Cryptocurrency exchange Huobi’s native Huobi Token (HT) is now available for making real-world online purchases of a wide range of products from the e-commerce platform FomoHunt.
Per a press release shared with Cointelegraph on Aug. 22, users of HT can now purchase clothes, art, hardware and other products from the e-commerce and cryptocurrency industry news platform FomoHunt. James Lawrence, co-founder of FomoHunt, commented on the development:
“Being able to work directly with Huobi is an amazing opportunity. We are working together to allow our community users to use Huobi Token and make real-world purchases for clothes, art, FomoHunt subscriptions, event tickets, and even mining hardware.”
Huobi Token is an Ethereum-based decentralized digital asset with a limited supply of 500 million, which rewards users on the exchange with lowered fees in a bid to increase market share and liquidity on the exchange. According to data from CoinMarketCap, HT is currently trading at around $4.88, having gained 2.06% on the day.