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SoSo Daily Jun. 18 | SoSoValue Launches High-Performance Trading Chain SoDEX Testnet, Whitelist Now Open
SoSo Daily Jun. 18 | SoSoValue Launches High-Performance Trading Chain SoDEX Testnet, Whitelist Now Open
SoSo Daily Jun. 18 | SoSoValue Launches High-Performance Trading Chain SoDEX Testnet, Whitelist Now Open
SoSo Daily Jun. 18 | SoSoValue Launches High-Performance Trading Chain SoDEX Testnet, Whitelist Now Open
SoSo Daily Jun. 18 | SoSoValue Launches High-Performance Trading Chain SoDEX Testnet, Whitelist Now Open
SoSo Daily Jun. 18 | SoSoValue Launches High-Performance Trading Chain SoDEX Testnet, Whitelist Now Open
SoSo Daily Jun. 18 | SoSoValue Launches High-Performance Trading Chain SoDEX Testnet, Whitelist Now Open
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Huobi
More Detail
$0.21
-10.41%
Total dollar volume24H
$125,774
High24H
0.25 USDT
Low24H
0.21 USDT
Market Cap
#538$33,475,276
FDV
$42,220,500
Market Cap / FDV Ratio
0.79
Turnover rate
0.38%
Circulating supply
159,406,077
Total supply
201,050,000
Max supply
201,050,000
All time high
39.929 USDT
All time high date
May 12, 2021
Down from All time high
-99.47%
Cycle low
0.21 USDT
Cycle low date
Jun 18, 2025
Up from cycle low
0.00%
Contracts
Ethereum:0x6f...a161
Official links
Website
White paper
Socials
Twitter
Telegram
Reddit
Introduction

Huobi, the third-largest cryptocurrency exchange in the world, recently announced and launched a new currency. The Huobi Token (HT) rewards exchange users for their loyalty with lowered transaction fees while also carrying its own value in tradable pairs against popular currencies. The hope was to bring greater value to Huobi’s millions of users, mostly located in Asian countries. The launch of the Huobi Token follows in the footsteps of other loyalty-building tokens that other exchanges have launched. The first and most successful of these tokens has been Binance Coin (BNB). The creation of BNB secured Binance’s place as the world’s leading exchange. It offered discounted trading fees in exchange for customer loyalty, primarily functioning as a loyalty rewards system.


Huobi officially announced its intentions to launch a new token on January 22, 2018. Over the course of 15 days, Huobi would distribute 300 million HT (60% of the total supply) to its pro users who purchased a discounted service package. Each morning, a new batch of HT would become available on a first come, first served basis. Huobi declared this token distribution scheme, “not an ICO,” due to the nature of the offering. Users are buying a specific service package, part of which includes HT that give a discount toward trading fees. The exchange launched the Huobi Token as part of an overall strategy to recover its user base after tightening regulations in China severely restricted cryptocurrency trading. In an interview with CoinDesk, Leon Li, Huobi’s founder, revealed that Chinese rule changes had decimated the trading volume on Huobi by 95% between September 15 and November 1, 2017.


The HT token distribution began on January 24 and wrapped up on February 7, 2018. Each day of the distribution, millions of tokens sold out in mere minutes after going on sale. At that point, 300 million HT had been distributed to Huobi Pro members who bought packages. That’s 60% of the total supply currently in public circulation. Another 200 million HT, 40% of the total supply, was set aside. 20% goes toward user rewards and platform operation. The other 20% is vested for four years and constitutes the team reward.

Above are only for introduction, not intended as investment advice.

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