Launched by Huobi Global and deployed on the Ethereum network, Huobi BTC (HBTC) token aims to promote the growth of the decentralized marketplace by injecting Bitcoin (BTC), the largest and most liquid asset, into the decentralized finance (DeFi) eco-system. HBTC is 100% backed and can be redeemd for BTC at any time.
Mint HBTC——Users can mint and redeem HBTC on Huobi Global.
Exchange BTC for HBTC: deposit BTC into your Huobi Global wallet. When you withdraw, choose the option to withdraw BTC as HBTC.
- Log into your Huobi Global account and deposit BTC (can skip this step if you already have BTC in your account)
- On your token-token account protal, choose BTC and hit the “WITHDRAW” button, then choose “HBTC”
- Provide your Ethereum address and the number of HBTC you’d like to mint, then hit “WITHDRAWL” to complete the process
Redeem HBTC for BTC: deposit HBTC into your Huobi Global wallet. When you withdraw, choose the option to withdraw HBTC as BTC
- Log into your Huobi Global account
- On your token-token account portal, choose BTC and hit the “WITHDRAW” button, then choose “HBTC”
- Provide your Ethereum address and initiate token transfer from this address
- Withdraw BTC
Huobi Global: https://www.huobi.me/
HBTC official site: www.hbtc.finance/
HBTC contract address: https://etherscan.io/address/0x0316EB71485b0Ab14103307bf65a021042c6d380