Huobi Token (HT)

smart contracts
exchange
eth token
monetization
trading & investing
#16

Marketcap Ranking

3.606375 (-1.34%) arrow_drop_down

Market Price (24h change)

870,160,820

Total Market Cap

2.5

3.9

info_outline What is Huobi Token

3.6

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Short Description

Huobi is a world famous Bitcoin exchange. On Huobi, you can trade Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), DASH, etc, using Bitcoin (BTC) and USDT.

There is no technology description for Huobi Token yet.

We can not provide any looks into the future for Huobi Token yet.

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Introduction Video

What is Huobi Token (HT)? | Huobi Global

On Ep 24 of Huobi Talk, Wu Xing, Senior Director of Huobi Pro shares more on the use cases of Huobi Token (HT). To learn more about Huobi Token (HT), check out the link below: ht ...

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Screenshot from Website

www.hbg.com
HT Websitemore_vert

Visit Webpage

Website Informationclose

Organization: Brtuomi Global Limited
Name:
Country: GB
City:
Zipcode:
Address:
Mail: D
Creation date: 2017-03-19
Expiration date: 2020-03-19
Nameserver: NS-1632.AWSDNS-12.CO.UK

attach_money Product Analysis

4.6

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Whitepaper

No whitepaper exists for Huobi Token


file_downloadOpen Whitepaper
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Close Competitors

  • 1.) Cobinhood

    COBINHOOD is a cryptocurrency exchange with trading interface and COB ERC-20 token. Also it has 0% trading fees without any conditions.

  • 2.) Spectre.ai Dividend Token

    The world's first broker-less financial trading platform

  • 3.) KuCoin Shares

    Kucoin shares are used for collecting fees from participants of the Kucoin exchange, holding it, gives a holder dividend-like rewards.

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Product analysis

The exact founding date of Huobi Token is unfortunately not that clear. never released their source code, which makes it an intransparent and hidden project with no guarantee that their product works or is being developed.
Organization wise, Huobi Tokens Development is Centralized and is being developed under the lead of Leon LI.

The consensus on which the Huobi Token network is run is called Not mineable, while the underlying algorithm is called None.
In the current state of Huobi Token currently is Working product

group Community Analysis

4.5

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Communities & Events

Since its establishment in 2013, Huobi Group has been financed by ZhenFund and Sequoia Capital. Its accumulative turnover has exceeded 1.2 trillion USD and once became the world's largest digital asset exchange with a global share of 50%. Currently, Huobi Group has invested in more than sixty upstream and downstream enterprises.

view_list r/HuobiGlobal Subreddit
person 9,405 Subscribers
directions_run 2,065 Active Users
create 1 Daily Posts
speaker_notes 1 Daily Comments
linkOpen Subreddit

This is the ONLY Huobi Global official group.
Official Announcement Channel:
https://t.me/HuobiGlobalAnnouncementChannel
Facebook: https://www.facebook.com/huobiglobalofficial
Twitter: https://twitter.com/HuobiGlobal

view_list Huobi.Global-Official Channel
person 58,229 Members
directions_run 2,867 Online
linkOpen in Telegram

Official Twitter account for Huobi Token

view_list @HuobiGlobal Channel
person 132,233 Followers
11.15.2019
03:35
🤔What cryptocurrency will be listed next? 4,163 favorite
11.14.2019
14:31
Huobi Global Official Social Media Channels https://t.co/QtaeL6wV60 79 favorite
11.14.2019
11:18
Is $BSV the real #Bitcoin? 187 favorite
11.14.2019
04:17
🔥Huobi Global's x @CoinMarketCap VIP Night in 🇸🇬🔥 🙏Thanks to everyone who attended the event! #HuobiLife https://t.co/PsuIW5o4Sg 76 favorite
11.13.2019
23:59
Where are you 👀 ? https://t.co/jRUnFlsLVZ https://t.co/gsWECaQwa4 64 favorite

There are no events for Huobi Token in the next 3 Months

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Google Trends Analysis


The Google Trends chart displays the search interest on google in Huobi Token relative to its peak over the last year. A rising chart shows growing interest int he project.

code Development Analysis

1.0

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Github Analysis


Huobi Token is not open source and can therefore not be analyzed. This will automatically give Huobi Token a rating of 1 as a penalty for not being open-source.

