What is Huobi?
Huobi Token (HT) is a proprietary cryptocurrency of the Huobi Global Exchange. It belongs to a group of cryptocurrencies often referred to as exchange tokens. Huobi Token was released and distributed to Huobi users in 2018 through a special giveaway scheme in which Huobi users received free tokens.
HT is an ERC-20 token whose technology runs on the Ethereum blockchain. It is a decentralized digital asset whose value is closely related to the level of popularity of the Huobi trading floor. HT owners can see their assets grow in value as Huobi's volume and market share increase. Although the practical benefits of HT are only available on the Huobi platform, the token can also be sold on other platforms, including hardware wallets.