HuobiToken (HT) API and Price Oracle

HuobiToken API Logo

HuobiToken

HT
$
Information
For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
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0x6f25...a161
Network
Blockchain network where the asset is deployed
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Ethereum
Methodology
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
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MAIR
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
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120s
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
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Source
Volume 24h
Trades 24h
Pairs
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Token information

What is HuobiToken (HT)?

HuobiToken (HT) is the native cryptocurrency of the Huobi exchange platform. It was created to provide various benefits to users, such as discounted trading fees and access to exclusive events. HT was launched by Huobi Global in 2018 and has become one of the leading exchange tokens in the crypto space. It aims to facilitate fair and efficient trading on the Huobi platform while offering additional features and rewards to its users.

How does HuobiToken work?

HuobiToken (HT) is a cryptocurrency token developed by the Huobi Global exchange. Built on the Ethereum blockchain, HT operates as a utility token within the Huobi ecosystem. It serves various purposes, including providing discounts on trading fees, participating in token sales, and engaging in voting for platform decisions.

As an ERC-20 token, HT benefits from the security and efficiency of the Ethereum network. Ethereum's smart contract functionality enables the implementation of features specific to HT, such as the ability to stake tokens for rewards and participate in governance. The token's supply is fixed at 500 million, with no additional tokens to be created in the future.

One of the key functionalities of HT is fee reduction on the Huobi platform. Users holding HT can enjoy discounted trading fees, which incentivizes trading activity and increases liquidity on the exchange. Additionally, holding a certain amount of HT grants users membership in the Huobi Prime and Huobi FastTrack programs, allowing them to participate in token sales and early access to new project listings.

HT also plays a role in governance. Token holders have voting rights on important decisions related to the platform, such as listing new tokens or making changes to the platform's rules and policies. This governance feature gives users a voice in the development and direction of the Huobi ecosystem.

In summary, HuobiToken functions as a utility token within the Huobi exchange ecosystem, utilizing the Ethereum blockchain to provide discounts on trading fees, enable participation in token sales, and give users voting rights for platform decisions.

What are the benefits of HuobiToken?

HuobiToken (HT) is the native cryptocurrency of the Huobi Global exchange platform. It offers several benefits that set it apart from its direct competitors.

Firstly, HT provides users with discounted trading fees on the Huobi Global platform. This feature gives traders a cost advantage, making it an attractive choice for those who actively engage in cryptocurrency trading.

Secondly, HT holders can participate in Huobi's token buybacks. The platform uses a portion of its revenue each quarter to repurchase HT from the market and subsequently destroy it. This mechanism helps reduce the supply of HT, which may have a positive impact on its price over time.

Additionally, HT holders gain access to exclusive benefits and privileges on the Huobi platform. These benefits can include VIP trading services, priority access to new token launches, and other promotional offers.

Compared to its direct competitors, such as Binance Coin (BNB) and KuCoin Shares (KCS), HuobiToken offers a similar set of benefits. However, the specific features and rewards may vary between platforms. It is essential for users to evaluate the offerings of each platform and make an informed decision based on their individual trading preferences.

In conclusion, HuobiToken provides users with discounted trading fees, participation in buyback programs, and exclusive platform benefits. These advantages help differentiate it from its direct competitors and make it an appealing choice for cryptocurrency traders on the Huobi Global platform.

What is HuobiToken used for?

HuobiToken (HT) is the native cryptocurrency token of the Huobi Global exchange. As with many exchange tokens, HT serves multiple purposes within the Huobi ecosystem.

One common use case for HT is as a utility token for accessing special features and services on the Huobi platform. Users can stake their HT tokens and enjoy benefits such as reduced trading fees, access to exclusive events, and participation in token sales and voting events. By holding HT tokens, users can enhance their trading experience and gain additional perks on the exchange.

Additionally, HT can also be used as a medium of exchange for trading various cryptocurrencies on the Huobi Global exchange. Users have the option to trade HT against a wide range of digital assets, including Bitcoin, Ethereum, and other popular cryptocurrencies. This provides users with liquidity and flexibility when it comes to trading within the Huobi ecosystem.

One specific case that highlights the use of HT is Huobi Prime, a token launch platform offered by Huobi Global. Huobi Prime allows projects to list their tokens directly on the exchange, providing investors with early access to promising projects. HT holders have the advantage of participating in token sales on Huobi Prime with a higher allocation or at discounted prices. This gives HT holders the opportunity to invest in potentially groundbreaking projects before they are widely available.

