Huobi Mining PoolHuobi Mining PoolAnnounced the issuance of "Huobi Pool Token (HPT)". HPT is an HT-based ecological sub-token, and HT users will receive an airdrop incentive of 20% of the total HPT. At the same time, the Huobi Mining Pool launched the "mining is mining" mechanism, that is, mining pool miners can share HPT while mining normally.

Huobi Mining Pool was launched on March 30 this year and is one of the sub-businesses of Huobi Group (other businesses include sub-exchange HADAX, public chain, wallet, etc.),Huobi said, similar sub-tokens will be issued for all businesses in the future. Therefore, HPT can be said to be the first test field.

The total amount of HPT issued is constant at 10 billion. The distribution plan is that 20% will be airdropped to HT holders, 40% will be used for community incentives, 10% will be used for team incentives, and 30% will be used for business development.

The HPT part of the community incentives can be obtained through mining. There are three types of mining in Huobi Pool:

The first category is to connect POW computing power to the Huobi mining pool to mine BTC and BCH. Now, in addition to the income of miners from the currency they mine, the mining pool will also distribute HPT to miners in proportion to their computing power.

The second category is to hold POW tokens such as EOS, TRX, ONT, etc., become their nodes and carry out lock mining. Miners' income is similar to the former.

The third type of miners vote for digital assets (such as EOS, TRX, ONT, etc.) using the POS mechanism in the Huobi mining pool. Convert it into computing power and allocate HPT to it according to the holding ratio.

So, how do users circulate and cash out after obtaining HPT? Huobi said that it will display HPT on HADAX 2.0 version, and if HADAX passes the vote, it will be traded online. It is conceivable that if the Huobi miners all hold HPT, it is only a matter of time before online transactions.

Huobi launched a sub-token and airdropped rewards for HT users, which can be said to be a two-way promotion for the two: HT holders can obtain currencies with potential value-added opportunities, and HPT can also quickly obtain a certain degree of loyalty to Huobi. users, introducing new miners to the mining pool ecology.