What is Huobi Token (HT)?
Huobi Token (HT) serves as the native utility token for Huobi Global, a leading cryptocurrency exchange established in 2013. With today's price at $0.2183 and a circulating supply of 159.41 million HT, this ERC-20 token powers Huobi's ecosystem with functions including:
- Trading fee discounts (up to 50% reduction)
- Participation in Huobi Prime launchpad projects
- Voting rights for exchange governance decisions
- Staking rewards and airdrop eligibility
HT Tokenomics and Historical Context
Supply Structure
| Total Supply | Circulating Supply | Max Supply | Burned to Date |
|---|---|---|---|
| 500M HT | 159.41M HT | 500M HT | 292.649M HT |
Founded by former Oracle engineer Leon Li, Huobi launched HT in 2018 through an innovative "point card" distribution system where:
- 60% of tokens were allocated to service prepayments
- 40% reserved for operations, team incentives, and user rewards
The platform introduced monthly token burns in 2019 to create deflationary pressure, removing over 292 million HT from circulation as of May 2022.
👉 Discover how token burns increase scarcity
Key Utility Features
HT provides multifaceted benefits within Huobi's ecosystem:
Fee Reduction Program
Tiered discounts based on HT holdings (30-day average):- 1,000 HT → 25% discount
- 5,000 HT → 50% discount
- Huobi Prime Access
Priority participation in curated token sales DeFi Integration
Serves as collateral on Huobi Eco Chain for:- Lending protocols
- Liquidity mining
- Cross-chain swaps
Investor Protection
20% of exchange revenue funds a safeguard pool covering:- Cybersecurity incidents
- System failures
- Fraud compensation
Competitive Advantages
HT competes directly with exchange tokens like BNB through:
- Lower entry thresholds for fee benefits
- Transparent burn mechanisms with verifiable blockchain records
- OTC merchant adoption across 20+ payment processors
👉 Compare exchange tokens side-by-side
Frequently Asked Questions
How does HT compare to BNB?
While both serve as native exchange tokens, HT offers more aggressive fee discounts at lower holding thresholds and includes unique OTC payment integrations.
What determines HT's price movement?
Key factors include:
- Huobi exchange trading volume
- Burn rate acceleration
- New ecosystem partnerships
- Broader crypto market trends
Can U.S. investors purchase HT?
Due to regulatory constraints, HT isn't available to U.S. residents through Huobi Global. International users can acquire it via spot trading pairs like HT/USDT.
How often does Huobi burn HT?
The exchange conducts monthly burns using 20% of revenue, with quarterly verifications published on-chain.
What's HT's staking APY?
Current yields range 5-12% depending on:
- Lock-up duration (30-365 days)
- Platform promotion periods
- Network congestion fees
Future Outlook
HT's roadmap focuses on:
- Expanding Huobi Eco Chain DeFi integrations
- Implementing cross-chain interoperability
- Growing merchant payment adoption
- Enhancing token burn transparency
With continued ecosystem development and strategic burns reducing circulating supply, HT remains positioned as a fundamental component of Huobi's exchange infrastructure.