In conclusion, HuobiToken (HT) is primarily used within the Huobi Global ecosystem as a utility token for accessing special features, as well as for trading various cryptocurrencies. The specific case of Huobi Prime showcases how HT holders can benefit from early access to token sales and potentially lucrative investment opportunities.

What is DIA's HuobiToken API?

DIA's HuobiToken API is one of the API endpoints provided by DIA. These API endpoints offer real-time price feeds for different crypto assets, including HuobiToken. DIA constructs its price feeds by sourcing raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, aggregating billions of individual trades. This enables DIA to offer a comprehensive and reliable data service that sets them apart from other web3 data providers.

While DIA provides free API endpoints for developers to test, they also offer fully customizable and tailored feeds. The free API endpoints can be found on the asset's detail page in the DIA App. These endpoints follow a standardized format and are public for informational purposes. They are a convenient option for developers to experiment and familiarize themselves with DIA's data.

However, the true value lies in DIA's custom feeds. When a user requires a specific configuration for a price feed, DIA can build a dedicated API feed that meets their individual needs. Custom feeds can be tailored in terms of sources, methodologies, update mechanisms, and more. This flexibility ensures that users can access the data they require to support their specific use cases within the blockchain ecosystem.

Some potential use cases for DIA's API include derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, and money markets in the DeFi space. Additionally, in the NFTfi sector, DIA's API can be utilized for peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.

Overall, DIA's API endpoints provide a wide range of possibilities for developers and users to access real-time price data, with customizable options that cater to specific requirements. Whether one opts for the free feeds or seeks the benefits of custom configurations, DIA's API is a valuable resource for the blockchain community.

(Note: An API, or Application Programming Interface, is a set of defined protocols and tools that allow different software applications to communicate and interact with each other.)

What is DIA's HuobiToken price oracle?

DIA's HuobiToken price oracle is a smart contract that provides real-time price feeds of various crypto assets. DIA distinguishes itself by offering a wide range of integration options, supporting 35+ layer 1 and layer 2 networks. This allows DIA to deploy their price oracles across multiple blockchains, making them highly accessible.

DIA's price feeds are constructed using raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, encompassing billions of individual trades. This extensive data collection ensures accurate and reliable price information.

While DIA offers free demo oracles for developers to test, these are strictly for testing purposes and cannot be used in production applications. However, DIA also provides custom configuration options for their price feeds. Users have the flexibility to tailor the sources, methodologies, update mechanisms, and more of their custom oracle feeds. To request a custom feed, users can engage with DIA via Discord or Telegram.

DIA's custom oracles hold significant value for users, as they can be specifically designed to meet their unique requirements. These oracles have various use cases within the blockchain ecosystem. In the DeFi space, they can be utilized for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Additionally, in the NFTfi sector, DIA's oracles can facilitate peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other applications.

A blockchain oracle is an external information provider that supplies verified data from outside the blockchain to smart contracts. It acts as a bridge between on-chain and off-chain worlds, ensuring that smart contracts have access to reliable real-world data. DIA's oracles play this crucial role by providing accurate and timely price information to various decentralized applications in the blockchain space.

Overall, DIA's custom oracles and their ability to deliver tailored price feed solutions make them an invaluable resource for users seeking precise and adaptable data integration within the blockchain ecosystem. To explore further details and documentation, including the demo oracles, developers can visit DIA's official documentation at https://docs.diadata.org/.

Why use DIA's HT API & price oracle?

DIA's HT API and HT Price Oracle offer several benefits for users in the blockchain ecosystem. One key advantage is the high level of customization available. Users can tailor each API endpoint and oracle to fit the specific needs of their decentralized applications. This includes selecting data sources, applying data cleaning filters, pricing methodologies, and determining the update mechanisms and frequency. By customizing these settings, DIA ensures that the data and oracle remain robust and resilient to market conditions, providing accurate and reliable price data for cryptocurrencies and NFTs.

Transparency is another major benefit of using DIA's API and Oracle feeds. DIA provides full and granular transparency throughout the entire data journey. Users can track and monitor the oracle and API feeds using various tools provided by DIA. This transparency gives users confidence in the integrity and reliability of the data they receive.

Overall, DIA's HT API and HT Price Oracle offer the benefits of customization and transparency, providing accurate and reliable price data for cryptocurrencies and NFTs. Users can trust DIA's technology to meet their specific needs and gain insights into the market conditions impacting their investments.

Why use DIA data feeds and oracles?

Transparent
DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Customisable
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.