Huobi Buyback: 5 Important Things To Know About Huobi Buyback By Any Crypto Trader/Investor
If there is one thing have learnt and believed you as a reader going through this article right now have possibly learnt too from Crypto is the ability to be dependent and do your own research (DYOR) to stay up-to-date with latest information because there are the good and the bad side of the crypto world.
What is Huobi Buyback?
First, I need to help you understand what this is all about.
Huobi Buyback is an offer from Huobi exchange to buy some of the tokens (HT) from the open market back into their cover with 20% of commission earned from traders like you and me on their exchange. Curious about what they use this for precisely? Then read my article on Huobi User Protection Fund.
5 Important Things To Know About Huobi Buyback By Any Crypto Trader/Investor
1) It involves Huobi platform buying back from the open market – That means the token will never lack liquidity.
2) The maximum supply of HT token that can ever exist is 500Million, some already locked unreleased while just about 60% in open market. Buyback makes HT to become scares in the open market and therefore it could possibly aid it sky rocketing in price (DYOR).
3) It will be done quarter and possibly without interrupting the market or crashing the price. Check step 4 below to learn more about how the first Q1 2018 buyback was done successfully.
4) The first Huobi buyback has been successfully executed which gave more positive marks for the team to keep to their promise and continue the buyback in future. Click Here to go to the official announcement to know more how this was done
5) Finally, token buyback by any crypto project is a green signal for cryptocurrency investors/traders about the token because it shows that the team are dedicated to making the project a success and therefore in return give more value to their token hodlers.
I want to believe you have learnt and get to understand what a token buyback is all about using Huobi buyback as a practical examination of it. Do you have any other token currently offering buyback or just concluded one and they are not shit coin, you can send them in via comment or contact for a check on them and possibly review to readers.
Disclaimer: Kindly do your research before you invest in any crypto project because the above is for information purpose only not as professional or legal investment/trading advise.
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