How to buy/sell NBS (New BitShares) on Huobi Cryptocurrency exchange?

NBS (New BitShares)

NBS is an open source solution for DeFi business and DEX based on DPOS consensus and implemented with DAO’s organizational management structure

How to buy NBS (New BitShares) on Huobi?

Follow the easy 4 steps below to buy NBS (New BitShares) 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 NBS (New BitShares) derivatives trading.

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What is NBS (New BitShares)?

A. Lock-up mining account: a total of 500 million NBS. This account is an account that rewards NBS tokens and the mortgaged stablecoins produced in the NBS system for lock-up mining. According to the number and time of lock-up by NBS users, the daily reward is 1/1000000000000000000000000000000000000000000000000000 which will be rewarded according to the lockup amount and time. 1 varies. The upper limit of the account’s daily lock-up reward is 1 million NBS, and the NBS network transaction fee income will be supplemented to the account. The specific plan will be notified separately.

B. Fund pool: 480 million in total. The capital pool is used as witness expenses and subsequent development, promotion and marketing funds. The operation of the BTS fund pool is the same as that of the on-chain DPOS voting management method. When the number of affirmative votes for an expenditure proposal exceeds the threshold and exceeds the number of votes for the refund proposal (proposal against expenditure), the fund pool will apply for the proposal daily. amount of funds allocated to this proposal. The maximum daily allocation of the fund pool is 500,000 NBS. Under the premise of abiding by the DPOS principle, the guild will strictly control the expenditure of the capital pool, and the guild’s voting rights will be mainly invested in the refund proposal.

C. Cross-chain exchange account: A cross-chain exchange account with a total of 500 million NBS will be established on the NBS network, and the guild will issue a total of 500 million NEWBS tokens on the BTS network as the cross-chain assets of the NBS network and the BTS network. The NEWBS assets issued on the BTS network and the core assets NBS on the NBS network can be exchanged 1:1 across the chain and are permanently valid. When the user sends NBS tokens to this account on the NBS network and remarks the account name of the BTS network, the corresponding BTS account of the guild will automatically send the same amount of NEWBS tokens to the remarked account name on the BTS network. The reverse is equally valid. The amount of NBS tokens released by this account is only related to cross-chain demand.

D. Operation and marketing reward account: a total of 200 million NBS. According to the actual situation such as market demand and NBS operation needs, after being approved by the core group of the guild and approved by the voting results, the guild will spend an annual limit of 40 million NBS in accordance with the principle of saving costs and improving capital efficiency.

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