Honey (HNY) is the native cryptocurrency of the 1Hive ecosystem on the Gnosis Chain, primarily operating as a shared liquidity token for Honeyswap. It supports liquidity provision for paired tokens and acts as an index token for several associated projects. Key partners include 1Hive, Token Engineering Commons, BrightID, Giveth, Shapeshift, and Opolis. HNY has a fixed total supply of 28,155.784, but currently none is circulating. The token is subject to fluctuating values, generally between $1.78 and $5.49, and shows minimal recent trading activity across 52 markets. HNY enables smart contract-based transactions emphasizing security, decentralization, and traceability, particularly for copyright and anti-counterfeiting issues. As part of the 1Hive DAO ecosystem, it utilizes Conviction Voting to drive proposal decisions, advancing growth and sustainability. Further details are available at [1hive.org](https://1hive.org).
Honey (HNY) is the native cryptocurrency of the 1Hive ecosystem on the Gnosis Chain, primarily operating as a shared liquidity token for Honeyswap. It supports liquidity provision for paired tokens and acts as an index token for several associated projects. Key partners include 1Hive, Token Engineering Commons, BrightID, Giveth, Shapeshift, and Opolis. HNY has a fixed total supply of 28,155.784, but currently none is circulating. The token is subject to fluctuating values, generally between $1.78 and $5.49, and shows minimal recent trading activity across 52 markets. HNY enables smart contract-based transactions emphasizing security, decentralization, and traceability, particularly for copyright and anti-counterfeiting issues. As part of the 1Hive DAO ecosystem, it utilizes Conviction Voting to drive proposal decisions, advancing growth and sustainability. Further details are available at [1hive.org](https://1hive.org).
Honey (HNY) is the native cryptocurrency of the 1Hive ecosystem, operating primarily on the Gnosis Chain. It functions as a shared liquidity token for the decentralized exchange, Honeyswap, providing liquidity for paired tokens. Additionally, HNY acts as an index token for associated projects like Token Engineering Commons, BrightID, Giveth, Shapeshift, and Opolis.
On the Honeyswap platform, Honey (HNY) facilitates liquidity by being paired with various tokens. This setup allows users to trade tokens efficiently within the 1Hive ecosystem and across its partner projects. HNY's fixed supply and lack of current circulation means its value can fluctuate, generally providing utility as a liquidity provision tool.
Participation in the 1Hive DAO offers the advantage of using Conviction Voting, which empowers members to engage in governance decisions. This democratic approach enables the community to propose and vote on initiatives that seek to enhance the value and utility of Honey (HNY), fostering an equitable and participatory environment.
Honey (HNY) distinguishes itself from other decentralized exchange tokens by being part of the 1Hive DAO, which emphasizes community governance through Conviction Voting. Unlike some DEX tokens with frequent circulation, HNY maintains a fixed supply currently not in circulation, giving it unique trading and value dynamics on the Gnosis Chain.
Despite being listed on 52 markets, Honey (HNY) exhibits minimal trading volume due to its non-circulating status and fixed supply. This means no HNY tokens are actively available for trading, resulting in naturally low transaction frequency. Traders often focus on other tokens with more active circulation and market engagement.
Partners such as Token Engineering Commons, BrightID, Giveth, Shapeshift, and Opolis collaborate within the Honey (HNY) ecosystem to leverage its liquidity features and integrate with 1Hive's projects. These partnerships enhance the decentralization and functionality of the ecosystem, boosting the significance and reach of the HNY token within the broader DeFi landscape.
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