Deployed on the Ethereum blockchain network, Huobi FIL (HFIL) has now launched on Huobi Global, accompanied by opening of HFIL deposits and withdrawal services.
1. HFIL Summary
Launched by Huobi Global and deployed on the Ethereum network, Huobi FIL (HFIL) token aims to promote the growth of the decentralized marketplace by injecting Filecoin (FIL), the largest and most liquid asset, into the decentralized finance (DeFi) eco-system. HFIL maintains a strict, asset-backed 1:1 peg to FIL. Every 1HFIL issued will be fully backed by the same FIL asset quantity to ensure users can perform a 1:1 exchange between HFIL and FIL at any time.
2. Key Features Of HFIL
(1) Pegged Value: HFIL is strictly pegged to FIL, with a strict 1HFIL:1FIL exchange ratio.
(2) High Liquidity: FIL 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, HFIL is anticipated to inject liquidity in the decentralized marketplace.
(3) Efficient Trading: Use of HFIL as a FIL on-chain asset transfer mechanism reduces the transaction confirmation period to 5 minutes.
(4) Reduction in Trading Fees: Use of HFIL to effect on-chain FIL transfers between platforms incurs the same fee rates as other ERC20 tokens, which is relatively cheaper than FIL charges.
(5) Transparent & Verifiable: Users can verify HFIL assets on both the FIL and Ethereum side. Details of all asset transfers will be published on the official HFIL website. Users can freely verify chain HFIL assets online.
(6) Supports Distributed Services: HFIL will support distributed third-party agents exchange services.
3. HFIL Exchange Services
Users can exchange HFIL for FIL and vice versa on Huobi Global (HBG).
Converting to HFIL: Deposit FIL to HBG. On the withdrawal page, select option to withdraw to HFIL, or deposit FIL onto the HFIL official website to convert to HFIL.
Converting to FIL: Deposit HFIL to Huobi Global. On the withdrawal page, select option to withdraw to FIL, or deposit HFIL onto the HFIL official website to convert to FIL.
4. Relevant HFIL Links:
Official website: https://www.htokens.finance/en-us/
Contract Address: https://etherscan.io/address/0x9afb950948c2370975fb91a441f36fdc02737cd4
HFIL project team aims to integrate centralized markets with the DeFi marketplace via the injection of FIL 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 HFIL via partner collaboration, to provide users with a better user experience.
October 17, 2020