Huobi reveals $ 48.6 million in burnt tokens in June
LONDON, July 17, 2021 / PRNewswire / – Huobi Global, one of the world’s leading digital asset exchanges, today announced that it has burned 3.797 million Huobi Tokens (HT) worth approximately $ 48.6 million in June as part of Huobi’s symbolic burning plans.
According to HT’s latest monthly operating report, the average price of HT burned this time was around 12.80 USDT and it maintained a high deflationary trend like the previous months with the deflation rate reaching 1.58% in June. The number of HT holders also increased by around 3.65% from the previous month. From July 15, 2021, the total existing amount excluding tax is 224.65 million and the total amount of the broadcast is 177,799,000 excluding tax.
“HT’s greatest value support comes from the burning of each month. Along with tighter and more severe financial oversight of countries around the world, many blockchain companies have become slow in this recent market. Even in such circumstances, Huobi maintains resilient development in its global business and a relatively high token consumption amount in June, ”said Ciara Sun, vice president of Huobi Global Markets.
The monthly report also points out that Huobi has made great strides in many global companies. Two campaigns, UEFA EURO 2020 The Global Campaign and NFT Prophet Campaign also took place in June with users earning major USDT rewards. In addition, Huobi P2P Marketplace has added five new payment methods for Argentine Peso users to accelerate its globalization process.
Huobi Eco Chain (HECO), a decentralized and EVM-enabled public chain developed by Huobi, also entered the voting phase for its election as a global node in June. According to the official announcement, becoming a candidate for the HECO node requires a commitment of 5,000 HT, and the number of votes also anchors the amount of a voter’s stake HT. A total of nine nodes have been reported to have passed one million votes as of July 14th, which would further reduce the amount of HT traffic.
“The participation of institutions from all over the world also makes the election a more international and decentralized event. We have continued to give HT various application scenarios as we understand that this is a critical factor that the Most investors will judge when choosing an asset. I am sure this will increase the confidence of our HT holders and promote the long term development of HT ”, commented Ciara.