When will Huobi circulate?
When will Huobi circulate? According to official news, when will Huobi circulate
When will Huobi circulate? According to official news, when will Huobi circulate? According to the “Announcement on the Buyback and Destruction of HT on Huobi Global”, Huobi had no substantial income or asset flow to the market before March 15, 2019.
Huobi has the following explanations:
1. How does Huobi achieve repurchase and destruction? If Huobi holds all assets including but not limited to Bitcoin (BTC), Ethereum (ETH), EOS, LTC and other mainstream currencies, as well as the highest market value tokens.
2. When users purchase a corresponding quantity of HT, Huobi will repurchase it at a certain ratio and use it for liquidity pool mining or trading platform business, that is, sell HT at the price and gain repurchase income.
Specifically, when it comes to circulation, Huobi will only use a part of its circulating HT for repurchase and destruction, and the remaining HT will be used as cash reserves generated on the secondary market of Huobi Global in the future. This money will not be used by other investors, as most people can still use it for long-term investment purposes. (Huobi official website)
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