Are You Still Doubting Hive? Here is Why You Should Join the Community

Hive blog is the leading blockchain-based social media platform that rewards users in different crypto assets for their engagements and for creating original content. It is a fast, powerful and highly scalable DPoS-powered blockchain and cryptocurrency with a thriving ecosystem of decentralized applications.

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To make the web3 blogging platform more interesting, Hive blog is designed to have different communities including sports, games, photography, crypto/ finance, arts, and many more niches that one can think of.

Beyond earning from content creation, the Hive ecosystem is so broad that it gives users manifold ways and investment options to derive earnings while socializing. Further means of earning on the Hive blog include staking, curating, and delegating tokens among others.

It is worth noting that the decentralized proof of stake (DPOS) social media/ blogging platform, Hive Blog, is designed to have a two-token system for issuing rewards to active users. That is, the Hive blockchain has two native currencies which include HIVE and Hive Backed Dollar (HBD).

About HIVE and HBD Tokens

While HIVE is a utility token that is trading on several top crypto exchanges including Binance, the Hive Backed Dollar (HBD) is an algorithmic stablecoin that has continued to maintain its parity with $1 ever since its emergence. This makes HBD one of the best stablecoins in the crypto market though it remains underrated and lacks huge adoption.

In a season in the crypto market where algorithm-based stablecoins have failed and trust in algorithmic stablecoins has been hampered, Hive-backed Dollar (HBD) has stayed resilient with a structure that ensures that it will never become highly unstable.

It bears mentioning that the once-thriving and the then-largest algorithmic stablecoin by market capitalization, TerraClassicUSD - USTC (formerly known as TerraUSD - UST) collapsed in May 2022. At the time of writing, HIVE is trading for $0.34 per coin.

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Why Hive is Unique

But the Hive ecosystem is not limited to these two assets only. Hundreds of crypto tokens backed by the Hive blockchain are in the crypto market today. The Hive blockchain is a layer 1 protocol and as such, it allows and provides tools for limitless decentralized applications (Dapps) to be developed on its base layer.

Interestingly, several layer 2 projects built on Hive are in existence today and thriving beyond the Hive community. Notable among these Hive-based crypto projects are @Splinterlands, @ThreeSpeak, and @LeoFinance.

While Splinterlands is a digital trading card game with many ecosystem tokens like DEC, SPT, and SPS, LeoFinance is a web3 blogging platform that rewards users with its native token dubbed LEO. Meanwhile, 3Speak is a web3 video platform that provides a better alternative to Youtube. All of these projects and many more are powered by the Hive blockchain.

The Splinterlands game which was co-founded by Jesse Reich and Matthew Rosen in 2018 is currently the second-largest play-to-earn blockchain game, according to DappRadar.

On the other hand, LeoFinance has seen huge adoption from many blockchain enthusiasts while the project led by Khaleel Kazi has also onboarded many other DeFi solutions like CubFinance and PolyCUB.

Join the HIVE Community

Are you still doubting Hive? Are you still watching while Hive continues to expand every day? Now is the time to stop being an onlooker and become a part of the Hive army to enjoy the many benefits provided by the leading web3 blogging and social media ecosystem.

Posted Using LeoFinance ^Beta