attach_money Price Analysis

2.3

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Price Prediction

$ 3.609166 (-0.85%) arrow_drop_down

Predicted USD Market Price in 24h

$ 3.551836 (-2.42%) arrow_drop_down

Predicted USD Market Price in 14d

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Converter HT - USD

Convert between HT and USD with the live Huobi Token prices, aggregated from all big exchanges that trade Huobi Token.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Team Analysis

4.3

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Team

Lead

Unknown -
It is not exactly clear who is the main driving force behind Huobi Token.


supervisor_accountSocial Network Links

Members (10)

launch

Leon LI

Founder & ceo

launch

朱嘉伟

Coo

launch

Chris Lee

Cfo

launch

Eric Zhu

Ceo of shenzhen branch at huobi global

launch

Ted Que (阙小耕)

Founder of huobi labs

launch

Aaron Zhang

Vice president

launch

Sangwook LEE

Huobi korea chief financial officer

launch

Shawn Lau

Business development

launch

Qing Xu

Operations manager

launch

Tianqi Huang

Investment manager

remove_red_eye Product Review by Coinpaper

3.8

How things stand

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Huobi Token is a very recent entrant of the crypto-world with its inception in January 2018. Since then, the coin has garnered positive developments and not much has happened in its short life span. Huobi token was initially launched as loyalty-building token for the Huobi exchange. Since China’s ban on cryptocurrency in 2017, the markets experienced very low user activity and the future of cryptocurrency was being questioned. In order to combat this issue, Huobi launched the token to gain user attention and give new life to the crypto-exchange. The token rewards its users with lowered transaction fees and also serves as an investment tool by being tradable with other cryptocurrencies as well (Garner, 2018).
Huobi Token was distributed among Huobi Pro members in its initial distribution phase. 60% of the total Huobi Token supply was offered in the 15 day long run that spanned from January 24 to February 7, 2018. 20% of the supply was reserved for user rewards and platform operations while 20% are retained for the team working on the project. The results of launching a token of its own were very welcoming for the Huobi Group. Leon Li, the CEO of the company, released a public statement recently, citing the figures of company’s performance which showed that the user engagement had really boosted after Huobi Token’s launch. The trends also indicated the revival of the company’s diminishing popularity and better acknowledgements of its product line (Kuhn, 2019).
Starting from April 2018, the company has organized eight separate token burning events. What the company does is that it buys back some of the circulating tokens and destroys them. This helps in stabilizing the coin and also maximizes profit for the investors. The investors also see a reason to hold the currency to maximize their returns. Around 21,356,800 Huobi Tokens (HT) of the circulating 310,318,300 HT have been destroyed by the exchange. Huobi Group has been involved in different projects that might support the use of Huobi Token in the future. The year 2020 will decide what other products Huobi Group reveals (Walters, 2018).

4.0

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The code of the Huobi Token is solely built by the Huobi Group and is not open-source, which means we can’t see it. The backbone of the network is Ethereum Blockchain, and Huobi Token are also compatible with ERC-20 exchanges and wallets. The company has also developed Huobi Chain that will allow users a reliable infrastructure for self-finance. Huobi Token might also get updated and shifted to the new network.

2.0

Product description

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The world of cryptocurrencies is expanding at an undying rate. Amidst the ever-increasing popularity and growth of the crypto-universe, many new alternatives make their way into the market on a daily basis. Similarly, the popular cryptocurrency exchanges have started to roll out their own crypto-coins in order to attract and maintain their user base and reward their old users at the same time. One of such coins is Huobi Token, which was launched by Huobi, the third largest cryptocurrency exchange in the world.
Huobi token is a proprietary cryptocurrency issued by Huobi exchange in January 2018. The main purpose of this coin was to maintain the user network of Huobi exchange by offering them some incentives and allow them to gain rewards by being active on their exchange. Huobi token is based on the Ethereum Blockchain, and within itself does not offer many innovative revolutionary developments, but is a means to reward loyalty of the exchange users. Huobi Token can be used internally on the Huobi environment and enables users to carry out transactions with lowered fees (The Analyst Team, 2018).

4.3

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Huobi Token is an Ethereum based ERC-20 token. The actual product is very easy to understand. In essence, it is simply a token that can be used to carry out discounted transactions on the Huobi ecosystem. There are also other use cases for this cryptocurrency. It provides early access to products that will trade on Huobi exchange, and confers survey and voting rights to the Huobi Token owners.

