Deployed on the Ethereum blockchain network, Huobi XTZ (HXTZ) has now launched on Huobi Global, accompanied by opening of HXTZ deposits and withdrawal services.
1. HXTZ Summary
Tezos is a blockchain with Turing complete smart contracts. The main network has been launched from September 2018. Tezos protocol has been carefully designed to make it easier to modify parameters and update protocols. With the self-governance system, the token holder can determine the upgrade roadmap and priority, which will help resolve the dispute and avoid hard fork. In addition, by using it’s unique LPOS mechanism and formal validation in code level, the maximum security of the Tezos network can be guaranteed.
Launched by Huobi Global and deployed on the Ethereum network, HXTZ maintains a strict, asset-backed 1:1 peg to XTZ. Every 1HXTZ issued will be fully backed by the same XTZ asset quantity to ensure users can perform a 1:1 exchange between HXTZ and XTZ at any time.
2. Key Features Of HXTZ
(1) Pegged Value: HXTZ is strictly pegged to XTZ, with a strict 1HXTZ:1XTZ exchange ratio.
(2) High Liquidity: XTZ has the largest market capitalization across the cryptocurrency market and is the most well-known digital asset. As a token deployed on the Ethereum network, HXTZ is anticipated to inject liquidity in the decentralized marketplace.
(3) Efficient Trading: Use of HXTZ as a XTZ on-chain asset transfer mechanism reduces the transaction confirmation period from 1hour to 5 minutes.
(4) Transparent & Verifiable: Users can verify HXTZ assets on both the XTZ and Ethereum side. Details of all asset transfers will be published on the official HXTZ website. Users can freely verify chain HXTZ assets online.
(5) Supports Distributed Services: HXTZ will support distributed third-party agents exchange services.
3. HXTZ Exchange Services
Users can exchange HXTZ for XTZ and vice versa on Huobi Global (HBG) and/or HXTZ official website.
Converting to HXTZ: Deposit XTZ to HBG. On the withdrawal page, select option to withdraw to HXTZ, or deposit XTZ onto the HXTZ official website to convert to HXTZ.
Converting to XTZ: Deposit HXTZ to Huobi Global. On the withdrawal page, select option to withdraw to XTZ, or deposit HXTZ onto the HXTZ official website to convert to XTZ.
4. Relevant HXTZ Links:
Official website: https://www.htokens.finance/en-us/
Contract Address: 0x4A10307E221781570E4B7E409EB315F11E8D0385
HXTZ project team aims to integrate centralized markets with the DeFi marketplace via the injection of XTZ 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 HXTZ via partner collaboration, to provide users with a better user experience.
November 3, 2020