In addition, the daily trade volume amounts to over 350 million dollars of crypto tokens. Over 280 digital assets are tradable on Huobi. For security purposes, however, it is best not to store your cryptocurrencies on any online exchange. These funds will be stored in an Ethereum address, the Huobi Investor Protection Fund. Finally, I believe that exchange coins are worth serious consideration in general. Blockchain Whispers is often ahead of the curve with their picks, so I highly suggest you … The exchange has been so long in the crypto scene and it was ranked in the top 3 exchanges in the world in terms of volume and liquidity. These benefits are all designed to attract bigtime investors who trade large volumes of cryptocurrencies. COSS is valued at just $10 million. So far it’s been a success, but will it make a good long-term investment? Of the 500 million total tokens available, 300 million will be used as gifts for purchasing Point Cards. Chainbits™ is an education and news platform for all things blockchain, decentralized currencies, applications, next gen finances and how they affect our society. Users benefit from being able to get their favorite projects listed on an exchange platform, but they benefit further by receiving free coins if the project gets listed. Our last five reviews evaluated KuCoin, Kraken, Bittrex, Binance, and Coinbase Pro. HBUS has announced that it is the exclusive US strategic partner of Huobi. Binance (BNB), Bibox (BIX), KuCoin (KCS) and Coss (COSS) have all issued their own tokens as well. The verification process on Huobi.com is a bit more demanding than average. The proceeds were used by Huobi to recover from the loss in revenue caused by the Chinese crypto crackdown. Huobi Token (HT) is trading at $14.74 USD, decreasing by-3.36% since yesterday.. Huobi Token has traded $909,097,312 USD in the last 24 hours.Huobi Token. If it increases its marketing efforts to a global scale it could see adoption levels close to those of the Binance token. Huobi Token's Price Today?. As long as you believe cryptocurrencies aren’t going away, the exchanges make perfect sense. The tokens reached a high of $5.38 in May and $6.10 in June of this year. Apart from the supply and demand for the token, the token’s value depends on the performance of Huobi… If the project isn’t able to get enough votes to be listed the tokens may be returned. The website is in Chinese and meant for Chinese traders, but the foreigners can also register and trade.After registering and providing personal info, the user will have to verify an email address. (ETF) called Huobi 10 and a new public blockchain, the Huobi Chain Project. One scenario might see a project offering 5 free tokens airdropped for every vote they receive, and as long as the project gets listed the voters receive the airdropped tokens. This helps to ensure greater market stability as well as the interests of investors. VIP subscription holders, for example, can save up to 50% in transaction fees. The ultimate goal of the Huobi token is to become an asset for users on Huobi exchanges, regardless of whether they are in Japan, South Korea, the US, or any other location in which the exchange decides to expand. This was before the Chinese government banned Bitcoin exchanges in September 2017, prompting Huobi to halt Bitcoin withdrawals as well as Yuan-to-Bitcoin trading. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. Owning this token lets users gain access to exclusive benefits. As such, it maintains a buyback policy in which it uses 20% of its profits to buy the open tokens in the market during particular period. Huobi makes their platform a seamless experience, not only between the various markets available, but with their mobile application as well. It is used to incentive trading as part of an overall strategy to recover its user base after tightening regulations in China.. This is significant when taking into consideration that Binance’s low fees are limited to a five-year period. Both cryptocurrencies and CFDs are complex instruments and come with high risk of losing money. Get Huobi Token reviews, rating, sentiment score and other cryptocurrency info. HADAX performs a minimal audit on these tokens, evaluating them for only authenticity and legitimacy (not value). The crypto exchange is mostly known for their strong trading volumes in the Asia market. Due to the changing regulatory landscape around Bitcoin and other cryptocurrencies in China, Huobi moved their exchange operations out of the country in 2017. Additionally, the vote for new listings functionality of the coin makes a compelling case for new tokens to prioritize buying HT. Leon Li. Such as coin supply and internal factors in the Huobi ecosystem. The value of this HT token depends on the exchange performance and other factors. While Huobi offers favorable trading fees, which can be attributed to it making the wise decision to implement a native token-based economic system similar to those found on Binance, Bibox, and KuCoin, the exchange is extremely aggressive when it comes to service charges. ... Additionally, the introduction of both Huobi Token and, more recently, Huobi’s IEO platform Spotlight, have helped garner the exchange more attention than ever before. As mentioned, the trading fees on Huobi exchange are .2%, and VIP discounts are available which give discounts that range from 10% to 15%. The most important question though is whether it can be trusted? This would be similar to the growth seen from Binance and KuCoin when they increased their marketing and spread the word about their coins further afield. Its headquarters are now in Singapore. How the Value of HT May Steadily Increase, Future Aspirations