What is HOT Coin’s Total Supply (Is HOT Coin Worth Investing)?

08/09/2023 06:04 • NFT Newsflash • 146 views

HOT Coin’s Total SupplyHOT Coin is a digital currency based on blockchain technology and is launched by Huobi Exchange. It ensures the security and privacy of user assets through decentralized and transparent mechanisms. According to official information, its total circulation has exceeded 600 million so far. Among them, 60% comes from mining revenue, 20% from community governance rewards, 10% from developer incentives, 1% belongs to the ecosystem fund, and 5% is held by other teams. It is reported that its symbol is “HT,” with the full name HuobiToken.

Is HOT Coin Worth Investing?

According to bitcoinist news, there were recent reports that “Hot Coin (HotCoin) reached a historic high of nearly $10 on May 12th.” This news subsequently attracted widespread market attention.

According to Coindesk, a recent report from the cryptocurrency exchange Binance shows that by the end of April, the Hot Wallet on Binance holds about $200 million worth of new tokens. “These new tokens are related to Bitcoin and altcoins,” said CoinDesk author David Mercer, “They have not been used for Bitcoin, Ethereum, or any other cryptographic assets.” In addition, Binance also announced the launch of a wallet called HotCoin. It is reported that in mid-November 2019, Binance announced, “Our platform will launch HotCoin in the first quarter of 2019”, at that time, users could purchase this currency and exchange it for stablecoins such as USDT. “We plan to support customer demand and improve user experience by increasing liquidity and expanding trading volume. Therefore, we will launch mainnet, a decentralized application development toolkit, before the end of 2018, and officially deploy it in early 2021.”

Although there is still some uncertainty and regulatory risks in the emerging blockchain industry, many people still believe that the development of this industry is positive and may even trigger a revolution. For example, Brian Brooks, head of the Financial Crimes Enforcement Network (FinCEN), a national agency under the U.S. Department of the Treasury, said, “If the government wants to put pressure on money laundering illegal activities or when people realize that their assets are being violated, they should consider stopping funding to individuals.” “I suspect this is a good thing because they may involve larger stakeholders. But I don’t oppose this idea, I think it’s a great technology.”

Although some people consider this project to be a good investment choice, others believe it is not the best investment. In fact, in August 2017, a company named Steemit launched a new service called “Reddit” to attract investors to join the field. The CEO of the company, Alexis Ohanian, claimed to have established his own website.

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What is HOT Coin’s Total Supply (Is HOT Coin Worth Investing)?

Is HOT Coin Worth Investing?

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