Kriptoks

Hotbit Token (HTB) is a native cryptocurrency token that operates on the Hotbit platform, a cryptocurrency exchange, DeFi, and asset-management network. The goal of Hotbit is to become a leading platform in the blockchain industry by using a high liquidity model with an AI-based market maker. This approach aims to provide users with flexible, diverse, and secure exchange benefits.

One of the main features of the Hotbit network is its cryptocurrency exchange, where users can exchange different assets on the platform. The Hotbit mobile app or exchange offers easy access and availability for users. Additionally, Hotbit provides crypto-asset management for users with a selected number of assets in their wallet, offering advice and management of crypto assets.

Hotbit has also created the Blockchain Game Guild Alliance, enabling users to get rewards through its “play-to-earn” reward program. This alliance creates a new gamer-led employment strategy, where gamers can earn while playing. Hotbit's GameFi section is another essential feature that allows users to trade using popular blockchain game projects such as Alien Worlds, Axie Infinity, and Sanbox.

HTB is an ERC-20 token, and Hotbit plans to use it to operate the cryptocurrency exchange. Hotbit aims to employ an automatic repurchase algorithm for HTB, through which the network gets back all the tokens from the market. Hotbit also seeks to burn 50% of the retrieved HTB tokens.

Cryptocurrency burning is a process where a fraction of tokens is sent to a wallet with no private key to reduce availability and increase market value. Hotbit plans to use 50% of HTB tokens left after burning to reward individuals and organizations contributing to the Hotbit ecosystem.

The Hotbit platform was launched in 2017, and the first listing of the crypto-asset was in 2018. The core team members of the network operate from China, the USA, and Taiwan.

Overall, Hotbit Token (HTB) and the Hotbit platform aim to provide users with a secure, diverse, and flexible exchange experience while rewarding users who contribute to the Hotbit ecosystem.