Huobi Pool issues Huobi Pool Token; 2 billion tokens to be airdropped to HT holders

Huobi Pool, Huobi Group’s mining pool entity today issued its Huobi Pool Tokens (HPT), the first sub-token in the Huobi Token (HT) ecosystem. A total of about 10 billion HPTs will be issued with HT holders eligible for about 2 billion HPTs in airdrops. Meanwhile, holders of tokens such as EOS, TRX, and ONT would also be eligible for HPT airdrops if they have a balance with the exchange.

Other ways in which users can earn HPT include:

– Voting for block producers in projects such as EOS, TRX, and ONT
– Contributing hash power to Huobi Pool when mining for BTC and/or BCH

Notably, Huobi announced that while HPT is the first sub-token issued by one of its business units, it will not be the last one to do so. HT holders can thus look forward to the introduction of more sub-tokens that would enable a more vibrant HT ecosystem.

Shortly after Huobi Pool issued its announcement, HT saw a bounce of about 18% to hit a high of 2.52 USDT. Profit taking has since seen the token give up some gains. At the time of writing, HT was trading at about 2.20 USDT or about 3.5% higher before the announcement was made.