Leon Li founded Huobi Group in 2013 and serves as CEO, having been a Bitcoin proponent since 2011 and formerly worked at Oracle. Jun Du is the co-founder, previously operations director at Comsenz and Tencent, also CEO of Node Capital. Herbert Sim joined in 2018 as Director of Digital Marketing and PR, previously founder of Crypto Chain University.

Huobi launched HT in January 2018 through IEO distribution to users. The exchange established its Investor Protection Fund in 2018 and adopted the Security Reservation Mechanism. The platform developed its proprietary risk control system called "Don't Be Evil" and maintains 98% of funds in multisig cold wallets. It has expanded globally with 12 years of operational track record.

HT operates on Ethereum blockchain as an ERC-20 compliant token. The Huobi ecosystem employs distributed architecture with anti-DDoS protection systems. The exchange utilizes multi-signature cold wallet storage for approximately 98% of assets. The platform implements a comprehensive security framework combining cold, hot, warm, and multi-party offline wallet solutions.

HT has a maximum total supply of 500 million tokens. Initial distribution allocated 60% (300 million) to exchange users and retained 40% (200 million) in reserve. To curb inflation, Huobi allocates 20% of profits quarterly for token buyback programs. The token operates under a deflationary mechanism through the exchange's profit-sharing model.

HT holders receive voting rights within the Huobi Autonomous Digital Asset Exchange (HADAX) platform. Token holders can participate in governance decisions affecting exchange operations and policies. The platform's community-driven approach allows users to influence platform development through their token holdings. This governance model supports decentralized decision-making within the Huobi ecosystem.

HT provides trading fee discounts on Huobi Global exchange, with VIP status plans offering up to 60% fee reductions. Users receive seasonal buyback rewards and early access to special events and token sales. HT can be traded against other cryptocurrencies on the platform. The token also serves as a loyalty rewards mechanism within the Huobi ecosystem.