Convert Huobi to Maker Price Calculator & ht vs. mkr Comparison

With the ever-fluctuating cryptocurrency market, keeping track of real-time prices between Huobi and Maker can be challenging. Our dedicated Huobi to Maker 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 ht vs. mkr. Stay ahead of the market and make informed decisions by accessing the most up-to-date data at your fingertips

1 Huobi (ht) == 0.0019238288887151 Maker (mkr).
Rate : 0.0019238288887151

Huobi (ht) Price: 2.46$
Maker (mkr) Price: 1278.7$

How much is 1 Huobi in Maker

1 Huobi is 0.0019238288887151 Maker.

Comparison and Review: Huobi Token (HT) vs. Maker (MKR)

Huobi Token (HT)

Huobi Token (HT) is a cryptocurrency launched by Huobi, one of the largest cryptocurrency exchanges in the world. It was created to reward exchange users for their loyalty by providing lowered transaction fees and carrying its own value in tradable pairs against popular currencies. The introduction of HT aimed to bring more value to Huobi's millions of users, primarily located in Asian countries. HT follows the footsteps of other loyalty-building tokens like Binance Coin (BNB) that have achieved success in the market.

Token Distribution

Huobi announced the launch of HT on January 22, 2018. The token distribution involved the allocation of 300 million HT (60% of the total supply) to pro users who purchased a discounted service package over the course of 15 days. The distribution followed a first come, first served scheme. Huobi emphasized that this distribution was not an initial coin offering (ICO), but rather users were buying a service package that included HT with discounted trading fees. This strategy was implemented to recover Huobi's user base after regulatory changes in China severely affected cryptocurrency trading volumes.

Token Performance

The HT token distribution started on January 24 and concluded on February 7, 2018. Each day, millions of tokens were sold out within minutes of being available for purchase. By the end of the distribution, 300 million HT had been distributed to Huobi Pro members. Currently, 60% of the total supply is in public circulation, while the remaining 40% is set aside for user rewards, platform operation, and team rewards. Huobi joined other exchanges like Binance, Bibox, KuCoin, and Coss in issuing its own token.

Maker (MKR)

Maker (MKR) is a smart contract platform and cryptocurrency that works alongside the Dai coin. It aims to act as a hedge currency, providing traders with a stable alternative to most other coins available in the market. Maker offers a transparent stablecoin system called Dai, which is fully inspectable on the Ethereum blockchain. Dai, launched in 2017, provides traders with more options when it comes to opening and closing positions, offering stability within the world of cryptocurrencies.

MKR Token

MKR is an ERC-20 token built on the Ethereum blockchain. It is not mineable but is created or destroyed in response to Dai price fluctuations to keep it hovering around $1 USD. MKR is used for paying transaction fees on the Maker system and collateralizing the system. MKR holders have voting rights within Maker's continuous approval voting system, which ensures a decentralized and democratic governance structure. The value of MKR is tied to the performance and governance of the entire system, incentivizing holders to vote for its integrity.

Stability and Use Case

Maker's Dai stablecoin provides stability by pegging its value to a specific fiat currency, such as the U.S. dollar. This stability makes Dai a suitable option for payments, savings, collateral, and facilitating trading within the crypto ecosystem. Unlike other cryptocurrencies like Bitcoin or Ethereum, Dai aims to eliminate volatility, making it more appealing for users who prefer stability in their digital assets.

Conclusion: Which One to Invest In?

Choosing which cryptocurrency to invest in depends on your investment goals, risk tolerance, and understanding of the respective projects. Both Huobi Token (HT) and Maker (MKR) offer unique features and have their own target audience.

HT provides loyalty rewards for users of the Huobi exchange and offers value as a tradable asset. It has performed well in terms of market cap and price change percentage. On the other hand, MKR plays a critical role within the MakerDAO ecosystem, providing stability to the Dai stablecoin and governance rights to its holders.

It's important to consider factors such as market trends, project adoption, team reputation, and industry partnerships when making investment decisions. Additionally, conducting thorough research and consulting with financial advisors can help you make an informed decision.

Ultimately, the decision of which token to invest in should align with your own investment strategy and objectives. It is recommended to diversify your portfolio and consider a mix of established cryptocurrencies, promising projects, and potentially high-growth assets.