HTX

Halal Rating :
Comfortable
Last Price $0.0000023 Last updated:
Rank 3027
1D Change -4.45 %
Market Cap -
Circulating supply 0
Maximum supply 999,990,000,000,000

Crypto Overview

Categories
  • Centralized Exchange (CEX) Token
  • Ethereum Ecosystem
  • TRON Ecosystem
  • Tron20 Ecosystem

Overview

HTX (formerly known as Huobi Token) is the native token of the HTX Global cryptocurrency exchange. The token was rebranded from HT (Huobi Token) to HTX in 2023 as part of the exchange's global rebranding strategy.

Purpose and Utility

HTX token serves multiple utilities within the HTX ecosystem: It offers trading fee discounts on the HTX exchange, provides governance rights for platform decisions, and can be used for various ecosystem services. Token holders can participate in new project launches through the HTX Prime platform and receive certain privileges on the exchange.

Business Model Analysis

The business model primarily revolves around exchange operations and ecosystem development. The token's utility is directly tied to legitimate exchange operations and services. The core activities of trading and exchange operations are halal as they involve actual asset exchange and create real market utility.

Real-World Adoption

HTX has significant adoption within the HTX Global ecosystem, with active usage for trading fee discounts and platform governance. The token has maintained consistent utility despite the exchange's rebranding from Huobi to HTX.

Development Activity

The platform regularly updates its features and services, with active development focused on exchange infrastructure and security improvements. The development team maintains transparency in their operations and updates.

Token Distribution and Governance

The token has a transparent distribution model with regular token burns to manage supply. While the exchange maintains significant control over the token's governance, this is typical for centralized exchange tokens and doesn't impact its halal status.

Crypto Impact

To assign a comfort level investing in HTX from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to HTX.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

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