Huobi Token (HT) has attracted much attention since it was launched, and has been supported and recognized by a large number of users. Huobi Pro has pledged 20% of its revenue to buyback (Coin revenue is converted to USDT as the closing price of March 31), while disclosing the related information on a quarterly basis. The buyback in the first quarter has been completed. The first ever buyback was announced 16 Apr 2018.
First, let's see what is Huobi Token (HT)? Huobi Token (HT) is the Huobi.pro exchange, at the time of writing the article is on the third place in the capitalization of the crypto-currency market. Huobi Token (HT) has several advantages on the stock exchange itself : - VIP-discount on the commission, commission for the operation on the exchange is reduced due to HT - Regular redemption, this is exactly what this article is about HT exclusive event - Bargaining with popular coins To participate in Huobi's business is also interesting, but about this next time.
Huobi buyback will increase the demand for the token in the market. Hence, Huobi Token (HT) will be more valuable.
A total supply of 500 million: 20% of tokens (100 million) are used for platform operations and user rewards, 20% (100 million) HTs are reserved as team incentive subject to a 4-year vesting schedule. and 60% of tokens (300 million) are given to customers point cards on Huobi.Pro as gifts (with a daily limit).
Current total supply in the market is 303,129,300 HTs whereas it locked 70,454,600 HTs in which 9,332,900 HTs are bought-back from the secondary market.
Now you roughly imagine what HT is and can understand its value. Let's start in order :
1) Huobi buyback is the redemption of 20% of Huobi Token (HT)
2) Huobi User Protection Fund every season, Huobi.Pro buys HT in the open market in a certain proportion. All the redeemed HTs will be withdrawn to the Huobi Investor Protection Fund. They are used to protect the interests of investors and recover the losses of Huobi users primarily at risks from security breaches
Summing up the stock exchange, Huobi.pro takes steps to meet the future creating an empire based on Huobi Token (HT). Creating and developing an entire infrastructure with the support of business and the expansion of its ranks by new companies.
For more information about Huobi Global, Huobi Pro, Huobi User Protection Fund please visit
https://www.huobi.pro.
