@BOMBERuss 24 June 2021 more from that month

Huobi, a popular cryptocurrency and derivatives platform, has reached a huge milestone by burning a significant number of its own HT tokens. In a recent press statement, the platform announced that in May 2021, it burned a total of 5.826 million tokens worth more than $ 138.5 million as part of an ongoing token burning scheme. The platform performs periodic token burning events to reduce the total amount of HT in circulation, thereby contributing to an increase in value over time. Since HT has a maximum stock of 500 million, the recent token burning event effectively removes just over 1% of the total HT that will ever be in circulation. The report on the work is published on the group's website. #CryptoTrading