Honey holders stake on proposals using Conviction Voting to determine how issuance is distributed. By supporting proposals which increase the value of Honey, a positive feedback loop drives growth and sustainability.
Conviction Voting allows everyone to participate and shape the direction of 1Hive, while preventing anyone from taking control or ownership.
1Hive seeks to realize a future that is more free, fair, open, and humane.
To do so we need to create an economic engine that can effectively and sustainably fund public goods.
By working together to make Honey valuable and then continuously distributing it towards public goods we can create a better future for everyone to enjoy.
1Hive is a decentralized autonomous organization, like Bitcoin or Ethereum. This website is maintained independently by 1hive community members as a helpful resource.
1hive is a decentralized autonomous organization (DAO) that issues and distributes a digital currency called Honey.
DAOs are cybernetic super-organisms… or more simply, coordination protocols which enable humans to work together towards a common goal by regulating interactions through rules defined in software.
If someone claims to represent a DAO, they are either lying or they are confused. DAOs are unique because they put automation at the center and humans at the edges. There is no CEO, nor managers. Administration, where it must exist is viewed as a design flaw and ruthlessly minimized.
While centralized administration is a powerful and flexible means to scale human coordination. The advent of decentralized ledgers like Bitcoin and Ethereum have shown how disruptive, powerful, and resilient sufficiently decentralized coordination protocols can be. DAOs do not replace companies, instead they alter the economic landscape by creating novel markets and opportunities which individuals and companies can participate in.
In the case of the 1hive DAO, a community currency called Honey is used to create a circular economy where public goods and investments which grow the 1hive economy can be collectively funded with conviction voting.
Because honey is money. Seriously.
Issuing a digital currency allows a distributed digital community like 1hive to build an economy around a set of shared values.