HT Operations Monthly Report (October 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 October 2022, Huobi Global burned 244,339 HT (valued at about 1.537 million USDT), which was 17.52% less than that of September 2022. As of November 15, 2022, the number of burned HT combined has reached 295.754 million.
The HT deflation rate of the month is 0.11% Calculation Function: HT deflation rate = (244,339 HT burned amount * (15%/20%)）/ previous period's total quantity in circulation (162.684 million HT)
Existing Supply: 204,246,489 HT
Current Circulation Amount: 162,500,333 HT
Note: Existing Supply = Current Circulation Amount + Total Locked Amount
To better understand HT’s burning mechanism, please read:
Transaction Hash: 0x8de5e4bf01260eb259d83d58d4d6d42613b13f2584c0f39f35f4e6bf48d27607
2. Institutional Data
TokenInsight: Huobi Global’s turnover exceeded $49.2 billion in October 2022
According to the data by TokenInsight, the turnover of Huobi’s spot and derivative products in October exceeded US$49.2 billion.
(Note: The above data is independently published by a third-party research institution. Huobi Global is only citing third-party data and is not legally responsible for such information.)
Ⅱ. Business Development at Huobi Global
- Huobi Global launched a special event to celebrate the return of PrimePool on October 30, 2022: Lock HT to Share 400,000 USDD
- In October, Huobi Global listed the following cryptocurrencies - KRIPTO, MINE, FDT, ING, FANC, MCRT, HOOP, GVR, HAO, XEN, MBL, BXEN, SEAN, KICKS, APT, DIE, MLK, GMX, HTR, ITA, etc., as well as MEME, GameFi, DeFi, creator platform, X2E, mining, Fan Token, NFT, and public chain tokens.
- PrimeList continued strongly in October with increased participation rates from our users. We drew more than 7,000 users to our HAO 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 12 times.
- Huobi Futures launched a competition for Affiliates to win $200,000 and FIFA World Cup tickets between September 30 and October 31.
- In October, USDT-margined perpetual futures added APT. As of October, Huobi USDT-Margined Perpetuals support a total of 177 trading pairs, while offering up to 200x leverage for BTC and ETH.
Ⅲ. Media Coverage
CoinDesk: Huobi Token Surges 75% as Tron Founder Justin Sun Calls for Empowering the Exchange Token
The Huobi token rose to a four-month high of $7.60 on October 13. The token has decoupled from the broader market, seemingly on optimism that it will play a central role in a plan to revitalize the Huobi exchange. "We know that the key to revitalizing Huobi is to empower HT, and HT can only thrive on Huobi," Tron's founder Justin Sun tweeted, announcing his membership on Huobi's global advisory board. "In the future, there will be many big moves around HT, including brand upgrade, heavy empowerment, and business cooperation."
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!
November 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.