Question 1

What Is Huobi BTC (HBTC)?

Accepted Answer

[Huobi BTC](https://coinmarketcap.com/alexandria/glossary/huobi-btc-hbtc) (HBTC) was launched by Huobi Global in February 2020 with the goal of bringing BTC liquidity to [Ethereum](https://coinmarketcap.com/currencies/ethereum/)-based [decentralized apps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps) (dApps). HBTC is an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token deployed on the Ethereum blockchain and pegged to BTC on a 1:1 ratio. As a result, Huobi BTC has a value equivalent to [BTC](https://coinmarketcap.com/currencies/bitcoin/), with the utility gained through the Ethereum [DeFi](https://coinmarketcap.com/alexandria/glossary/defi) ecosystem.

Huobi Global is a cryptocurrency exchange that was founded in China in 2013 and is now based in Seychelles. It offers a wide range of cryptocurrencies and trading pairs to its users. Huobi Token (HT) is the native cryptocurrency of the Huobi exchange. In addition to being a crypto exchange, Huobi has launched a $100 million venture fund.

Question 2

Who Are the Founders of Huobi BTC?

Accepted Answer

Huobi Global was founded in 2013 by Leon Li, who currently serves as the CEO.

Li graduated from Tsinghua University in 2013. Prior to Huobi Global, Li worked as a computer engineer at Oracle Corporation, one of the largest US-based software companies. Huobi Global is based in the Republic of Seychelles, while Huobi Asia is headquartered in Singapore, with plans to move to Hong Kong.

Question 3

What Makes Huobi BTC (HBTC) Unique?

Accepted Answer

HBTC serves as a bridge between Bitcoin and the Ethereum ecosystem, providing access to decentralized finance (DeFi) protocols like Uniswap, Curve or Balancer.

HBTC has a higher transaction speed and lower handling fees. Service fees are negligible thanks to two-way exchange support. Furthermore, all transaction details are publicly available, and in reserve pools, users can check the number of issued tokens.

HBTC utilizes a multi-channel system, so users can choose a profitable channel to mint and burn Huobi BTC. HBTC tokens are fully redeemable due to 100% reserve.

HBTC has a higher transaction speed and lower handling fees. Service fees are negligible thanks to two-way exchange support. Furthermore, all transaction details are publicly available, and in reserve pools, users can check the number of issued tokens.

HBTC utilizes a multi-channel system, so users can choose a profitable channel to mint and burn Huobi BTC. HBTC tokens are fully redeemable due to 100% reserve.

Question 4

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

Accepted Answer

Huobi BTC (HBTC) is an [Ethereum](https://coinmarketcap.com/currencies/ethereum/)-based, [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) standard token.

Huobi BTC is backed by [BTC](https://coinmarketcap.com/currencies/bitcoin/) at a 1:1 ratio, thus the circulating supply of tokens is directly dependent on the amount of Bitcoin reserves and HBTC minted. At the time of writing, there are 8,969.5 HBTC in circulation.

Question 5

How Is the Huobi BTC network Secured?

Accepted Answer

Huobi BTC (HBTC) is an ERC-20 token on [Ethereum](https://coinmarketcap.com/currencies/ethereum/), which is secured by a [Proof-of-Stake](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos) (PoS) [consensus mechanism](https://coinmarketcap.com/alexandria/glossary/consensus-mechanism). PoS is a secure and energy efficient algorithm that uses randomly selected validators to confirm transactions and add new blocks to the blockchain.

Question 6

Where Can You Buy Huobi BTC (HBTC)?

Accepted Answer

Users can purchase HBTC on [decentralized exchanges](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) (DEXs) like [MDEX](https://coinmarketcap.com/exchanges/mdex/) and [MakiSwap](https://coinmarketcap.com/exchanges/makiswap/), and [centralized exchanges](https://coinmarketcap.com/alexandria/glossary/centralized-exchange-cex) (CEXs) like [FMFW.io](https://coinmarketcap.com/exchanges/bitcoin-com-exchange/).

Download the CMC [mobile app](https://coinmarketcap.com/mobile/) to track prices of HBTC in real-time.

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Про Huobi BTC

What Is Huobi BTC (HBTC)?

Who Are the Founders of Huobi BTC?

What Makes Huobi BTC (HBTC) Unique?

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

How Is the Huobi BTC network Secured?

Where Can You Buy Huobi BTC (HBTC)?

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