What is BH Network (BHAT) crypto coin? A real look at the freelance token with almost no liquidity

BH Network (BHAT) is a cryptocurrency built to fix problems freelancers face on platforms like Upwork and Fiverr - high fees, slow payments, and chargebacks. But while the idea sounds promising, the reality is far from it. As of November 2025, BHAT trades at around $0.0004, down 99.5% from its all-time high of $0.34 in 2022. It’s not a failed project - it’s barely alive.

What BH Network actually does

BH Network isn’t just another crypto coin. It’s a two-part system: a freelance marketplace and a project incubator called BHero Launchpad. The goal? Let freelancers and clients cut out middlemen. Instead of paying 10-20% fees to Upwork, users pay 1-3% in BHAT tokens. Payments are locked in smart contracts, so no one can fake a chargeback. And if you’re launching a new crypto project, you can apply to BHero Launchpad for vetting and funding before going public.

The whole thing runs on the MultiversX blockchain, which is fast and cheap. Transactions settle in 6 seconds and cost less than a penny. You don’t need a fancy wallet - just Maiar or XPortal, both made for MultiversX.

The numbers don’t lie - BHAT is barely trading

Here’s the hard truth: BHAT has almost no trading volume. On November 15, 2023, the 24-hour volume was $90.09. That’s less than what you’d spend on lunch. Compare that to CanWork, another freelance crypto project, which trades $15,000 a day. BHAT’s market cap? Around $200,000. That’s less than the price of a small apartment in Boulder.

Why does this matter? Because if you buy BHAT, you might not be able to sell it. Exchanges that list it - Bitforex, CoinTiger, Hotcoin Global - have almost no buyers. One Reddit user tried selling 10,000 BHAT tokens. It took three days to find a buyer. That’s not investing. That’s gambling with your cash locked in a dead market.

Who’s behind BH Network?

The team claims to be made up of freelancers who got tired of being ripped off. They launched BHAT in 2021, pitched it as a solution to payment delays and fraud. Their whitepaper, last updated in March 2022, still outlines the same vision. But since then, there’s been almost no progress.

On GitHub, there were only 12 commits in the past year. That’s less than one update every month. Compare that to active blockchain projects that push out 50-100 commits per week. No real code updates mean no new features, no fixes, no growth. The team hasn’t published a roadmap update since mid-2023. Their Telegram has 1,247 members, but most posts are just “BUY BHAT” memes. No technical discussions. No developer Q&As.

Why no one is using it

The freelance marketplace exists. You can sign up. You can create a profile. But there are no clients. No jobs. No real transactions. A user named FreelanceBob on CryptoCompare said he completed one transaction - but it took 48 hours for the other person to accept the payment. That’s not efficiency. That’s broken.

There’s no proof of users. No case studies. No enterprise clients. Competitors like LaborX report over 100 companies using their platform. BH Network? Nothing. Zero. The project claims “thousands of registered users,” but that’s just sign-ups - not active people doing work.

Experts say it’s a high-risk gamble

Dr. Jane Chen from Delphi Digital put it bluntly: “Projects with market caps under $500,000 and daily volume under $100 are functionally unusable.” She’s not being harsh - she’s stating a fact. If you can’t buy or sell easily, the token has no utility. It’s just a digital collectible with no market.

Even Nansen’s CEO, Alex Svanevik, who sees potential in blockchain freelancing, didn’t name BH Network as a winner. He said the whole category could explode in the next bull market - but only if projects fix their liquidity and attract real users. BH Network hasn’t done either.

Messari’s 2023 report labeled BH Network as “high-risk speculative.” Their reasons? No developer activity. No partnerships. No transparency. Just a whitepaper and a token.

What you need to know before buying

If you’re thinking of buying BHAT, here’s what you’re really doing:

• You’re betting that a team with zero recent code updates will suddenly attract thousands of freelancers and clients.
• You’re assuming a token with $90 in daily volume will suddenly become liquid - even though 87% of micro-cap tokens like this get delisted within 18 months.
• You’re trusting a project that hasn’t updated its website, whitepaper, or API in over two years.

There’s no regulation. No SEC filing. No FCA approval. Nothing. If the team disappears tomorrow, you lose everything. And you won’t have any legal recourse.

Is BH Network worth it?

The idea? Solid. A blockchain-based freelance platform with built-in escrow and low fees? That could be huge. The market for decentralized freelance work is growing fast - projected to hit $12.7 billion by 2027.

But BH Network isn’t capturing any of it. It’s a ghost town. The tech works. The concept works. But the team isn’t building. The users aren’t coming. The liquidity is gone.

If you’re looking for a crypto project to support in the freelance space, look at CanWork, LaborX, or even established names like Basic Attention Token (BAT). They have users. They have volume. They have updates.

BH Network? It’s a cautionary tale. Not a bet.

How to use BHAT if you already have it

If you own BHAT and want to use it:

1. Get a MultiversX wallet (Maiar or XPortal).
2. Send BHAT to the official BH Network freelance marketplace.
3. Try to find a client or job. Good luck.
4. If you want to sell, check Bitforex, CoinTiger, or Hotcoin Global - but expect slippage and delays.
5. Don’t stake it expecting rewards. There’s no proven staking pool with real yield.

There’s no app. No customer support. No help center. Your only option is to wait - or hope someone else buys it from you at a higher price.

What’s next for BH Network?

Their roadmap says they’ll integrate with other blockchains in Q1 2024 and launch a mobile app in Q2 2024. But as of November 2025, neither has happened. No screenshots. No beta testers. No announcements.

Their Twitter has 4,872 followers. Engagement? 1.2%. That’s half the rate of healthy crypto projects. No one’s talking about the tech. No one’s sharing results. Just promotion.

If you’re waiting for BH Network to turn things around, you’re waiting for a miracle. And in crypto, miracles are rare. Especially for tokens with $90 in daily volume.