Huobi Token (HT) is the native token powering the Huobi ecosystem. Huobi Group, established in 2013, has created a variety of offerings designed to support cryptocurrency adoption and strengthen blockchain development. These include Huobi Global Exchange, wallet services, digital economy research, blockchain initiatives, and more-along with Huobi Token. 

Huobi Token (HT) works both as an exchange token and as a loyalty-points system built on blockchain. HT is an ERC-20 token first distributed in 2018. Its maximum supply is 500,000,000 HT. Through Huobi’s burning mechanism, the token count is reduced each month.

What are Huobi Token’s key features and how does it work?

Huobi Group brings together multiple products, with the Huobi Global Exchange as its main platform. Through the website and its mobile app, users can buy, trade, and sell a range of cryptocurrencies. The ecosystem also includes dedicated exchanges for Japan and Korea, supported by the Huobi Japan and Huobi Korea platforms respectively. 

Huobi Group also provides the following products and services:

What can HT be used for?

Huobi Token can be used across Huobi’s products, including Huobi Global services, VIP discounts, and special events. In particular, keeping HT in the Huobi exchange wallet provides trading fee reductions of up to 65%. HT holders can also use the Huobi Prime platform to access new cryptocurrency projects. By holding a specified amount of HT, users can buy tokens from upcoming projects at a discounted rate before they are officially listed on the Huobi exchange.

In addition, Huobi’s PrimePool enables participants to stake HT and receive rewards. When new projects are listed, HT token holders may be eligible to receive free airdrops and tokens from those projects. Users must lock tokens for a predetermined period, and the rewards allocated depend on the number of tokens and the length of the lock.

HT stakers can also collect rewards by staking on the Huobi ECO (HECO) Chain. This is an EVM-compatible network with smart contract support. It includes multiple decentralized applications that users can interact with using HT.

Finally, holding HT gives traders a chance to help steer the platform through community-driven governance. HT owners can vote on matters like coin listings, burning mechanisms, and other development topics involved in running the platform.

Where can you buy HT?

HT is available on the following CEXs and DEXs listed here. The most widely used options with the highest liquidity are Huobi Global, AscendEX, Gate.io, and FTX Spot. HT’s price will change based on the exchange selected and broader market conditions. For current and historical information on HT market prices, check the price charts on this page.