Can HECO Take HT to the Next Level? Huobi Launches HT Staking Campaign with High APY to Benefit HT Holders

Digital assets such as the well-known “Bitcoin” have been continued to be esteemed and recognized by Wall Street traditional investment institutions and public listed companies in recent years, making the development prospects of the digital asset industry much brighter than before. Having been at the top of the industry pyramid and carrying a large number of funds and users, digital asset exchanges have been and will continue to be the hub of capital flow.

With numerous business lines including exchanges, mining pools, crypto wallets, and investment and incubation, Huobi has continued to deploy and promote the development of the entire industry as a whole. To help strengthen these initiatives is Huobi’s native token, Huobi Token (HT), which is endowed with rich application scenarios and plays a supporting role of opening up the entire product business lines within Huobi.

The DeFi ecosystem, which is considered globally as a “new financial revolution”, has developed rapidly and within which, lies HECO Chain, a decentralized, EVM-compatible public blockchain, which has attracted a large number of DeFi players by virtue of its huge ecological advantages and attractive financial and wealth benefits. It has been reported in early June that there over 300 participants were registered in its mainnet node election, including professional institutions and large-scale companies. Many investors feel that this can take HT to another new level of development, giving it more application scenarios than just being a platform token.

At this point, a definite conclusion could be drawn from the latest HT monthly operation report, which pointed out that Huobi had burned 5.826 million HT valued at approximately US $138.579 million in May. According to the data released by Token Insight’s 2021 Q1 Spot Market Research Report, Huobi has ranked first among exchanges in the world with spot trading volume reaching US$100 billion during this period.

With a close connection to Huobi, one of the largest trading ecosystems in the world, and HECO, one of the most popular ecological blockchains in the industry, Huobi Token is expected to become the world’s largest blockchain ecological token that integrates technological development, decentralized applications, and trading. Kicking off at 12:00 June 21(UTC), the Huobi HT Staking campaign is welcomed for investors the moment it goes live. By locking HT for 7 days, users would be able to earn up to 20% APY.

The campaign has three rounds in total, and each participant is required to stake and lock-up no less than 1 HT but no greater than 2,000HT. The total amount that is available to stake is 200,000 HT. Tokens (HT) earned during the campaign will be unlocked and delivered to participants’ exchange account after the staking period ends. The staking time for each period is as below:

• Round 1: June 21, 2021 12:00 (UTC)-June 24, 2021 12:00 (UTC)
• Round 2: June 28, 2021 12:00 (UTC)-July 1, 2021 12:00 (UTC)
• Round 3: July 5, 2021, 12:00 (UTC)-July 8, 2021, 12:00 (UTC)

To join the campaign, users may login to Huobi, click “Finance” and tap “Huobi Earn” on the navigation menu to begin staking.