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Huobi Token priceHT
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About Huobi Token(HT)
What is Huobi?
Huobi is a global cryptocurrency exchange founded in 2013 by Leon Li. Since its launch, Huobi has grown to become a major player in the digital asset financial services. The platform offers a comprehensive range of cryptocurrency trading options from spot trading to futures trading and more. Houbi is widely recognized as a reliable choice for both individual and institutional traders.
Resources
Official Website: https://www.huobi.com/
How Does Huobi Work?
Huobi operates similarly to other cryptocurrency exchanges. To get started, users create an account and complete the required Know Your Customer (KYC) checks. They can then deposit either cryptocurrency or fiat currency into their account. Once funded, users have the option to trade a variety of cryptocurrencies through direct exchanges or by using trading pairs.
Huobi places a high priority on security. It employs a distributed architecture and has an anti-DDoS protection system in place. Furthermore, 98% of the platform's digital assets are stored in multi-signature cold wallets to maximize security.
What is Huobi Token (HT)?
Huobi Token (HT) is the native cryptocurrency token of Huobi Global. Launched in January 2018, HT is an ERC-20 token that operates on the Ethereum blockchain. The introduction of HT serves multiple purposes including attracting new users and growing the platform. Owning HT provides several benefits.
For example, using HT grants users reduced trading fees. The token can also be used to purchase VIP status plans that offer additional transaction fee discounts. Additionally, HT holders have voting rights on exchange-related decisions, benefit from periodic token buybacks, and receive early access to special events. In essence, holding HT comes with various privileges within the Huobi ecosystem.
Which Factors Affect Huobi Token (HT) Price?
Several factors influence the price of HT:
- Reputation of Huobi: The value of HT is inherently linked to Huobi’s performance and reputation.
- Market Dynamics: Like all cryptocurrencies, supply and demand factors affect HT's price.
- Regulatory Environment: Regulatory decisions affecting either Huobi or the broader crypto market can impact HT's value.
- Huobi's Financial Performance: Huobi allocates 20% of its profits to a token buyback program, aimed at stabilizing HT's price.
- User Adoption: Increased adoption of Huobi and HT can lead to a rise in the token’s demand and, therefore, its value.
Huobi’s Impact on Finance
Huobi has played a pivotal role in shaping the digital asset financial services landscape. It has set a benchmark for a secure and reliable trading platform, offering a wide range of cryptocurrencies. The creation of its native token, HT, has also pioneered how exchange-based tokens can have multiple utilities, thus enriching the scope of cryptocurrencies in the financial sector.
Conclusion
Huobi Token is a multi-functional asset within the Huobi ecosystem that offers users numerous benefits, including reduced transaction fees and a say in decision-making processes. Its value is influenced by a range of factors, such as Huobi’s overall performance and reputation. With robust security measures and innovative approaches to digital asset management, Huobi continues to make a substantial impact on the cryptocurrency financial world.
Huobi Token price performance in USD
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HT to local currency
Crypto calculatorHow to buy Huobi Token(HT)
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Trade HT perpetual futures
After having successfully signed up on Bitget and purchased USDT or HT tokens, you can start trading derivatives, including HT futures and margin trading to increase your income.
The current price of HT is $0.2793, with a 24h price change of -36.24%. Traders can profit by either going long or short onHT futures.
Join HT copy trading by following elite traders.
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Huobi Token Social Data
In the last 24 hours, the social media sentiment score for Huobi Token was 4, and the social media sentiment towards Huobi Token price trend was Bullish. The overall Huobi Token social media score was 41, which ranks 338 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Huobi Token being mentioned with a frequency ratio of 0.01%, ranking 569 among all cryptocurrencies.
In the last 24 hours, there were a total of 341 unique users discussing Huobi Token, with a total of Huobi Token mentions of 78. However, compared to the previous 24-hour period, the number of unique users increase by 2%, and the total number of mentions has decrease by 8%.
On Twitter, there were a total of 1 tweets mentioning Huobi Token in the last 24 hours. Among them, 100% are bullish on Huobi Token, 0% are bearish on Huobi Token, and 0% are neutral on Huobi Token.
On Reddit, there were 6 posts mentioning Huobi Token in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 45% .
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