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Hyve

HYVE

Price
$0.0277
12/8/2022, 10:13:00 PM
diamondHands

Trade Hyve on DEX

Hyve can be traded on a decentralized exchange (DEX) using your Coinbase dapp wallet.

Market

Market stats

Market cap

$711,054.93

Volume (24h)

$58,531.69

Circulating supply

25.6M HYVE

All time high

$0.75

Price change (1h)

+0.74%

Price change (24h)

+0.76%

Price change (7d)

+1.9%

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Hyve is on the rise this week.

The price of Hyve has risen by 1.90% in the past 7 days. The price increased by 0.76% in the last 24 hours. In just the past hour, the price grew by 0.74%. The current price is $0.0277 per HYVE. Hyve is 96.30% below the all time high of $0.75.

The current circulating supply is 25,646,075.2 HYVE.

About

What Is Hyve (HYVE)?

Hyve (HYVE) is a Defi ecosystem that caters to solving the problems in the workforce market. Hyve aims to use decentralized technology to add unique features and mechanics into the workforce market. An ecosystem consists of a group of participants with shared objectives. The governance of the Hyve ecosystem is through community or crowd wisdom.

Governance refers to managing or implementing changes on a blockchain. With the use of governance, Hyve aims to resolve problems in the present workforce market, such as employing wrong people, employee disputes, etc. The platform aims to create an ecosystem that has the following features:

  • Easy adding of new tasks

  • Decentralized teams

  • Changing facets of recruitment agency

  • Privilege to offer service packages on the platform

  • Rewards to the recruiting agents

  • P2P agreements for NDA (An NDA or nondisclosure agreement is a contract that gives legal credibility to a relationship.) According to the whitepaper, Hyve aims to utilize centralized and decentralized solutions and P2P to resolve workforce market issues. Centralized refers to using a third party or a middleman for conducting transactions. P2P or peer-to-peer networks enable individuals to interact directly without third-party involvement.

To achieve the use of centralized and decentralized solutions, Hyve seeks to employ three primary components:

  1. Hyve Core: Handles features such as governance and security

  2. Hyve Protocol: Unlocking new tasks and interactions outside the Hyve ecosystem

  3. Hyve Client: Centralized user experiences such as background transaction signing Hyve aims to use HYVE tokens as the epicenter of the three core components. HYVE is an ERC-777 asset compatible with tokens supporting ERC-20 standards. ERC-777 is an advanced version of the ERC-20 token standard with the simplified smart contract and token interactions. Hyve aims to use the token for task and job postings on the platform.

The platform aims to offer users the ability to post tasks, hire individuals, and access listed hiring agents. Hyve also seeks to collect a fee for job postings to ensure the self-sustainability of the network. While the platform is looking forward to the use of HYVE tokens as the primary coin, users can also transact with other assets.

Hyve aspires to engage the core protocols to create a difference in the workforce market.

History of Hyve (HYVE)

The Hyve (HYVE) launched in 2019–2020. A 14-member team leads the platform, with three founders—Tudor Stomff as CEO, Dominic Burghelea as CTO, and Brad Yasar as CSO. Other team members include people from varied backgrounds such as digital marketing and marketing experts, creative directors, developers, and blockchain experts.

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FAQ

What is the current price of Hyve?

The price of 1 Hyve currently costs $0.0277.

What is the market cap of Hyve?

The current market cap of Hyve is $711.05K. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Hyve?

The all-time high of Hyve is $0.75. This all-time high is highest price paid for Hyve since it was launched.

What is the 24 hour trading volume of Hyve?

Over the last 24 hours, the trading volume of Hyve is $58.53K.

What other assets are similar to Hyve?

Assets that have a similar market cap to Hyve include Phoenixcoin, Lympo Sport, SYNC Network, and many others. To see a full list, see our comparable market cap assets.

How many Hyve are there?

The current circulating supply of Hyve is 26 million.