How to buy/sell CAN (Channels) on Huobi Cryptocurrency exchange?

CAN (Channels)

Channels is a decentralized lending platform on Heco.

How to buy CAN (Channels) on Huobi?

Follow the easy 4 steps below to buy CAN (Channels) on Huobi.

1. Register a Huobi Global account
   Provide an email address, create a username, and choose a secure password.
2. Verify your account
   After registering and verifying, all you need to do to buy Bitcoin is to provide your name, date of birth, country/region and phone number. For verification information, see the verification documentation.
3. Deposit in fiat currency or cryptocurrency
   To deposit cryptocurrency, you only need to check the encrypted address on Huobi Global and send funds to that address. There are many ways to use fiat currency to fund your account for transactions, including credit cards, cash, and other cryptocurrencies.
4. Start buying Bitcoin on Huobi
   Once your fiat currency or cryptocurrency is in your account, you can start buying Bitcoin. Through your Huobi Global account, you can get trading charts, 24-hour global customer support, and CAN (Channels) derivatives trading.

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What is CAN (Channels)?

Channels is the most secure, lowest borrowing cost, and most liquid lending platform on Heco.

Channels is the safest decentralized lending platform on Heco. As the leading lending product on Heco, Channels excels in asset security, mining revenue and user experience. The borrowing costs of mainstream currencies such as HUSD and USDT are the lowest on Heco.

The specific distribution ratio is:

63% (3.15 million CANs) are reserved for lending mining users (allocated in 3 years); 2,880 CANs are allocated to lending users every day (50% for borrowing and lending users).

4% (200,000 CANs) reserved for the user rewards of the second pool of LP (allocated in 1 year); equal 548 CANs per day.

7% (350,000) is used for market incentives, including but not limited to user rewards of the second pool of LP, official website pledge activities, community activities, global marketing, community rewards, etc. (1 year distribution, appropriate according to the release ratio of the 2 pools Adjusted); equal 959 CAN per day.

13% (65 million units) will be allocated to the team and operations based on a linear monthly unlock for 5 years starting from May 15, 2021 (4 months after the product goes live).

13% (650,000) will be allocated to investors on a monthly linear basis for 3 years starting from May 15, 2021 (4 months after the product goes live).

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