What is the total supply of Huobi Tokens?
The total supply of Huobi Tokens (HT) is 500 million.
Of this, 300 million HT were issued in the initial token sale, and 200 million HT are held by Huobi Global as a reserve. The 300 million HT issued in the initial token sale are divided into two parts: 100 million HT are allocated to the Huobi Eco Fund, and 200 million HT are allocated to the public. The 200 million HT held by Huobi Global as a reserve will be used for various purposes such as ecosystem development, strategic investments, and market operations.
The reserve will also be used to incentivize users who participate in activities such as trading competitions and other promotional activities. Huobi Token is an ERC-20 token built on the Ethereum blockchain. It is used to pay for transaction fees on the Huobi Global exchange platform and can also be used to purchase VIP services on the platform.
