What is Huobi token?

The Huobi Token is part of the Huobi Eco Chain that hosts DeFi apps like decentralized lending and borrowing platforms. The Eco Chain is similar to the Binance Smart Chain, an established exchange-based blockchain. HT is an ERC-20 token that acts to secure the network and provides benefits and transaction methods for Huobi users.

What is Huobi eco chain?

However, the most interesting thing about Huobi is its ECO chain. According to its website, “Huobi Eco Chain (Heco) is a decentralized and cost-efficient public chain that Ethereum developers can easily get started with and smart contracts are seamlessly compatible.”

Is Huobi a good cryptocurrency exchange?

That’s one reason Huobi has done so well. Launched in 2013 (ancient by crypto standards), the company’s cryptocurrency exchange has a well-established reputation - particularly in Asia. The exchange is consistently rated in the top five for market cap. Huobi also issued its own token (Huobi Token) last year to increase user loyalty.

Where is Huobi bitcoin based?

Founded in China, the company now has offices in Hong Kong, South Korea, Japan and the United States. In August 2018 it became a publicly listed Hong Kong company. Following a 2017 ban on Bitcoin exchanges by the Chinese government, Huobi stopped Bitcoin withdrawals.