Difference between revisions of "HIVE Tokens"

Revision as of 00:03, 8 June 2020

Hive has several types of tokens, Hive, Hive Dollars (HBD), and Hive Power (a denomination of VESTS). Hive and hive dollars are liquid while Hive power is not.

Blockchains like Hive and Bitcoin produce new tokens each time a block is produced. Unlike Bitcoin, where all of the new coins go to the block producers (called miners), the Hive blockchain allocates a majority of the new tokens to a reward fund. The reward fund gives users tokens for Hivers participating in the platform.^[1]

When you are paid on the website Hive.blog, you can choose to be paid 50% in HIVE Power and 50% in HIVE Dollars, or 100% in hive power. Here's an example of a 50/50 payout: If you earn $200 on a post, you will get $100 HIVE Dollars, and 50 HIVE Power (assuming HIVE Power is worth $2 each, at the current time).

It's also possible to receive HIVE tokens through other means, such as VESTS through Hive Power Delegation, or transferring Hive Dollars to someone via HIVE Memo.

HIVE

HIVE is the base liquid currency token in the platform. HIVE can be powered up into HIVE Power, traded for Hive Dollars, and transferred to other accounts. It is a cryptocurrency token, similar to bitcoin.^[2] HIVE is the standard Cryptocurrency tradable on various exchanges. Its value can fluctuate just like any other coin.

Read more: HIVE

VESTS (Hive Power)

VESTS are a type of token given to witnesses and content creators and curators. They are denominated as Hive Power on the website Hive.blog.

HIVE Power (abbreviated SP) is a measurement of how much influence a user has in the Hive network. The more HIVE Power a user holds, the more they can influence the value of posts and comments.^[2]

They are non-liquid, thus must be "powered down" before being able to trade them. Powering down Hive Power (VESTS) takes 3 months, and is paid out as 13 weekly payments. The power down rate will stay the same if you earn more HIVE Power while powering down, thus it's recommended to re-power down after earning a large amount of fresh HIVE Power.

HIVE Power gains interest over time, and usually gains interest faster than the power down rate, thus you will still be earning interest while powering down.

Read more: HIVE Power (HP) and Vest

HBD (Hive Dollars)

Hive Dollars are a currency which was designed to be pegged to the US Dollar. They can be converted on Hive.blog into HIVE Power (powering up), or into HIVE (easily tradable on various exchanges).

Hive Dollars may also be converted into HIVE in a process that takes 3.5 days. There are another quick option trading it in the Internal market. Hive Dollars can be used to buy things in marketplaces, such as Peerhub.^[2]

Read more: Hive Dollar (HBD)

References

1. ↑ Where do the new HIVE tokens come from? Hive FAQ, retrieved in 1/1/2018
2. ↑ ^{2.0 2.1 2.2} What is the difference between HIVE, HIVE Power, and Hive Dollars? Hive FAQ, retrieved in 1/1/2018

Links

• Hive.blog : https://hive.blog
• Hive.io : https://hive.io
• @jacobtothe : Worth, Price, Value, and HIVE April 27, 2020

Related articles

• How to transfer HIVE between Hive account to Exchanges
• Increase your Hive Net Worth
• Peerhub
• Hive
• Hive Exchanges
• Hive Wallets
• Hive.blog

External Links

• Everipedia: Steem Written by Vitaly Kolesnik (@vitkolesnik), retrieved in 1/23/2018
• Mycryptopedia : What is STEEM? Written by unsigned, retrieved in 11/16/2017
• Capital.com : Your guide to trading Steem (STEEM) Written by unsigned, retrieved in 2/17/2020
• Be In Crypto: STEEM Soars Above Its Consolidation Range Written by Valdrin Tahiri, published in 2/14/2020
• Brave New Coin: STEEM Price Analysis: Engine in need of a restart Written by Aditya Das, published in 6/11/2019
• WalletInvestor : Steem Prediction, STEEM Forecast Price Charts - Is Steem a Good Investment? Written by unsigned, retrieved in 12/26/2017
• CoinDataFlow : Steem (steem) Price, Charts, Market Cap, Live and History Index Value Written by Sharilovav, published in 3/01/2020
• Time Money : These Are the 5 Safest Cryptocurrencies to Invest In, According to a Prominent Rating Firm Written by Ryan Derousseau, published in 3/28/2018
• CCN : Steem Price Mounts 50% Rally After Ratings Firm Issues Bullish Grade Written by Josiah Wilmoth, published in 1/25/2018
• Hacked : Steem: Long-Term Potential Worth the Risk? Written by Alex Moskov, published in 11/26/2017
• Blockchain.Wtf : Steem: a truly rewarding social media platform Written by unsigned, with a embedded YouTube video published in 10/15/2017
• Suppoman Udemy YouTube Channel : New Steemit? Is this the next big crypto? Video tutorial by Suppoman, published in 9/8/2017. 19.709 views in 9/11/2017
• Conpay Blog : Conpay terminals started to accept tokens of social network platforms steemit and golos.io Written by conpay, published in 8/31/2017
• Craig Grant : Dan Larimer talks about STEEM blockchain and Steemit Edition of the video interview with Dan Larimer hosted by Alex Sterk. Edited (only parts about Steemit) by Craig Grant (@craig-grant) and published in 5/18/2017
• Boxmining YouTube Channel : STEEM Explained: STEEM, STEEM Power and SBD Video tutorial by @boxmining, published in 5/8/2017
• Andrew Levine YouTube Channel : Steemit 101 - Steem, Steem Dollars, and Steem Power Video by Andrew Levine, published in 7/15/2016
• CoinDesk : Steemit Bridges Blockchain and Social Media, But How Does It Work? Written by Jacob Donnelly (@jaycodon), published in 8/13/2016

In other languages

• Bahasa Indonesia (Indonesian) : Hive Token (id)
• 繁體中文 (Chinese, Traditional) : Hive代幣
• 简体中文 (Chinese, Simplified) : Hive代币
• Español : Criptomonedas Hive
• Français : Jetons Hive
• Galego : Tokens Hive
• Italiano : Criptovalute HIVE
• 日本語 (Japanese): HIVEトークン