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updated $0Market cap$27.39M
Volume 24h$883.81K
Circulating supply488.71M
Blockhive (HIVE) is a utility token tied to the blockhive platform, which focused on blockchain-based lending and business solutions. In simple terms, it was designed to let companies raise funds and interact with blockchain tools while token holders participated through an Initial Lending Procurement (ILP) model. The token operates on a smart contract at address 0x895f5d0b8456b980786656a33f21642807d1471c.
Frequently asked questions
What is Blockhive (HIVE) and how is it different from other tokens?
HIVE is the utility token of the blockhive platform, an Estonian project focused on blockchain solutions for businesses. Unlike typical ICO tokens, it was distributed through an Initial Lending Procurement (ILP), where participants effectively lent funds to the platform rather than buying equity. Its official site is https://blockhive.ee/ilp.
How does the Blockhive technology work?
HIVE is an Ethereum-based token built on a smart contract (0x895f5d0b8456b980786656a33f21642807d1471c), so it relies on the Ethereum network's consensus rather than its own blockchain. The token standard used is 3, which refers to the contract's implementation on the platform. Transactions and balances are handled entirely by that smart contract.
How is HIVE emission and supply structured?
The token supply is defined by the smart contract and was created at deployment, with no ongoing mining or staking-based emission. The ILP model determined how tokens were allocated to lenders and the platform. Because everything is fixed in the contract, the total supply can be verified on-chain by anyone.
How can I store and use HIVE tokens?
Since HIVE is an Ethereum-based token, any wallet that supports ERC-style tokens and lets you interact with its contract address will work, such as MetaMask or a hardware wallet. You can add the token manually using the contract address 0x895f5d0b8456b980786656a33f21642807d1471c. Always verify the address against the official site before sending funds.