Huobi Token (HT) is a decentralized digital asset that operates on the Huobi Global ecosystem. It serves as the native cryptocurrency of the Huobi exchange, one of the largest and most influential cryptocurrency exchanges worldwide. HT was launched in 2018 and runs on the Ethereum blockchain utilizing the ERC-20 standard.
As a utility token, HT offers various benefits to its holders within the Huobi ecosystem. Users can utilize HT to pay for trading fees, participate in token sales, vote on exchange decisions, access premium features, and enjoy other exclusive privileges. Huobi also periodically conducts token burn events to reduce the circulating supply of HT, thereby potentially increasing its value.
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