Copy link
Increase text size
Decrease text size
Link copied

Binance announces completion of HIVE token distribution to STEEM holders

Image by Binance from Twitter

Wed, 25 Mar 2020, 14:11 pm UTC

Crypto exchange Binance announced that the completition of 'HIVE' tokens to STEEM holders.

Binance had already completed the hard fork of the STEEM blockchain initiated by A snapshot of the user STEEM balances was taken at a STEEM block height of 41,818,752 at approximately 2020/3/20 2:00 PM (UTC).

“We have now completed the distribution of HIVE tokens to STEEM holders at a ratio of 1 STEEM = 1 HIVE. Users can confirm receipt of the HIVE tokens via the ‘Distribution History’ page in the Wallet page. Please ensure that you have unticked ‘Hide Small Balances’ to view your HIVE tokens,” Binance wrote.

The exchange warned users ahead that STEEM balances under 1 STEEM are not eligible to receive the HIVE token. Also, a large number of HIVE tokens are still in a locked state on-chain along with their STEEM token counterparts. Binance will make further announcements when HIVE withdrawals are open.

As for trading and listing HIVE on the platform, Binance said that it will go through the same rigorous listing review process just like the other digital assets. Binance also noted that its support for HIVE’s hard fork does not guarantee the token’s listing.

Both Binance and Huobi supported the STEEM community’s hard fork to create the HIVE network. However, unlike Binance, Huobi said that it doesn’t want to be involved with HIVE after the hard fork and it has no plan to list the HIVE token.

The move ended the allegations that Binance and Huobi were conniving with Tron founder Justin Sun amid the community’s battle against Sun who bid to forcibly take over the STEEM network.

Binance apologized for being involved in the controversy and said that it hoped the STEEM community and Sun would reach a consensus.

“Binance stays neutral and has no interest in on-chain governance beyond the Binance ecosystem. We hold a supportive position of normal upgrade/hard fork and will continue to do so in the future,” Binance wrote in an open-letter addressed to the STEEM community.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Moses
  • 2020.06.27 04:15:22
I am a cryptocurrency trader and i make over 200% daily, If you are interested,i can teach you how to trade and also help you achieve your goal in life with crypto i can turn
$4500 into $35000 in less then four weeks,now that bitcoin has low prices...please note that cryptocurrency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door inbox me for more me on whatsapp :+12067425358 happy new year to you all ......................................................................
  • 0
  • ·
  • 0
  • Bitcoin (BTC) $36,642.50 (+1.08%)
  • Ethereum (ETH) $1,257.41 (+0.94%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Cardano (ADA) $0.371500 (-3.70%)
  • Litecoin (LTC) $152.14 (+5.75%)
  • Bitcoin (BTC) $36,642.50 (+1.08%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.