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What is Huobi BTC (HBTC)?

Huobi BTC basic info

Name:Huobi BTC
Ticker:
Introduction:

What Is Huobi BTC (HBTC)?

HBTC is an ERC-20 token created by Huobi Global in February 2020 to bring liquidity of BTC to decentralized apps (dApps) based on Ethereum. The token is deployed on the Ethereum blockchain and is pegged to BTC on a 1:1 ratio. This ensures that the value of HBTC is the same as that of BTC and it can be used in the Ethereum DeFi ecosystem to gain utility.

Huobi Global is a cryptocurrency exchange that was founded in China in 2013 and is currently based in Seychelles. The exchange provides a vast array of cryptocurrencies and trading pairs to its users. Huobi Token (HT) is the exchange's native cryptocurrency. Moreover, Huobi has set up a $100 million venture fund.

Who Are the Founders of Huobi BTC?

The CEO of Huobi Global is Leon Li, who founded the cryptocurrency exchange in 2013. Li graduated from Tsinghua University and previously worked as a computer engineer at Oracle Corporation. Huobi Global is headquartered in the Republic of Seychelles, while its subsidiary, Huobi Asia, is currently based in Singapore with plans to relocate to Hong Kong.

What Makes Huobi BTC (HBTC) Unique?

Users can utilize HBTC as a bridge between Bitcoin and the Ethereum ecosystem, which enables access to decentralized finance protocols such as Uniswap, Curve, or Balancer. In addition, HBTC offers a higher transaction speed and lower handling fees, with negligible service fees due to two-way exchange support. All transaction details are publicly available, and users can check the number of issued tokens in reserve pools. To mint and burn Huobi BTC, users can choose a profitable channel utilizing HBTC's multi-channel system. HBTC tokens are fully redeemable thanks to the 100% reserve.

How Is the Huobi BTC Network Secured?

HBTC, or Huobi BTC, is an ERC-20 token that operates on Ethereum's blockchain. This token is secured by a Proof-of-Stake (PoS) consensus mechanism, which is an energy-efficient algorithm that uses randomly selected validators to confirm transactions and add new blocks to the blockchain.

How Many Huobi BTC (HBTC) Coins Are There in Circulation?

The Ethereum-based, ERC-20 standard token, Huobi BTC, is supported by BTC in a 1:1 ratio. The number of tokens in circulation is directly related to the quantity of Bitcoin reserves and HBTC minted. Currently, there are 8,969 HBTC tokens in circulation, as of the time of writing.

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Current price:
All-time high:$68,764.2
All-time low:$10,094.94

HBTC supply and tokenomics

Circulating supply:969.49 HBTC
Total supply:969.49 HBTC
Max supply:0 HBTC
Market cap:$37.56M
Fully diluted market cap:$37.56M

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Buy Huobi BTC for $1Buy HBTC now

What is the development prospect and future value of HBTC?

The market value of HBTC currently stands at $37.56M, and its market ranking is #9828. The value of HBTC is not widely recognized by the market. When the bull market comes, the market value of HBTC may have great growth potential.

As a new type of currency with innovative technology and unique use cases, HBTC has broad market potential and significant room for development. The distinctiveness and appeal of HBTC may attract the interest of specific groups, thereby driving up its market value.

What will the price of HBTC be in 2025?
Based on HBTC's historical price performance prediction model, the price of HBTC is projected to reach $50,206.53 in 2025.
What will the price of HBTC be in 2030?
In 2030, the HBTC price is expected to change by -5.00%. By the end of 2030, the HBTC price is projected to reach $63,994.19, with a cumulative ROI of +72.57%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of HBTC and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is HBTC worth investing or holding? How to buy HBTC from a crypto exchange?

If you want to buy HBTC, the following information may be helpful for your investment decisions:
In the last 7 days, the price of HBTC has fallen by -5.86%, leading to negative returns for most HBTC investors. The market is currently pessimistic about the price trend of HBTC.
It is important to note that the current price of HBTC has retreated by -43.65% from its all-time high. This coin is currently considered medium-risk, and its price may rebound or continue to fall.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether HBTC is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in HBTC or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of HBTC, if you want to buy or sell HBTC, you can consider Bitget for your trading needs. The best place to buy HBTC is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Huobi BTC has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Huobi BTC. Here's a step-by-step guide on how to buy Huobi BTC on Bitget.

How to get Huobi BTC through other methods?

Using cash to buy Huobi BTC is not the only way to obtain Huobi BTC. If you have the time to spare, you can get Huobi BTC for free.
Learn how to earn Huobi BTC for free through the Learn2Earn promotion.
Earn free Huobi BTC by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Huobi BTC airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Huobi BTC through Bitget Convert, Bitget Swap, or spot trading.

What is Huobi BTC used for and how to use Huobi BTC?

The use case of Huobi BTC may expand as the crypto market and the project itself develop. Currently, you can use HBTC to achieve the following goals:
Arbitrage by trading HBTC: Since HBTC is a frequently traded cryptocurrency, the price of HBTC is always fluctuating. Earn more HBTC by buying low and selling high on the exchange. Bitget spot market provides a variety of HBTC trading pairs to fully meet your needs.
Earn by staking HBTC: You can also generate income through financial management methods such as staking HBTC or lending HBTC. Bitget Earn offers a variety of financial products designed to help you earn more income from your HBTC.
Send or pay HBTC: If you want to give HBTC to your friends, a charity, or a fundraiser, or you want to pay someone with HBTC, you can quickly and easily send HBTC to the recipient through their payment address.
You can also go to the official website of the Huobi BTC project to learn more about the use cases of HBTC. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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