8000 Hive Power Target complete! Next is 10000HP till June

almost 3 years ago

Hello friends

Why to accumulate Hive token?

for that you need to understand a lot and its ecosystem as fundamental and how it can compete with market price if its value is relative down compare to other tokens.

hive ecosystem.PNG

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Basic to advance

Hive Blockchain is a blockchain technology company that aims to build a sustainable and secure decentralized ecosystem. Its vision is to provide a platform for the development and deployment of decentralized applications (DApps) and smart contracts.

Hive Blockchain's primary focus is on the development and expansion of its flagship blockchain, Hive. Hive is a decentralized blockchain that enables fast and secure transactions, making it ideal for use in various industries. The company believes that Hive can play a significant role in the transformation of various sectors, such as finance, healthcare, supply chain management, and others, by providing efficient and cost-effective solutions.

Hive Blockchain also envisions a future where blockchain technology can create new opportunities for businesses and individuals. The company believes that blockchain technology can provide a more transparent, decentralized, and secure way of conducting transactions and exchanging information. It can also reduce transaction costs, increase efficiency, and remove intermediaries.

In summary, Hive Blockchain's vision is to become a leading blockchain technology provider, driving innovation and creating new opportunities for businesses and individuals. The company aims to achieve this by continuing to develop and expand its blockchain technology, partnering with other companies and organizations, and fostering a vibrant and growing blockchain community.

Tokenomics

Tokenomics is a term used to describe the economics of a blockchain-based system or a token economy. It refers to the study of how tokens (digital assets) are created, distributed, and used within a network, as well as the mechanisms that govern their value and price.

Hive (HIVE) is the native token of the Hive blockchain, and it plays a critical role in the ecosystem's tokenomics. Here are some of the key elements of Hive's tokenomics:

Token Distribution: Hive's token distribution is unique compared to other blockchain networks. It was initially created by forking the Steem blockchain and redistributing the existing Steem holders' tokens. As a result, the initial distribution of Hive tokens was relatively decentralized, with many users receiving a portion of the tokens.

Token Supply: The total supply of Hive tokens is capped at 1 billion, with new tokens created through a reward system called Proof of Brain (PoB). PoB rewards users who contribute to the network by creating and curating content, and the rewards are distributed in Hive tokens.

Token Utility: Hive tokens have several utilities within the network. They are used as a means of exchange for goods and services on the blockchain, and they also serve as a store of value. Additionally, Hive tokens are used to power the network's governance system, allowing token holders to vote on proposals and decisions related to the ecosystem's development.

Token Governance: Hive has a decentralized governance system that is entirely community-driven. Token holders can submit proposals for network development and improvement, and other token holders can vote on them using their Hive tokens. The proposals that receive the most votes are implemented, which allows the community to direct the development of the ecosystem.

Token Price: Hive tokens are traded on various cryptocurrency exchanges, and their price is determined by the forces of supply and demand. As more people use and adopt the Hive blockchain, the demand for Hive tokens may increase, potentially leading to an increase in price.

Overall, Hive's tokenomics is designed to incentivize network participation and community-driven governance, promoting decentralization and collaboration within the ecosystem.