Huobi Token
Crypto Overview
Overview
Huobi Token (HT) is the native cryptocurrency of the Huobi Global cryptocurrency exchange. Launched in 2018, HT serves as a utility token within the Huobi ecosystem, providing users with trading fee discounts, platform governance rights, and access to exclusive features.
Intended Utility
The primary intended purposes of HT include: platform governance participation, trading fee discounts on Huobi Global, access to new token listings through Huobi Prime, and collateral for margin trading.
Actual Utility Assessment
The token demonstrates significant real-world adoption within the Huobi ecosystem. On-chain data shows active usage for its intended purposes, particularly for trading fee discounts and governance participation. The token maintains consistent trading volume and user engagement metrics.
Token Distribution and Governance
Huobi implements a buy-back and burn mechanism to maintain token value. While initial token distribution favored the founding team and early investors, vesting schedules and lock-up periods were implemented to prevent market manipulation. The project maintains transparent reporting of token burns and circulation.
Technical Development
The development team actively maintains and updates the token's infrastructure. Recent developments include integration with HECO Chain (Huobi ECO Chain) and expansion of utility features. The project demonstrates ongoing technical progress rather than purely marketing-focused activities.
Crypto Impact
To assign a comfort level investing in Huobi Token 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 Huobi Token.
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.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.