Latest Huobi updates on March 28th

Huobi Global is excited to announce a series of updates and campaigns. On March 28th, Huobi Futures launched the 3rd Dominica Futures Contest with a 100 USDT futures trial bonus. On the same day, the WBT Airdrop Campaign was launched, which rewards users for subscribing $HT. In addition, Huobi is celebrating the birthday of @joinFIO by offering rewards for users. Huobi Trading Contest is also launched, with a prize pool of 8,000 USDT. On March 27th, Huobi PrimeEarn is going live with a 15% APY for deposits of USDT, USDD and ETH. On March 26th, Huobi delisted the $PEOPLE/USDT futures. Moreover, Huobi has signed a MOU with FireblocksHQ to help with blockchain products and crypto asset management. Finally, a GPT Giveaway is available until March 31st.

What is Huobi ?

Huobi Token (HT) is a cryptocurrency project that was launched by the Huobi Group in 2018. Based on Ethereum, HT is designed to serve as a medium of exchange, a store of value, and a utility token. As a utility token, HT provides holders with various benefits on the Huobi Global trading platform, such as reduced transaction fees and access to exclusive services.

Huobi Group is a global leader in blockchain services and asset management, providing users with a secure and reliable platform for digital asset trading. Huobi Global is the world’s leading cryptocurrency exchange, with over 200 trading pairs and more than 5 million users in over 130 countries.

Huobi Token is the native token of the Huobi Ecosystem and can be used for a range of services, such as trading fees discounts, access to VIP services, and exclusive promotions. It is also used to reward traders for their loyalty in the form of Huobi Rewards Points. The token is based on the Ethereum blockchain and is an ERC-20 compliant token, meaning it can be stored on any ERC-20 compatible wallet.

HT is designed to be a deflationary currency, with a maximum supply of 500 million tokens. Each quarter, Huobi will use 20% of its profits to buyback and burn HT tokens, thus reducing the total supply of HT and increasing its value.

The Huobi Token is a great way for users to get involved in the Huobi platform, with a wide range of benefits and rewards. Holding HT tokens provides users with access to exclusive services, reduced trading fees, and more. With its deflationary nature and commitment to buyback and burn tokens, the Huobi Token is an excellent way to take part in the Huobi ecosystem.

This article was published on 2023-01-28 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.