Huobi’s BETH (Beacon ETH) and ETH2.0 One-click Exchange. Here is everything you need to know.
ETH2.0 One-click Exchange
BETH is the beacon chain ETH (Beacon ETH) obtained by users participating in ETH 2.0 pledge mining.
Daily users can enjoy ETH 2.0 pledge chain rewards and HPT airdrop rewards based on the BETH held in Huobi Global.
Phase 0 is the creation phase of ETH2.
The beacon chain starts and becomes the coordinator and manager of the interaction between the 64 shard chains in Phase 1. In Phase 1.5, the PoW chain Ethereum 1.x based on the proof-of-work mechanism will be merged into ETH2 in the form of a shard chain.
Realize complete functions including smart contracts in Phase 2.
At present, Ethereum is a blockchain network with proof-of-work POW.
The mining cost is extremely high and requires a lot of resources such as hardware and electricity.
It is difficult for ordinary users to participate, so that the degree of centralization is getting higher and higher.
Go to Huobi ETH2.0 One-click Exchange
ETH 2.0 one-click currency exchange rules
| Exchange ratio: | 1ETH : 1BETH |
|---|---|
| Minimum number of participants: | 0.1 ETH |
| BETH price: | Huobi Global has now opened BETH trading, and opened BETH/USDT, BETH/ETH trading pairs. |
| Reward distribution: | BETH income on the ETH 2.0 staking chain + additional HPT rewards, which will be distributed on T+1 day according to the snapshot of BETH holdings. The annualized rate of return is expected to be between 6%-20%, depending on the actual receipt. |
| Penalty and forfeiture risk: | After ETH2.0 is exchanged, there is a risk of forfeiting part of BETH, which is borne by Huobi Global, and users do not need to pay. |
Based on the rules of the ETH 2.0 chain, after participating in the ETH 2.0 exchange, ETH will be exchanged for BETH and cannot be retrieved.
Since ETH 2.0 Phase 0 does not support transfer operations, BETH cannot be withdrawn.
The opening time for deposit and withdrawal is based on the development progress of ETH 2.0, which is expected to be 1-2 years.
BETH transaction & snapshot rules
The exchanged BETH has a 48-hour lock-up period, during which the profit is calculated, but it cannot be traded.
After 48 hours of exchange, BETH will be automatically unlocked and can be traded normally.
BETH is an equity token. If users sell before the snapshot, they will not receive ETH 2.0 on-chain rewards and HPT airdrop rewards.
A snapshot of the user’s BETH balance will be taken at random around 24:00 every day, and ETH 2.0 on-chain rewards and HPT airdrop rewards will be issued to the user’s currency account on T+1 day according to the balance at the time of the user’s snapshot.
If the ETH Beacon chain is abnormal, the income distribution will be based on the actual situation on the chain.
Go to Huobi ETH2.0 One-click Exchange
Please check Huobi official website or contact the customer support with regard to the latest information and more accurate details.
Huobi official website is here.
Please click "Introduction of Huobi", if you want to know the details and the company information of Huobi.
Comment by Hans
April 24, 2024
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