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Hive is a decentralized blockchain and social media platform that allows users to create and share content, interact with others, and potentially earn rewards in the form of cryptocurrency. It is built on a fork of the Steem blockchain and emphasizes decentralization and censorship resistance.
Fit for The Web3 Index
Hive showcases the potential of decentralized social media platforms and demonstrates real-world usage of blockchain technology. It provides a platform for content creators and users to interact in a decentralized manner, which aligns with the goals of the Web3 Index.
Tokenomics
Hive has two native cryptocurrencies: Hive (HIVE) and Hive Backed Dollars (HBD).
HIVE is the primary token of the Hive blockchain. It is used for various purposes within the ecosystem, including governance, voting, and rewarding content creators and curators. Users can earn HIVE tokens by creating and curating content on the platform.
HBD, or Hive Backed Dollars, is intended to be pegged to the United States Dollar (USD) at a one-to-one ratio. It is designed to provide stability and act as a medium of exchange within the Hive ecosystem.
Demand and Supply Participants
Demand side participants: Content creators, users, and consumers on the Hive platform interact by creating and sharing content, engaging in discussions, curating content, and participating in various activities within the ecosystem.
Supply side participants
The supply of HIVE tokens is maintained through block production by witnesses (block producers) who validate transactions and secure the network. Additionally, users can acquire HIVE tokens through exchanges or by earning them through content creation and curation.
Cumulative Fees
Fee-less
Fee Data Source
hiveblocks.com
Website
You can find more information about Hive on their official website: hive.io
Twitter
You can follow Hive on Twitter for the latest updates: @hiveblocks
Coingecko or Coinmarketcap URL
Here are the CoinGecko and CoinMarketCap URLs for Hive:
Protocol Name
Hive Blockchain
Symbol
HIVE
Category
Social Media/Content Platform
Subcategory
Blockchain-based Social Media
Description
Hive is a decentralized blockchain and social media platform that allows users to create and share content, interact with others, and potentially earn rewards in the form of cryptocurrency. It is built on a fork of the Steem blockchain and emphasizes decentralization and censorship resistance.
Fit for The Web3 Index
Hive showcases the potential of decentralized social media platforms and demonstrates real-world usage of blockchain technology. It provides a platform for content creators and users to interact in a decentralized manner, which aligns with the goals of the Web3 Index.
Tokenomics
Hive has two native cryptocurrencies: Hive (HIVE) and Hive Backed Dollars (HBD).
HIVE is the primary token of the Hive blockchain. It is used for various purposes within the ecosystem, including governance, voting, and rewarding content creators and curators. Users can earn HIVE tokens by creating and curating content on the platform.
HBD, or Hive Backed Dollars, is intended to be pegged to the United States Dollar (USD) at a one-to-one ratio. It is designed to provide stability and act as a medium of exchange within the Hive ecosystem.
Demand and Supply Participants
Demand side participants: Content creators, users, and consumers on the Hive platform interact by creating and sharing content, engaging in discussions, curating content, and participating in various activities within the ecosystem.
Supply side participants
The supply of HIVE tokens is maintained through block production by witnesses (block producers) who validate transactions and secure the network. Additionally, users can acquire HIVE tokens through exchanges or by earning them through content creation and curation.
Cumulative Fees
Fee-less
Fee Data Source
hiveblocks.com
Website
You can find more information about Hive on their official website: hive.io
Twitter
You can follow Hive on Twitter for the latest updates: @hiveblocks
Coingecko or Coinmarketcap URL
Here are the CoinGecko and CoinMarketCap URLs for Hive:
Hive on CoinGecko
Hive on CoinMarketCap
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