of Huobi Pro Exchange and HT. Huobi can be a great exchange for the savvy trader that likes to trade spot, margin, and contract trades. Huobi than conducts a minimal audit, and investment firms such as ZhenFund and Draper conduct due diligence to ensure the projects meet minimal quality standards and are compliant with any existing regulations. Huobi Token Cryptocurrency (HT)?. This acts to reduce the supply of HT, making the remaining HT more valuable. Looking at an asset such as the Huobi Token the three primary drivers for demand will be: All of these demand drivers are closely correlated with the overall cryptocurrency markets, and a bear market like we’re experiencing now can hold back exchange tokens like the HT. Others may be in agreement, as the Huobi Token is seeing about 25% of its market cap in daily volume, showing that there is a large amount of trading volume. Huobi token was initially launched as a loyalty-building token for the Huobi exchange. These funds will be made available to the public. Finally, Huobi wanted to create a token with as much stability as possible. The Huobi Token bears a serious look from anyone who believes cryptocurrencies are here to stay. The Huobi Token presents an exciting opportunity for large-scale traders like whales and high-frequency operations to lower their expenses on Huobi. Huobi Token (HT) is an exchange based token and native currency of the Huobi crypto exchange. It is a native token for Huobi Pro and HADAX exchange through which one can get exclusive benefits. Finally, the Huobi tokens are only available by purchasing Point Cards, Huobi’s pre-paid card for charge-trading fees, on the Huobi Pro exchange. created the Singapore-based BTC and digital asset exchange in 2013. As a South Korean exchange most of its efforts have been directed towards marketing in Asia, and many Europeans and those in North and South America are unaware that Huobi even has a token. They will continue to make profits no matter which cryptocurrencies prevail. At Binance, as soon as you own BNB tokens you’re entitled to trading fee discounts. Here’s a quick overview of the advantages and disadvantages of Huobi. One of the benefits of holding the Huobi Token is the ability to participate in the Huobi Autonomous Digital Asset Exchange (HADAX). If the markets get back to moving strongly higher it’s likely that crpytocurrencies will see greater mainstream adoption, and Huobi will see greater interest from institutional investors who can sign up for VIP subscriptions. Coin Bureau encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. The HT can be used to purchase monthly VIP status plans for transaction fee discounts, vote on exchange decisions, gain early access to special Huobi events, receive crypto rewards from seasonal buybacks and trade with other cryptocurrencies listed on the Huobi exchange. The value of the token has been tied to the performance of the exchange, but also to other factors such as coin supply and the internal factors within the Huobi ecosystem. The Huobi Token aims to become a major asset of exchange for users all over the globe. Huobi.Pro Exchange Review The crypto craze is going from strength to strength and more speculators are looking forward to investing in this phenomenal commodity because the returns are quite high. Leon Li. Huobi was originally founded in 2013 with their offices based in China. Huobi Global Review. [table id=81/] By bridging the gap between the Ethereum…, [table id=54 /] Origo is a decentralized application platform…, [table id=26 /] DFINITY is a decentralized network that…. That increased competition will lead to greater rewards being offered to voters, which in turn will incentivize more people to buy HT so that they can vote on projects and get free tokens. Just like Binance, Kucoin and other digital asset exchanges, Huobi has created its native token, which it calls Huobi Token (HT). Following in the footsteps of its larger rival Binance, the Huobi cryptocurrency exchange recently created its own token, as one of the top three cryptocurrency exchanges worldwide (July 2018) this could make very good sense for the exchange. The two use cases mentioned above will give investors good reason to buy and hold the HT token, and should provide good upside potential for the token on their own. Huobi(HT) is one of the biggest and the largest cryptocurrency exchanges that are currently functioning in China and they have made it very clear that they are about to launch a brand-new token that is Hubi Token which will be based totally on the ERC-20 standard. Huobi Token Review. A rising market will also help the airdrops reward program, since it will increase the competition to be listed on HADAX. This provides an incentive to voting. Although the transaction fees of 0.2% is not as low as Binance’s 0.1%, Huobi’s frequent users can have a VIP subscription which matches Binance’s low transaction fees. In order to combat this issue, Huobi launched the token to gain user attention and give new life to the crypto-exchange. The safest alternative, however, is a hardware wallet such as Ledger Nano S and Trezor. Every quarter Huobi does a buyback where 20% of the exchange profits are used to purchase Huobi Tokens and lock them away in an Investor Protection Fund. Teams that want to be listed on HADAX must pay a deposit in HT tokens. The token follows other common loyalty-building tokens such as Binance Coin (BNB). The token is available for purchase on Huobi with the following coin pairs: HT is also available through the Huobi exchange with IOST, DASH, LTC, and XRP. These points will be used for all sorts of purchases, but the most basic use will be for discounts on trading fees. Over 280 