Cryptocurrencies are digital currency designed to represent the architecture of the internet. Rather than counting on a standard financial institution to guarantee and verify business deals, cryptocurrency transactions are examined or “confirmed,” by the computers of the users on the currency’s network. The computers used in verifying the deals usually receive little amount of the currency as a reward. The process of receiving rewards in exchange for verifying transactions is called “mining,” and it is the main way that new currency is produced. Mining works in different dimension for different currencies.
Why HIVE Tokens ?
HIVE token is a new digital currency designed for use within UHive. UHive is a next generation, decentralized social network that aims to become the largest and most trusted decentralized social network in the world. Since the platform was launched, it has been written about by many different publications, and has been talked about and shared on social media; creating a real buzz.
A spokesman for UHive explained more about the platform, “The new social network emphasizes privacy, security, and responsiveness to the community. The UHive platform will eventually include a full social interface that connects people around the globe”
Tokens also add new value to individuals, businesses, marketeers and social influencers. HIVE Tokens signify the birth of a new digital era of economy, as they are fundamental in the transactional process for products, digital assets and services.
UHive which can be found on Google Play Store and in the iOS App store wanted to find a way to get the message out about their platform while at the same time involving their members. Instead of wasting money on expensive advertising, the people behind Sphere decided to share that money with its members by paying them to promote their platform.
The thinking behind the promotion shows how UHive is not only ahead of its time, but they believe in looking after and involving their members.
A four-year incubated project by Genie9 Co and encompasses over ten years of expertise in Big Data, A.I., user experience, and advanced backup technology, with a database of over 10 million users and over 1000 global partners, UHIVE is planning on releasing 20 billion HIVE Tokens in the upcoming ICO
(Initial Coin Offering).
More information about the UHive idea, as well as the ICO can be found on the website, Facebook, Twitter, and Telegram, with a breakdown of the project available in the whitepaper.
For more information about our whitepaper, telegram and smart contracts and ICO details. Visit us at — www.uhive.io.*
*The company offers 1,000 to 10,000 free UHIVE tokens to anyone joining its Telegram group. Those interested in doing so can join through our website link — www.uhive.io