Blue Helix is an exchange which is pushing toward a decentralized topology in a regulator-friendly manner. They raised $15 million from institutional investors including Huobi and OKEx by selling equity about six months ago, and last week they launched the beta of their exchange product, along with the BHT token.
Currently in Beta, the Blue Helix exchange offers OTC sales (for CNY) of Bitcoin, as well as a handful of trading pairs including EOS/USDT and ETH/BTC.
The BHT token is not a typical fund-raising option in that people cannot simply make an investment in the network and receive a set number of tokens. Instead, BHT are rewards for buying “points” on the BHEX exchange. These points are then used to secure discounts on trading fees. It’s similar to the Binance BNB token, where for the first few years of the token’s existence, users get trading fee discounts if they choose to pay in BNB.