HT Operations Monthly Report (August 2022)
- HT Special Zone
Dear Huobi Global Users,
Greetings from Huobi! We thank you for your continuous support and trust in HT.
The HT progress report is provided here for your reference.
Ⅰ. HT Data and Events Calendar
1. On HT Data
In August 2022, Huobi Global burned 412,000 HT (about 1.886 million USDT), which was 44.8% less than that of July. As of September 15, 2022, the number of burned HT combined has reached 295.098 million.
The HT deflation rate of the month is 0.19%.
Calculation Function: HT deflation rate = (412,000 HT burned amount * (15%/20%)）/ previous period's total quantity in circulation 163.301 million HT
Existing Supply: 204,901,652 HT
Current Circulation Amount: 162,991,705 HT
Number of HT holders: increased 0.32% in Aug. 2022
Note: Existing Supply = Current Circulation Amount + Total Locked Amount
To better understand HT’s burning mechanism, please read:
Huobi Global’s Announcement on the Results of Community Poll on Optimizing HT Burning Mechanism (see link)
Huobi Global’s Announcement on Continuing Monthly Burning of HT (see link)
Transaction Hash: da4c80b5ea9f601257a9f2e22e39a7c678a8a089c956127bdb8a4be607d8642e
2. Institutional Data
TokenInsight: Huobi Global’s turnover exceeded $66 billion in August 2022
According to the data by TokenInsight, the turnover of Huobi’s spot and derivative products in August exceeded US$66 billion.
(Note: The above data is independently published by a third-party research institution. Huobi Global is only citing the third-party data and is not legally responsible for such information.)
Ⅱ. Huobi Business Updates
- BETWEEN AUGUST 17 AND AUGUST 24, HUOBI GLOBAL HELD THE OLAND EVENT AND OFFERED A GRAND PRIZE POOL OF 100,000 USDT!
- In August, Huobi Global listed the following cryptocurrencies - PROM, MCG, SPS, KOK, FIO, LOVELY, TAO, VVS, DEXE, HYPE, PBR, STC, ORC, RYOMA, NODL, SPUME, XPNT, BLD, ZCX, DC and more, covering meme, GameFi, DeFi, infrastructure, cross-chain bridge, NFTs, and public chain assets.
- PrimeList continued strongly in August with increased participation rates from our users. We drew more than 7,000 users to our BABY event. Participants only need to meet the total asset balance requirements within the specified time to automatically qualify for the events. Returns from the activity also increased steadily, with a maximum increase of 3 times.
- From August 16 to August 29, Huobi Futures launched the PrimeBox Futures Carnival. Participants stand to win Tesla Model Y, iPhone 14 Pro Max, and other physical and cash rewards in our event.
- As of August, Huobi USDT-Margined Perpetuals support a total of 138 tokens, while offering up to 200x leverage for BTC and ETH.
Ⅲ. Media Coverage
1. Cointelegraph: Huobi gets green light as exchange provider in Australia
Crypto exchange Huobi can begin offering cryptocurrency exchange services in Australia after its registration as a digital currency exchange provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC) in August.
Determined to embrace the global community with a more open and inclusive heart, HT is adopting English as the official language in its bulletin-board publications going forward to reach out to more users.
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Until next month, cheers!
September 15, 2022
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Huobi Global reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi Global makes no recommendations or guarantees in respect of any digital asset, product, or promotion on Huobi Global. Prices of digital assets are highly volatile and trading digital assets involves risk. Please read our Risk Reminder text here.