HTX (formerly Huobi Token, abbreviated as HT) is the native token issued by the HTX exchange (formerly the global site of HTX) and plays a vital role in the HTX ecosystem. HTX serves not only as a medium of exchange on the HTX platform but also offers certain governance functions. The total supply and circulating supply of HTX are key concerns for many investors and users.This article will provide a detailed analysis of HTX’s total supply, circulating supply, and related economic model to help readers gain a comprehensive understanding of HTX.
Total Supply of HTX (formerly HT)
The maximum supply of HTX is set at 500 million tokens. Initially, the allocation plan for these 500 million HT tokens was as follows:
- 300 million (60%): Distributed via airdrop to users who purchased prepaid cards.
- 100 million (20%): Allocated for platform rewards and operational activities.
- 100 million (20%): Allocated for team incentives, subject to a four-year lock-up period.
It is worth noting that HTX was issued in 2018 and distributed to HTX users through a rewards program.
Circulating Supply of HTX (formerly HT)
The circulating supply of HTX fluctuates dynamically over time, primarily due to its deflationary mechanism. As of June 2026, the circulating supply of HTX was approximately 109.4 million. This figure represents approximately 22% of its maximum supply of 500 million and 54% of its total supply of 203.98 million.
Users can view real-time market data for HTX—including quotes, prices, market capitalization, and circulating supply—on platforms such as Svmuu, CoinGecko, and Crypto.com.
HTX’s Deflationary Mechanism
HTX has introduced a token burn mechanism to reduce the amount of tokens in circulation, thereby making it a deflationary token. The specific mechanism is as follows:
- Monthly Buyback and Burn: The HTX exchange allocates 20% of its monthly revenue to repurchase HTX tokens from the market and burn them.
- Team Incentive Burn: 15% of the revenue is used to burn tokens in circulation, while the remaining 5% is used to burn HTX allocated for team incentives.
This ongoing burn mechanism is designed to increase the value of HTX by influencing the supply-and-demand dynamics. For example, as of May 15, 2022, HTX had cumulatively burned 292,649,000 HT tokens. Historical data shows that during the first three quarters of 2019, the amount of HT burned accounted for 10.18% of the total HT supply at the beginning of 2019.
Uses of HTX
As the native token of the HTX exchange, HTX serves multiple purposes and offers exclusive benefits to holders:
- Trading Fee Discounts: Users holding HTX can enjoy trading fee discounts of up to 65%.
- Participation in New Projects: HTX holders can participate in new projects on platforms such as HTX Prime to purchase newly issued assets at discounted prices.
- Earn Additional Tokens: By holding HTX, users have the opportunity to earn additional tokens.
- Voting Rights: HTX holders may have voting rights in community governance.
- Airdrop Benefits: In addition to earning interest on their HTX holdings, users can also receive additional airdrop rewards when new coins are listed on the exchange.
These features give HTX significant utility within the HTX ecosystem.
