HitBTC Cryptocurrency Exchange Launches ERC20 HIT Regional Utility Token

According to Financial Magnates on June 16, the HitBTC cryptocurrency exchange announced on Tuesday that it announced HIT, a traditional electronic token developed by the HitBTC ecosystem. As a business, the HIT token is designed to provide incentives and rewards to cryptocurrency exchange traders and ecosystem participants. The maximum amount of tokens is 2 billion, 30% will be used for public sale, 20% will be distributed to the design team, and 50% will be distributed to the development of the HitBTC ecosystem. Additionally, HitBTC spends over 20% of its monthly income to trade tokens and burn them monthly.