Huobi Pool Token (HPT)

Huobi Pool Token (HPT) is a cryptocurrency token and the native asset of Huobi Pool, the world-renowned cryptocurrency mining and staking platform created by the Huobi Group, one of the world’s largest cryptocurrency exchanges. HPT was introduced in 2018 by Huobi Global and was later rolled out on Huobi Global, Huobi Korea, and Huobi Russia. HPT is an ERC20 token based on the Ethereum blockchain, and is the primary currency for transactions within the Huobi Pool ecosystem. Huobi Pool, at the time of writing, is the seventh-largest cryptocurrency mining pool in the world and controls 1.2 percent of global hashrate. HPT was founded by the Huobi Group in 2018. The Huobi Group is one of the world’s largest cryptocurrency exchanges, with a trading history of over $150 billion. Aside from the Huobi Pool Token, the Huobi Group also operates Huobi.com, Huobi Autonomous Digital Asset Exchange (HADAX), Huobi Global, and Huobi Korea. What Makes HPT Unique? HPT is unique in that it allows users to benefit from the Huobi Pool’s mining activities. Every time someone mines a block using the Huobi Pool, they will receive a mining reward, which is partially paid out in HPT tokens. Additionally, HPT also works similarly to a utility token, allowing users to receive discounts on transaction fees when trading on the Huobi.com exchange. Where is HPT Used? HPT tokens are mainly used for two purposes: mining rewards and discounts. HPT tokens are used as part of the mining rewards for mining activities within the Huobi Pool. Every time someone mines a block, they will receive a mining reward, which is partially paid out in HPT tokens. Additionally, HPT tokens can also be used to receive discounts on transaction fees when trading on the Huobi.com exchange. Where to Buy/Sell HPT? HPT tokens can be bought or sold on a variety of different cryptocurrency exchanges, including but not limited to Huobi Global, Huobi Korea, Huobi Russia, CoinTiger, and CoinEx. Additionally, HPT tokens can also be bought or sold through a variety of peer-to-peer trading platforms. In conclusion, Huobi Pool Token (HPT) is a cryptocurrency token and the native asset of Huobi Pool, the world-renowned cryptocurrency mining and staking platform created by the Huobi Group. HPT tokens are mainly used for two reasons: mining rewards and discounts. HPT tokens can be bought or sold on a variety of different cryptocurrency exchanges, as well as peer-to-peer trading platforms.