From January 24, 2018 to February 7, 2017 (all times in GMT+8), Huobi Pro will give away Huobi Tokens (HTs) as a benefit for the purchase of transaction fee packages. The sale of transaction fee packages begins at 10:00 each day and is subject to a daily quota.
HT/USDT, HT/BTC and HT/ETH trading pairs will be launched on Huobi Pro at 14:00 on February 1, 2018.
What are Huobi Tokens (HTs)?
Huobi Tokens, or HTs, are tokens powering Huobi’s blockchain-backed loyalty point system. HTs have a total supply of 500 million, all of which are given away to users for free: 60% (300 million) of HTs are distributed as a benefit for the purchase of transaction fee packages from January 24, 2018 to February 7, 2017; 20% (100 million) of HTs are reserved for user rewards and platform operation; and 20% (100 million) HTs are reserved as team incentive with a 4-year vesting schedule.
What is the value of Huobi Tokens?
1. Transaction Fee Discount: By purchasing different levels of VIP statuses using HTs, users can save up to 50% in transaction fees.
2. Liquidity Protection: Each season, Huobi Pro will buy HTs on the open market to ensure sufficient liquidity and protect user interests with 20% of Huobi Pro’s transaction fees earned during that season. HTs bought by Huobi Pro will be held in the Huobi User Protection Fund, and will be used to protect users’ interests and compensate for their losses in cases of emergency.
3. Exclusive Events for HT Holders: HT holders will enjoy exclusive events such as receiving tokens newly listed on Huobi Pro from time to time.
4. Trading Pairs: HTs can be traded in HT/USDT, HT/BTC and HT/ETH pairs.
5. Let Your Voice Be Heard: From time to time, HT holders have the exclusive opportunity to provide suggestions to Huobi Pro through surveys. For example, HT holders’ level of support will inform Huobi Pro’s token listing decisions as Huobi Pro applies its rigorous evaluation framework.
How to get Huobi Tokens (HTs)?
Get HTs for free by purchasing transaction fee packages
Users may purchase transaction fee packages, or “point cards,” to pre-pay for Huobi's transaction fees. A “point card” is similar to a pre-paid phone card, where 1 point can be used to pay for 1 USDT in fee. From January 24, 2018 to February 7, 2017, Huobi Pro will give away Huobi Tokens (HTs) as a benefit for the purchase of transaction fee packages.
Huobi Pro will not distribute HTs to, and will not honor any benefits associated with HTs for, users from jurisdictions (including, without limitation, the United States) where the give-away, distribution, buyback, use, redemption and trading of HTs may require any form of regulatory registration, approval, consent, or similar actions, or where HTs may be considered as securities or instruments subject to similar regulation.
Please stay tuned for more information.
January 22, 2018