Huobi Global is one of the worlds’ leading digital asset exchanges where you can trade over 100 different trading pairs. Huobi has its own exchange token, called Huobi Token, which you can trade on various exchanges like, Huobi Global, HADAX and Bibox.
Airdrop
Huobi Global recently announced it will be airdropping Huobi Pool Tokens to Huobi Token holders. They actually started already on the 25th of August. Each day Huobi takes a snapshot of the Huobi Token blockchain and supplies their token holders with the daily airdrop of Huobi Pool Tokens. Users receive Huobi Pool Tokens pro-rata. Important to know is that Huobi Token Holders need to keep their tokens in their Huobi Exchange wallet in order to be eligible for the airdrop of Huobi Pool Tokens.
Another digital asset exchange that shares the same parent company as Huobi Global, called Huobi Autonomous Digital Asset Exchange (HADAX) and is focused on user participation, recently had a community coin vote, where people could use Huobi Tokens to vote for their favorite project to be listed on HADAX. Huobi Pool Token was chosen the winner of the vote with a total amount of votes that exceeded 10 times the projected total votes. According to sources Huobi Pool Token will be listed on HADAX very soon.
Huobi Pool Token
After they get listed on HADAX, you can trade Huobi Pool Tokens (HPT) against HT, BTC or ETH.
Dividend
By being airdropped an amount of Huobi Pool tokens daily you will actually earn dividend for holding Huobi Tokens.
Huobi Pool Token Supply
Huobi issues a total amount of 10,000,000,000 HPT, of which 20% will go towards the airdrop to Huobi Token holders. Over time 2,000,000,000 HPT will be airdropped to Huobi Token holders. 40% of the tokens will be awarded to Huobi Pool miners.
HADAX community vote
Recently Huobi Pool Token participated in the HADAX community coin vote. HADAX has been upgraded to HADAX 2.0 and in the process they improved upon their previous community coin voting system. The voting round on the new HADAX 2.0 system has recently concluded. Huobi Pool Token won the vote, with over 10 times more the projected amount of votes.
My personal opinion on whether or not it is worth buying and holding Huobi Tokens
The initial low supply of Huobi Pool Tokens (HPT) hitting the market can potentially see a surge in price, depending on amount of unmet demand. This is however very dependent on the overall market conditions that are not that great for the cryptocurrency industry at this moment, unfortunately. Besides getting airdropped HPT, as a Huobi Token holder you will have other additional benefits.
Other benefits for Huobi Token holders.
Being airdropped Huobi Pool Tokens isn’t the only way Huobi Token holders benefit. Additional benefits to holding Huobi Tokens are:
➡️ Transaction fees discount by applying for a VIP Program
➡️ Liquidity protection
➡️ Use HT to pay for OTC security deposit and become a certified OTC merchant
➡️ Aidrop of newly listed token to Huobi Token holders
➡️ Popular trading pairs available to trade Huobi Token
➡️ Huobi Token holders can take part in important decision making processes like choosing the Huobi chain leader, voting for a new token listing and so on.
➡️ Full disclosure: This article is not intended as investment advice. It is just my personal opinion about Huobi Token. You should always do your own research. Huobi Global rewards me for writing this article and supports me for ventilating my own personal opinion.
If you do not have a Huobi Global or HADAX trading account yet, you can use this link to register.
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