Huobi Token (HT) is a digital token developed by the Huobi Group, a digital currency trading platform established in 2013. It is an ERC20 token based on the Ethereum blockchain and is designed to be used as a utility token on the Huobi platform. Huobi Token (HT) is used to facilitate transactions, provide discounts on trading fees, and offer access to exclusive Huobi services.
The creation of Huobi Token (HT) was announced in January 2018 and the official launch took place in late February. HT is now the native token of Huobi and is used to provide users with access to special services and discounts on trading fees.
The Huobi Token (HT) is a utility token, meaning it is designed to be used as a tool within the Huobi trading platform. Huobi users can use HT to purchase services and products on the platform, as well as to pay for trading fees. In addition, holders of HT can receive discounts on trading fees when they use HT to pay for trading fees.
The Huobi Token (HT) has seen significant growth since its launch. The token reached an all-time high of $5.47 in January 2021, up from its initial launch price of $0.