HT Operations Monthly Report (April 2022)
Dear Valued Users,
Greetings from Huobi! We thank you for your continuous support and trust in HT.
The HT progress report is provided for your reference.
Ⅰ. HT Data and Events Calendar
1. On HT Data
In April 2022, Huobi Global burnt 453,000 HT (about 4.148 million USDT), which was 24.17% less than that in March. As of May 15, 2022, the cumulative number of burnt HT reached 292.649 million.
The HT deflation rate of the month stood at 0.21%. Calculation Function: HT deflation rate = (453,000 HT burnt amount * (15%/20%)）/ previous period's total quantity in circulation 165.168 million HT
Existing Supply: 207,350,658 HT
Current Circulation Amount: 164,828,460 HT
Number of HT holders: increased 0.6% in April 2022
Note: Existing Supply = Current Circulation Amount + Total Locked Amount
For the burning mechanism of Huobi Global HT, please read:
Transaction Hash: 0x0715b7dd81c19d8f9619bee5cd12f12a9d0bac7666bcb4fd77884fa3d7564d50
2. Institutional Data
TokenInsight: Huobi Global’s turnover exceeded $54 billion in April 2022
According to the data by TokenInsight, the turnover of Huobi’s spot products in April exceeded US$54 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 launch of Newlisting on April 24, 2022, where we will gradually consolidate all our new online activities such as Candydrop, Primelist and other special campaigns. This allows our users to see all opportunities to earn new, free tokens in one single platform.
2. In April, Huobi Global listed the following tokens - XDEFI, DAO, AMP, ONIT, SPRT, CEEK, EGS, BRWL, XCN, NOIA, VISION, XCUR, STG, NPT, NYM, CEL, VEMP, DODO, CAW, FACE, MOOV, PRQ, VEMP, CEL, DODO, PLATO, T, MOOV, ELU, FITFI, DOSE, MU, VOXEL, BBF, HUNT, NUM, PRIMATE, BREED - covering infrastructure, Metaverse, NFT, DeFi, and dAPP assets.
3. PrimeList continued strongly in April with increased participation rates from our users. EGS drew more than 51,000 users while PLATO attracted over 71,000 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, with returns from the best performers ranging from 9.1x to 23.6x.
4. Huobi crypto loan: On April 20, cross margin trading was added for XCN/USDT, and isolated margin trading was added for AMP/USDT and XCN/USDT. On April 24, NYM/USDT was added to isolated margin trading.
5. From April 17 to 22, Huobi Futures held the Master Contest where participants could win 100,000 USDT from the prize pool.
6. In April, USDT-Margined Swaps were added with GST, BAL, RUNE, METIS, MTL, ZRX, ANC, EGLD, NYM, XCN, GLMR, EGS, and GMT. At present, Huobi USDT-Margined Swaps support a total of 142 tokens, while offering up to 200x leverage for BTC and ETH.
Ⅲ. Media Coverage
1. PR Newswire: Huobi Global Launches Grid Trading Bot on Its Mobile APP, Spurs Traders to Profit From Price Volatility
LONDON, April 2, 2022 -- Huobi Global, one of the world's leading global exchanges, has unveiled a trading bot on its Huobi Global mobile app that will enable investors to capitalize on price volatility in the cryptocurrency market. The trading bot allows users to place, buy, and sell orders at certain regular intervals above and below the price of a particular asset.
2. PR Newswire: Huobi Global Launches Funding Rate Arbitrage Product, Enables Traders to Gain Funding Fees with Lower Risk
LONDON, April 25, 2022 -- Huobi Global, one of the world's leading digital asset exchanges, announced the launch of a funding rate arbitrage product for perpetual swap trading, enabling traders to gain profits from high-yielding funding fees while optimizing their investment strategies. "Huobi Futures allows a smooth transition between spot and futures markets. By using the arbitrage strategies provided by our new product, perpetual swap traders can earn trading fees much more easily," said Du Jun, Co-Founder of Huobi. " Coupled with our sophisticated risk control system that can help reduce liquidation risk when users take highly leveraged positions, traders should have complete confidence trading on our platform."
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!
May 15, 2022
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Huobi Global reserves the right in its sole discretion to amend, change or cancel this announcement at any time and for any reasons without further 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 is risky. See this link for more details