- Mike Prasad and William Tong of the Huobi group attend Sir Richard Brandson’s retreat.
- The participation in the event shows Huobi’s commitment to Corporate Social Responsibility.
Huobi is the world’s third-largest cryptocurrency exchange by trading volume. The native token, Huobi Token, is a cryptocurrency that rewards exchange users for their loyalty by lowering transaction costs. It also has its value and may be traded in tradable pairs against major currencies.
The goal was to provide more value to Huobi’s millions of users, located in Asian countries. On January 22, 2018, Huobi formally revealed its intentions to introduce a new cryptocurrency coin. The cryptocurrency exchange Huobi planned to distribute 300 million HT (60 percent of the entire supply) for 15 days to its pro users who had purchased a discounted service package from it. HT would be made available on a first-come, first-served basis each morning as a new batch was made available. The fact that this is a token distribution mechanism rather than an initial coin offering (ICO) was noted by Huobi. Users purchase a specific service package, including HT, which reduces trading fees as part of the package.
Why the Richard Brandson’s Ocean Retreat 4.4?
Houbi took to its official Twitter page to announce that the Huobi group would be attending Sir Richard Brandson’s Ocean 4.4 on Necker Island a few hours ago. The Oceans 4.4 retreat, hosted by Sir Richard Branson, was intended to raise awareness of the water concerns that are afflicting the world and the work of startups and change-makers to combat these issues. A variety of innovators will share their solutions for ocean conservation and climate change during the retreat’s duration.
— Huobi (@HuobiGlobal) October 22, 2021
“As we continue to grow our business presence around the world, we are taking an increasing interest in the communities we operate in. Furthering social impact initiatives will be one of Huobi’s key goals going forward, and we will look to work with like-minded stakeholders that share our values”-Jeff Mei, Director of Global Strategy at Huobi Group.
The above statement reflects Huobi’s interests in Corporate Social Responsibility.
The future expectation with Huobi
Huobi Global burned 3.00 million HT (about 38.881 million USDT) in September 2021, an increase of 11.60 percent compared to the same month the previous year. Combined, the number of HT burned has reached 283.390 million as of November 15, 2021. 1.29 percent is the deflation rate for September in high-tech. The total amount of HT circulated in aggregate is 216,609,505 HT. The current amount of HT in circulation is 171,772,596 HT. The number of HT holders increased by 3.50 percent in September compared to the previous month.
At the time of writing this article, Houbi Token presently trades at $10.09 and has risen by 8.58% in the last 24 hours. It has a live market capitalization of $2,521,290,015,160 and a 24-hour trading volume of $109,407,388,226. It is currently ranked #71 according to Coin Market Cap.