On April 24, Huobi Group announced that it will airdrop a total of one million PORTAL coins into Huobi Token users’ accounts based on their holding amounts at the time when PORTALs are listed on Huobi Autonomous Digital Asset Exchange (HADAX).
Jumping by almost 300% after being listed, PORTAL is a digital cryptocurrency issued by Portal, a startup aiming to build a virtual reality ecosystem on blockchain. Calculated on the real-time price of PORTAL on HADAX against USDT, the total airdrop amount equals to 52,600 USDT.
Airdrop is one of the most important benefits provided to its users who are loyal to Huobi Token (HT). HT holders will find their Huobi asset accounts frequently receive a few new tokens listed on HADAX. Statistically, Huobi has airdropped for 10 times, with airdrop amount added up to 4,520,000 USDT.
It has been three months since Huobi gave away its 300 million HTs for free on January 24th. As a blockbuster focused by millions of cryptocurrency users, HT is in fact a kind of loyalty-point system based on blockchain, aiming to attract and reward users of Huobi Pro, one of the leading digital assets exchanges. In addition to airdrop, HT has several unique usage characteristics to distinguish itself from other rewards or points.
- VIP transaction fee: If you order VIP on Huobi Pro in HTs, you get discounts of transaction fees.
- HADAX Voting: HT holders can vote to decide HADAX token listing affairs.
- Repurchasing Scheme: Each season Huobi repurchases HTs on open markets, puts into Huobi User Protection Fund.
- HADAX Collaterals: HADAX Applicants are required to pay security deposits as collaterals, and the deposits will consume HT points.
Meanwhile, this operator established a Global Ecosystem Fund to support optimal promising startups, invest upstream suppliers and downstream customers in the industry, aiming to build a healthier and stronger blockchain ecosystem.
Huobi has also launched some partnership plans like Super Voting Nodes (investment organizations to make professional reviews) and Global Elites (partners to expand global business for Huobi) to encourage locking up HT points to enhance its rarity. It also opened its own Mining Pool which may widen the acceptance of HTs. Till now, The aggregate HTs locked up have made up as high as 23% of total supply.