Comparison and Review: Huobi Token (HT) vs. Sui (SUI)

Huobi Token (HT)

Overview

Huobi Token (HT) is the native token of the Huobi cryptocurrency exchange. It rewards users for their loyalty by offering lowered transaction fees and can be traded against popular currencies. Huobi Token was launched with the goal of bringing greater value to Huobi's millions of users, primarily located in Asian countries.

Token Distribution

Huobi announced the distribution of 300 million HT tokens, which accounted for 60% of the total supply. These tokens were offered to pro users who purchased discounted service packages over a 15-day period. The token distribution scheme was not classified as an ICO but rather as part of a service package that included HT tokens.

Comparison to Binance Coin (BNB)

Huobi Token follows the footsteps of Binance Coin (BNB), which has been successful in building customer loyalty through discounted trading fees. BNB played a crucial role in securing Binance's position as the leading cryptocurrency exchange globally.

Sui (SUI)

Overview

Sui is a layer-1 blockchain platform optimized for low-latency blockchain transfers. It focuses on instant transaction finality and high-speed transaction throughput, making it suitable for on-chain use cases such as games, finance, and real-time applications. Sui utilizes Move, a Rust-based programming language, for writing smart contracts, ensuring fast and secure transaction executions.

Transaction Parallelization

Sui achieves horizontal scaling through a process called "transaction parallelization." This allows for parallel agreement across different, independent types of transactions. By organizing data as independent objects, Sui nodes validate transactions independently through a byzantine fault-tolerant proof-of-stake (PoS) consensus mechanism.

Comparison

Market Cap and Ranking

As of now, Huobi Token (HT) has a market cap ranking of 98, while Sui (SUI) has a market cap ranking of 94.

Price Performance

In the last 30 days, Huobi Token (HT) has experienced a price change percentage of 98 percent, indicating positive performance. On the other hand, Sui (SUI) has seen a price decrease of 19.27812 percent.

Categories and Use Cases

Huobi Token (HT) falls into categories such as Harmony Ecosystem, Ethereum Ecosystem, Centralized Exchange (CEX), and Exchange-based Tokens. It primarily serves as a loyalty rewards system for Huobi exchange users.

Sui (SUI) falls into categories such as Sui Ecosystem, Smart Contract Platform, and Layer 1 (L1). Its focus is on providing a platform for real-time applications, games, and finance.