Huobi Eco Chain (Heco), a high-performance decentralized blockchain, has officially launched its mainnet as of December 21, 2020. Designed to enhance decentralized finance (DeFi) ecosystems, Heco offers:
- Higher transaction throughput
- Lower gas fees
- Seamless cross-chain interoperability for mainstream assets
Key Features of Heco
Meta-Transaction Functionality
Heco’s meta-transactions allow developers to streamline on-chain operations by enabling gas fee sponsorship. This feature reduces end-user costs by:
- Providing fee subsidies based on the caller’s HT (Huobi Token) holdings.
- Offering targeted fee discounts for specific decentralized applications (DApps).
HT Holding-Based Fee Discounts
Users and developers qualify for tiered discounts on transaction fees depending on their HT holdings:
| Tier | HT Holdings (units) | Discount Rate |
|------|---------------------|--------------|
| 1 | ≥ 0 | 0.00% |
| 2 | ≥ 10 | 10.00% |
| 3 | ≥ 100 | 20.00% |
| 4 | ≥ 500 | 40.00% |
| 5 | ≥ 1000 | 55.00% |
| 6 | ≥ 2000 | 60.00% |
| 7 | ≥ 5000 | 65.00% |
Development Roadmap
Heco’s rollout is divided into four phases:
- Spark (Launch phase, active since December 21, 2020)
- Blaze (Node recruitment begins Q1 2021)
- Wildfire
- Pioneer
👉 Explore Heco’s official portal for updates
Risk Mitigation Guidelines
- Verify official announcements via Heco’s authorized social channels to avoid scams.
- No paywalls: Participation in Heco’s testnet and mainnet is entirely free.
- Testnet vs. Mainnet: Testnet assets hold no monetary value; exercise caution against counterfeit tokens.
- Secure access: Only use the official Heco website to prevent phishing attacks.
FAQs
Q: How does Heco’s meta-transaction feature work?
A: It allows third parties (e.g., DApps) to cover users’ gas fees, reducing entry barriers for new adopters.
Q: What are the benefits of holding HT on Heco?
A: HT holders receive graded discounts on transaction fees, with higher balances unlocking greater savings.
Q: When will node recruitment begin?
A: Public node recruitment is slated for Q1 2021 during the "Blaze" phase.
Q: Is Heco compatible with Ethereum-based assets?
A: Yes, Heco supports cross-chain bridging for major assets, ensuring interoperability.
👉 Learn more about Heco’s DeFi integrations
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