XTZ (Tezos) is a blockchain network that supports Turing-complete smart contracts. The mainnet launched in September 2018, and its protocol is designed to facilitate parameter adjustments and protocol updates. Through its on-chain governance system, token holders can decide the upgrade path and priorities for the system, helping to resolve disputes and avoid hard forks of the network. Tezos employs a unique LPOS mechanism, along with formal verification at the code level, ensuring maximum security for the entire network. HXTZ is Huobi Globals XTZ token on the Ethereum blockchain. HXTZ adheres strictly to a 1:1 collateral ratio, meaning for every HXTZ issued, there is 1 XTZ held in the asset’s address, ensuring users can exchange HXTZ for XTZ at a 1:1 ratio anytime.
Features of HXTZ
1. Stable Value. HXTZ is exchangeable at par with XTZ, i.e., 1 HXTZ = 1 XTZ.
2. High Liquidity. XTZ is a well-known premium digital asset. HXTZ, being issued on the Ethereum chain, will bring the same high liquidity to decentralized markets as XTZ.
3. Fast Transaction Speed. The confirmation time for HXTZ deposits and withdrawals has been reduced to within 5 minutes.
4. Transparent and Auditable. Both HXTZ assets on the XTZ side and the Ethereum side are traceable; all swap details will be publicly available on the official website for H-series assets; anyone can freely initiate an audit of HXTZ assets.
5. Multiple User Agent Services Supported. In the future, HXTZ will support multiple user agents to provide swap services, allowing users to choose their preferred agent freely.