Huobi Korea   Huobi Token (HT)

Huobi, previously one of the major cryptocurrency exchanges in China, announced today that it will issue its own token based on the ethereum ERC-20 standard.

Dubbed the Huobi Token (HT), the new issuance is set to start on Jan. 23 with a capped supply of 500 million. According to the announcement, 300 million HT (60 percent) will be issued to users over a course of 15 days, while reserving the remaining 40 percent for platform operation, team incentives and user rewards.