- Users will be able to easily switch from HT to HTX once they log in to their accounts.
- Customers have until January 20, 2025, to complete the process.
Under Justin Sun’s leadership, HTX initiates the transformation from HT to HTX, which is a major milestone for Huobi Token (HT). The upgrade, detailed in a recent press release, brings about many improvements, including the listing of HTX DAO (HTX) and the ability for HT holders to willingly trade their tokens. This follows the rebranding of Huobi exchange to HTX in the month of September last year.
Importantly, the goal of this strategic move is to introduce a new approach to the Huobi ecosystem by reshaping the benefits structure. According to the HTX news release, the conversion process has started, the HTX DAO (HTX) has been listed, and HT holders are invited to participate willingly.
Users will be able to easily switch from HT to HTX once they log in to their accounts on January 22, 2024. It is worth mentioning that customers have until January 20, 2025, to complete the process.
Enhanced Benefits
Users will obtain a more advantageous conversion rate with early conversions and greater assets, according to the release. This change improves user governance and transparency and is in line with the rising trend of decentralized autonomous organizations (DAOs) in the cryptocurrency industry.
Furthermore, token holders have a domino effect of advantages with HTX DAO’s conversion from HT. As on February 2, 2024, the current HT-associated benefits will be superseded by the HTX-holder benefits structure.
Notable changes include the addition of “Reduce fees with HTX Deduction” and the removal of “Reduce spot/futures fees with HT Deduction.” Spot trading costs will be reduced by 25%, futures trading fees by 5%, and interest on margin loans with HTX will be deducted with this modification.
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