Huobi Global’s tokens proved popular among cryptocurrency holdersrnSingapore – Leading Global Blockchain Asset Service Provider, Huobi Global, launched its token, Huobi Token (Token Name/Symbol: HT) on 24 January 2018, Wednesday, 10AM GMT+8. Over 31-million tokens with the Point Cards that were released on the first day, were sold out in two minutes.
The Point Card and token was so popular that the Huobi.Pro network was clogged for a few moments during the launch. Such response shows the potential for a truly customer-focused rewards program among cryptocurrency holders.
Over 300-millions tokens will be distributed over 15-days, which started this morning. Huobi Token (HT) is not an initial coin offering (ICO). Users are distributed free tokens when they purchase ‘Point Card’ on Huobi Pro.
Point Card is Huobi’s pre-paid card for basic service charges. Points can be used for offsetting the trading fees.
Distribution method:
Huobi Global will only be distributing and strictly limiting to a fixed total of 500-million HT, never to be increased.
| % | Amount (HT) | Distribution |
| 60% | 300,000,000 | will be given as gifts with the purchase of Point Cards on Huobi Pro, over 15 days. |
| 20% | 100,000,000 | will be used for user rewards and platform operations. |
| 20% | 100,000,000 | will be used as team incentives. Tokens are locked for 4-years and 25-million tokens will be distributed each year. |
Exchange For Popular Coins:
Huobi Tokens (HT) can be exchanged to USDT, BTC and ETH in Huobi Pro.
Buyback method:
Each quarter, Huobi Pro will use 20% of its profits to buyback the Huobi Tokens in the open market. All the HT that were bought back will be allocated to Huobi Investor Protection Fund (HIPF) in a certain proportion. The HIPF is used to protect investors’ benefits and compensate for the losses by Huobi users when risks occur in the platform, to ensure market stability and protect the interests of investors.
For example if the quarterly profits of Huobi Pro is US$100-million, Huobi Pro will be using $20-million to buyback HT consecutively over a period of time.
Value of HT:
With the HT you can buy different grades of VIP membership, which provides you trading different fee discount percentage accordingly, up to 50%.
In the future, HT will be available for usage on Huobi Global Platforms such as Huobi Japan, Huobi Korea, and Huobi Wallet.
For more information about Huobi Global, Huobi Pro, and Huobi Token, visit https://www.huobi.pro.
ABOUT HUOBI GLOBAL
Subordinate to Huobi Global, Huobi.Pro is a creative digital asset exchange serving global traders. Huobi.Pro is devoted to exploring investment opportunities. Currently, we provide trade and investment service of nearly 10 digital assets. Our Headquarter is located in Singapore and is run by Huobi Global Team.
Huobi Global is the Leading Global Blockchain Asset Financial Service Provider. We have offered quality service for over millions of users from over 130 countries. Our independent service centers are located in many countries including Singapore, Korea, Hong Kong (China) and China Mainland. In terms of technology platform, product branch line, security risk management system, operation and customer service, Huobi Group and its sub-brands are at a world-leading level compared with global peers.
Moreover, Huobi has developed global service with sub-brands including Huobi Korea Digital Asset Exchange, Huobi China News & Research Platform, and Huobi Wallet Digital Asset Management.
Media Contact:
Herbert Sim
Digital Marketing
+65 9631 3125