There are two core pieces to the Hop protocol architecture that make this possible.
A cross-network Hop bridge token that can be quickly and economically moved between L2's or claimed on layer-1 for its underlying asset.
Automated Market Makers to swap between each Hop bridge token and its corresponding Canonical Token on each rollup in order to dynamically price liquidity and incentivize the rebalancing of liquidity across the network.
How to Buy HOP on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing HOP. Some reputable platforms include MEXC、KuCoin、BingX, and others.
Step 2: Register an Account
Here, we'll register an account on the KuCoin(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing HOP.
Step 5: Purchase HOP
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of HOP you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy HOP.
Step 6: Store Your HOP
After purchasing, you can choose to store your HOP in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and HOP assets, be sure to use a strong password and enable two-factor authentication.
HOP Price:The Hop Protocol is a decentralized finance (DeFi) solution aimed at enhancing interoperability and efficiency within blockchain networks. It facilitates seamless token transfers across various blockchain layers and sidechains, addressing a key challenge in the blockchain ecosystem: the difficulty of cross-chain interactions.The price fluctuates daily, you can go to the exchange: KuCoin to check the price.
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