Huobi Token is the native token of the Huobi ecosystem. Huobi Group was founded in 2013 and has developed a range of products to encourage the use of cryptocurrencies and further blockchain technology. This includes the Huobi Global Exchange, wallet, digital economy research, blockchain, and more, as well as the Huobi Token.
The Huobi Token (HT) operates as an exchange token and as a blockchain-powered loyalty points system. It is an ERC-20 asset that was first distributed in 2018. It has a total supply of 500,000,000 HT. The number of tokens decreases every month due to Huobi’s burning mechanism.