How to add HECO Chain to MetaMask
In this blog, we show you how to add HECO Chain to MetaMask wallet. First, we talk a bit about what Huobi Eco Chain is and what it does, etc. If you do not want to read about that and directly want to see how to add HECO Chain to MetaMask. You can go down this page and start reading “Getting HECO Chain on MetaMask”.
What is HECO Chain
The Huobi ECO Chain also known as HECO Chain is a layer 1 blockchain project initiated by the Huobi global exchange. But works as a layer 2 supplement to Ethereum. The blockchain works highly efficiently and can bridge to other EVM blockchains. The HECO Crypto focuses a lot on innovation and the creation of new blockchain applications. So that all people can use Dapps to the full extent.
As of the beginning of the blockchain, it can process up to 2000 transactions per second. So very fast for a blockchain system in 2021. And on top of that, it has a block production time of 3 seconds on average. This speed makes HECO a good supplement to the slowness of smart blockchains these days. So it can absorb some of the traffic.
Huobi Eco Chain currently has a rollout plan that is defined in 4 stages. Tinder, Spark, Flame, and Blaze. With 2023 as a target date for the last step. Because of this, we expect that the HECO Chain network will upgrade more and more till then. So the network stats mentioned before could improve in the future.
Dapps on HECO Chain Network
From the start, Huobi Eco Chain has seen a fast rise in its total value locked and activity on its Dapps. With a native Defi ecosystem being built on top of it. So that the whole ecosystem can grow. Which has resulted in billions of total value locked (TVL). The native Dapps like MDEX and Filda take the lead on the HECO Chain network. MDEX works like a copy to BSC’s PancakeSwap and is the main DEX on HECO Chain. With a trading volume ranging in the hundreds of millions every day. So you at the moment you could call it the HECO Chain Swap champion.
Huobi HT Token
The HT token, AKA the Huobi Token started out as the main exchange token for the Huobi exchange. The token was originally deployed as an ERC-20 token on the Ethereum blockchain. But can now also be found on many other blockchains including the Huobi eco chain network. The HT token has many features on the Huobi exchange.
- Trading Fee Discount
- Security Deposits of Huobi Project Teams
- Global Elites Security Deposits
- Security Deposits of OTC Merchant
- Huobi Global Ecosystem Fund
- OTC Legal Support
- HT Holder Benefits
- Huobi Eco Partner Trading Zone
- The Huobi Cloud Security Deposits
- The Huobi Club Consumption
- Huobi Prime Participation Privilege
- Huobi FastTrack Vote-to-List
HT token on-chain
Besides all of its features within the Huobi exchange ecosystem. It also has many on the Huobi Chain itself. Here it functions as a governance token. Meaning that because of that validators will need to stake a large amount of the HT tokens. To become a validator, those who are approved to be one will have to be in the top 21 highest stakers. They can either do this by staking a lot of tokens them selfs or by having other people delegate their tokens to them. So if you want to vote with your HT tokens. You can do so by delegating your HT tokens to a validator candidate. But why should you do so? Well, that’s because delegating your tokens will pay you a staking reward. So giving you a nice APY on your tokens.
Next to a governance token, the HT token is also needed to pay for fees on the network. So if you want to send any type of transaction on the network or if you want to deploy a smart contract. You will need some HT tokens to pay for the transaction fees/computer power. To see what the current price of the HT tokens is you can take a look at HECO Coinmarketcap. And for the development progress, you can look at the HECO Chain Github.
Staking on HECO Chain
Huobi Eco Chain makes use of a consensus method called DPOS (Delegated Proof of Stake). Because of this the blockchain only has 21 validators that are voted in by everyone holding HT token. Holders can stake their tokens to a validator to show their vote. The more HT tokens one has, the more voting power one holds.
For a validator to become a validator. They need to do a bit more than just receive votes. On HECO Chain a wannabe validator needs to first submit a proposal. This proposal needs to earn the approval of more than half of the current validators. If the new coming validator receives the approval. Only then can it be voted in by the HT token holders.
