BHIVE

BEP20 Hive

whive.network/bsc

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What is BEP20 Hive (BHIVE)?

BEP20 Hive (BHIVE) is a BEP-20 token on the Binance Smart Chain blockchain. It's backed by "real" HIVE and can be converted ("unwrapped") at any time.

It allows HIVE to be traded on Decentralized exchanges (DEXes) on Binance Smart Chain and be used with DeFi platforms.

Information	about project
Smart Contract	0x347f041189fb4f005999db07a009d2ff63646c4a
Website	whive.network/bsc
Hive account	Hive account@wrapped-hive-bsc
BSC minting address	0x3693f7449bd461f74975d571e7e3bc031ef73586
Token name	BEP20 Hive
Token ticker	BHIVE
Decimal places	3

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How is BEP20 Hive different from Wrapped Hive?

Apart from living on another chain (and having a different name to avoid confusion), there are not many differences.

The only noticeable difference (apart from much lower fees) is that the smart contract is compatible with the Decentralized Wrapped Hive network, so when that's finished (~2 months), token migration to a new contract will not be needed.

Binance Smart Chain (BSC) is compatible with Ethereum Virtual Machine (EVM), meaning any contract running on Ethereum can be used on BSC as well.

BHIVE is already listed on PancakeSwap.

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How does BEP20 Hive works?

Currently, there is an app acting as an oracle that is responsible for minting/burning BHIVE and storing HIVE.

For each HIVE received to Hive account@wrapped-hive-bsc (if the amount is over threshold and memo is valid BSC address), there will be 1 BHIVE minted on BSC. When BHIVE is converted back, HIVE is sent to the user, and BHIVE is burned.

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Fees

• Deposits (HIVE -> BHIVE)

0.999 HIVE fixed transaction fee (1 HIVE deducted from deposited amount, 0.001 refunded in confirmation transfer)

• Withdrawals (BHIVE -> HIVE)

No fees.

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Security?

Currently, the app is centralized and as such, there is always some risk. While I wrote code carefully and it was audited by other developers, there is always a chance that there is some security hole.

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How to use BEP20 Hive ?

To get BHIVE tokens, visit whive.network/bsc website and enter your BSC address:

After you click submit (and if the address is valid), you will see a popup asking you for an amount in HIVE (minimum amount is 1.001 HIVE for now):

Enter some number and click "OK". If you use Hive KeyChain, you will be prompted to use to transfer HIVE, otherwise, you will be redirected to HiveSigner.

You will receive your BHIVE tokens to the specified address in a few minutes. If something went wrong, you will receive a refund.

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To unwrap BHIVE, visit whive.network/bsc website again and enter your Hive username:

Click on the Metamask logo, and confirm the transaction in the Metamask popup. You can also you other methods of calling a function on a smart contract and call convert function, with parameters: amountOfTokens, username

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How to verify HIVE and BHIVE supply?

To verify HIVE stored in our account, go to hiveblocks.com/@wrapped-hive-bsc and you will see how much HIVE is there.

To get BHIVE supply, visit BscScan.com

Or just check out https://www.whive.network/bsc/verify.html and our app will do this for you.

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For developers

The source code is available at: https://github.com/Wrapped-Hive/oracle, in bsc branch.

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Disclaimer: This app is still in beta, so use on your own risk!

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If you find any errors or vulnerabilities, contact admin[at]fbslo[dot]net or join https://discord.gg/ebQHNat.

Hive account@fbslo

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