Honeyswap Airdrop Review: A Total of 10% of The airdrop Token

About Honeyswap

At the moment there are no plans for an airdrop. Members of the Honeyswapcommunity can earn Honey through the Faucet and through Pollen by participating on Discord, the Forum and Github. As of now, the majority of the community believes that airdropping Honey would not have a beneficial impact on the price and sustainability of the project.

Honeyswap is a network of decentralized exchanges which are supported and maintained by the 1Hive community. Honeyswap uses a multi-token model to manage the balance between Global and Local incentives.

Honeyswap is airdropping a total of 50,000 xComb tokens to Honeyswap liquidity providers on xDai. According to the team, the snapshot of existing liquidity providers on xDai was taken around May 26th, 2021. The number of tokens a user can claim will be proportional to the amount of time and liquidity value contributed to Honeyswap.

Honeyswap is comprised of liquidity pool contracts deployed to multiple EVM compatible chains which share common frontend interfaces that are maintained by the 1Hive community. Currently Honeyswap supports xDai and Polygon, but plans to expand support to other EVM chains and rollups in the future.

BasicDetails
Token NameHoneyswap Protocol Airdrop
PlatformxDAI
Total value50,000 xComb
Max. ParticipantsUnlimited
KYCKYC Is Not requirement
WhitepaperClick Here To View
Estimated ValueN/A
Collect AirdropClick Here To Collect Free Airdrop

How To Join Honeyswap Protocol Airdrop

First Step

Visit the Honeyswap airdrop claim page.

Second step

Connect your Metamask wallet.

Third Step

If you’re eligible, then you will be able to claim your tokens.

Fourth Step

According to the team, the snapshot of existing liquidity providers on xDai was taken around May 26th, 2021.

Fifth Step

Also get 1 entry for each referral. (Optional)

Six Step

A total of 250 winners will be randomly selected to win 10,000 xOPS each.

Seven Step

The rewards will be distributed shortly after the IDO.

Eight Step

The xOPS tokens will be swapped to OPS once it’s listed on an exchange.
ption

Nine Step

For more information regarding the giveaway, see this Medium article.

How to Get Started?

The easy to follow tutorials will help guide you through the different tools and features of Honeyswap.

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Will there be a Honey Airdrop?

At the moment there are no plans for an airdrop. Members of the 1Hive community can earn Honey through the Faucet and through Pollen by participating on Discord, the Forum and Github. As of now, the majority of the community believes that airdropping Honey would not have a beneficial impact on the price and sustainability of the project.

Honeyswap Frontend

Honey is at the heart of everything they do, by optimizing how we issue and distribute Honey they can grow the 1Hive economy, reward contributors, and expand our community. The issuance and distribution of Honey is regulated by the smart contracts. You can create, monitor, and stake Honey on proposals using the frontend located at 1hive.org. You can interact with these contracts through the Aragon Client interface at aragon.1hive.org or run either interface locally yourself.

Honeycomb Asset Manager

Honeycomb provides an open source interface for managing DeFi positions, including depositing and withdrawing from Comb farms. The contracts and associated deployment are similar but not identical. Please see the relevant sub-sections for detailed information associated with deployments on the various supported networks.

Economic

The value of Honey is determined by supply and demand. The supply is managed by a policy and demand can be influenced by participating in the process of staking on proposals which allocate and distribute Honey from the common pool to contributors.

If participants allocate Honey productively, inflows to the common pool will eventually exceed outflows, demand will outpace supply, and the value of Honey will increase. Conversely if Honey is allocated unproductively the circulating supply of Honey will increase without a corresponding increase in demand and the value of Honey will decrease.

Increasing the value of Honey is an implicit goal of the system and its participants. Stakers must hold Honey over time to influence proposals and therefore have a vested interest in supporting proposals that maximize the value of Honey, and contributors need Honey to be valuable so that their contributions can sustainably rewarded.

Is there any incentive for holding Honey?

Holding at least 0.5 HNY allows you to participate in Celeste and, besides that, holding Honey is primarily used for voting on proposals and to provide liquidity.

When will Honey be on Uniswap?

The reverse omnibridge enabling moving Honey to Mainnet to add to Uniswap will most likely land on the Ethereum Mainnet in Q1-Q2 2021.

Is the team legit?

1Hive is a DAO (Decentralized Autonomous Organization), which means that the team consists of its community members. Anyone can join the 1Hive community, helping it grow and proposing ideas / collaborations of all kinds.

Why Honey?

Issuing a digital currency allows a community like 1Hive to build an economy. Holding a specific community currency is a bet on the future growth of that communities economy. The more people who hold the currency, the more people who will have interest in participating and growing the economy.

Each community may adopt different social norms and may use different issuance and distribution policies to allocate shared resources. The most effective communities will thrive and grow, competing for the attention and loyalty of individuals. Choosing to hold a specific currency will evolve beyond just a financial decision into a political and social one as well.

This type of competition is good for everyone, and should hopefully lead to a future that is more free, fair, open, and humane.

Disclaimer:

Not All The Websites Which Listed In Top List Are 100% Safe To Use Or Investment. We Do Not Promote Any Of Those. Due Diligence Is Your Own Responsibility. You Should Never Make An Investment In An Online Program With Money You Aren’t Prepared To Lose. Make Sure To Research The Website. So Please Take Care Of Your Investments. And Be On The Safe Site And Avoid Much Losing Online.

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