Huobi BCH (HBCH) (HBCH)

## HBCH (H-Token Bitcoin Cash) HBCH represents Bitcoin Cash (BCH) on Ethereum, allowing BCH holders to engage with DeFi applications while maintaining their investment in Bitcoin Cash. This ERC-20 token mirrors the value of BCH, providing a bridge between BCH and the growing world of Ethereum-based DeFi. H-Tokens, developed by Huobi's blockchain team, are a collection of digital assets minted on the Ethereum and Tron blockchains. Designed to seamlessly integrate mainstream cryptocurrencies into the decentralized finance (DeFi) ecosystem, these tokens facilitate a robust bridge between centralized finance (CeFi) and DeFi. Each H-Token is backed on a 1:1 basis by the cryptocurrency it represents, ensuring value consistency and stability across trading platforms. ## Key Features of H-Tokens: * **Security and Reliability:** Leveraging Huobi’s extensive risk control and asset management experience, H-Tokens provide a secure environment for digital asset transactions. * **Transparency and Auditability:** The issuance and reserves associated with H-Tokens are fully transparent, with all related data readily accessible for public auditing. * **Enhanced Liquidity:** By standardizing assets on the ERC-20 and TRC-20 protocols, H-Tokens enhance liquidity within the DeFi space, facilitating efficient cross-platform exchanges. * **Flexible Exchange Mechanisms:** H-Tokens support diverse transaction methods, accommodating various user preferences for asset conversion and management. * **Full Collateralization:** Each token is fully backed by a corresponding amount of the underlying asset, which guarantees that all H-Tokens are redeemable at any time. H-Tokens aim to enrich the Ethereum and Tron ecosystems by providing direct usability of wrapped mainstream cryptocurrencies in DeFi applications like Uniswap, Curve, and others. They address the need for high-quality crypto assets in DeFi, promoting broader financial inclusion and market growth. ## Note on Heco-Peg Tokens: While H-Tokens are specifically designed for the Ethereum and Tron networks, Heco-Peg Tokens are distinct assets issued on the Huobi Eco Chain (HECO). Heco-Peg Tokens aim to provide similar functionality within the HECO ecosystem, facilitating the use of mirrored versions of popular cryptocurrencies. However, these are not interchangeable with H-Tokens and are intended to serve the HECO network exclusively.