Huobi Global has announced that the Huobi Pool Token (HPT) has moved to the Huobi Main from Huobi NEXT. It has become the first token to complete the migration from NEXT to Mainnet.
A big welcome to $HPT as the first token to move from Huobi NEXT to Huobi Main!
— HuobiGlobal (@HuobiGlobal) June 3, 2019
Huobi Pool Token is an Ethereum based cryptocurrency, which was launched in March. It is the native token of Huobi Mining Pool, which facilitates a one-stop shop, where miners can withdraw, deposit and trade they’re earning on the Huobi Exchange or Huobi OTC services.
Huobi NEXT, previously known as HADAX, is a part of Huobi Global, which allows users to vote for their favorite projects. It was launched with a vision to support promising blockchain projects across the globe. Huobi NEXT constantly optimizes standards and listing rules, while taking efforts in exploring community-based operations. In its official release, Huobi stated,
Huobi Next adopts community-based voting rules for projects endorsed by professional, institutional investors. It is the first choice for innovative blockchain projects that have great potential.
At the time of launch on the mainnet, Huobi gave a 50% off on HPT to 9,330 users of the platform. Huobi Global is a Singapore based digital asset trading ecosystem. It is one of the crypto exchanges in the United States and is focused on security and privacy.