The rapidly evolving blockchain ecosystem continues to expand cross-chain interoperability, and HTX is at the forefront of this movement. In a recent update, HTX announced the official support for deposit and withdrawal functionalities of seven key pegged tokens on the HECO (Huobi ECO Chain) network. This enhancement strengthens user access to multi-chain assets and improves liquidity across decentralized platforms.
New Pegged Tokens Now Supported on HECO
HTX has enabled full deposit and withdrawal capabilities for the following digital assets via the HECO network:
- MAN (Metadium)
- GET (Get Protocol)
- BOX (DefiBox)
- ADA (Cardano)
- XRP (Ripple)
- DOGE (Dogecoin)
- EOS
These tokens exist on HECO as Heco-Peg variants, including Heco-Peg MAN Token, Heco-Peg GET Token, Heco-Peg BOX Token, Heco-Peg ADA Token, Heco-Peg XRP Token, Heco-Peg DOGE Token, and Heco-Peg EOS Token. As wrapped representations of their original counterparts, they allow users to leverage these popular assets within the high-efficiency, low-cost HECO environment.
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Understanding Heco-Peg Tokens and Their Role
Heco-Peg tokens are cross-chain bridged assets that mirror the value of their native blockchain equivalents. They are created through a trustless or custodial bridging mechanism that locks the original asset and mints an equivalent token on HECO. This enables seamless interaction with decentralized applications (dApps), yield farming protocols, and decentralized exchanges (DEXs) built on the Huobi ECO Chain.
For example:
- Holding Heco-Peg ADA allows you to use Cardano’s value within DeFi protocols on HECO.
- Using Heco-Peg XRP opens opportunities for fast, low-fee transactions in HECO-based financial ecosystems.
These bridged tokens maintain a 1:1 peg with their underlying assets, ensuring price parity and reliable valuation across chains.
Key User Guidelines for Deposits and Withdrawals
To ensure smooth and secure transactions, users must follow specific guidelines when handling these pegged tokens:
1. Chain Compatibility Is Critical
Heco-Peg tokens are exclusive to the HECO network. They cannot be transferred to other blockchain networks such as Ethereum, Binance Smart Chain (BSC), or the original native chains (e.g., Cardano for ADA). Attempting cross-network transfers may result in irreversible loss of funds.
Always confirm the network selection is set to "HECO" when depositing or withdrawing these assets.
2. Use Correct Network Labels
When initiating transactions through wallets or exchanges:
- Select HECO as the transfer chain.
- Verify that your receiving address supports HECO network transactions.
- Double-check that both sender and recipient platforms recognize Heco-Peg variants of these tokens.
Mistakenly sending Heco-Peg ADA over the Ethereum network—or vice versa—will lead to failed transactions or permanent fund loss.
Expanded Asset Support Across HECO
This update brings HTX’s total number of supported assets on the HECO network to 66, reflecting its growing role in the multi-chain economy. The platform now supports a wide array of major cryptocurrencies and DeFi tokens, including:
- Stablecoins: USDT, USDC, DAI, HUSD
- Blue-chip Cryptocurrencies: BTC (WBTC), ETH, ADA, XRP, DOGE, EOS
- DeFi Leaders: UNI, AAVE, COMP, SNX, LINK, CRV
- Huobi-native Assets: HT, HBTC, HDOT, HBC
This extensive support empowers traders and investors to manage diversified portfolios directly within the HECO ecosystem—taking advantage of faster confirmations and lower gas fees compared to congested networks like Ethereum.
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Benefits of Using HECO Network Assets
Choosing to operate with pegged tokens on HECO offers several strategic advantages:
Lower Transaction Costs
HECO is known for its minimal gas fees, making micro-transactions and frequent trading economically viable—especially for high-volume users.
Faster Confirmation Times
With a consensus mechanism optimized for speed, HECO processes blocks significantly faster than proof-of-work chains.
Seamless dApp Integration
Users can directly engage with leading decentralized finance applications such as MDEX, ForTube, and DefiBox without needing to convert assets multiple times.
Enhanced Liquidity Access
By bringing major assets like ADA, XRP, and DOGE onto HECO, users gain access to new liquidity pools and yield farming opportunities denominated in familiar tokens.
Frequently Asked Questions (FAQ)
Q: What are Heco-Peg tokens?
A: Heco-Peg tokens are cross-chain versions of popular cryptocurrencies that are pegged 1:1 to their original assets and operate on the Huobi ECO Chain (HECO). They enable users to use non-native assets within HECO’s DeFi ecosystem.
Q: Can I send Heco-Peg ADA to an Ethereum wallet?
A: No. Heco-Peg ADA only functions on the HECO network. Sending it to an Ethereum address will result in permanent loss. Always verify the correct network before any transaction.
Q: Why did HTX add support for these seven tokens?
A: To meet growing demand for multi-chain accessibility and improve user flexibility in trading, staking, and participating in DeFi across different ecosystems.
Q: Are there additional fees for using Heco-Peg tokens?
A: Standard deposit and withdrawal fees apply based on network conditions. However, HECO generally offers lower fees than many alternative blockchains.
Q: How do I know if my wallet supports HECO?
A: Wallets like MetaMask support HECO by manually adding its custom RPC settings. Ensure your wallet recognizes the HECO network and displays your balance correctly after adding it.
Q: Is HTX planning to add more pegged tokens in the future?
A: While no official roadmap is published, HTX has consistently expanded its multi-chain offerings, suggesting ongoing development in cross-chain asset integration.
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Final Thoughts
The introduction of deposit and withdrawal services for seven new pegged tokens marks a significant step forward in HTX’s commitment to multi-chain interoperability. By supporting MAN, GET, BOX, ADA, XRP, DOGE, and EOS on the HECO network, HTX enhances user freedom and expands access to decentralized finance innovations.
As blockchain ecosystems continue to fragment across multiple chains, platforms that prioritize seamless cross-chain experiences will lead the next phase of crypto adoption. Ensuring proper network selection and understanding the nature of pegged tokens are essential steps every user must take to protect their investments and fully benefit from these advancements.
With over 60 supported assets on HECO, HTX solidifies its position as a versatile gateway between centralized exchange functionality and decentralized financial innovation.