HT Operations Monthly Report (September 2022)
Dear Huobi Global Users,
Greetings from Huobi Global! 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 September 2022, Huobi Global burned 411,000 HT (valued at about 1.863 million USDT), which was 1.23% less than that of August 2022. As of October 15, 2022, the number of burned HT combined has reached 295.509 million.
The HT deflation rate of the month is 0.19% Calculation Function: HT deflation rate = (411,000 HT burned amount * (15%/20%)）/ previous period's total quantity in circulation (162.992 million HT)
Existing Supply: 204,490,828 HT
Current Circulation Amount: 162,683,587 HT
Number of HT holders: increased -4.45% in Sept. 2022（Statistical structure adjustment）
Note: Existing Supply = Current Circulation Amount + Total Locked Amount
To better understand HT’s burning mechanism, please read:
Transaction Hash: 0xeeed0c8ae09591ac55c64d603d8fb197811e6fa12a2e539468e34dd7450bd5db
2. Institutional Data
TokenInsight: Huobi Global’s turnover exceeded $60.05 billion in September 2022
According to the data by TokenInsight, the turnover of Huobi Global’s spot and derivative products in September exceeded US$60.05 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 Global Business Updates
- Between September 5 and September 15, Huobi Global launched the event to celebrate ETH 2.0: Join Huobi Global Trading Contest and Share the 2,000,000 USDT Prize Pool.
- In September, Huobi Global listed the following cryptocurrencies - BABY, XNO, METIS, TON, USN, VINU, ERG, SKEB, MMF, IPV, SWEAT, ETHW, ETF, MPLX, EUROC, WBT, SYLO, SOUL, WAXL, INR, UNQ, DFX, BRISE, BITCI, ORBS, UFT, etc., as well as NFT, Layer2, MEME, public chain, creator platform, Metaverse, stablecoin, CEX, wallet, DeFi, GameFi, infrastructure, and DEX tokens.
- PrimeList continued strongly in September with increased participation rates from our users. We drew more than 7,000 users to our BABY event. Participants only need to meet daily average trading volume 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 September 23 to September 30, Huobi Futures rolled out the super trial bonus giveaway. New users who deposit funds into their USDT-margined accounts and trade futures stand to win up to $3,000 in trial bonuses.
Ⅲ. Media Coverage
PYMNTS: Huobi Global Teams With AstroPay for Latin American Fiat-to-Crypto Payments
Cryptocurrency exchange Huobi Global is partnering with online payment solution AstroPay to bring fiat-to-crypto payment services to Latin America, according to a press release on Tuesday (Sept. 20). “Latin America lays claim to a young and vibrant population brimming with enthusiasm for the crypto industry, and we have observed a significant increase in the number of new Huobi Global users from this region,” Huobi Global CFO Lily ZHANG said in the release.
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!
October 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 virtual asset, product, or promotion on Huobi Global. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.