What IsHotbit Token (HTB)?

Hotbit Token (HTB) is a token, a cryptocurrency exchange, DeFi, and an asset-management network from the platform Hotbit. As per the website, Hotbit aims to emerge as a leading platform in the blockchain industry by employing a high liquidity model through an artificial intelligence (AI) based market maker. Hotbit aspires to deliver flexible, diverse, and secure exchange benefits to its users.

 Hotbit network seeks to offer various features for the users, such as:

• Cryptocurrency exchange for the exchange of different assets on the platform

• Hotbit mobile app or exchange for easy access and availability

• Crypto-asset management for users with a selected number of assets in the wallet for advice, management of crypto assets, etc. Hotbit has also developed a Blockchain Game Guild Alliance, enabling users to get rewards through its “play-to-earn”reward program. This alliance creates a new gamer-led employment strategy that gamers can earn while playing. Another essential feature of Hotbit is its GameFi section. Users can trade using Alien Worlds, Axie Infinity, Sanbox, and other popular blockchain game projects.

HTB is the native token of the platform and is an ERC-20 token. Hotbit plans to use HTB to operate the cryptocurrency exchange. Hotbit aims to employ an automatic repurchase algorithm for HTB, through which the network gets back all the tokens from the market. Hotbit also seeks to burn 50% of the retrieved HTB tokens.

Cryptocurrency burning is when a fraction of tokens is sent to a wallet with no private key to reduce availability and increase market value. The network plans to use 50% of HTB tokens left after burning to reward individuals and organizations contributing to the Hotbit ecosystem.

History of Hotbit (HTB)

The Hotbit platform was launched in 2017, and the first listing of the crypto-asset was in 2018. The core team members of the network operate from China, the USA, and Taiwan.