The higher the hype, the greater the controversy.
On February 16, OKX founder Star Xu publicly announced on Twitter that the new OKBChain would launch in Q1, operating completely independently from the existing OKXChain. This news triggered a sustained rally for OKB, the exchange’s platform token, which peaked at $52.8—a historic high. Almost overnight, exchange platform tokens reclaimed the spotlight, sparking heated discussions across the crypto community.
Amid the buzz, skepticism persists. One trader quipped, "Envy those who bought OKB—BNB’s holding steady too. Meanwhile, my ‘ham’ (HT) investment’s looking sad." Though lighthearted, the remark underscores the disparity among the three major platform tokens, with HT’s market performance lagging behind. But could this actually signal an opportune moment to invest?
HT’s Latest Moves: Voting for Growth
Recently, Huobi unveiled results for its third PrimeVote listing event:
- 150+ projects applied, with 25 shortlisted for community voting.
- 21.99M HT were locked in voting, with TOMI securing the top spot (17.96M HT votes) and earning priority listing.
While the update seemed bullish, HT’s price dipped slightly post-announcement—raising questions. Is PrimeVote driving real value? What’s next for HT? Let’s dissect the trends.
PrimeVote’s Evolution: From Hype to HT Utility
World Cup Boom (2022):
- Football-themed tokens ($POR, $ARG) surged 50%+ post-listing.
- Focus: Market exposure and user participation.
Steady Gains (2023):
- Voters earned ~2.5% annualized yield in HT.
- Shift: Rewarding HT holders to boost retention.
Current Phase:
- Despite muted initial reaction, HT spiked 17% in 24 hours ($6.0066 at press time).
- Strategy: Deepening HT utility via community governance and ecosystem rewards.
Huobi’s fourth PrimeVote is now live—hinting at long-term HT-centric growth.
Dual Strategy: Voting + Niche Listings
If PrimeVote is Huobi’s "slow burn" to empower HT, its AI & Dominica listings are rapid-fire plays:
- AI Tokens: $GRT, $RLC, and $FET capitalized on ChatGPT hype.
- Dominica Coin (DMC): HT is the sole asset for purchasing this national token, potentially elevating demand.
HT’s Path Forward
- Community-driven listings build sustainable ecosystems.
- Niche sectors capture fleeting opportunities.
- Combined effect: A "consensus + dividends" approach to revive HT’s market momentum.
FAQs
Q: Why did OKB surge recently?
A: OKB’s rally followed OKBChain’s Q1 launch announcement, highlighting its independent utility.
Q: Is HT undervalued?
A: With locked voting yields and niche listings, HT’s utility is expanding—potentially positioning it for growth.
Q: What’s PrimeVote’s endgame?
A: To decentralize project selection while boosting HT’s real-world use cases, fostering long-term value.
👉 Discover how platform tokens like HT are reshaping crypto exchanges
The road ahead is long—but with HT’s evolving ecosystem, the next peak might be closer than we think.
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