HT Operations Monthly Report (May 2022)
Dear Valued 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 May 2022, Huobi Global burned 635,000 HT (about 5.014 million USDT), which was 20.88% higher than that of April. As of June 15th, 2022, the number of burned HT combined has reached 293.284 million.
The HT deflation rate of the month is 0.29%. Calculation Function: HT deflation rate = (635,000 HT burned amount * (15%/20%)）/ previous period's total quantity in circulation 164.828 million HT
Existing Supply: 206,715,809 HT
Current Circulation Amount: 164,352,323 HT
Number of HT holders: increased 0.38% in May 2022
Note: Existing Supply = Current Circulation Amount + Total Locked Amount
For the burning mechanism of Huobi Global HT, please read:
Transaction Hash: 0x67821050e32ebac544e9b12456d4b42c3021bda1ab5964ba2c748ddc9902e235
2. Institutional Data
TokenInsight: Huobi Global’s turnover exceeded $127.34 billion in May 2022
According to the data by TokenInsight, the turnover sum of Huobi’s spot and derivative products in May exceeded US$127.34 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. Business Development at Huobi
1. Huobi Global announced the celebration of Bitcoin Pizza Day on May 19, 2022 -- Collect cards to win a share of our 50 BTC prize pool!
2. In May, Huobi Global listed the following public chains - SYS, BOSON, GAL, PLY, STRM, TOKE, LUNR, WNDR, AKT, ORBR, ADP, TINC, USDD, JUMBO, RETH, KLAY, VLX, SFUND, PLA, MCONTENT, MESA, TLOS, BRT, KCT, OCT, AQT, FACE, LUNA, EUR, GBP, BRL, RUB, UAH, BERRY, BWO, GHST, CUSD, etc., as well as dApps, infrastructure, DeFi, Web 3, GameFi, NFT, Metaverse, DAO and stablecoin assets.
3. PrimeList continued strongly in May with increased participation rates from our users. KCT drew more than 13,000 users. Participants only need to meet the daily average transaction volume requirements within the specified time of the activity to automatically qualify. Returns from the activity also increased steadily, with a maximum increase of 6 times.
4. From May 26 to June 6, Huobi Futures held the Contract Master Contest where participants could win 80,000 USDT from the prize pool.
5. In May, USDT-Margined Perpetuals were added with OP, FITFI, HT, and GAL. At present, Huobi USDT-Margined Perpetuals support a total of 150 tokens, while offering up to 200x leverage for BTC and ETH.
Ⅲ. Media Coverage
1. PR Newswire: Huobi Global co-hosts Blockchain Forum to spearhead Vietnam's Metaverse future
LONDON, May 27, 2022 /PRNewswire/ -- Huobi Global, the world's leading crypto exchange, officially announced its role as co-host of a blockchain industry forum alongside OneBlock Labs, in Vietnam on May 28. Titled "Metaverse in Asia - The Road to Web 3 and Metaverse", the forum will focus on the fine points of Vietnam's Web 3 and Metaverse future, with input from leading industry experts.
2. NewsDirect: Huobi Global Steps Up Latin America Presence with Bitex Acquisition
May 26, 2022 -- Huobi Global, one of the world's leading digital asset exchanges, announced the acquisition of Bitex, one of the first regional cryptocurrency exchanges in Latin America, as it moves to expand its footprint in the fast-growing region.
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!
June 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.