Hivecoin (HVQ) is a Proof of Work & Proof of Service coin built on the Bitcoin UTXO model. As with other Bitcoin derivatives, HVQ coins are distributed to users augmenting the HiveCoin network by mining HiveCoin and owning Masternodes.

• x1000 coin distribution (21 Billion Total)
• 10x faster blocks (1 per minute)
• GPU specific PoW (Kawpow) decentralised mining
• Dark Gravity Wave difficulty adjustment (180 block average)
• All regular addresses are prefixed by H
• Network Port: 9767
• RPC Port: 9766

The first Network Explorer is launched allowing all stakeholders to query the BlockChain with ease and transparency.

ASSET SUPPORT

HiveCoin will go through a hard fork that enables HiveCoin to include the ability to issue and transfer assets. HiveCoin will be extended to allow issuing, reissuing, and transfer of assets. Assets can be reissuable or limited to a set supply at the point of issuance. The cost to create assets will be 500 HVQ to create any qty of an asset. Each asset name must be unique. Asset names will be limited to A-Z and 0-9, ‘‘ and ‘.’ and must be at least three characters long. The ‘.’ and the ‘‘ cannot be the first, or the last character, or be consecutive.

The HVQ used to issue assets will be sent to a burn address, which will reduce the amount of HVQ available.

Asset transfers require the standard HVQ transaction fees for transfer from one address to another.

METADATA

Metadata about the token can be stored in IPFS.

The HiveCoin team successfully launch the first community funded EU and US pools. The official repository is made public for the community to start building and linking their own mining pools to the BlockChain.

Once created, assets can be made unique for a cost of 5 HVQ. Only non-divisible assets can be made unique. This moves an asset to a UTXO and associates a unique identifier with the txid. From this point the asset can be moved from one address to another and can be traced back to its origin. Only the issuer of the original asset can make an asset unique.

The costs to make unique assets will be sent to a burn address.

HVQ to be listed on a community run Swap. HVQ token listed for live trading on ChivesCoin Exchange with USDT pairs.

HiveCoin is listed and recognised by well known and trusted mining platforms like MiningPoolStats. Integration into mining software used by the wider mining community. i.e. HiveOS (Farm) 

Staking enabled for the HVQ token. Lock up periods with high rewards enabled on the Chives Coin Exchange to incentivise HVQ miners and token holders to open an additional stream of passive income. 6 month lock up times for variable amounts of 100,0000 HVQ – 2,000,000 HVQ.

While ChivesCoin Exchange offers the community the option to exchange tokens like HVQ, by listing on a global exchange, the HiveCoin team will encourage:

• decentralization by getting the coin in the wallets of investors and the wider crypto community
• incentivising more miners to join the network while providing additional security.