What is the relationship between wht currency and ht currency

WHT Coin and HT Coin are both issued by Huobi Global, and there is a close relationship between the two. WHT Coin is the wrapped token version of HT Coin, used on other blockchains, while HT Coin is the native token of Huobi Global. The uses of WHT coins include: conducting transactions on DeFi platforms, providing liquidity, paying cross-chain transaction fees, and participating in on-chain governance. Its supply is consistent with HT coins, which are minted and destroyed by Huobi Global based on actual holdings.

The relationship between WHT coin and HT coin

There is a close relationship between WHT coin and HT coin. They are both controlled by Huobi Global distribution.

HT Coin

• The native token of Huobi Global Exchange
• is used to pay transaction fees, participate in IEO and enjoy other platform benefits Universal platform token

WHT coin

• Wrapped Huobi Token
• launched by Huobi Global is anchored to 1:1 HT coin , can be used on other chains
• Used to extend the utility of HT coin so that it can be used in other ecosystems

Relationship

WHT Coin is essentially a tokenized version of HT Coin on other blockchains. It represents the value of HT coins on different chains, thereby enabling HT coin holders to participate in projects and activities on these chains.

Usage scenarios

Uses of WHT coins include:

• Trading and providing liquidity on decentralized finance (DeFi) platforms Sex
• Pay cross-chain transaction fees
• Participate in on-chain governance and voting

Issuance

of WHT coins The supply is consistent with HT coins, which are minted and destroyed by Huobi Global based on the actual holdings of HT coins.

In short, WHT coin is an extended version of HT coin on other chains, which provides HT coin holders with a way to participate in other ecosystems and use HT coin for more activities.

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