LONDON, Jan. 17, 2022 /PRNewswire/ -- Huobi Global,
one of the world's leading digital asset exchanges, announced on January
15 that it burned 1.31 million Huobi Tokens (HTs) in
December 2021, valued at
approximately $12.68 million. From
Jan. 1, 2021 to Jan. 15, 2022, Huobi Global burned
approximately 290.174 million HT.
Token burning refers to the process of permanently removing
crypto tokens from circulation, which is often aimed at reducing a
token's supply. Huobi Global burns 15% of its revenue every month
and allocates another 5% of its total income to repurchase and burn
a portion of HT used for team incentives.
The aggregate HT circulation amount is 209.83 million HT, and
the current circulation amount is 166.69 million HT. HT holders saw
a 9.87% increase in growth in December
2021. According to institutional trading volume data
provided by TokenInsight, Huobi's total spot and derivatives
trading volume reached $246.6 billion
in December 2021.
Huobi Global Events
Huobi Global continued its Primelist events in December, with
three separate token listings: Decimated (DIO), Unbound Finance
(UNB), and GamesPad (GMPD). Huobi Primelist encourages users to
hold HT tokens for a short interval of time to become eligible for
access to these cutting-edge tokens, thereby supporting Huobi's
ecosystem. By using HT tokens as a connector, Huobi is aiming to
build an ecosystem where projects with aligned visions can develop
together and support each other.
More than 560,000 people participated in the UNB, GMPD, and DIO
Primelist events. The market capitalization of tokens listed
through Primelist have been steadily increasing showing continued
interest in these tokens.
In addition to three Primelist events, Huobi Global also
launched Prime Earn, a premium investment product under Huobi Earn
that provides traditional crypto investors with annualized
percentage returns as high as 15% for staking mainstream
tokens.
"We wrapped up 2021 with several exciting events for the
community, from new Primlists events to surprise Airdrops. We look
forward to continuing to provide exciting and engaging
opportunities for HT token holders throughout 2022," said
Jeff Mei, Director of Global
Strategy at Huobi Group.
About Huobi Group
As a world-leading company in the blockchain industry, Huobi
Group was founded in 2013 with a mission to make breakthroughs in
core blockchain technology and the integration of blockchain
technology to other industries. Huobi Group has expanded into
public blockchains, digital assets trading, wallets, mining pools,
proprietary investments, incubation, digital asset research, and
more. Huobi Group has established a global digital economy industry
ecosystem by investing in over 60 upstream and downstream companies
in the blockchain industry and has created holistic global digital
economy ecology.
For more information, please visit https://blog.hbg.com/.
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SOURCE Huobi