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Huobi Pool Token HPT: Repurchase & Burning System
Since April 2019, without changing the rule and amount of HPT daily distribution, 30% of the revenue generated from Huobi Pool’s own asset management, Huobi EOS Exchange and POW hashrate mining services will be used to repurchase HPT every month. The repurchase fund from April to June 2019 will be spent on the first round of HPT repurchase, taking place on July 2019. After that, the HPT repurchase fund for each month will come from the previous month.
Event date: July 2019 UTC
What is coin (token) burn?
A coin (token) burn is a process of sending a certain amount of cryptocurrency to a public address that has unobtainable private keys. In the future, the sent coins cannot be spent, thus the coin burn leads to an overall decrease in the cryptocurrency circulating supply.
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