4.4

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Huobi exchange was founded by Leon Li in 2013 as a cryptocurrency exchange. After the ban imposed on cryptocurrencies in China, the exchange expanded its subsidiaries in Singapore, South Korea and Japan. In 2018, Huobi Group, the owner company of the third largest exchange in the world, launched their own loyalty-building token known as Huobi Token (Garner, 2018).

4.4

Pro-Contra

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Transaction cost Transaction costs are very minimal. Also, on the plus side, the users get extra discounts for carrying out transactions using the Huobi Token.
Enery consumption There is no official data that reveals the energy consumption of the Huobi Token network. But since the technology is based on the Ethereum network, there is no mining process involved, which makes it energy-friendly.
Decentralization Currently, Huobi Token matches the decentralisation level of Ethereum. Huobi Group is adamant to roll out its Huobi Finance Chain that will maintain the decentralisation quality of its token.
Product availability Huobi Token was launched in 2018 and is a fully working exchange-token of Huobi Group.
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Security Relatively low. The coin is relatively new/unproven.
Adoption The acceptance of the coin has been limited to the Huobi exchange ecosystem.
Transactions per second Huobi Token can handle much less transactions per second compared to other cryptocurrencies.
Transaction speed The transaction speed is much lower compared to other cryptocurrencies.
Exchange availability Huobi Token is a loyalty-building coin which means it is prevalently available on Huobi Global Exchange only. Some lesser known exchanges like DragonEx, Bit-Z and Gate.io also offer Huobi token.
Privacy Transactions with this coin are pseudonymous.

remove_red_eye Market Review by Coinpaper

3.8

Foresight

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Huobi is world third-largest crypto-exchange and since China’s policies around cryptocurrencies are becoming less hostile, Huobi could see a massive growth in its user base. This will result in a much higher usage of the Huobi Token on the Huobi exchange.

4.5

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Huobi Group has initiated a number of projects. Among them, the most important of them all, is perhaps the introduction of a Blockchain network of its own. Huobi Group is persistent about launching Huobi Chain that will allow many more products to walk out from under the umbrella of Huobi Group.

3.7

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Strictly speaking, the potential of Huobi Token depends upon the performance and reputation of the parent company Huobi Group. The usage of the token is limited to the exchange’s ecosystem and its growth is directly depended upon the popularity of the company’s and its partner’s products. However, among the loyalty-building coins, it remains one of the better options that provide the users with multiple benefits.

4.5

Business

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Since Huobi Token is primarily a loyalty-building coin, it can be considered a replacement of other loyalty-building tokens. Exchange coins like BNB, which was launched by Binance, and Kucoin a proprietary coin of lesser known exchange Kucoin can be considered substitutes of Huobi Token.

3.2

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Huobi Token has a competitive advantage in the market because of its parent exchange, Huobi, which is the third largest exchange in the world. Huobi Group has a number of partners some of which utilize Huobi Token and allow users to transact using the same cryptocurrency. A recent partnership to unveil was with FomoHunt which is a cryptocurrency based marketplace where users can buy anything from art, tickets, grocery, clothes etc. (Libertas, 2019).

3.2

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The cryptocurrency’s community mainly comprises of the regular users of the Huobi exchange. They are representing the digital asset on many different forums to regularly update the general public about the latest developments and news regarding the cryptocurrency. Also, they maintain the user engagement by publicising the benefits and positive forecasts regarding the coin.

3.4

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The development team features many experts of Blockchain technology hailing from different countries like China, Singapore, South Korea and Japan. The team basically involves the people working for the parent company Huobi Group.

4.2

compare_arrows Exchanges

Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Huobi HT/USDT $ 3.610839 $ 24,869,712 clear
# 2 Huobi HT/BTC $ 3.608680 $ 9,101,019 clear
# 3 Huobi HT/ETH $ 3.610093 $ 4,938,923 clear
# 4 BitMax HT/USDT $ 3.610940 $ 707,160 clear
# 5 ZG.top HT/USDT $ 3.609322 $ 685,901 clear
# 6 Gate.io HT/USDT $ 3.613165 $ 289,347 clear
# 7 BitMax HT/BTC $ 3.611422 $ 202,829 clear
# 8 Huobi HT/EOS $ 3.597614 $ 142,937 clear
# 9 Huobi HT/BCH $ 3.612297 $ 123,274 clear
# 10 Huobi HT/XRP $ 3.610051 $ 120,154 clear

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