digital assets are tradable on Huobi. You can store your HT on the Huobi Pro exchange. HT token (Huobi token) is an ERC20 token on Ethereum blockchain. It has also recently announced a new digital currency trading marketplace in the United States via HBUS. While you may argue that 12,000 HT is a lot to pay for a 50% reduction in trading fees, and you’d be correct if you’re discussing small investors, you have to remember that Huobi is aiming its service more for the institutional investor. Huobi is following a different scheme than Binance when it comes to fees. This review is part of a crypto exchange review series. The coin can also be used to gain maximum benefits such as OTC services, Huobi cloud, and use in the Huobi incubator platform. : Complete Beginners Guide, How many institutional investors join the Huobi platform, How many traders believe the value of HT will rise, Interest from investors looking to join in on voting rounds for new projects. All three of these exchange tokens have seen success, with the Binance token reaching nearly $1.5 billion in market cap, while KuCoin has a market cap of $300 million and Bibox has seen its token rise to $75 million in market cap. Own HT now . The Huobi coin is the ERC20 token for the Huobi Pro cryptocurrency exchange, one of the largest bitcoin exchanges in China. Steve has been writing for the financial markets for the past 7 years and during that time has developed a growing passion for cryptocurrencies. Instead, users vote for tokens to be listed on the exchange. Some of the exciting benefits that HT token holders enjoy are: HT token payers can get trading fee discounts (up to 50%) and get VIP memberships. This deposit is supposed to pay users back if delisted for any reason, legitimate (e.g. Second, it has a buy-back policy which involves using 20% of its income to buy back any Huobi tokens in the open market. The exchanges are one area that isn’t very concerned with the success or failure of any one coin. Le Huobi Token (HT) récompense les utilisateurs de l’exchange pour leur fidélité en réduisant les frais de transaction tout en portant sa propre valeur en paires échangeables contre des devises populaires. As long as cryptocurrencies remain a traded asset (and I don’t believe they are going to disappear), the cryptocurrency exchanges will continue to see profits. By contrast, the other coins have less than 10% of their market cap in daily trading volume, and in the case of KuCoin, less than 1%. So, can the Huobi Token (HT) rise from its current value of $160 million to match KuCoin, or more optimistically the Binance Coin? Huobi token review. Huobi is proposing a subscription model though, with five tiers of subscription, and each tier offering lower trading fees. That voting is done with the Huobi Tokens. (HT) is the #32 largest cryptocurrency by market cap as of March 08, 2021, with a market cap of $2,754,189,736 USD.. What Is . Huobi exchanges is the third largest cryptocurrency exchange in the world. The legendary crypto website Blockchain Whispers recommended HT as a good investment to its users Huobi tokens were first issued. The Huobi token was developed to offer low transaction fees to users and enable new tokens to be listed on their exchange with a point system, while at the same time maintaining stability while doing so. Huobi is a Mandarin word, its literal meaning is currency. You can also store it in any wallet that supports ERC-20 tokens such as Coinomi, MetaMask and MyEtherWallet. That’s double the Bibox value, and we can imagine it will soon close in on the KuCoin market capitalization as well. This Huobi review will be covering the most important features of the exchange to help you decide if Huobi is the right exchange for you or if you’re better off choosing another top cryptocurrency exchange. Huobi token is one to watch. The company announced the first buyback on April 16 and reported locking a total of 70.4 million HT . Huobi Pro, once the largest cryptocurrency exchange in China before the government ban on cryptocurrency exchange, moved from China to Japan at the beginning of this year. These investors will occasionally make huge transactions and limit the amount of points in the system, which will also reduce the number of Huobi tokens, keeping the token valuable in the long-term. Pros Safe and secure trading Easy deposits and withdrawals. The fact that it is relatively unknown outside of Asia also works in its favor, and could see significant upside if it becomes more well known throughout Europe and North America. So, it’s a win-win for users no matter what outcome. Just like Binance, Kucoin and other digital asset exchanges, Huobi has created its native token, which it calls Huobi Token (HT). The only question is whether an exchange will survive, and Huobi certainly seems well positioned to continue providing its services long into the future. Qtum (QTUM) Review – Blockchain Optimized for... Origo (ORIGO) Review – A Scalable Privacy... DFINITY Review – An Unbounded Virtual Blockchain... Blockchain PR – Best Agencies For Your Project. In this review of Huobi, we are going to take a look at one of the most prominent cryptocurrency exchanges with roots in China. Currently Huobi has a fee of 0.2%, while the Binance fee for BNB holders is 0.1%. HADAX was an exchange created by Huobi as a way for users to invest in other potential tokens in the world without being listed with an evaluation of their investment value. At the present, you can purchase the Huobi token through the Huobi Pro exchange. Research the Huobi Token project, team and whitepaper so that you can determine if Huobi Token is a scam. You can store your HT on the Huobi wallet, which is available on