Difference between revisions of "HIVE Tokens"
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− | + | Hive has several types of tokens, '''Hive''', '''Hive Dollars''' (HBD), and '''Hive Power''' (a denomination of [[Vest|VESTS]]). Hive and hive dollars are [[liquid]] while Hive power is not. | |
− | [[Blockchain|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 [[ | + | [[Blockchain|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 [[Hiver|Hivers]] participating in the platform.<ref>[https://hive.blog/faq.html#Where_do_the_new_HIVE_tokens_come_from Where do the new HIVE tokens come from?] '''Hive FAQ''', retrieved in 1/1/2018</ref> |
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). | 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 [[ | + | It's also possible to receive HIVE tokens through other means, such as VESTS through [[Hive Power Delegation]], or transferring [[Hive Dollar (HBD)|Hive Dollars]] to someone via [[HIVE Memo]]. |
=== HIVE === | === HIVE === | ||
− | [[HIVE]] is the base liquid currency token in the platform. HIVE can be powered up into [[HIVE Power]], traded for [[HIVE Dollar (HBD)|Hive Dollars]], and transferred to other accounts. It is a cryptocurrency token, similar to bitcoin.<ref name=FAQ>[https://hive.blog/faq.html#What_is_the_difference_between_HIVE__HIVE_Power__and_Hive_Dollars What is the difference between HIVE, HIVE Power, and Hive Dollars?] ''' | + | [[HIVE]] is the base liquid currency token in the platform. HIVE can be powered up into [[HIVE Power (HP)]], traded for [[HIVE Dollar (HBD)|Hive Dollars]], and transferred to other accounts. It is a cryptocurrency token, similar to bitcoin.<ref name=FAQ>[https://hive.blog/faq.html#What_is_the_difference_between_HIVE__HIVE_Power__and_Hive_Dollars What is the difference between HIVE, HIVE Power, and Hive Dollars?] '''Hive FAQ''', retrieved in 1/1/2018</ref> [[HIVE]] is the standard [[Cryptocurrency]] tradable on various [[Hive Exchanges|exchanges]]. Its value can fluctuate just like any other coin. |
Read more: [[HIVE]] | Read more: [[HIVE]] | ||
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=== VESTS (Hive Power) === | === VESTS (Hive Power) === | ||
− | [[Vest|VESTS]] are a type of token given to | + | [[Vest|VESTS]] are a type of token given to [[Hive Witness|witnesses]] and [[Author|content creators]] and [[Curation|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.<ref name=FAQ /> | 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.<ref name=FAQ /> | ||
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=== HBD (Hive Dollars) === | === 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 ( | + | 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 (HP)|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]].<ref name=FAQ /> | 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]].<ref name=FAQ /> | ||
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* '''Hive.blog''' : https://hive.blog | * '''Hive.blog''' : https://hive.blog | ||
* '''Hive.io''' : https://hive.io | * '''Hive.io''' : https://hive.io | ||
− | + | * '''@jacobtothe''' : [https://hive.blog/ramblewrite/@jacobtothe/worth-price-value-and-hive Worth, Price, Value, and HIVE] ''April 27, 2020'' | |
− | * '''@ | + | * '''@sidwrites''' : [https://hive.blog/hive-174578/@sidwrites/how-to-earn-hive-tokens Ultimate Guide: What Are The Different Ways To Earn Hive?] ''June 20, 2020'' |
− | + | * '''@firepower''' : [https://hive.blog/hive-167922/@firepower/hive-price-will-this-bounce-reclaim-the-range HIVE Price: Will This Bounce Reclaim The Range?] ''June 30, 2020'' | |
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==Related articles== | ==Related articles== | ||
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* [[How to transfer HIVE between Hive account to Exchanges]] | * [[How to transfer HIVE between Hive account to Exchanges]] | ||
* [[Increase_your_Hive_Net_Worth|Increase your Hive Net Worth]] | * [[Increase_your_Hive_Net_Worth|Increase your Hive Net Worth]] | ||
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* [[Hive]] | * [[Hive]] | ||
* [[Hive Exchanges]] | * [[Hive Exchanges]] | ||
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==External Links== | ==External Links== | ||
− | * ''' | + | * '''Coindesk''': [https://www.coindesk.com/splinter-cryptocurrency-hive-outperforms-justin-suns-steem-after-one-week-trading Splinter Cryptocurrency Hive Outperforms Justin Sun’s Steem After One Week Trading] ''Written by Brady Dale, published in 3/27/2020'' |
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{| class="wikitable" style="margin: auto;" | {| class="wikitable" style="margin: auto;" | ||
− | | Help keep this wiki page updated. Register, click in [https:// | + | | Help keep this wiki page updated. Register, click in [https://hive.blog/index.php?title=HIVE_Tokens&action=edit edit], add or modify the text and save. <br>If you're already a hiver you can have a chance to earn HIVE by posting your contributions here and being upvoted. |
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|} | |} |
Latest revision as of 05:15, 1 July 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.
Contents
HIVE
HIVE is the base liquid currency token in the platform. HIVE can be powered up into HIVE Power (HP), 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
- ↑ Where do the new HIVE tokens come from? Hive FAQ, retrieved in 1/1/2018
- ↑ 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
- @sidwrites : Ultimate Guide: What Are The Different Ways To Earn Hive? June 20, 2020
- @firepower : HIVE Price: Will This Bounce Reclaim The Range? June 30, 2020
Related articles
- How to transfer HIVE between Hive account to Exchanges
- Increase your Hive Net Worth
- Hive
- Hive Exchanges
- Hive Wallets
- Hive.blog
External Links
- Coindesk: Splinter Cryptocurrency Hive Outperforms Justin Sun’s Steem After One Week Trading Written by Brady Dale, published in 3/27/2020
Help keep this wiki page updated. Register, click in edit, add or modify the text and save. If you're already a hiver you can have a chance to earn HIVE by posting your contributions here and being upvoted. |