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Price
$4.46
9/30/2022, 9:09:15 PM
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Keep an eye on Huobi Token

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Market

Market stats

Market cap

$683.3M

Volume (24h)

$12.5M

Circulating supply

153.4M HT

All time high

$39.81

Price change (1h)

0%

Price change (24h)

-0.21%

Price change (7d)

-1.06%

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Huobi Token is on the decline this week.

The price of Huobi Token has fallen by 1.06% in the past 7 days. The price declined by 0.21% in the last 24 hours. In just the past hour, the price shrunk by 0.00%. The current price is $4.456226 per HT. Huobi Token is 88.81% below the all time high of $39.81.

The current circulating supply is 153,357,694.254 HT.

About

Resources

What Is Huobi Token (HT)?

Huobi Token is a cryptocurrency belonging to the Huobi Group organization. According to the website of the asset, the Huobi Group is an organization that seeks to provide "internet of value" (IoV) service to people worldwide. The term internet of value signifies a framework where values can be exchanged like information using the internet to benefit users. Further, as per the website, the organization operates in the digital economy sector with the mission to improve blockchain technology in order to integrate it with different industries. This mission has pushed the organization to develop innovative core technology for blockchain that can provide security, efficiency, and protection to users and industries worldwide.

Further, with the introduction of this innovative core technology, Huobi Group has also been able to scale the downstream and upstream sectors. The term downstream and upstream signifies a mechanism to evaluate the output of industry against the input of resources. This application, in turn, has allowed the organization to diversify its service range into the industrial, public chain, trading, digital wallet, digital asset, research, blockchain, etc. services, thus allowing the organization to create a digital economy ecosystem that can add value to industries and users worldwide.

This ecosystem of Huobi Group consists of many products and services that industries and users can use for value creation. As per the website, one such service-oriented product launched by the organization is Huobi Global. Huobi Global is a crypto exchange platform that facilitates trading, staking, loaning, and other services usually available on any exchange. Besides these services, the platform also aims to provide users with:

  • Growth opportunity against their ventures

  • High security from bad actors, hackers, etc.

  • Ease of accessibility 

  • A low fee structure for trading and other activities on the platform

  • A 24/7 open marketplace for trading

  • Opportunity to access global market for trading and other purposes

  • Opportunity to explore the constant growth of the crypto industry

  • Opportunity to diversify the risk of the financial portfolio

  • Complete privacy for all operations carried out on the platform

These opportunities, in turn, facilitate users to participate and create value for themselves in the crypto markets within a safe and secured environment. Further to ensure these participation and engagement processes can be simplified on the Huobi Global platform, the Huobi Group launched its cryptocurrency, the Huobi Token (HT).

The HT is an ERC20token that functions as an ecological token for the Huobi Global platform, developed on Ethereum blockchain technology. According to the website, the token is an integral part of Huobi Global's ecosystem and fulfills many different utilities on the platform, i.e.,

  • to access services of the Huobi Global platform.

  • for trading on the platform

  • for making different types of corporate payments on the platform  

  • to reward token holders on the platform

  • for fueling the platform to carry out different operations

  • to pay fees on the platform

  • to place an ad on the platform

  • to participate in listing projects on the platform

  • to access and use the Huobi cloud

  • for availing discounts on the platform

Besides these use cases of the token from the long list of other possible usages, HT is also used to participate in the voting mechanism of the platform, thus reflecting the huge role the token plays in the maintenance, governance, and smooth operation of Huobi Global's ecosystem.

History of Huobi Token (HT)

The Huobi Group was founded by Leon Li (founder, chairman, and CEO) and Du Jun (cofounder) in September 2013. The organization launched its exchange platform, Huobi Global, in 2013, following the foundation of the organization. However, according to the smart contractaddress of the asset, the token of the platform was launched much later, on January 31, 2018. Further, the token has a maximum limited total supply of 500,000,000 HT.

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FAQ

What is the current price of Huobi Token?

The price of 1 Huobi Token currently costs $4.46.

What is the market cap of Huobi Token?

The current market cap of Huobi Token is $683.33M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Huobi Token?

The all-time high of Huobi Token is $39.81. This all-time high is highest price paid for Huobi Token since it was launched.

What is the 24 hour trading volume of Huobi Token?

Over the last 24 hours, the trading volume of Huobi Token is $12.49M.

What other assets are similar to Huobi Token?

Assets that have a similar market cap to Huobi Token include USDD, BitTorrent-New, Maker, and many others. To see a full list, see our comparable market cap assets.

How many Huobi Token are there?

The current circulating supply of Huobi Token is 153 million.

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