1hive

1Hive is a community that builds and experiments with decentralized applications and protocols. At the center of these experiments is an effort to build a sustainable and thriving economy around a currency called Honey, which is used to influence the direction of the community. Anyone can buy honey or earn it by contributing to 1Hive and can use it, among other things, to vote on funding proposals and protocol changes with a weight that is equal to the Honey they hold. 1Hive isn’t a company, there is no core team, and there has never been a crowd sale to raise funds to operate. Instead 1Hive has been issuing and distributing Honey to contributors for over a year. Up until recently it didn’t have a market defined price but it eventually found its way onto an exchange and now it does. The community doesn’t need Honey to have a certain price in order to distribute it, but as it becomes more valuable, the community is able to direct more resources towards community projects, and in turn those projects may grow the Honey economy further.