Huobi Token To Become HTX Token Under Justin Sun

Huobi Token (HT) is undergoing a transformative shift orchestrated by Justin Sun, marked by the transition from HT to HTX. 

The initiative, detailed in a recent press release, introduces various changes, including listing HTX DAO (HTX) and allowing HT holders to exchange their tokens voluntarily.

Redefining the Huobi Token Benefits

This strategic move aims to redefine the benefits structure and usher in a new era for the Huobi ecosystem.

The press release outlines the commencement of the conversion process, featuring the listing of HTX DAO (HTX) and an invitation for HT holders to participate voluntarily. Starting on January 22, 2024, users can seamlessly convert HT to HTX by logging into their HTX accounts. The conversion period extends until January 20, 2025, giving users a window of opportunity to transition.

Emphasizing that earlier conversions and additional assets will secure users a more favorable conversion rate, the announcement aligns with the increasing trend of decentralized autonomous organizations (DAOs) in cryptocurrency, promoting transparency and user governance.

Moreover, the conversion of HTX DAO from HT triggers a cascade of benefits for token holders. Effective February 2, 2024, the benefits structure for HTX holders will replace the existing benefits associated with HT.

Key changes include removing “Reduce spot/futures fees with HT Deduction” and introducing “Reduce fees with HTX Deduction.” This adjustment promises a 25% discount on spot trading fees, a 5% discount on futures trading fees, and a deduction of margin loan interest with HTX.

Huobi Token notes an increase in transaction activity over the past few days. This is likely due to the impending switch to HTX.

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