HT Operation Monthly Report (March 2021)
Thank you for your continuous support and trust in HT. We have integrated HT-related information for February for your review.
I. Huobi Token Data and Events Calendar
1. Data of Huobi Token
In March 2021, Huobi Global burnt 4.722 million HT (about 67.61 million USDT), which is 3% lower than that in February. As of April 15th, 2021, the number of burnt HT combined has reached 260.115 million.
The HT deflation rate of the month is 1.83%. 【Calculation Function: HT inflation rate = (4.727 million HT burnt amount * (15%/20%)）/ previous period's total quantity in circulation 192.7707 million HT】
Aggregate HT Circulation Amount: 239,884,000 HT
Current HT Circulation Amount: 189,229,000 HT
HT holders growth compare to January: 12.1% higher than that in February.
Please refer HT burning scheme of Huobi Global to the following:
2. Huobi Token Activities of April
- As of April 12, Huobi Global has launched 18 new token mining campaigns and 5 Defi liquidity mining campaigns, with a cumulative 140 million total value locked and 64.84 million USDT worth of reward has been distributed to users who staked with HT.
- Huobi launched the RAI mining campaign in April. Users can participate in RAI token mining by staking HT in a flexible term at Huobi. As of today, users have staked 25.48 million HT in the campaign. 13.5 million USDT worth of RAI has been distributed as rewards. The distributed reward on STN token mining is about 12.5 million USDT.
3. Institutional Data
TokenInsight: On Feb. 10, blockchain research firm TokenInsight said in its "2020 Huobi Exchange Annual Summary" that in 2020, Huobi's total annual digital asset trading volume was $2,84.2713 billion, including $60.184 billion in spot, $224.075 billion in futures, and $123 million in options, which basically covered the common trading services in the digital asset market.
TokenInsight：Huobi's commission rebate program is very attractive
In a report Which exchange offers the best commission rebate released by blockchain research institution TokenInsight, the report mentioned that Huobi's rebate period is up to 24 months, and the invitee can enjoy the commission bonus for a longer period. Huobi requires a high level of marketing ability from the futures trading participants. However, Huobi's rebate mechanism has a significant commission advantage compared to its peers, both in terms of rebate duration and rebate percentage.
(Note: The above data is published independently by third-party research institutions, and Huobi Global only quotes third-party data. Huobi Global is not legally responsible for the third-party data.)
II Business Development at Huobi
1. In March 2021, Huobi Global listed 4 NFT and Polkadot projects, including ENJ, RNDR, AXS, and STN;
2. On March 10, Huobi Global launched the NFT trading campaign. The first batch of projects included FLOW, CHZ, MANA, CHR, SAND, WAXP, and MATIC, users can check out the Huobi Global APP home page and get access to the NFT trading area.
3. On March 13, Huobi Global launched the "VIP Phase II" campaign to give users easier access to trading with VIP discounted through asset deposits.
4. On March 15, Huobi Global launched a discount package for point cards, which users can redeem for point cards and enjoy low fee rates down to 0.07% to 0.09%.
5. Huobi Global launched FIS, SNX, and RNDR flexible token mining campaigns on March 24th, 25th, and 29th respectively.
6. Huobi Global launched a time-limited MDX Mining campaign on March 26th.
7. On March 28th, Huobi Global launched the FIL trading contest campaign.
8. Huobi Global officially launched the Grid Trading App version on March 30, and users can enjoy 0 commission trading from March 30 to April 30 with the Grid Trading strategy.
9. As of March 30th, Huobi USDT-based perpetual swaps have supported 80 varieties of tokens, 51 coin-based perpetual swaps, and 13 delivery contracts, covering popular assets classes such as NFT, Layer2, Defi, Polkadot, and storage.
III Media Coverage
CNR: Huobi Japan CEO: Digital assets have become one of the new infrastructures to promote economic and social development
China Stocks: Du Jun, Co-founder of Huobi comments on the main reasons for Bitcoin’s breakthrough on ATH. Huobi co-founder Du Jun told China Stocks that the main reasons for Bitcoin breaking out of its historical highs are as follows: First, the passage of the U.S. economic stimulus bill has defused investors' concerns about a tightening monetary environment. Second, the concern and recognition of Bitcoin among large listed companies in the U.S. stock market is gradually increasing. Microstrategy, a U.S software company continues to buy in Bitcoin. Third, individual investors are becoming more willing to buy.
Economic Information Daily: Blockchain is expected to promote broader development of the digital economy
Huobi co-founder Du Jun believes that, as a key industry for the development of the digital economy era, blockchain's distributed ledger technology has main advantages.
ChainDD: Huobi Launches 2021 Marketing Recruitment Programme
According to the official announcement, Huobi announced the official launch of its 2021 Marketing Recruitment Programme. This program seeks to connect with opinion leaders, community owners, and partners who believe in blockchain.
Dear users, we'll see you next month.
April 15th, 2021