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HomeCOINSbHIVE (BHIVE) Coin Guide & Detailed Review

bHIVE (BHIVE) Coin Guide & Detailed Review

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About bHIVE

Operational since March 2021, CubFinance is a DeFi platform that operates the Multi-Token Bridge (MTB). The MTB allows derivative assets to be permissionlessly swapped across blockchains and pooled on BNB Smart Chain (BSC) to earn yield and trade assets. CubFinance operates on a buy and burn model. The protocol strategically pays yield to Liquidity Providers who create the foundation of the platform.

CUB is one of the longest standing DeFi protocols in the industry. While most died a slow death (or in some cases, a really fast one), CUB has managed to continually innovate and create value in ways that most did not see possible. The Multi-Token Bridge (MTB) shows the future of CUB: becoming a derivative DeFi exchange. By creating, developing and operating the MTB, they are able to generate a disproportionate amount of monthly revenue for the CUB DAO Protocol.

bHIVE Basic Points Table

Coin BasicInformation
Coin NamebHIVE
Short NameBHIVE
Circulating SupplyN/A
Total Supply100,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Multi-Token Bridge

The Multi-Token Bridge (MTB) Launched in August 2022 and serves as the core business model behind CubFinance and the CUB DAO (Decentralized Autonomous Organization). The MTB allows derivative assets to be permissionlessly swapped across blockchains and pooled on BNB Smart Chain (BSC) to earn yield and trade assets. HIVE is the native cryptocurrency for the Hive Blockchain ecosystem.

It’s a Web3 platform where dozens of dApps are aiming to build the future of social media, p2p systems and NFT games. The Hive Blockchain offers fast and free transactions. Hive-Backed Dollars (HBD) is a stablecoin created by the Hive Blockchain. It is one of the longest standing stablecoins in the crypto industry and has the greatest degree of trust & transparency by those who utilize it.

How It Works

Through smart contracts and oracles operated by CUB DAO, HIVE, HBD and LEO can be swapped to/from the Hive Blockchain and BSC. These 3 assets (and future derivatives launched by the DAO) generate revenue for the protocol which is then utilized to buy/burn CUB via smart contract on a daily basis. There are 3 core methods for generating revenue from the Bridge Technology stack:

  1. Wrapping Fees -> a small 0.50% fee is collected by the smart contract & oracle when wrapping or unwrapping
  2. Arbitrage Revenue -> the protocol arbitrages price differences on/off exchange to generate a return and feed it back into the DAO
  3. Oracle Staking -> the oracles keep day-to-day operational funds liquid and stake additional funds held to generate on-chain staking rewards

Why Choose bHIVE?

CubFinance has been thoroughly audited by your partners at CertiK who conduct audits for the largest platforms in the DeFi industry. This revenue is deployed into a smart contract that buys and burns CUB on a daily basis. Removing tokens from the circulating supply and making CUB more scarce while also providing an “invisible hand” buyer of last resort. Since the launch of the MTB (as of this writing on September 20th, 2022), they have burned an additional 500k in CUB Tokens.

Where Can You Buy bHIVE (BHIVE)?

Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On PancakeSwap (V2), As It Has The Highest CUB/BHIVE.e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include CUB/BHIVE And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.

Market Screenshot

bHIVE Market Screenshot

bHIVE Supported Wallet

Several Browser And Mobile App Based Wallets Support bHIVE. Here Is Example Of Wallet Which bHIVE – Trust Wallet For Hardware Ledger Nano.

FAQ Of bHIVE

Where I Can Find bHIVE Whitepaper?

You Can Find bHIVE Whitepaper By Clicking Here.

Where I Can Buy/Sell Balancer Token?

You Can Buy or Sell Balancer Token On Some Popular Exchange For Example – PancakeSwap (V2).

What is Circulating Supply Of Balancer Token?

Circulating Supply Of Balancer Token Is 100,000BHIVE.

Nile
Nile
Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .
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About bHIVE Operational since March 2021, CubFinance is a DeFi platform that operates the Multi-Token Bridge (MTB). The MTB allows derivative assets to be permissionlessly swapped across blockchains and pooled on BNB Smart Chain (BSC) to earn yield and trade assets. CubFinance operates on a...bHIVE (BHIVE) Coin Guide & Detailed Review