Huobi Pool will issue about 10 billion Huobi Pool Tokens (HPTs), the first sub-token in the Huobi Token (HT) ecosystem. About 2 billion HPTs will be airdropped to HT holders, while the remainder can be earned through Huobi Pool as well as through selected projects. HPT is the first sub-token to be issued with other sub-tokens expected to be issued soon.
SINGAPORE, Aug. 20, 2018 /PRNewswire/ -- Huobi Pool, Huobi Group's mining pool entity, has issued its Huobi Pool Tokens (HPT), the first sub-token in the Huobi Token (HT) ecosystem.
Huobi Pool issues Huobi Pool Token; about 2 billion tokens to be airdropped to HT holders
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 point of writing, HT was trading at about 2.20 USDT or about 3.5% higher before the announcement was made.