HT Operation Monthly Report (January 2021)

Dear users:

Thank you for your continuous support and trust to HT.

Today is 4th of Lunar January. Known as the day of the goat, it stands for an auspicious beginning of a new year. Good luck to all of our users and may everything beautiful and best be with you and your family. We have integrated HT related information for your review. 

 

I. Huobi Token Data and Events Calendar

1. Data of Huobi Token

In January, 2021, Huobi Global burnt 10.9702 million HT (about 58.1652 million USDT), which has increased by 116.2% compared to December, 2020. As of February 15, 2021, the number of burnt HT combined has reached 250,007,000 HT.

The HT deflation rate of the month is 4.01%. 【Calculation Function: HT inflation rate =(10.9702 million HT burnt amount * (15%/20%))/ previous period's total quantity in circulation 205,037,400 HT】

Aggregate HT Circulation Amount: 249,992,000 HT

Current HT Circulation Amount: 196,809,000 HT

HT month-on-month user growth: 7.88% higher than that in December, 2020

For more information about Huobi Global HT, click: https://www.huobitoken.com/

Please refer HT burning scheme of Huobi Global to the following:

The Results For HT Token Burn Program Community Vote

Announcement on the Continuation of “Monthly” Burn of HT

2. Events Calendar of Huobi Token

①As of February 5, 2021, the Huobi ECO Chain (Heco) has deployed 60 DApps, over 1.84 million non-zero addresses and $1.385 billion main assets locked. Heco now occupies 1st place among global public chains regarding locked main assets, active users, and development progress.

②As of February 5, 2021, Huobi Global has launched 15 new coin staking and 10 DeFi liquidity mining and have locked a total of 115 million HT and distributed $8.2 million worth of USDT to HT campaign participants.

3. Institutional Coverage

①TokenInsight: On February 3, TokenInsight data showed that the platform token rose by an average of 32% in January, the market value of HT reached $1.336 billion, an all time high, and the price of HT increased by 56.52% in January 2021.

②ChainsMap: On January 13, 2021, according to the on-chain data monitoring system of ChainsMap, Chains Guard Technology, there emerged a trend of bitcoin backflow for Huobi in December, tracking a monthly net inflow of over 10,000 bitcoins, which doubled from the previous month.

③TokenInsight: On January 21, TokenInsight released the 2020 Digital Asset Derivatives Exchange Industry Research Report. The annual trading volume of Huobi DM exceeded $2.24 trillion, which ranks first in the world.

 (Note: The above data is published independently by third-party research institutions, and Huobi Global only quotes third-party data, and Huobi Global is not legally accountable for the third-party data.)

 

II. Business Development of Huobi

1. Huobi Global has listed ten new assets including BADGER and MATIC in January 2021.

2. Musk interacted with Huobi Global on Twitter. On February 4, Tesla CEO Elon Musk released multiple tweets about DOGE. He first released a picture with the meaning of "to da moon", which was followed by a comment of Doge. Later, Musk interacted with the Dogecoin campaign on Huobi's official Twitter, saying “The most entertaining outcome is the most likely”.

3. On January 26, the “Wealth Management” sector of Huobi Global was upgraded. It now mainly includes Flexible Earnings and Fixed Earnings. In the Flexible Earnings sector, Huobi Earnings, a brand-new product was launched. The previous services like Savings, Locking and Mining, Pool Savings, and ETH2.0 will all be migrated to Huobi Earnings.

4. On Feb 3, Huobi Global launched Grid Trading on its website, and opened trading for BTC/USDT, ETH/USDT, and HT/USDT. This strategic tool will soon be supported on Huobi App.

5. In order to reduce the transaction costs for users, Huobi Futures has decided to temporarily extend the promotion period of USDT-margined swaps transaction fee to February 28, 2021 (GMT+8), allowing users to enjoy the most favorable rate in the industry.

 

III. Media Coverage

1. Xinhua News Agency: Du Jun: Blockchain is expected to become an “accelerator” for the transformation and upgrading of financial and other business formats

On February 3, Xinhua News Agency reported that nowadays more and more institutions are participating in and taking blockchain as an important breakthrough for independent innovation of core technologies. Industry experts believe that blockchain technology is expected to accelerate the transformation and upgrading of many business formats such as the financial industry, which will better serve the real economy. "Blockchain technology is of great significance to the development of traditional finance and the promotion of global digitalization." Du Jun, an industry expert and co-founder of Huobi, pointed out.

2. ChainDD: Huobi Global CEO Seven: Looking back after a few years, you may miss the era of violent burning of HT

According to a report by ChainDD on February 2, Huobi Global CEO Seven answered several questions which received much attention about HT in the community. He said that in 2021, HT is expected to usher in the best "golden cycle" in history, and market forces will accelerate the correction of the HT market price. We would like to congratulate the long-term HT supporters that things have finally worked out. But more importantly, we’d like to thank you for staying with us over the years.

3. PANews: Huobi Global was awarded the title of "The Most Popular Public Chain of the Year" and "The Public Chain with the Best Quoted Depth of the Year"

On January 21, Huobi Global was awarded the title of "The Most Popular Public Chain of the Year" and "The Public Chain with the Best Quoted Depth of the Year" in the PARTY (PANews’ Retrospect of The Year) event organized by PANews.

Thank you Huobi Fellows, see you next month. 

Huobi Global
February 15, 2021