About Honeyswap
Honeyswap Airdrop is a community of decentralized exchanges which can be supported and maintained with the aid of using the 1Hive community. Honeyswap makes use of a multi-token version to manipulate the stability among Global and Local incentives. Honeyswap is airdropping a complete of 50,000 xComb tokens to Honeyswap liquidity carriers on xDai. According to the team, the photograph of present liquidity carriers on xDai became taken round May 26th, 2021. The quantity of tokens a consumer can declare could be proportional to the quantity of time and liquidity cost contributed to Honeyswap.
| Platform | Total Value | Max. Participants | Website |
|---|---|---|---|
| N/A | 50,000 xComb | Unlimited | Click Here To Visit |
Honey
Honey is at the heart of everything they do, by optimizing how they issue and distribute Honey they can grow the 1Hive economy, reward contributors, and expand the community. The issuance and distribution of Honey is regulated by the smart contracts. You can create, monitor, and stake Honey on proposals using the frontend located at 1hive.org. You can interact with these contracts through the Aragon Client interface at aragon.1hive.org or run either interface locally yourself.
The value of Honey is determined by supply and demand. The supply is managed by a policy and demand can be influenced by participating in the process of staking on proposals which allocate and distribute Honey from the common pool to contributors.
If participants allocate Honey productively, inflows to the common pool will eventually exceed outflows, demand will outpace supply, and the value of Honey will increase. Conversely if Honey is allocated unproductively the circulating supply of Honey will increase without a corresponding increase in demand and the value of Honey will decrease.
Legit Team
1Hive is a DAO (Decentralized Autonomous Organization), which means that the team consists of its community members. Anyone can join the 1Hive community, helping it grow and proposing ideas / collaborations of all kinds.
Staking Honey
At the moment we cannot give an estimation of the APY through Celeste. The staking rewards are a positive side-effect of Celeste, whose main purpose is to provide the community with a tool to prevent malicious behavior. To participate in Celeste you need to have at least 0.5 HNY, and staking rewards will be distributed monthly.
Purchase Honeyswap
To use Honeyswap you need to follow a few easy steps: First, send your token (For example, DAI) to your Metamask, on the Ethereum network. Then, once you create an xDai network RPC, you can quickly bridge your token through the token bridge (you’ll need a few $ of ETH for such transaction). You can read more here and watch a tutorial here.
Why Honey?
Issuing a digital currency allows a community like 1Hive to build an economy. Holding a specific community currency is a bet on the future growth of that communities economy. The more people who hold the currency, the more people who will have interest in participating and growing the economy.
Each community may adopt different social norms and may use different issuance and distribution policies to allocate shared resources. The most effective communities will thrive and grow, competing for the attention and loyalty of individuals.
Choosing to hold a specific currency will evolve beyond just a financial decision into a political and social one as well. This type of competition is good for everyone, and should hopefully lead to a future that is more free, fair, open, and humane.