When Huobi says they’ve got you covered, it isn’t just some lofty claim; they mean business.
Earlier this year, Huobi launched the Huobi User Protection Fund with the aim of giving users an added layer of security and to boost their confidence in the platform.
This proved to be a landmark decision that gained widespread support and was very well received by the community.
Huobi User Protection Fund:
Huobi pledged to buyback a certain portion of HTs on the open market by using 20% of its income (transaction fees it collects) during that period.
The HTs from this buyback will be used to safeguard customers’ interests and compensate them for any losses they would incur in the unlikely event of a security breach.
On 16th April 2018, Huboi announced the completion of the first ever buyback using the revenue earned in Q1.
Detailed information regarding the buyback can be found here: https://www.huobi.pro/notice_detail/?id=1330
About Huobi Token:
HTs are the key ling in Huobi’s global ecology and provide a great deal of value enhancement and a wide range of use cases – from voting rights, to trading fee discounts, to accessing exclusive airdrops and a whole lot more.
To sum it up, the Huobi Buyback is an important step in the evolution of Huobi and promises to give its users a great deal of security while building trust and confidence in the platform.
More information on HTs: https://www.huobi.pro/ht/
Huobi Token Q1 Buyback Information: https://www.huobi.pro/notice_detail/?id=1330