HBTC represents Bitcoin in the Ethereum ecosystem. Traditional Bitcoins do not allow to use applications on the Ethereum network, such as decentralized exchanges and lending services. HBTC is an Ethereum token that is backed 1:1 by Bitcoin and allows you to use these applications. The 1:1 backing balances the price between HBTC and BTC. HBTC is maintained by the trading platform Huobi Global.
Bitcoin has the major disadvantage that, unlike the Ethereum Blockchain, there is no large ecosystem of applications, such as NFTs, lending protocols or digital exchanges. HBTC gives the possibility to hold a 1:1 backed Bitcoin, but still operate directly in the Ethereum Network. Nevertheless, you should be aware that with HBTC you do not hold a real Bitcoin, but rely on the trading platform Huobi Global.
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Huobi BTC is apowered by,uses to validate transactions,and is.Huobi BTC also supports.
Interesting facts about Huobi BTC
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HBTC gets maintained by Huobi Global.
Each HBTC is backed by one Bitcoin. Thus, the prices converge, but do not necessarily have to be the same.
HBTC is a Bitcoin clone on top of Ethereum.
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Huobi BTC price and insights
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-0% past 1 week
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0% feel totally fine about Huobi BTC today
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0% believe in the potential
0% say the development team is great
0% say the community is great
Market capitalization Very small
24 hour trading volume Very small
Market cap % of total Very small
# Discord members -
# Telegram members -
% of total supply circulating Very small
What’s the community like?
Community matters for projects like Huobi BTC, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.