Huobi Wallet becomes iToken, hosts Tesla giveaway

Huobi Wallet (HT/USD), a secure and professional DeFi wallet, is changing its name to iToken and will become a decentralized investment platform after receiving a $200 million investment from Huobi Group, Invezz learned from a press release. Users will now be able to access various dApps and DeFi services.

iToken will allocate half of the investment to daily operations and the other half towards risk reserves for its newly launched wealth management features.

Top-quality digital asset management capabilities

iToken will provide financial and investment management and market information as well as roll out additional features to allow users to benefit from top-quality digital asset monitoring.

Users can win Tesla’s all-time best-selling electric car, the Model 3, in a special launch campaign. It will take place from 25th May to 21st June 2022.

Users have full control over digital assets

iToken allows users to have full control over their digital assets as a professional one-stop investment portal. They will be managing their own private keys. Multiple data safety measures are in place, such as encryption and security isolation.  

A host of useful DeFi tools

Users will not only be able to add and manage digital assets seamlessly, but also access TVL rankings, built-in dApp security reports, instant swaps across chains, and other useful DeFi tools.

iToken has integrated NFT rankings, allowing users to obtain current data, review NFTs on various public chains, and make the best decisions on their trades.

Future milestones

iToken is working on a cloud wallet product that will be integrated in the exchange, letting users view the status of their NFTs, DeFi investments, and more. All they need is a reliable internet connection to manage on-chain assets.

Liser Lee, Head of iToken, commented:

Digital asset wallets are aplenty in the market, but iToken goes several steps beyond the mere storage of digital assets to include dApps and cross-chain swaps. By empowering users to wholly take charge of their investments we hope to pave the way toward true decentralized financial freedom.

The post Huobi Wallet becomes iToken, hosts Tesla giveaway appeared first on Invezz.