{"id":77303,"date":"2023-04-17T11:14:26","date_gmt":"2023-04-17T08:14:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77303"},"modified":"2025-09-10T22:33:10","modified_gmt":"2025-09-10T19:33:10","slug":"in-the-first-quarter-huobi-burned-827226-ht","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/in-the-first-quarter-huobi-burned-827226-ht\/","title":{"rendered":"In the first quarter, Huobi burned 827,226 HT"},"content":{"rendered":"<p>The cryptocurrency exchange Huobi <a href=\\\"https:\/\/www.huobi.com\/support\/en-us\/detail\/104935588693173\\\">burned<\/a> 827,226 HT tokens in Q1 2023. Since the mechanism&#8217;s activation on April 15, the cumulative total of burned tokens stood at 296,989,226.<\/p>\n<p>\\n\\n<\/p>\n<p>The quarterly deflation rate reached 0.3826%. The total supply of the exchange&#8217;s token stands at 203.01 million, with 161,362,774 HT in circulation.<\/p>\n<p>\\n\\n<\/p>\n<p>In December 2022, following a community poll, the platform reconfigured the coin-burning mechanism. Huobi shifted from monthly to quarterly reports to &#8216;align with the practices of leading crypto exchanges&#8217;.<\/p>\n<p>\\n\\n<\/p>\n<p>The updated mechanism took effect in Q1 2023.<\/p>\n<p>\\n\\n<\/p>\n<p>Over the last 24 hours, HT&#8217;s price rose 1%; over the past week, quotes increased by 10.5% (<a href=\\\"https:\/\/www.coingecko.com\/\\\">CoinGecko<\/a>). The asset is trading at around $3.95, roughly 90% below its May 2021 peak of $39.66.<\/p>\n<p>\\n\\n<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"142\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/image-194-1024x142.png\\\" alt=\\\"image-194\\\" class=\\\"wp-image-204501\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/image-194-1024x142.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/image-194-300x42.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/image-194-768x107.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/image-194.png 1272w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Data: CoinGecko.<\/figcaption><\/figure>\n<p>\\n\\n<\/p>\n<p>Huobi <a href=\"https:\/\/u1f987.com\/en\/news\/huobi-reports-150-million-revenue-for-q1-2023\">reported revenue<\/a> for the first quarter in the amount of $150 million against $120 million in expenses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Huobi burned 827,226 HT tokens in Q1 2023. Since the mechanism&#8217;s activation on April 15, the cumulative total of burned tokens stood at 296,989,226.<\/p>\n","protected":false},"author":1,"featured_media":77304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Huobi burned 827,226 HT in Q1 2023; cumulative burned tokens near 296.99 million.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[230],"class_list":["post-77303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-huobi"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"Huobi burned 827,226 HT in Q1 2023; cumulative burned tokens near 296.99 million.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=77303"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77303\/revisions"}],"predecessor-version":[{"id":77305,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77303\/revisions\/77305"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/77304"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=77303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=77303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=77303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}