HuobiToken Price

HuobiToken (HT) is a decentralized cryptocurrency that operates on the Ethereum blockchain as an ERC-20 token. Currently ranked 759 in the crypto market, HT serves as the native utility token for the HTX ecosystem (formerly Huobi Global). With a price of $0.1991 and a 24-hour change of +20.12%, HT has established itself as a significant player in the centralized exchange token category. The token has multiple utilities including trading fee discounts, platform governance participation, and access to exclusive token sales. HT has a maximum supply of 500M HT tokens, with 159.4M HT currently in circulation. The token's market capitalization stands at $31.73M, representing 31.88% of its fully diluted valuation of $99.55M. Since its launch in February 2018, HT has integrated with both Ethereum and Near Protocol ecosystems, enhancing its cross-chain functionality and utility across multiple blockchain platforms.

HuobiToken was created on February 3, 2018. It was launched as a native token for one of the leading cryptocurrency exchanges at that time. HuobiToken operates on the Ethereum blockchain as an ERC-20 token and was designed to provide users with various benefits within its ecosystem, including reduced trading fees and participation in platform governance. Since its creation, HuobiToken has evolved to support multiple use cases in the broader cryptocurrency ecosystem.

HuobiToken was founded by Leon Li, who established the platform in 2018. As the founder and CEO of the parent company behind HuobiToken, Leon Li created HT as the native utility token for the exchange ecosystem. The token was designed to provide users with benefits such as trading fee discounts, loyalty rewards, and governance participation within the platform. Since its launch, HT has evolved to support multiple blockchain networks including Ethereum and Near Protocol, functioning as a versatile token in the cryptocurrency ecosystem.

HuobiToken (HT) works as a utility token on the HuobiToken exchange platform, operating on the Ethereum blockchain as an ERC-20 token. The token provides multiple benefits to users: 1. Trading Fee Discounts: Holders receive discounts on trading fees when using HT to pay for transactions. 2. Platform Governance: HT holders can participate in voting on platform decisions and proposals. 3. Token Burns: Regular token burning mechanisms help control supply and potentially support token value. 4. Staking Rewards: Users can stake HT to earn passive income through the platform's reward system. With a maximum supply of 500M HT tokens, HT has a current price of $0.1991 and a market cap of $31.73M. The token's utility extends to premium services access, VIP status qualification, and liquidity provision in the ecosystem. The token's value is closely tied to the exchange's performance and user adoption.

HuobiToken operates on a dual-layer technical architecture. At its foundation, HT is an ERC-20 token built on the Ethereum blockchain, leveraging Ethereum's robust security and smart contract functionality. This architecture enables HT to benefit from Ethereum's established ecosystem while maintaining compatibility with various wallets and exchanges. Additionally, HT has expanded to the Near Protocol ecosystem, offering cross-chain functionality that enhances its utility and accessibility. The token employs a deflationary mechanism through regular token burns, which helps maintain value over time. With a maximum supply of 500M HT, HT utilizes a proof-of-stake consensus mechanism for transaction validation, offering energy efficiency compared to proof-of-work systems. The architecture includes built-in governance features that allow token holders to participate in protocol decisions, creating a decentralized governance structure that evolves with community needs.

HuobiToken has a promising future with a clear roadmap focused on ecosystem expansion and utility enhancement. As a centralized exchange token, HT aims to strengthen its position in the 2025-2026 period through several key initiatives: 1. Enhanced token utility across trading platforms with reduced fees for HT holders 2. Expansion into DeFi protocols and cross-chain functionality 3. Governance implementation allowing token holders to participate in ecosystem decisions 4. Strategic partnerships with blockchain projects to increase adoption With a maximum supply of 500M HT, HT is positioned to benefit from the growing exchange ecosystem. The development team plans to implement quarterly protocol upgrades and expand use cases beyond trading discounts to include staking rewards and participation in new project launches. By 2027, HT aims to be fully integrated with multiple blockchain networks, enhancing its interoperability and utility in the broader Web3 ecosystem.