Latest Huobi updates on February 21st

HuobiGlobal, the cryptocurrency project, is proud to announce several new listings on their platform. On February 21st, they welcomed the listing of GNS and ALI, allowing users to open deposits and soon trading for both coins. Soon after, Huobi listed AGIX, SDAO and TCHN, offering spot trading for users. They also launched several contests, such as the Huobi Slogan Discord UGC Contest, the Huobi x WOOF Trading Contest and the Huobi X IGU Deposit Contest, with a total prize pool of $10,000 USDT. Moreover, Huobi announced they are applying for a crypto trading license in Hong Kong. Finally, they launched their PrimeEarn service, which offers up to 20% APY on deposits.

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.