◉ Phase 1 – (Q1 2021 – Complete)
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
ASIC Resistance
ASIC Resistance – A published commitment to continual attempts at ASIC resistance. The community has opted to build on KAWPOW (a variant of ethash and progpow) to maximise the ASIC resistance by reducing the potential efficiency increase of ASICs by requiring the feature set and capabilities within over the counter consumer graphics cards.
We are not anticipating future forks to change the algorithm as the current algorithm allows a fair distribution of HVQ via PoW to the community.
◉ Phase 2 – Network Explorer Launched (Q1 2021 – Complete)
The first Network Explorer is launched allowing all stakeholders to query the BlockChain with ease and transparency.
◉ Phase 3 – Assets (Q2 2021 – Complete)
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.
◉ Phase 4 – Global Mining Pools (Q2 2021 – Complete)
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.
◉ Phase 5 – Unique Assets (Q2 2021 – Complete)
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.
◉ Phase 6 – Community Swap (Q3 2021 – Complete)
HVQ to be listed on a community run Swap. HVQ token listed for live trading on ChivesCoin Exchange with USDT pairs.
◉ Phase 7 – Mining Community Platform Integration (Q1 2022 – Complete)
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)
◉ Phase 8 – Staking (Q2 2022 – Complete)
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.
◉ Phase 9 – Listing on a global crypto asset exchange (Q3 2022 – Complete)
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.
◉ Phase 10 – Messaging (Q4 2022)
Messaging to token holders by authorized senders will be layered on top of the Phase 4 unique assets.
◉ Phase 11 – Voting (Q4 2022)
Voting will be accomplished by creating and distributing parallel tokens to token holders. These tokens can be sent to HVQ addresses to record a vote.
◉ Phase 12 – Rewards (Q4 2022)
Rewards allow payment in HVQ to asset holders. Newly created asset holders will be able to issue reward tokens of their choosing to specific holders of a targeted token.
◉ Phase 13 – Master node system (Q4 2022 – Testing)
The expected release of the MasterNode system will be approximately the end of 2022. The MasterNode does not participate in mining activities, and the block reward of the master node network is 45%.
To become a master node, users must have 1,000,000 HVQ as a “margin.” The deposit is always fully controlled by the holder, and the holder can freely transfer it. After moving the deposit, the corresponding master node will go offline and stop receiving block rewards.
◉ Phase 14 – Decentralized Budget Management System (Q2 2023)
The expected release of the decentralized Budget Management System will be approximately Q2 2023. Before the completion of this module, 10% of the HVQ has been separated from the mining block. The 10%, directly funded the HiveCoin development team, after the completion of this module, the MasterNode owners will vote to determine the use of 10% HVQ.
◉ Phase 15 – NFT Marketplace (Q3 2023)
An NFT Marketplace where assets can be minted and traded launched on the Blockchain.
◉ Phase 16 – Simplified Smart Contract (Q4 2023)
The expected release of the Simplified Smart Contract is estimated to be launched approximately Q3-Q4 2023. Smart contracts will allow dapp creators to launch their own programs on the Hive Coin blockchain so that they run automatically, decentralizing and adding automation to an agreement when specific predetermined conditions are met.
◉ Phase 17 – Partnership with BlockChain Business (Q1 2024)
With an increase of BlockChain technology exposure to the wider public, the benefits of the technology are attracting Brick & Mortar businesses to integrate BlockChain tech with their supply chains.
The applications can range from voting rights to certificates of origin or transaction. Businesses can also use BlockChain technology to reward employees or manage custom assets on the network.
HiveCoin has plans to partner with industry pioneers or help small and medium sized businesses embrace and adopt the tech.
◉ Phase 18 – Integration with Blockchain Gaming (Q3 2024)
Partnerships with Blockchain Gaming developers to launch and run their projects on HiveCoin network.
◉ Phase 19 – On chain Decentralized Exchanges (Q1 2025)
Launch of our first onchain Decentralized Exchange.
◉ Phase 20 – API Integration (Q1 2025)
Web API launch with Marketplace integration, allowing for online payments in HVQ on other platforms outside the Hive Coin ecosystem.
◉ Phase 21 – Expansion onto major global exchanges (Q4 2025)
Following the development and maturity of the network, integration onto major global exchanges is the next step in the development of the network.
◉ Phase 22 – Bridge HVQ to other networks (Q1 2026)
Following the development and maturity of the network, integration onto major global exchanges is the next step in the development of the network.
◉ Phase 23 – Supply Chain Traceability and Integration (Q4 2026)
Real world integration of Supply Chain traceability onto the blockchain.
◉ Phase 24 – Partnership with Decentralized Liquidity making protocol (Q2 2027)
Partnership with a decentralized liquidity providing/market making protocol designed to create efficient, sustainable liquidity across DeFi. Allowing stakers to direct the protocol’s TVL as liquidity across DeFi markets.
◉ Phase 25 – USD-H – Stable Coin Launch (Q2 2029)
HiveCoin launch their own decentralized and algorithmic Stable Coin on the HiveCoin network.2028 is a tentative deadline which will depends on all other milestones being achieved and working well, funding attracted to the ecosystem, a high transaction value number and a predetermined constant hashrate achieved for additional network security.