Comparison and Review: Huobi Token (HT) vs Tether Gold (XAU₮)

Huobi Token (HT)

• Symbol: HT
• Name: Huobi
• Asset Platform: Ethereum
• Categories: Harmony Ecosystem, Ethereum Ecosystem, Centralized Exchange (CEX), Exchange-based Tokens
• Market Cap Rank: 98
• Price Change Percentage (30d): 98%

Huobi Token (HT) is the native token of the Huobi cryptocurrency exchange, the third-largest exchange in the world. It was launched to reward the exchange's users with lowered transaction fees and has its own value in tradable pairs against popular currencies. The goal of HT is to bring greater value to Huobi's millions of users, primarily located in Asian countries. Similar to Binance Coin (BNB), HT functions as a loyalty rewards system by offering discounted trading fees in exchange for customer loyalty.

Tether Gold (XAU₮)

• Symbol: XAU₮
• Name: Tether Gold
• Asset Platform: Ethereum
• Categories: Ethereum Ecosystem, Stablecoins, Tokenized Gold, Asset-backed Tokens
• Market Cap Rank: 85
• Price Change Percentage (30d): -4.06658%

Tether Gold (XAU₮) is a stablecoin that represents ownership of one troy fine ounce of physical gold on a specific gold bar. XAU₮ is available on both the Ethereum blockchain (ERC-20 token) and the TRON blockchain (TRC20 token). It offers the convenience of transferability to any on-chain address from the purchasers' Tether wallet. Tether Gold stands out among its competitors by providing zero custody fees and direct control over the physical gold storage, which is securely held in a vault in Switzerland with top-notch security measures.

Comparison

Asset Platform

Both HT and XAU₮ are based on the Ethereum platform, allowing for compatibility with various Ethereum-based applications and services.

Categories

HT falls under categories such as Harmony Ecosystem, Ethereum Ecosystem, Centralized Exchange (CEX), and Exchange-based Tokens. On the other hand, XAU₮ is categorized as part of the Ethereum Ecosystem, Stablecoins, Tokenized Gold, and Asset-backed Tokens.

Market Cap Rank

As of now, HT ranks at 98 in terms of market capitalization, while XAU₮ holds the 85th position.

Price Change (30d)

HT has experienced a significant 98% price change in the last 30 days, whereas XAU₮ has seen a decrease of -4.06658% in the same period.

Summary

Huobi Token (HT) serves as a loyalty rewards system for Huobi exchange users, offering discounted trading fees in exchange for customer loyalty. It aims to bring greater value to Huobi's user base.

Tether Gold (XAU₮), on the other hand, is a stablecoin backed by physical gold and provides the convenience of owning gold in digital form. It offers direct control over gold storage, zero custody fees, and high-security standards.

Both tokens have their unique features and serve different purposes. HT focuses on enhancing user loyalty within a cryptocurrency exchange, while XAU₮ offers a digital representation of physical gold. Investors and users should consider their specific needs and objectives before choosing which token to engage with.