Huobi Token (HT)

Huobi token (HT) is the token created by Huobi cryptocurrency exchange. The value of the token depends on the performance of the exchange and other factors like coin supply and the internal factors within the Huobi ecosystem. The benefit of holding the Huobi Token is the ability to participate in Huobi autonomous Digital Asset Exchange (HADAX) which is a hybrid exchange allowing its users to vote on the coins that they like to see listed. The voting requires the Huobi Tokens. The exchange then conducts a minimal audit, and investment firms such as Draper and ZhenFund perform due diligence to make sure that the projects meet the quality standards and are compliant with regulations. Users are able to get their favorite projects listed on the exchange, and in addition they also receive free coins if the project gets listed. Huobi is not the first exchange to list its token; there are many other exchanges like Binance (BNB), Bibox (BIX), KuCoin(KCS) and COSS which have issues their own tokens. Huobi Token is receiving 25% of market cap in daily volume. As Huobi is a South Korean exchange, most of its users are from Asia. Europeans and North and South Americans are not aware that Huobi even has a token. If the exchange increases its marketing, it can further raise its adoption level.
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