The post Huobi Burns 1.9 Million HT Tokens in Q2 2023! appeared first on Coinpedia Fintech News

Huobi has announced that it burned 1,950,555 of its HT tokens in the second quarter of 2023 as part of its burning mechanism. The move is part of Huobi’s effort to continuously improve the openness and transparency of HT burn. The company allocates 20% of its revenue to burn HT, which includes trading fees and interest on loans, among other revenue streams. The new mechanism will be upgraded to quarterly burning, with details disclosed to the public on a regular basis. Huobi’s HT empowerment plan has seen continuous growth with the support of the community, aligning itself with industry leaders to make its HT burning mechanism more transparent and refined.

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Filed under: Bitcoin - @ October 19, 2023 4:17 am