28.56 million Huobi Token (HT) distributed in 32 seconds

SINGAPORE, Jan. 26, 2018 /PRNewswire/ -- The Huobi Token (Token Name/Symbol: HT), distributed for free with the purchase of Huobi 'Point Card' package, was officially launched on January 24. On the first day, 31.66 million HT were snagged in 2 minutes 26 seconds. The following day set a new record, at only 1 minute 40 seconds for the 29.99 million HT to be distributed.

On the third day, users' enthusiasm continued to soar, with 28.56 million HT, snagged in just 32 seconds, setting another record high. Many users who successfully received HT from the purchase of the 'Point Card' package, shared their excitement over social networks.

HT is limited to a total amount of 500 million tokens, of which 60 percent will be given away to users who purchase Point Package across 15 days starting from the official launch date on January 24, and ending February 7.  

The amount of the HT given away per Point Card package decreases each day across 15 days

A quick study of buying patterns of the Huobi Point Card package over the last 3 days, has seen large volume of users logged in simultaneously moments before the 'Point Card' package is available for purchase at exactly 10AM GMT+8. The influx of traffic paralyzed the Huobi servers on the first day. Since then, more resources were deployed to better manage this traffic frenzy.

Rich application scenarios of HT

• Transaction Fee Discount - Users can use HT to purchase VIP membership at a discount to enjoy a lower transaction service fee.
• Liquidity Protection - Every quarter, Huobi Pro repurchases a certain portion of HTs on the open market. All the repurchased HTs will be held in the Huobi User Protection Fund.
• Cash deposit - HT can be used as cash deposit for users who seek to become a certified fiat currency trading merchant. These users will enjoy a higher ranking and dedicated one-on-one customer service.
• Hold HT to receive air drop - HT holders will receive coins newly launched on Huobi from time to time.
• Trade against Popular Coins with High liquidity - Starting from February 1, HTs can be traded in HT/USDT, HT/BTC and HT/ETH pairs.
• Let Your Voice Be Heard - HT holders' level of support is an important factor that informs our token listing decisions.

SOURCE Huobi Technology PTE. LTD.