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Huobi Wallet Now supports Cosmos' ATOM Token


Huobi Wallet made a recent announcement that it will extend its support towards Cosmos Network’s ATOM. In addition to that, Huobi has now started serving as a COSMOS validator for ATOM delegators.

Huobi Group consists of ten upstream and downstream enterprises and is the world’s leading blockchain company.

Executive Opinion

Huobi Group's Head of Marketing, Ross Zhang said, "Huobi Global is one of the first major exchanges to list ATOM for trading and the Cosmos project has definitely attracted a lot of our users' attention. Adding support on Huobi Wallet and serving as a validator is another step forward in our efforts to support their entire ecosystem."

Cosmos Network and ATOM

The primary purpose of Cosmos Network’s mission is to become the ‘Internet of Blockchains’. Cosmos Network's mission is to create a secure and scalable blockchain ecosystem that serves as a central hub for decentralized applications across the new token economy.

Cosmos Hub is the first of thousands of interconnected blockchains. It uses an ATOM as its primary token. Users holding ATOM tokens will contribute towards the security and governance of the Cosmos Hub. ATOM tokens can be delegated to one of the several validators on Cosmos Hub blockchain and in turn, users can earn more ATOM tokens through Proof-of-Stake protocol.

Huobi Wallet charges only 1% commission for delegation service. Huobi Wallet also covers the losses for the delegators by offering one of the only slashing insurance services available on the market.

More about Huobi Wallet

The announcement noted that ATOM is the 13th mainchain token supported by Huobi Wallet. Huobi Wallet also supports Tron, EOS, and Ontology (ONT) and Ethereum tokens as well as staking service for IOST (IOST), ONT, and ATOM. Additionally, Huobi Wallet already supports Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Bitcoin SV (BSV) Tron (TRX), XRP (XRP), EOS (EOS), Ethereum Classic (ETC), and Litecoin (LTC) along with eight Stablecoins, states the announcement.

These stablecoins include Tether (USDT), EURT (EURT), Paxos Standard Token (PAX), TrueUSD (TUSD), USD Coin (USDC), Gemini Dollar (GUSD), Dai (DAI), Stasis EURS (EURS).

Huobi Wallet claims to be designed to facilitate fast, efficient, and secure management of various digital assets. The users have been kept as the top priority. They are allowed to retain control of their private keys and hence they become complete owners of their digital assets. Above all that, Huobi Wallet leverages multiple blockchain security-related patents. These security patents help Huobi to provide state of the art protection, security isolation and data encryption, says the announcement.

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Dushyant Bhadauria Opinions expressed by techsutram contributors are their own. More details

Dushyant is an fanatic student of journalism and mass communication. His interest in the subject arises specifically because of business communication. He is interested in this field because he believes that through his readings he can assist other beings in making the right decisions related to business.

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