Hive

FAQ's

What is HIVE?

Hive is a cryptocurrency for an open-source social media blockchain. It was conceived through a hard fork of the original Steem blockchain after a group of the community decided to split and form their own chain.

Hive is an innovative and forward-looking decentralized blockchain and ecosystem, designed to scale with the widespread adoption of the currency and platforms in mind. By combining the lightning-fast processing times and fee-less transactions, Hive is positioned to become one of the leading Web3 blockchains used by people around the world.

How to Stake HIVE?

Hive tokens can be staked. It is commonly known as powering up where liquid Hive becomes Hive Power (HP). Contrary to other blockchains like Tron where unstaking takes 3 days, it takes 13 weeks to gradually unstake Hive tokens.

Staking Hive Involves heading to the hive signup page. From here you have the opportunity to choose between 5 options of how to sign up. Each option will end up guiding you through the process of creating a wallet from which Hive is stackable. If you plan to go through your browser, we recommend using Ecency.

Every week an equal share is transformed back into liquid Hive and after 13 weeks, the whole stake is liquid again. This should be taken into consideration when powering up hive.

How much can I earn Staking HIVE?

You can earn a share of the block rewards by staking and curating on the Hive platform. Example percentages of block reward share are as follows:

Powering Up Hive -> 2.86% APR

Stake And Curate Hive -> 9.06%

Any risks to Staking HIVE?

There are time risks associated with powering up Hive, staking Hive. Please take into consideration after unstaking, every week an equal share is transformed back into liquid Hive and after 13 weeks, the whole stake is liquid again.