Bridging to HECO
Because Huobi Eco Chain is not the only EVM smart chain out there, bridging is important. Because of many Dapps, especially DEXes. Make use of tokens that come from other blockchains. To get a token from, let’s say, Binance smart chain or Kucoin community chain to HECO Chain. You will need a token bridge.
A bridge like this gives you the possibility to have a token exist on multiple different EVM blockchains at the same time. But only through a bridge. Meaning that you can not just send a token from your HECO wallet address to your Avalanche wallet address. Doing so will result in a loss of funds or simply the funds in the wrong account. We do not want this of course. We want the tokens to go to your HECO wallet address. So make sure to always use a bridge. This goes for the main HT token but also for HRC-20, BEP-20, KRC-20, tokens, etc.
HECO Chain Explorer
Like with most blockchains, HECO Chain has multiple blockchain explorers. These explorers are your eyes into the blockchain itself. Because they let you see multiple stats. But also let you search for specific transactions, blocks, and more. So when you want to see if your transaction got through or maybe track a specific transaction or address. You can do so. Currently, Huobi Eco Chain has a few explorers that display the HECO Chain statistics. But this number will probably grow in the future as all smart blockchains have many companies creating explorers for them. On this blockchain, the current most popular 2 are Hecoinfo and HecoScan. Both show you things like market cap, validators, and of course transactions.
Wallets that support HECO Chain
From the start, the HECO Chain had support from, of course, the Huobi Wallet. But besides this wallet, many other wallets and exchanges have also added support for the blockchain. Plus on top of that HECO Chain is fully EVM. Making it so that it can be integrated manually into many other wallets. Wallets like MetaMask and Trust wallet. Because the only thing that wallets like XDefi, Metamask, and Trust wallet need are some info about the blockchain. We of course show this below.
Having this info you can add HECO Chain to many different wallets. But this also goes for other EVM blockchains. So if you want to add any other EVM blockchain to Metamask, Trust Wallet, or any other wallet. You can either read one of our other blogs on that. Or just do the same thing as in this blog but with the URL RPC, block explorer, etc. of a different Smart blockchain.
Now that you are all educated on the Huobi network, are you ready to start learning “how to add HECO Chain to Metamask wallet”? So you can use your own Huobi Eco Chain wallet. Let us now dive into, how to add HECO Chain to Metamask wallet”
Getting HECO Chain on MetaMask
So to add the HECO Chain to MetaMask you have to open the MetaMask wallet (In case you don’t have MetaMask yet, please get it on this page).
Once you have MetaMask installed, open it up on the full screen. So you will have the same screen as in our example here.
Now go to the top right of the screen where it says “Ethereum Mainnet” and click on the little arrow pointing down next to it. This opens the network’s tap where you can select all different types of EVM blockchains (Ethereum virtual machine) networks. Now here you can click on the Custom RPC to add a new custom EVM blockchain network of your choice. In this case, the HECO Chain mainnet.
Now Metamask will ask you for the data needed to connect the wallet to the HECO Mainnet. Please fill in the list below.
|RPC URL HECO:||https://http-mainnet.hecochain.com|
|HECO Block Explorer URL:||https://hecoinfo.com|
When you have done this, you can just click save. And now you have added the Huobi Eco Chain to your MetaMask wallet.
If you would like to switch between the EVM blockchains. Simply click on the Network button in the top right of the screen to select another blockchain.
Because adding different types of EVM blockchains works the same, you can add any EVM blockchain in the same way. But instead of the list given in this blog, you replace that with another network’s ChainID, symbol, etc.
We hope this blog post helped you to integrate a new EVM into your MetaMask crypto wallet. So that you can now use Huobi Eco Chain as much as you want.
Find your wallet here
In case you want to see all the other wallets supporting Huobi Eco Chain. You can simply take a look here to filter between all wallets that do!
So we hope this article taught you more about how to add HECO Chain to MetaMask wallet. But in case you have Questions regarding Crypto or Ethereum? Feel free to ask them on our online Facebook or Telegram groups. Because we are happy to help whenever we can!
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