Honey (HNY)

Honey (HNY) is the digital currency issued and distributed by 1Hive, a decentralized autonomous organization (DAO). Honey holders contribute to proposals through Conviction Voting, which determines issuance distribution. The goal is to support proposals that enhance the value of Honey, creating a positive feedback loop for growth and sustainability. Conviction Voting ensures that all participants can shape the direction of 1Hive without any individual gaining control or ownership.

1Hive community members actively develop innovative applications and experimental products. Gardens, a framework for a new kind of DAO, is being developed, along with Celeste, a subjective oracle for dispute resolution. 1Hive TV provides informational and entertainment content on YouTube, while Honeyswap enables token swapping, liquidity provision, and the creation of new pools. Quests, an incentivized bounty platform, harnesses the power of Celeste. These applications are part of 1Hive’s vision to create a more free, fair, open, and humane future.

1Hive aims to establish an economic engine that effectively and sustainably funds public goods. By working together to increase the value of Honey and continually allocating it to public goods, 1Hive seeks to create a better future for everyone. Honey is designed to be a tool for enabling positive change and fostering a community-driven ecosystem. With its commitment to decentralization and shared decision-making, 1Hive is dedicated to realizing its vision for a more equitable society.