**How to receive Huobi Pool Token (HPT) for free**
Holding Huobi Token (HT) has a number of benefits like discounted transaction fees, liquidity protection, becoming a certified OTC merchant, voting on HADAX and more. However, there is a hidden benefit which not many people know about. Huobi Pool, Huobi group’s mining arm has issued the first sub token in the HT ecosystem.
A total of 10 Billion HPTs will be issued and 2 Billion will be airdropped to HT holders for free on a daily basis, starting from 25 August 2018 and the rest will be to miners on Huobi Pool. Moreover, users who are holding EOS, TRX and ONT will also be eligible for HPT airdrop if they have a balance with the exchange. According to Huobi Global, they will take a snapshot of the HT assets in users’ Huobi Global Account (incuding HB10 users) at 00:00:00 (GMT+8) and airdrop HPT to users holding more than 200 HT on a daily basis. As of August 24, 2018 (GMT+8), they had distributed a total of 42,916,241 HPT to all HT holders, and it’s estimated that 17.16 HPT are distributed for every 200 HT.
Users might be curious as to how tradable is HPT. Once HPT is officially listed on HADAX, which is expected to happen soon, those holding them can trade them in dollars, BTC, or other cryptocurrencies on any of Huobi’s platform namely, Huobi Global, OTC and HADAX.
It is very interesting to note that HPT gained more than 10 times the vote, more precisely 1097.43%, needed to achieve its funding goal in the most recent community voting period of HADAX. This goes to show the popularity of the token and benefit it brings to the community and HT ecosystem.
**A dividend-like feature**
With the daily airdrop of HPT, it becomes a sort of dividend for HT holders and I feel that this is a really attractive additional benefit for HT holders. There is always risk in holding tokens over a long period of time but with the “dividend payment” of HPT, it gives us, the users, an additional benefit for holding HT for a longer duration. Not only can we look for capital gains of HT, we can now receive additional gains from HPTs.
**Benefits of holding Huobi Token (HT)**
To recap, I will briefly share with you on the other benefits of holding HT. Firstly, HT holders can a discount of up to 50% on transaction fees and as all of you know, this will help a lot especially if you are an active trader on the platform. Secondly, there is liquidity protection where each season, Huobi Global will buyback a certain portion of HTs on the open market. All the bought-back HTs will be held in the Huobi User Protection Fund. Third, if you use HT to pay security deposits, you will become an OTC certified merchant and able to get exclusive certification logo, high-quality front-row booth and one-to-one customer service. Fourth, HT holders will also receive airdrops of newly listed coins on the exchange from time to time. Last but not least, HT holders will be able to have a voice in the community by voting for their favourite coins to be listed on Huobi.
Overall, with the creation of HPT, HT holders will stand to have more benefits and look for more capital gains through various means. Moreover, Huobi Pool has announced that while HPT is the first sub token to be created, it will not be the last and HT holders can look forward to more new sub tokens as they try to created a more vibrant HT ecosystem.