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HNY/USD: Convert Honey (HNY) to United States Dollar (USD)

1 Honey equals $4.93 United States Dollar

Honey (HNY) is not tradable on Coinbase.

Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more

Last update: 4:12 PM, July 24, 2024

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Overview

About Honey (HNY)

Honey (HNY) is the community currency of 1Hive, a decentralized autonomous organization (DAO). It serves as a boundary within the 1Hive community, allowing holders, also known as keepers, to influence the direction of the organization. Honey holders can stake their HNY on proposals using Conviction Voting, a mechanism that determines how issuance is distributed. By supporting proposals that aim to increase the value of Honey, a positive feedback loop is created, driving growth and sustainability. This system allows everyone to participate and shape the direction of 1Hive, while preventing any single entity from taking control or ownership.

Honey operates within the 1Hive DAO, where it is issued and distributed. The DAO uses Conviction Voting to determine how the issuance of Honey is distributed. This system allows Honey holders to stake their HNY on proposals, influencing the direction of the DAO. The Conviction Voting mechanism aims to create a positive feedback loop by encouraging support for proposals that strive to increase the value of Honey. This approach fosters growth and sustainability within the 1Hive community. It's important to note that while everyone can participate and shape the direction of 1Hive, the system is designed to prevent any single entity from taking control or ownership.

Honey serves as a community currency within the 1Hive DAO, enabling holders to influence the direction of the organization. By staking their HNY on proposals, holders can participate in the decision-making process, supporting initiatives that aim to increase the value of Honey. This mechanism fosters a sense of community and encourages active participation in the DAO. Additionally, Honey can be earned by participating in the 1Hive community on various platforms, registering and claiming Honey via the BrightId faucet, or by providing liquidity on Honeyswap and depositing LP tokens into the honeycomb.

Honey is the digital currency of 1Hive, a DAO that aims to create an economic engine that can effectively and sustainably fund public goods. The concept of Honey is rooted in the idea of building an economy around a set of shared values within a distributed digital community. The issuance and distribution model for Honey is simple: each block new Honey is issued and accumulates into the Common Pool, and from there it is distributed using a proposal and staking process called conviction voting. This model allows anyone to submit a proposal requesting a portion of the Common Pool be allocated to a specific beneficiary. Honey holders can stake on the proposals to signal their support.

How Honey (HNY) and United States Dollar (USD) differ

Honey (HNY) and the US Dollar (USD) are two distinct forms of currency, each with their unique characteristics and uses. Honey is the community currency of 1Hive, a decentralized autonomous organization (DAO), and it operates within a unique ecosystem. It allows holders to influence the organization's direction by staking their HNY on proposals using Conviction Voting, a mechanism that determines how issuance is distributed. This system fosters growth and sustainability within the 1Hive community and prevents any single entity from taking control or ownership. On the other hand, the US Dollar is a traditional fiat currency, controlled by the Federal Reserve, and is used as the standard unit of value in international markets. It is centralized, meaning its value and distribution are regulated by a single entity, the government. Unlike Honey, the US Dollar does not offer its holders the ability to influence its distribution or value. Furthermore, while Honey can be earned by participating in the 1Hive community, the US Dollar is typically earned through employment, sales, or investments.

Honey Markets

Honey is falling this week.

The current price of Honey is $4.93 per HNY. With a circulating supply of 0 HNY, it means that Honey has a total market cap of $0.00. The amount of Honey traded has fallen by $0.00 in the last 24 hours, which is a 0.00% decrease. Additionally, in the last day, $0.00 worth of HNY has been traded.

Market cap

Data unavailable

Volume (24h)

Data unavailable

Circulating supply

Data unavailable

FAQ

How much is 1 Honey in USD?

Right now, 1 Honey is worth about $4.93.

How much HNY could I buy for 1 USD?

Based on the current rate, you could get 0.2 HNY for 1 USD.

How much has the price of Honey changed?

