Huobi Tokens or HTs are the key component of Huobi Pro - one the world’s leading cryptocurrency exchanges based in Singapore.
Huobi Tokens play an important in the functioning of Huobi Pro and are a key link in Huobi’s global ecology. This is because they offer a wide range or uses as well as a great deal of value enhancement to users. Users now get the chance to not only be active participants in the Huobi ecology but also earn handsome rewards through token airdrops in the process. Let’s take a deeper look at how users can earn using their Huobi Tokens.
HADAX Voting - Free Votes, Free Tokens
Voting on HADAX is one key area where HT holders stand to gain the most. Users get an opportunity to earn free tokens by casting their vote on their favourite projects to be listed on HADAX. The top two winning projects get listed, and users who voted for them get handsome rewards.
Recently, voting on HADAX has been made free of cost for HT holders. From the 3rd phase onwards, users who hold HT can cast free votes. This is one of the reasons that the value of the HT token has been skyrocketing over the past few days as it gives voters a shot at earning rewards for absolutely no risk. HT paid during the voting can be refunded at any time after the voting.
Voting phase details
The 3rd phase of voting starts at 13:00, April 27th, 2018 (GMT+8).
Voting of this round will last for 7 days and conclude at 13:00, May 4th, 2018 (GMT+8).
Free Voting details
Users who voting using HT are entitled to get refunds under no conditions. 1 vote costs 0.1 HT. After the voting ends, the winning projects will hold the refund of HTs before they are listed.
Once voting ends, users have the choice to get their votes for the unsuccessful projects refunded automatically, or keep them until the projects win and then have them refunded by HADAX.
Users can have their votes refunded automatically at least 72 hours before the voting ends, and then the HTs will be refunded automatically. In less than 72 hours before the voting ends, refunds are not available until the voting ends.
Rewards from Winning Projects
In addition to free votes, HT holders are eligible to win attractive rewards from the winning projects that get listed. These rewards are in the form of token airdrops given only to HT holders. Think of it as an exclusive reward for participating in and supporting the Huobi ecology.
Teams can also set up their own incentive rules in order to distribute tokens among HT holders/voters in proportion to the number of votes after the token is listed.
Example: Project A sets an incentive of 1 million Token, and the users cast 1 million votes during the voting, then 1 Token will be rewarded for each vote.
Teams are allowed to adjust the incentives during the voting process. However, the incentives can only be increased and cannot be decreased. Users will receive their token in 4 installments. When the token is live on HADAX, user will receive the first quarter of tokens. Then will then get each quarter in each subsequent week that follows.
HT - More Power To You
Huobi Tokens offers a diverse range of features and benefits ranging from VIP discounts, access to exclusive events, liquidity protection, exclusive airdrops, trading benefits and a whole lot more.
To conclude, being an HT holder has numerous benefits that can greatly enhance value while providing a ton of functionality.
Important links:
More about HT:
https://www.huobi.pro/ht/More about HADAX Voting:
https://www.hadax.com/notice_detail/?id=1398
