Bitcoin Forum

I. What is Hadax Token
Hadax Token (HT) is the exchange token of HADAX (Huobi Autonomous Digital Asset Exchange) - newly opened child exchange of Huobi. At HADAX, investors can use HT token to vote or receive airdrop of listing coins. If Huobi Pro is an exchange for top and high volume coins then HADAX is the exchange for FOMO coins or coins with huge community. This is a smart move of Huobi. Combining with Huobi Pro, HADAX can help Huobi overvolume Binance.

II. Why should buy it?
Let's make a comparision with two of the most successful exchange tokens: BNB (Biance Coin) and KCS (Kucoin Share)
1. Market cap
- BNB : 1,415,651,555 USD
- KCS : 277,810,045 USD
- HT : 215,788,363 USD

2. Total supply
- BNB : 194,972,068 BNB
- KCS : 180,730,576 KCS
- HT : 500,000,000 HT

3. Circulating supply
- BNB : 114,041,290 BNB
- KCS : 75,730,576 KCS
- HT : 50,000,200 HT

4. Max price in comparasion with ICO or listing price
- BNB : 250 times
- KCS : 40 times
- HT : 4 times

5. Token utility
- BNB : reduce exchange fee , coin burn
- KCS : reduce exchange fee, benefit from exchange fee if holding
- HT : reduce exchange fee, voting and receive aridrop from listing coin

Conclusion: If a coin wants to be listed on HADAX, its community needs HT to vote and win the first place at voting race. This is a hugh motivation for HT price. Bisides, since HADAX's exchange fee is high (0,2%), HT will be used to reduce. It's only the early stage of HADAX. HT's price will soon explode, expected to reach 5 to 6 times now.

I've noticed HADAX exchange recently, too. Detailed comparision but huge max supply may be the drawback of Hadax token. Some graphs added could have been made the post more convinced.