Huobi Token (HT) is the native token on the Huobi platform. The platform is comprised of a suite of exchange, investment, and technology offerings. Huobi offers two different digital asset trading platforms: Huobi Pro and HADAX. Huobi Pro is the primary exchange offering and is suitable for most consumer-level traders, while HADAX (Huobi Autonomous Digital Asset eXchange) has been created primarily for finance professionals. In contrast to the strict evaluation process employed by Huobi Pro, HADAX users vote to determine which assets become listed (and management does not opine on the suitability or riskiness of the assets). On the investment side, Huobi has both a blockchain-focused investment fund and an incubator program. In addition, Huobi has invested in a high-efficiency cryptocurrency mining platform and wallet product.
Huobi Tokens can be used to purchase various tiers of VIP status that provide automatic discounts to trading commissions. Stakers also have the exclusive ability to provide suggestions to Huobi Pro through surveys, attend certain HT exclusive events, and periodically receive “random” airdrops. Users can also make payments to the platform in HTs to vote in favor of new tokens to be hosted on HADAX. Huobi was founded in September 2013 in Beijing by Leon Li.