Hive Dollar

Hive Dollar (HBD) is an algorithmic stablecoin that operates on the Hive blockchain and is designed to maintain a value of approximately one United States dollar. It is intended to give participants in the Hive ecosystem a relatively stable medium of exchange and store of value, shielding them from the price swings typical of other cryptocurrency assets. The token is aimed at users of Hive-based applications, content platforms, and social networks who need a predictable unit of account within that ecosystem.

Hive uses a Delegated Proof-of-Stake consensus mechanism, in which elected witnesses validate transactions and produce blocks, with the recorded block time effectively near zero minutes according to the data on file. HBD is an algorithmic stablecoin, meaning its peg to the dollar is maintained through protocol-level rules rather than by holding an equivalent reserve of fiat currency, though the specific conversion and stabilization mechanics are not fully detailed in the data stored here. The token circulates natively on the Hive blockchain and can be used for transactions and savings within that network.

The data stored for HBD does not include any fee stream, revenue figures, or protocol earnings, so fee-based measures that this site calculates for other assets are not applicable here. What the data does show is a circulating supply of 33,005,934.061 HBD at the point-in-time snapshot, with supply issued at 99.999912 percent of what the protocol recognizes as its current supply ceiling. The dilution overhang stands at roughly 0.000082 percent point-in-time, indicating that almost no additional supply is pending issuance beyond what already circulates. Without a documented fee mechanism, there is no on-chain revenue stream to analyze.