HTX

HTX, formerly known as Huobi, is a blockchain and finance company that has developed a cryptocurrency exchange platform. The company was founded in 2013 and states that its platform has more than 10 million users from more than 170 countries.

HTX offers a variety of products and services with a main focus on digital currency exchange. For payment methods, HTX includes cryptocurrency as well as bank transfers and credit/debit cards. Users can trade more than 700 different cryptocurrencies, including Bitcoin and ETH. There are also options to buy and sell cryptocurrencies through the platform and its mobile versions, which are available for iOS and Android devices. Users of the HTX platform can also trade futures and earn annual percentage yield.

The HTX platform also has a benefits portion for the user. Benefits that the user can gain include earning USDT for completing minor tasks related to engagement on HTX, such as verifying their identification. Users can also sign up for the HTX Prime Membership, which gives benefits such as better fee rates.

HTX initially launched its token when it was still branded as Huobi, with the token named Huobi Token (HT). A few months after rebranding to HTX, the company also decided to change to its tokens to HTX. Starting in January 2024, users started having the option of voluntarily converting the HTs that they hold for HTXs.

HTX holders receive benefits such as discounts on spot trading fees and other fees, as well as early access to new features when they are introduced. Additionally, HTX is the governance token of the platform's decentralized autonomous organization (DAO), meaning that holders of HTX can vote on proposals that will impact the operations of the platform.

In January 2024, HTX launched its community-based governing organization, HTX DAO. According to the website, the DAO is intended for users, developers, designers, and holders of HTX to participate in the governance of the platform while building the decentralized finance (DeFi) ecosystem. With the HTX DAO, anyone holding HTX tokens can initial proposals and invite other holders to vote on them. The website states that HTX will implement "widely accepted" proposals.