In November, Huobi destroyed a total of 266,000 HT and will upgrade the monthly destruction to quarterly destruction

2022-12-15 17:13:06

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ChainCatcher news, Huobi announced that the total number of HT destroyed in November was 266,000 (approximately 1.782 million USDT), an increase of 15.94% compared to October. As of December 15, 2022, the Huobi platform has destroyed a total of 296.02 million HT, with a monthly circulation shrinkage rate of approximately 0.12%, and the current total supply is 203.98 million HT.

In addition, the Huobi platform announced an upgrade to the HT destruction mechanism, changing from a monthly destruction to a quarterly destruction. This mechanism will officially take effect starting in the first quarter of 2023. Under the new destruction mechanism, the Huobi platform will announce the total number of HT destroyed for October, November, and December 2022 on January 15, 2023. The total number of HT destroyed for January, February, and March (i.e., the first quarter of 2023) will be announced on April 15, 2023, and thereafter, the destruction quantity for the previous quarter will be announced on the 15th of the first month of each quarter. (source link)

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Fire must destroy HT

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