To reward consistent users of a crypto exchange, there is hardly a more fitting way than a utility token, and many chose to go with it: from Binance to Huobi Global. Huobi Token (HT) gives the crypto exchange's users exclusive access to IEO fundraisers, the right to vote for initiatives on the exchange's future, and provides a discount on trading fees. OTC trading and corporate payments also utilize HT.
Huobi also employs a buyback and burn program for its token. HT's inflation is kept in check with periodic supply burns in proportion to Huobi's revenue.
Huobi Token is supported on the Ethereum blockchain as an ERC20 token, and the proprietary Huobi Chain. On the latter, it acts as the sole native utility token, enabling transactions with assets such as HBTC and HUSD. Select providers outside of the Huobi family of products accept HT as well.