Convert Ethereum to Huobi Price Calculator & eth vs. ht Comparison

With the ever-fluctuating cryptocurrency market, keeping track of real-time prices between Ethereum and Huobi can be challenging. Our dedicated Ethereum to Huobi price converter & calculator makes this task seamless and straightforward. Whether you're an investor, trader, or crypto enthusiast, leverage our tool to get the latest conversion rates of eth vs. ht. Stay ahead of the market and make informed decisions by accessing the most up-to-date data at your fingertips

1 Ethereum (eth) == 722.10416666667 Huobi (ht).
Rate : 722.10416666667

Ethereum (eth) Price: 1733.05$
Huobi (ht) Price: 2.4$



How much is 1 Ethereum in Huobi

1 Ethereum is 722.10416666667 Huobi.



Comparing Ethereum (ETH) and Huobi Token (HT) in the Blockchain Space

Ethereum (ETH)

Ethereum is a prominent global, open-source platform for decentralized applications. It aims to create a world computer where developers can build applications in a decentralized manner, with all states and data being distributed and publicly accessible. Ethereum supports the concept of smart contracts, enabling developers to write code to program digital value. The platform has given rise to various decentralized applications (dapps), including tokens, non-fungible tokens, decentralized finance apps, lending protocols, and decentralized exchanges.

One important aspect of Ethereum transactions and smart contract executions is the requirement to pay a small fee called "Gas." Gas serves as the unit of measure for the computational effort needed for operations and smart contracts. Gas fees are paid in Ether (ETH), which is the native coin of the Ethereum blockchain. The price of gas can fluctuate depending on network demand.

Huobi Token (HT)

Huobi Token (HT) is a cryptocurrency token launched by Huobi, one of the largest cryptocurrency exchanges globally. It serves as a reward system for Huobi exchange users, offering lower transaction fees and carrying its own value in tradable pairs against popular currencies. The token was introduced with the aim of increasing value for Huobi's millions of users, particularly those located in Asian countries.

The launch of Huobi Token follows the success of loyalty-building tokens introduced by other exchanges, with Binance Coin (BNB) being a notable example. Huobi distributed 300 million HT (60% of the total supply) to its pro users who purchased a discounted service package over a 15-day period. Each morning, a new batch of HT became available on a first-come, first-served basis. The distribution scheme was positioned as "not an ICO," as users were buying a service package that included HT, providing discounts on trading fees. Huobi introduced the token as part of its strategy to recover its user base after regulatory changes in China significantly impacted cryptocurrency trading volumes on the exchange.

Huobi Token distribution took place from January 24 to February 7, 2018. The initial 300 million HT was distributed to Huobi Pro members, while an additional 200 million HT (40% of the total supply) was allocated for user rewards, platform operations, and team incentives.

Comparison

Ethereum and Huobi Token belong to different categories in the blockchain space. Ethereum is a globally recognized smart contract platform, while Huobi Token is an exchange-based token associated with Huobi, a centralized cryptocurrency exchange. However, both tokens contribute to the broader ecosystem and offer unique functionalities to their respective users.

Ethereum's main focus revolves around decentralized applications and the ability to execute smart contracts. It has established itself as a leading platform for developers looking to build decentralized solutions, ranging from tokens and decentralized finance protocols to various other applications.

Huobi Token, on the other hand, serves as a loyalty rewards system for Huobi exchange users. It provides benefits such as reduced transaction fees, creating an incentive for users to remain loyal to the platform. Similar to other exchange-based tokens, such as Binance Coin (BNB), Huobi Token aims to enhance the trading experience for users and increase user engagement.

While Ethereum operates on its own blockchain and is widely adopted across the blockchain ecosystem, Huobi Token operates as an ERC-20 token on the Ethereum platform. This means that Huobi Token utilizes the Ethereum blockchain for its transactions and smart contract execution.

Conclusion

In conclusion, Ethereum (ETH) and Huobi Token (HT) play distinct roles within the blockchain space. Ethereum stands as a renowned smart contract platform, facilitating the development and execution of decentralized applications. On the other hand, Huobi Token operates as a loyalty rewards system, incentivizing user engagement within the Huobi exchange ecosystem. Both tokens contribute to the growth and advancement of the blockchain industry, serving different purposes and catering to the needs of various user segments.