Huobi has a good reputation after becoming one of the most trusted cryptocurrency exchanges in the globe. This has driven it to issue its own native token, the Huobi Token (HT). This is a cryptocurrency with a twist and every big investor is looking for ways to have a piece of the pie.
Huobi Token (HT) did not go the Initial Coin Offering (ICO) way; instead a total of 300 million HT is to be issued to users to enable them buy “service fee packages” using the USDT a crypto that is pegged to the USD. With USDT, you can purchase HT via BTC, LTC, and ETC.
Why Choose Huobi Tokens (HT)?
With the perks tied to HT, it is a good investment since the platform allows investors to purchase a minimum of 100 Huobi Tokens. The bar could be high for small investors but the long term gains are unlimited. Secondly, the platform is focusing on serious investors to keep the token stable whilst offering liquidity.
With the recent crackdown on the domestic Chinese exchanges, the token have seen Huobi recover. According to the founder of Huobi Group, Leon Li, the shift to the over-the-counter model is seen to increase trading globally.
The closure of trading book service and the introduction of OTC model has seen a lot of volume growth. This, coupled with upfront fee collection has seen the value of HT skyrocket. This will enable users offset their trading fee when connecting with branch exchanges in Asia and the US.
Huobi Token (HT) Market Entry Model
Simply put, Huobi Token (HT) is now a coin-to-coin exchange and the launch of their Huobi wallet is a good show of their commitment to the investors on how secure the platform is. This is an Ethereum ERC20 and is making inroads into the Japanese and US markets.
What more, you can get your HT at the Huobi trading platform. This is paired with the USDT, ETH and BIT. You are also covered against volatility since the company will be buying its tokens back at the prevailing market price quarterly using part of its profits; you have nothing to lose.
With this value proposition, all the tokens bought back will be stored in a reserve or the Huobi Investor Reserve and available for public scrutiny. To cushion you further HT is limited to 500million tokens and over 50% is set for purchasing point cards and gifts.
Huobi (HT) Stability
Huobi is the right token for the investors moving huge amounts of digital coins. The more you trade the more discounts you get and this will cut down on the HT in circulation this increasing its value and stability in the marketplace.
By virtue of h0lding the Huobi Token, you will periodically receive coin airdrops. This is one of the easiest win for the systems since it allows you to HODL the token. There is no other token in the market that gives you high incentives than Huobi at the moment and this explains why the token value is growing steadily.
Huobi (HT) Price Snap Shot
With the Huobi Tokens shifting its value to the golden status soon, the price is already looking north. At the time of writing, the token is one of the best performing in the entire crypto market. If figures speak the truth, the token is almost surpassing is all time high it achieved in February.
The HT is trading at $2.68 with a noticeable growth of 15.41% against the dollar and 19.20% to the Bitcoin. The price is headed to breakout as indicated by the last 7 day performance in the charts. There is a lot of anticipation that the coin will hit the $3 threshold by end of Q2 and skyrocket towards a first time high of $5 by close of the year.
Huobi Token (HT) is among of the best Altcoins for investing now. The price will not go down anytime soon. What more, you cannot resist the discounts and support that the platform has on offer. With the ease of being listed on other major exchanges, this is the future of long term investment.