HT Operations Monthly Report (June 2022)
Dear Valued Users,
Greetings from Huobi! 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 June 2022, Huobi Global burned 651,000 HT (about 3.873 million USDT), which was 22.76% less than that of May. As of July 15th, 2022, the number of burned HT combined has reached 293.935 million.
The HT deflation rate of the month is 0.3% Calculation Function: HT deflation rate = (651,000 HT burned amount * (15%/20%)）/ previous period's total quantity in circulation 164.352 million HT
Existing Supply: 206,064,614 HT
Current Circulation Amount: 163,863,927 HT
Number of HT holders: increased 0.56% in Jun. 2022
Note: Existing Supply = Current Circulation Amount + Total Locked Amount
For the burning mechanism of Huobi Global HT, please read:
Transaction Hash: 18232adf4572e139b3f8869379212e205b55a1fd0ac04c7b20cb672f510f8a32
2. Institutional Data
TokenInsight: Huobi Global’s turnover exceeded $101.56 billion in June 2022
According to the data by TokenInsight, the turnover of Huobi’s spot and derivative products in June exceeded US$101.56 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. On June 19, Huobi Global held the event PrimeBox X CUBE Carnival and offered 2,000,000 USDT as the Prize Pool!
2. In June, Huobi Global listed the following cryptocurrencies -OP, WMT, BP, EVER, WE, WWY, CUBE, HSF, SWAP, JOY, OLAND, ROUTE, SHIT, EGAME, COL, FOTA, SIGN, XDC, REVO, LDO, WLKN, WELL, EUL, MINA, STETH, CTC, FLZ, CRTS, DEP, DORA, KOI, QOM, etc., as well as dApps, public chains, NFTs, Metaverse, investment platforms, DeFi, GameFi, M2E, voting platforms and Web 3 tokens.
3. PrimeList continued strongly in June with increased participation rates from our users. WE drew more than 16,000 users, CUBE over 46,000 users, SIGN over 23,000 users, WLKN over 22,000 users, FLZ over 20,000 users and KOI over 18,000 users. Participants only need to meet the daily average transaction volume requirements within the specified time of the activity to automatically qualify for the events. Returns from the activity also increased steadily, with a maximum increase of 17 times.
4. From June 16 to June 29, Huobi Futures held the Derivatives Trading Contest where participants could win Luxury Coupe and iPhone 13 Pro, and grab a share from the 20,000 USDT prize pool.
5. Huobi Earn offers users flexible and fixed saving products of HT with 0.2% APY. In June, users have accumulatively obtained earnings worth 4.22 million USDT on Huobi Earn, of which 14,000 USDT are from HT products.
6. In June, USDT-Margined Perpetuals were added with CEL, ANT, UNFI, LUNA, and LUNC. At present, Huobi USDT-Margined Perpetuals support a total of 150 tokens, while offering up to 200x leverage for BTC and ETH.
Ⅲ. Media Coverage
1. zawya: Huobi Group obtains license in Dubai and registration on New Zealand's FSPR
June 18, 2022 UAE - Huobi Group, one of the world’s leading financial services provider specialising in cryptocurrency and its related products, obtained both a DIFC Innovation License in Dubai and registration on New Zealand's Financial Services Provider Register (FSPR). Both of these developments represent significant milestones in the group’s compliant growth.
2. cointelegraph: Huobi Global announces Cube investment as part of Web3 ecosystem strategy
JUN 10, 2022——Huobi Global, a world-leading cryptocurrency exchange and blockchain-solutions provider, announced its investment in Cube, a public chain that provides innovative infrastructure for Web3 and the metaverse. “Huobi Global has picked Cube as one of the public chains we will invest in under our Web3 development strategy. In the near future, we will continue to invest in more public chains, as we are optimistic about Web3 and are committed to improving its infrastructure,” said Lily Zhang, chief financial officer of Huobi Global.
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!
July 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 digital asset, product, or promotion on Huobi Global. Prices of digital assets are highly volatile and trading digital assets involves risk. Please read our Risk Reminder text here.