Huobi current price is €0.00000.

Besides Huobi Token (HT) is the renowned cryptocurrency (measured by market capitalisation). This cryptocurrency has become more and more popular over years. Given the plans for the future, many insiders have high expectations of the Huobi Token (HT) price. Of course you can trade and/or invest in Huobi Token (HT) as well. On this page you'll find basic statistics and characteristics of Huobi Token (HT). Furthermore you'll find info regarding the Huobi Token (HT) price, basic technical analysis and a brief explanation of the story of Huobi Token (HT)

Current Huobi Token (HT) price

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Onchain Metrics Huobi Token (HT)

If you want to perform a technical analysis of Huobi Token and decide whether it is the right time to trade or invest, please check the on-chain metrics as provided by our partners of Into the Block.

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Furthermore, we provide you with the price chart and historical data for Huobi Token (HT) at the bottom of this page. Before we get there, we provide you with the upcoming agenda as well as some backgrounds and info on Huobi Token.

The Huobi Token agenda

In order to provide you with an accurate overview of coming Huobi Token agenda items and events, you'll find our Huobi Token agenda below.

If you are interested in the agenda items for other cryptocurrencies and/or the most important economic items on the macro-economic agenda, please visit our calendar page.

What is Huobi Token?

Huobi, the third-largest cryptocurrency exchange in the world, recently announced and launched a new currency. The Huobi Token (HT) rewards exchange users for their loyalty with lowered transaction fees while also carrying its own value in tradable pairs against popular currencies. The hope was to bring greater value to Huobi’s millions of users, mostly located in Asian countries. The launch of the Huobi Token follows in the footsteps of other loyalty-building tokens that other exchanges have launched. The first and most successful of these tokens has been Binance Coin (BNB). The creation of BNB secured Binance’s place as the world’s leading exchange. It offered discounted trading fees in exchange for customer loyalty, primarily functioning as a loyalty rewards system.

Who created Huobi Token?

Huobi was founded in 2013 by Leon Li (Chinese: 李林; pinyin: Lǐ Lín). An alumnus of Tsinghua University, Li was a computer engineer at Oracle before founding Huobi. On May 15, 2013, the Huobi Group (火币集团) acquired the huobi.com domain. On August 1, Huobi launched a simulation trading platform, and on September 1 the Bitcoin trading platform launched. In November 2013, Huobi received angel investments from Dai Zhikang and Zhen Fund. In 2014, Huobi raised a $10 million venture capital investment from Sequoia Capital. In August 2014, Huobi acquired Bitcoin wallet provider Quick Wallet. In December 2013, trading volume exceeded 30 billion yuan, making Huobi China's largest digital asset trading platform at the time. In June 2016, its total transaction volume reached 1 trillion RMB, and in November 2016 1.7 trillion yuan, accounting for more than 60% of the global bitcoin exchange market. On December 22, 2016, its daily transaction volume surpassed 200 billion yuan.

What is the purpose of Huobi Token (HT)?

Huobi Token uses liquidity pools rather than serving as market maker, also in contrast to centralized exchanges, with an aim to create more efficient markets. Users provide liquidity to the exchange by adding a pair of tokens to a smart contract which can be bought and sold by other users. In return, liquidity providers are given a percentage of the trading fees earned for that trading pair. For each trade a certain amount of tokens are removed from the pool for an amount of the other token, thereby changing the price. No fees are required to list tokens which allows a large amount of Ethereum tokens to be accessible and no registration is required for users.

Huobi Token (HT) nowadays

Huobi Token is a cryptocurrency exchange that is decentralized and run by open-source software as opposed to a centralized intermediary. This is in contrast to cryptocurrency exchanges that are run by centralized companies such as Coinbase, Binance and OKEx. Changes to the protocol are voted on by owners of a native cryptocurrency and governance token called UNI, and then implemented by a team of developers. UNI coins were initially distributed to early users of the protocol. Each Ethereum address that had interacted with Huobi Token prior to September 1, 2020 received the ability to claim 400 UNI tokens (worth approximately $1,400 at the time). The market capitalization for the UNI token is over $500 million as of October 2020.

The future of Huobi Token (HT)

Huobi Token empowers developers, liquidity providers and traders to participate in a financial marketplace that is open and accessible to all.
We are committed to open source software and building on the decentralized web.