HT is a blockchain-powered loyalty points system and the token of the realm of the Huobi Global ecosystem, you might call it “the BNB of Asia.” Having achieved a respectable top 50 CoinMarketCap ranking and token price, it’s accepted as payment by some businesses around the world via NOWPayments, a cryptocurrency payment processor.
Who accepts Huobi Token…
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Should you buy Huobi Token?
It’s an exchange token like Binance’s BNB and FTX’s FTT. Crypto exchanges are building out Defi platforms where these exchange tokens play a crucial role. Huobi is one of the largest exchanges by trading volume. If you’re a Defi ninja or are going to trade on the Huobi exchange it makes sense to hold HT as you’ll be rewarded with lower trading fees…
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HT has grown in value since its inception, hitting a high of $34 and then crashing to about $10 — so it’s not looking like a hodler’s coin. Isthiscoinascam.com gave it a score of 6.04/10, which is not great.
About Huobi Token (HT)
The Huobi juggernaut is very chummy with the Chinese Communist Party. You must appease the Chinese government and pass KYC to trade there. I’m very bearish on these crypto projects that must bend the knee to the whims of an evil totalitarian government.
HT is short for Huobi Token, which is the Huobi Global Ecological Token. · HT is a decentralized digital asset based on Ethereum, with a limited total supply of 500 M, issued by Huobi Group.
Digital currencies based on the blockchain technology have been developing by leaps and bounds ever since the birth of digital currencies. As almost all cryptocurrencies have to be generated through some form of consensus mechanism, mining has become the cornerstone of the entire cryptocurrency industry. Boosted by the phenomenal expansion of the industry, the mining pool business has also been growing rapidly, with the market size of the entire mining service exceeding US$ 2 billion by the end of the first quarter of 2018.
With the expansion of business came fierce competition. Spurred by the vigorous development of the cryptocurrency market, the mining models have been changing with each passing day, which brings opportunities for the mining pool sector as well as numerous challenges to the industry. Each mining pool is now faced with this question: how to bring more comprehensive business, more stable income, more considerate services and more reliable guarantee to various types of miners.
From the Huobi Pool Token (HPT) whitepaper