Huobi
HT
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Huobi Token (HT) has been officially deprecated and migrated following Huobi's rebrand to HTX and the transition to the HTX DAO ($HTX) governance token. Active Development lacked sufficient data (-1.0) because development and support have transitioned exclusively away from the original HT token contract. The remaining sections reflect severe structural and market decline: Community Support (1.0/10) shows that organic engagement has shifted entirely to $HTX; Tokenomics (4.0/10) suffers from severe demand erosion, illiquidity, and absent burn reporting; Market and Use Case (2.5/10) notes the token trades over 99% below all-time highs with negligible volume; Team and Governance (4.0/10) reflects centralized control without modern transparency; and Security (3.5/10) documents serious historical security vulnerabilities, including the November 2023 breach totaling ~$115M across HTX and the HECO ecosystem. Because HT is a deprecated legacy token subject to unrecoverable deposit risks and zero ongoing development, exposure should be strictly avoided.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Huobi (HT)
Huobi Token (HT) is a deprecated and migrated utility token that has transitioned to the HTX DAO ($HTX) token following the rebranding of the Huobi Global exchange to HTX. Originally launched in January 2018 on the Ethereum blockchain as an ERC-20 token and later available on Huobi Eco Chain (HECO) as a HECO-20 token, HT was designed with an initial supply of 500 million units. Its primary utility included trading fee discounts, VIP status tiers, platform-level governance voting, and gas fees on HECO, supported by historical quarterly and monthly buyback-and-burn mechanisms funded by exchange revenue.
Following the exchange rebrand and the establishment of HTX DAO, active development, community engagement, and ecosystem support transitioned exclusively to the $HTX token. Consequently, the original HT token suffers from near-zero liquidity, absent burn reporting, and a trading price that has declined by 99.77% from its all-time high. Depositing the legacy HT token on supported exchanges poses significant operational risks, as older tokens may no longer be supported or recoverable.
The issuer and its ecosystem have experienced substantial security breaches. In September 2023, an HTX hot wallet suffered a private key leak resulting in the theft of approximately 5,000 ETH (valued around $7.9 million to $8.0 million), which was subsequently returned following the payment of a white-hat bonus. In November 2023, repeated security breaches across HTX and the HECO bridge resulted in an estimated $115 million in unrecovered losses, representing a major failure of the core infrastructure supporting the token.