Huobi Token (HT) is the native token of Huobi Global, a cryptocurrency exchange. It is an ERC-20 compatible decentralized digital asset built on the Ethereum network. The value of HT is influenced in part by the Huobi crypto exchange's reputation, although other factors also have a role.One of the token's primary functions is to lower exchange commissions, which are often deducted from users' wallets. The token, however, has a lot more to offer. Users can purchase monthly VIP-status plans through HT to obtain transaction cost savings. Token holders have a say in exchange choices, are eligible for crypto awards for seasonal buybacks, and get first access to special events. Holders of the HT token can swap it for other cryptocurrencies at any time.Because it is used to acquire premium services, the Huobi token has been a game-changer for the crypto exchange industry.