HT Operation Monthly Report (October 2020)
Thanks to all users for your continued support and trust in HT. Huobi has always adhered to the principle of ‘Users First’ to fully ensure the safety of user assets.. Please review the following details about Huobi Token of the month.
I. Huobi Token Data and Events Calendar
1. Data of Huobi Token
The total number of HTs burnt in the month of October is 2,969,800 (about 13,554,700 USDT), which is 27.2% decrease than that of September, and the total number of HTs burnt in the month of November 15, 2020 is 226,080,500.
The circulating deflation rate for the month is about: 1.02 % (Note: circulating deflation rate = the total number of 2,969,800 HT dburnt in the current period * (15% / 20%) / 216,982,000 HT in circulation in the previous period).
Total Amount of Existing: 273,919,000 HT.
Total in circulation: 214,755,000 HT.
Number of HT users has increased by 2.2% in October.
For the HT burn rules of Huobi Global, please refer to:
2. Events Calendar of Huobi Token
① As of November 14, Huobi Global has launched 7 types of coin mining campaign, 6 types of DeFi liquidity mining campaign. 73 million worth of HT has participated in the campaigns and Huobi has distributed over 6.8 million worth of USDT reward to participants.
② Huobi Futures officially launched USDT-margined Swaps on October 26. As of November 14, Huobi USDT-margined Swaps has covered 15 major digital assets. The income of Huobi USDT-margined Swaps will also be included in the scope of HT burn. Please refer to the previous announcement for specific rules.
③ Huobi Chain is expected to launch in Q1 of 2021. The current technological progress is controllable, and the operation plan has been confirmed. Huobi Chain will start from actual needs, empower business and truly serve users.
3. Institutional Coverage
① BlockData: Huobi ranked first in the "October Digital Asset Exchange Business Ecological List"
BlockData released the "October Digital Asset Exchange Business Ecological List" on November 1, evaluating the current development of digital asset exchanges from five aspects including ecological layout, brand popularity, team composition, business performance and security capabilities, more than ten subdivision dimensions, and dozens of data indicators. Huobi ranked first on the list with a total score of 9.4 points.
② TokenInsight: The total trading volume of Huobi Futures in Q3 of 2020 is No. 1 in the world
On October 30, TokenInsight released the 2020 Q3 Digital Asset Derivatives Exchange Industry Research Report. The data showed that the total trading volume of Huobi Futures in Q3 of 2020 is the world's largest and has maintained the world's number one for three consecutive quarters.
(Note: The content of the above report was published independently by a third-party research institution, and Huobi Global Site only quotes part of the content, not fully endorses its views, please refer to the original report for the full report, Huobi Global Site does not bear any legal responsibility for the content of the report.)
II. Business Development of Huobi
1. Huobi Global has launched Filecoin (FIL) on October 15. More than 100+ mining machine manufacturers, ecological institutions, investors and industry practitioners joined the "Huobi FIL Carnival Month" to jointly build the Filecoin ecosystem.
2. From October until now, Huobi Pool has successively launched a variety of staking and mining activities, involving projects including FIL and HPT (double reward), ONE, LUNA, DOT, KSM (five times reward), NEAR and BTC (Coin-earning products).
3. The total number of participants of "Huobi ETP Prophet" reached 10,458, of which 910 were awarded. The maximum reward for Individuals reached 1749 USDT.
4. Huobi H- series assets have been launched seven mainstream assets of Ethereum digital assets, including HBTC, HBCH, HDOT, HFIL, HLTC and HXTZ, currently with a total market value of about $100 million. Among which HBTC has seamlessly linked DeFi market with several agreements, HFIL has been recommended by Filecoin Foundation and praised by the miner community.
5. Huobi Wallet released version 2.0 with DeFi as the core services. DeFi assets increased by 23.9%.
6. Alexander Pack, managing partner of Dragonfly Capital Partners, has formally joined Huobi Strategic Investment Department and acted as an investment consultant. Pack will work closely with Huobi investment team to find high-quality investment projects for Huobi worldwide.
III. Media Coverage
DU JUN: Huobi has always put the safety of user assets in the first place, and that the safety of user assets is of paramount importance.
On 3rd of November, co-founder Du Jun did an interview as a guest of AMA with ChinaNode. “The address of our cold wallet is open for a long time, and anyone can check the balance of assets in our cold wallet on the chain, which is the bottom line of Huobi and the basis for many users to trust the platform.”Du Jun said. In addition, he also told that the private key manager of our cold wallet is as many as 15 people.
Thank you Huobi Fellows, see you next month.
November 15, 2020