Honey price has been declining. Since yesterday, the exchange rate of Honey has decreased. Since last month, the exchange rate of Honey has decreased. Since this time last year, the price of Honey has decreased.

How do I calculate or convert HNY to USD?

You can use our HNY to USD calculator at the top of this page to convert any amount of HNY to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 1.01 HNY. Inversely, 5 HNY will cost about 24.65 USD.

How can I buy 1 Honey on Coinbase?

Honey is available to trade on DEX within your Coinbase app. Check out our guide to get more detailed instructions on how to buy Honey.

What are assets similar to Honey that I can buy?

There are a number of crypto assets that have the a similar or comparable market cap to Honey, including GROK ALLBESTICO, KORRA, and Decentralized Pictures. For a more robust list of assets to explore, jump to the asset page dedicated to Honey.

Conversion tables

The exchange rate of Honey is decreasing.

The current value of 1 HNY is $4.93 USD. In other words, to buy 5 Honey, it would cost you $24.65 USD. Inversely, $1.00 USD would allow you to trade for 0.20 HNY while $50.00 USD would convert to 10.14 HNY, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 7.43%. Meanwhile, in the last 24 hours, the rate has changed by 2.58%, which means that the the highest exchange rate of 1 HNY to United States Dollar was 5.061004474328504 USD and the lowest 24 hour value was 1 HNY for 4.926724062179061 USD. This time last month, the value of 1 HNY was $6.05 USD, which is a 18.47% increase from where it is now. Looking back a year, Honey has changed by $4.32 USD. That means that in a single year, the value of Honey has shrank by 46.72%.

HNY to USD

Amount
Today at 4:12 pm
0.5 HNY
$2.47
1 HNY
$4.93
5 HNY
$24.65
10 HNY
$49.30
50 HNY
$246.52
100 HNY
$493.04
500 HNY
$2,465.22
1,000 HNY
$4,930.43

USD to HNY

Amount
Today at 4:12 pm
0.5 USD
0.10 HNY
1 USD
0.20 HNY
5 USD
1.01 HNY
10 USD
2.03 HNY
50 USD
10.14 HNY
100 USD
20.28 HNY
500 USD
101.41 HNY
1,000 USD
202.82 HNY

Today vs. 24 hours ago

Amount
Today at 4:12 pm
24 hours ago
24H Change
0.5 HNY
$2.47
$2.53
-2.58%
1 HNY
$4.93
$5.06
-2.58%
5 HNY
$24.65
$25.30
-2.58%
10 HNY
$49.30
$50.61
-2.58%
50 HNY
$246.52
$253.04
-2.58%
100 HNY
$493.04
$506.09
-2.58%
500 HNY
$2,465.22
$2,530.45
-2.58%
1,000 HNY
$4,930.43
$5,060.89
-2.58%

Today vs. 1 month ago

Amount
Today at 4:12 pm
1 months ago
1M Change
0.5 HNY
$2.47
$3.02
-18.47%
1 HNY
$4.93
$6.05
-18.47%
5 HNY
$24.65
$30.24
-18.47%
10 HNY
$49.30
$60.48
-18.47%
50 HNY
$246.52
$302.39
-18.47%
100 HNY
$493.04
$604.78
-18.47%
500 HNY
$2,465.22
$3,023.88
-18.47%
1,000 HNY
$4,930.43
$6,047.75
-18.47%

Today vs. 1 year ago

Amount
Today at 4:12 pm
1 year ago
1Y Change
0.5 HNY
$2.47
$4.63
-46.72%
1 HNY
$4.93
$9.25
-46.72%
5 HNY
$24.65
$46.27
-46.72%
10 HNY
$49.30
$92.53
-46.72%
50 HNY
$246.52
$462.66
-46.72%
100 HNY
$493.04
$925.31
-46.72%
500 HNY
$2,465.22
$4,626.55
-46.72%
1,000 HNY
$4,930.43
$9,253.11
-46.72%

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