Huobi Token is a token built on the Ethereum network and issued by the Huobi cryptocurrency exchange. The token provides an array of benefits to users of the exchange, including discounts, voting rights, and access to exclusive events. Traders can use Huobi tokens to get “VIP membership” on the platform, with different tiers of membership offering ranges of fee discounts. The highest level, VIP 5, offers a 50 percent discount for 12,000 HT per month, with the highest level offering a 50% discount.
What is Huobi Token?
Huobi Token, or HT, is a token issued by the Huobi crypto exchange. The token offers benefits to users of the exchange, including discounts, voting rights, and access to exclusive events. Traders can use Huobi tokens to get VIP membership on the platform, with different tiers offering ranges of fee discounts.
At the time of this article here are the HT Token VIP Tiers:
|
VIP Tier |
Before Upgrading |
After Upgrading |
|
Normal |
0≤Huobi EXP＜5,000 |
0≤Huobi EXP＜4,000 |
|
Advanced |
5,000≤Huobi EXP＜10,000 |
4,000≤Huobi EXP＜7,000（NEW） |
|
Insider |
10,000≤Huobi EXP＜ 30,000 |
7,000≤Huobi EXP＜ 30,000（NEW） |
|
Premier |
30,000≤Huobi EXP＜150,000 |
30,000≤Huobi EXP＜150,000 |
|
Ambassador |
150,000≤Huobi EXP＜500,000 |
150,000≤Huobi EXP＜500,000 |
|
Partner |
Huobi EXP≥500,000 |
Huobi EXP≥500,000 |
How does Huobi Token work?
Traders can use Huobi Tokens as an incentive for other people to join the platform as well as accrue points that can be exchanged for prizes or cash rewards. The intention is to create a viral effect as those who receive free credits pass them on to others in their social circles.
What is HT used for?
Huobi Token (HT) is a cryptocurrency on Huobi Exchange platform that is used for a variety of things.
- Discount Trading Fees
- Access to exclusive events
- New products
- Market research
- Voting power
- Other Huboi service discounts
Conclusion
Huobi Token is a utility token that is used across the Huobi Eco-System. It is a decentralized cryptocurrency that is a native digital asset of the blockchain. Huobi Token can be used to pay transaction fees, while it can also be used for settlement. Huobi Token represents the rights of the token holder to use the Huobi trading platform and apply for HT tokens from Huobi Autonomous Digital Asset Exchange.
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