The Helbiz team had ICO in 2018.
Helbiz coin holders lost their money.
Now Helbiz is going to IPO on NASDAQ.

Helbiz coin holders filed a class-action case against Helbiz Inc., Salvatore Palella and others.
Case filed in New York Southern District Court on June 19, 2020
The Helbiz coin is a security - court desicion: on January 22, 2021

Helbiz Pay and HBZ coin

So, in the previous part, I told you about the real-life product of the Helbiz team.

Now, I'm going to tell you about crypto-part of Helbiz — Helbiz Pay — it is a cryptocurrency payment system, that allows users create, store, transmit currency between individuals and locations, buy and sell currency.

HBZ coin — is the main token of Helbiz Pay, which now is realized at ERC-20 format. A little later I will tell about private Helbiz blockchain is developing now.

Helbiz Pay is operated by other company that Helbiz Inc..

I know what you want to say: why there are two companies?

We back to Statement Regarding HBZ, Helbiz & Babylonia
HBZ & Helbiz, Inc & Strategy again, where are explained this, it refers to the legal area and government regulations:

Helbiz Pay, HBZ coin wallet, send and receive

“

It should be clear to everyone that Helbiz & HBZ are deeply connected, and any growth to either highly benefits both. Questioning the relationship is ignorant, but a clear separations of the legal entities and actions of each is essential in order to build and scale a real business operating in the public directly in 2019 while dealing with insurance, governments, licenses, banks and personal liability.

— Helbiz Official

Here's video from Helbiz strategic session about Helbiz Pay from 5:42 minute