In the first quarter, Huobi destroyed more than 800 thousand HT

Huobi, like Binance, conducts the burning of its tokens. So for the first quarter, about 827 thousand HT coins were burned.

A few details

At the end of last year, the exchange conducted a survey among users. According to its results, the mechanism for destroying tokens was rebuilt. Previously, destruction reports were provided every month. Now it has switched to quarterly, like other cryptocurrency exchanges.

According to the results of the first quarterly incineration, the deflation level for this period was 0.38%. In total, the issue reaches more than $203 million. In total, there are more than 161 million coins on the market. As a result, the cost of HT has increased by 1% in the last 24 hours. In 7 days, the increase was 10.5%.

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