HIVE (Cryptocurrency)

HIVE is a cryptocurrency that serves as the primary native top layer token of the Hive ecosystem. It was launched on March 20, 2020, when the Hive blockchain successfully forked from STEEM. The total supply of HIVE is not limited, but its inflation rate currently decreases by 0.01% with every 250,000 blocks, i.e. approximately 0.5% per year. The projected inflation rate is 0.95%.|Reference: (2020) HIVE Whitepaper https://hive.io/whitepaper.pdf Liquid HIVE can be vested into Hive Power. It is traded on cryptocurrency exchanges, decentralized exchanges or via swaps, and accepted as a currency by several local businesses.

HIVE inflation is distributed in the following manner:|Reference: (2020) HIVE Whitepaper https://hive.io/whitepaper.pdf

• 65% fills the Reward Pool
• 15% rewards Hive Power stakeholders
• 10% rewards witnesses for block signing
• 10% funds the Decentralized Hive Fund

Disputes

Hive was launched in March 2020 as a hard fork of the Steem blockchain. The fork was initiated by a group of developers and community members due to concerns over centralization and governance issues within the Steem ecosystem. Following the launch of Hive, users who held STEEM tokens on the original Steem blockchain were airdropped an equivalent amount of HIVE tokens. This distribution ensured that existing Steem stakeholders had a stake in the new Hive ecosystem. To ensure no influence by Steemit, Inc., the so-called Ninja Mined Steem, or the tokens pre-mined by Steemit, Inc., was excluded.

However, the final Airdrop Exclusion Blacklist contained 14 accounts labeled as “Steemit accounts”, 18 accounts labeled as “Tron puppets”, 300 accounts that “voted a minimum of two sockpuppets or proxied someone who voted a minimum of two and who didn't unvote before the hive announcement with more than 1k SP.”|Reference: (2020) Airdrop Exclusion Blacklist https://github.com/openhive-network/hive/blob/0.23.0/libraries/protocol/hardfork.d/0_22.hf Upon community discussion, 30 accounts from the last category were airdropped additionally.|Reference: @hiveio (2020) Community Discussion and Updates: Hive Airdrop Exclusion List and Code Corrections, Core Developer Meetings @hiveio/community-discussion-updates-hive-airdrop-exclusion-core-developer-meetings

List of exchanges trading HIVE

Businesses accepting HIVE

A growing number of businesses is accepting HIVE or HBD as payment, most of them in Venezuela.

• Spend HBD community