GooglePlay. In 2018, one of the largest and most popular cryptocurrency exchanges Huobi issued its own currency, Huobi Token (HT). Initially, it may seem as if Binance has the better fee structure, however the Binance offer is temporary, and by the fifth year there is no longer any fee reduction and the Binance fees match those at Huobi. For these large investors a savings of 0.1% on trading fees can be equivalent to thousands of dollars a month. A Huobi exchange review also reveals that Huobi was once, at an accumulative turnover in excess of 1.2 trillion dollars (USD), the biggest digital asset exchange in the world with an almost 50% market share. Huobi Token (HT) is an Ethereum-based decentralized asset native to the exchange, which its utility is tied to. Huobi Token is an exchange platform token offered by Huobi Global. In contrast to Binance, which offers lower fees across the board, Huobi Pro only offers lower fees to those who subscribe to the platform. First, it offers trading fee reductions, giving an incentive for more and more people to use their token, which in turn increases the demand for HT. It has many use cases that would work to increase its value, as well as several that decrease supply. This is meant to prevent token inflation in the future. Its creator mainly targeted users from the Southeast Asian markets (which explains why Huobi Token’s presence there is the greatest compared to other parts of the world). Huobi Pro’s exchange has a number of advantages, including: low transaction fees and high attraction by large investors and networks across Asia, Europe and North America. Voting & Rewards from the Huobi Token One of the benefits of holding the Huobi Token is the The coin is used for various exchange platform services such as fee reduction and voting. Huobi itself has also been supporting the price of the HT through their buyback program. Huobi Token (HT) is Huobi's own exchange native token. created the Singapore-based BTC and digital asset exchange in 2013. The token launch price was $1.52. Huobi Token gives token holders the authority to trim trading fees in half, take part in platform governance, and participate in … This incentive will continue indefinitely, unlike BNB’s fee reduction plan which expires after 5 years. Pro creating its own token, which launches in July 2018. It seems investors are most interested in exchange tokens that pay investors directly through airdrops and token burns, rather than through dividend payments. This fund is used to protect investor’s benefits and to compensate for risks in the platform, such as unexpected hacks or a collapse of a particular currency (such as Tether, which Huobi supports). Save my name, email, and website in this browser for the next time I comment. Huobi Token Review: Huobi Token is the native token of the Huobi Exchange. What Is . Our Ratings. a fork) or not (e.g. It also appears currently undervalued compared with other exchange tokens, while also enjoying a large degree of popularity among traders. The company has announced a buy-back policy in which it buys back HT based on its market price every quarter using 20% of its net profit during the same period. By contrast, the Huobi Token has a $160 million market cap already. Conclusions For Huobi. Transaction fees on Huobi Pro are 0.2% but can be cut by 50% for users who wish to subscribe to the platform and purchase a VIP membership. L’espoir était d’apporter une plus grande valeur ajoutée aux millions d’utilisateurs de Huobi, pour la plupart situés dans des pays asiatiques. These tokens were issued initially in 2018, with a total supply of 500 million. Huobi has one additional chance to increase its token value, and that’s through its marketing efforts. Huobi isn’t the first exchange to issue its own token. Huobi Token (HT) is an ERC-20 token based on the Ethereum blockchain. Huobi Token Review. exit scam, hack). With well over 200 different cryptocurrencies available to trade, with decent security, and many options for a trader, Huobi … Global Huobi is currently the third-largest exchanger after Binance and Coinbase. As a result, the exchange is available for use in multiple languages (including English, French, German, Turkish, Japanese, Korean, Chinese, Vietnamese and more) and the company offers as 24/7 multilingual support. The Huobi token was founded by the Huobi exchange in 2018 as part of their strategy to recover the lost user base due to stringent Chinese regulations. HT has several methods for maintaining the valuation of their currency. Huobi Global is an international cryptocurrency trader and tracker. HT token holders can benefit from the following: In addition, the daily trade volume amounts to over 350 million dollars of crypto tokens. Only active participants in the platform were able to receive the tokens. Huobi token was developed to offer low transaction fees to users and enable new tokens to be listed on their exchange with a point system, while at the same time maintaining stability while doing so. This is a hybrid exchange that allows its users to vote on which coins they’d like to see listed. It is used to incentive … Huobi Tokens: Brief History The first Huobi Token was launched in China in early 2018. Huobi Exchange Review 2021. Finding The Best ZCash Mining Pools: What You Need To Know, What are SAFT Agreements? These tokens are then allocated to the Huobi Investor Protection Fund. Since China’s ban on cryptocurrency in 2017, the markets experienced very low user activity and the future of cryptocurrency was being questioned. RISK DISCLAIMER: This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading such instruments. So, when it’s about investing in these digital currencies, it’s …