Projects listed: 276 |
BTC Dominance: 51.97% | Volume (24h): $32,060,518,109 | Market Cap: $2,236,952,050,917
Huobi Token
HT
$0.48
Sector
CEX
Exchange Debut
2018-02-04
Market Cap
76,285,014
Maxim Supply
201,050,000
Circulating Supply
159,406,077
Circ. Supply(%)
79.29%
Huobi Token
HT
Price
$0.48
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
4522795
0.480236969023
0.463787978627
Change 24h
Change 7d
Change 30d
2.7138
1.5371
4.3756
Maxim supply
Circulating supply
Circulating supply(%)
201,050,000
159,406,077
79.29%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Huobi Token – HT cryptocurrency:
Huobi Token (HT) emerges as an innovative cryptocurrency project closely linked to the Huobi Global exchange, positioning itself as an indispensable asset for traders and crypto enthusiasts alike. Backed by a versatile utility, this decentralized ERC-20 token supports reduced transaction fees, voting rights, special event access, and more. With a commendable score of 7.19 out of 10 in our fundamental analysis of the Huobi Token – HT cryptocurrency, it illustrates potential and relevance in the dynamic crypto landscape.
SOCIAL & MASS MEDIA: Score 6.2 out of 10
A mixed bag in terms of community engagement. While Huobi Token garners high visibility and active administration on social media platforms, a noticeable lag in community participation is evident. The project enjoys widespread media attention, but the chat groups seem underpopulated, signaling room for improvement in community building.
AUDIT & SECURITY: Score 8.45 out of 10
In our fundamental analysis of the Huobi Token – HT cryptocurrency from a security standpoint, it shines with promising audit results, reflecting its commitment to user safety. However, a moderate score in transparency and liquidity indicates the need for enhanced clarity and ease of transactions on the exchange.
TOKENOMICS: Score 6.15 out of 10
The token’s economy is moderately robust. The presence of inflation cuts its score slightly, while its centralized nature boosts its rating, indicating controlled distribution and potential stability.
ECOSYSTEM DEVELOPMENT: Score 5.8 out of 10
The Huobi Token project’s ecosystem development appears to be progressing at a steady pace. The commitment to achieving set objectives and planning for new developments is commendable, though there’s potential for growth.
TEAM & DEVELOPERS: Score 7.6 out of 10
The backbone of Huobi Token – the team, exhibits expertise and experience. However, a slight dip in the score due to the number of developers suggests a possible expansion of the technical team could further propel the project.
PRODUCT & UTILITY: Score 8.8 out of 10
One of the strongest suits of Huobi Token is its undeniable utility. Its functionality within the ecosystem is well-conceptualized, offering a myriad of benefits to its holders.
PARTNERS & INVESTORS: Score 8.15 out of 10
The project’s partnerships and investor relationships are robust, underscoring its credibility. The quality of partners coupled with a significant investor base elevates its standing in the crypto world.
Fundamental analysis of the Huobi Token – HT cryptocurrency – The final conclusion
Diving deep into the fundamental analysis of the Huobi Token – HT cryptocurrency reveals a project of immense potential and a few areas needing attention. While the token’s utility, security measures, and partnerships are strong pillars, its community engagement and ecosystem development might need bolstering. From an investment standpoint, Huobi Token offers a blend of stability and growth, but as with all crypto ventures, potential investors should be cognizant of inherent risks and market fluctuations.
What is Huobi Token?
Huobi Token (HT) is the native token of Huobi Global, a major cryptocurrency exchange. This decentralized digital asset resides on the Ethereum blockchain, adhering to the ERC-20 standard. The value of HT is influenced by the Huobi exchange’s reputation, along with other factors.
Origins and Leadership
Launching in January 2018, the Huobi Token followed the introduction of a native token by competitor, Binance. Leon Li, a Tsinghua University graduate and former Oracle computer engineer, founded Huobi Group in 2013. Jun Du, co-founder of Huobi, previously worked at Tencent and Comsenz and holds significant positions in the blockchain sector. Joining the team in 2018, Herbert Rafael Sim, originally from Crypto Chain University, undertakes digital marketing and public relations responsibilities at Huobi.
Unique Aspects and Utility
HT offers varied utilities on the Huobi platform. One central use is availing trading commission reductions. Additionally, token holders can buy VIP-status plans, vote on exchange matters, and gain early event access. Huobi uses HT for its loyalty scheme, offering numerous discounts. Moreover, HT tokens provide voting rights for users on the Huobi Autonomous Digital Asset Exchange (HADAX). To manage HT’s value, Huobi allocates 20% of its profits for token buybacks.
Security Measures
Ensuring robust security, the Huobi ecosystem employs a distributed structure and anti-DDoS systems. Most of its assets, 98%, are stored in a multisig cold wallet. The “Don’t Be Evil” risk control system and the Security Reservation Mechanism, introduced in 2018, safeguard users’ assets. Additionally, the Investor Protection Fund was launched to protect HT holders against potential cryptocurrency trading risks.
- Latest analysis update: October 7, 2023
Huobi Token - HT performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
