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What is the HIVE coin issuance price and issuance amount?
The HIVE token was initially issued in March 2020 through an IEO on the Binance Launchpad platform, with a total of 375 million tokens sold at $0.01 per token.
Nov 30, 2024 at 08:11 am
What is the HIVE coin issuance price and issuance amount?
HIVE is a blockchain-based platform designed to reward content creators and curators for their contributions to the network. The HIVE token is the native cryptocurrency of the platform and is used to incentivize participation, govern the network, and reward users for creating and curating valuable content.
Issuance Price
The HIVE coin was initially issued in March 2020 through an Initial Exchange Offering (IEO) on the Binance Launchpad platform. During the IEO, a total of 375 million HIVE tokens were sold at a price of $0.01 per token.
Issuance Amount
The total supply of HIVE coins is capped at 3 billion tokens. Of this amount, 260 million tokens were created during the genesis block, which marked the launch of the HIVE blockchain. The remaining 2.74 billion tokens were allocated for various purposes, including:
- Content Rewards: 50% of the supply (1.37 billion HIVE tokens) is allocated to reward content creators and curators for their contributions to the platform.
- Node Rewards: 20% of the supply (600 million HIVE tokens) is allocated to reward node operators who provide the infrastructure and security for the network.
- Development Fund: 10% of the supply (300 million HIVE tokens) is allocated to fund the development and maintenance of the platform.
- Community Fund: 5% of the supply (150 million HIVE tokens) is allocated to support community initiatives and events.
- Team Allocation: 15% of the supply (450 million HIVE tokens) is allocated to the team that developed the platform.
The HIVE token issuance is designed to distribute the tokens among various stakeholders and align their incentives with the long-term success of the platform. By rewarding content creators, curators, node operators, and the development team, HIVE aims to foster a vibrant and engaged community that contributes to the growth and sustainability of the platform.
Additional Information
- The HIVE token is traded on various cryptocurrency exchanges, including Binance, Huobi, and OKX.
- The HIVE blockchain is based on the Delegated Proof-of-Stake (DPoS) consensus mechanism, which allows token holders to vote for witnesses who produce blocks and maintain the network.
- HIVE supports a variety of decentralized applications (dApps), including social media platforms, blogging tools, and content marketplaces.
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