Deployed on the Ethereum blockchain network, Huobi BSV (HBSV) has now launched on Huobi Global, accompanied by opening of HBSV deposits and withdrawal services.
1. HBSV Summary
As a fork coin of Bitcoin Cash (BCH), Bitcoin SV bills itself as the original Bitcoin — a cryptocurrency that stays true to the goals of pseudonymous founder Satoshi Nakamoto. BSV is a brand-new implementation of Bitcoin Cash full nodes. Miners use their own computing power to vote to determine the rules of the network.
Launched by Huobi Global and deployed on the Ethereum network, Huobi BSV (HBSV) token maintains a strict, asset-backed 1:1 peg to BSV. Every 1HBSV issued will be fully backed by the same BSV asset quantity to ensure users can perform a 1:1 exchange between HBSV and BSV at any time.
2. Key Features Of HBSV
(1) Pegged Value: HBSV is strictly pegged to BSV, with a strict 1HBSV:1BSV exchange ratio.
(2) High Liquidity: BSV is a well-known digital asset across the cryptocurrency market. As a token deployed on the Ethereum network, HBSV is anticipated to inject liquidity in the decentralized marketplace.
(3) Efficient Trading: Use of HBSV as a BSV on-chain asset transfer mechanism reduces the transaction confirmation period to 5 minutes.
(4) Transparent & Verifiable: Users can verify HBSV assets on both the BSV and Ethereum side. Details of all asset transfers will be published on the official HBSV website. Users can freely verify chain HBSV assets online.
(5) Supports Distributed Services: HBSV will support distributed third-party agents exchange services.
3. HBSV Exchange Services
Users can exchange HBSV for BSV and vice versa on Huobi Global (HBG).
Converting to HBSV: Deposit BSV to HBG. On the withdrawal page, select option to withdraw to HBSV, or deposit BSV onto the HBSV official website to convert to HBSV.
Converting to BSV: Deposit HBSV to Huobi Global. On the withdrawal page, select option to withdraw to BSV, or deposit HBSV onto the HBSV official website to convert to BSV.
4. Relevant HBSV Links:
Official website: https://www.htokens.finance/en-us/
Contract Address: 0x14007c545e6664C8370F27fa6B99DC830e6510a6
HBSV project team aims to integrate centralized markets with the DeFi marketplace via the injection of BSV liquidity to the Ethereum DeFi eco-system, increasing the efficiency of digital asset servicing, and thus reducing the cost of entry into DeFi. Huobi work towards development of HBSV via partner collaboration, to provide users with a better user experience.
October 24, 2020