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Huobi BTS

Huobi BTS

The bridge between centralized and DeFi markets. H-tokens are a suite of assets issued on Ethereum and backed by cryptocurrencies from other blockchains. H-token series aims to bring more digital assets to the Ethereum DeFi ecosystem.

Huobi BTC is a universal native token. Refers to the Huobi Global cryptocurrency exchange. It is a decentralized digital asset based on the Ethereum blockchain and ERC-20 compliant. The value of HT depends in part on the reputation of the Huobi crypto exchange, but other factors also play a role.

Huobi BTC is a very young project. It was launched and presented to the public in January 2018. It was launched immediately after the launch of the native token. It was launched on the Binance competitor exchange. Having its own token allows Huobi to build a flexible marketing strategy to attract new users and further develop its platform.

The main and at the same time the key function of Huobi BTC is to reduce the commission. They are charged for trading operations on the exchanges. BTC is usually paid from the wallets of the users themselves. However, the token has much more to offer. Using HT, users can purchase monthly VIP status plans to receive discounted transaction fees. Token holders have the right to vote on exchange decisions, can earn crypto rewards for seasonal buybacks, and get early access to special events. HT holders can exchange the token for other cryptocurrencies at any time.

Founded Huobi BTC and is its CEO Leon Li. He graduated from Tsinghua University, in the field of automation. In 2011, he joined the supporters of Bitcoin. Li started his career as a computer engineer at Oracle, the world's largest database vendor. In 2013, he founded the Huobi Group, took over the management of the company and turned it into a leading global player in the digital asset financial services industry. The second co-founder of the company is Jun Doo. Prior to joining Huobi, he was director of public relations at Comsenz and worked at Tencent. In addition, Du is the CEO of Node Capital (a venture capital firm specializing in the blockchain industry), is the founder of Jinse (a blockchain service platform integrating industry news, market information and data), and co-CEO of BiKi. .com (a digital currency trading software provider). Finally, he co-founded companies such as AToken and Chainup. In 2018, the founder of Crypto Chain University Herbert Rafael Sim joined the Huobi Group team. Sim has an impressive track record and has contributed to Forbes, The Huffington Posts and Wardrobe Trends Fashion. Sim at Huobi is responsible for digital marketing. He is also the Director of Public Relations.

Huobi is inherently very unique. It has several main distinguishing features for users. But for the most part, it's just a way to keep up with the rapidly changing world of cryptoeconomics. And keep pace with the times in their developments. It was created in part to keep up with Binance and its native BNB token. Huobi token will provide a common or unified payment method in the ecosystem. It will also be widely used for OTC trading and corporate payments.

To date, in the rankings of CoinMarketCap, Huobi is already ranked 50th. In doing so, it acquired great value. All this in the time it has been in existence, since its release in 2018. HT was initially trading at around $1.30. During an all-time high in 2021, it reached a price of almost $35 before stabilizing. Many are optimistic about their future prices as native tokens from other exchanges have also performed well. The future of this token is seen very transparently. It is one of the promising areas in the world of cryptoeconomics. As more people get involved in crypto trading, Huobi will benefit and grow with the industry. It also offers an attractive loyalty and rewards scheme that will take its rightful place in the growing competitive crypto exchange industry.

Timeline

Patents

Further Resources

Title
Author
Link
Type
Date

Huobi Group Official Introduction Video

Web

May 9, 2019

References

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