Add as a preferred source on GoogleHIVE Protocol Sets Nov. 11 ET Launch for BNB On-Chain Experiment
DBCC initiated the project, which plans to use BNB as its core reserve. DAOBase provides technical and transparency support under its Build on BEE policy.
HIVE Protocol plans to launch an on-chain experiment at 7:08 p.m. ET Wednesday, Nov. 11 (00:08 UTC Nov. 12), testing a community-led approach to accumulating BNB as a reserve asset through smart contracts.
DBCC (DAOBase Chinese Community) initiated the project, which is built on BEE. DAOBase provides technical and transparency support through its “Build on BEE” policy, but HIVE Protocol is not an official DAOBase product.
The protocol’s design includes real-time on-chain verification, automated mechanisms and the destruction of liquidity permissions. Community consensus is intended to drive asset accumulation, with BNB serving as the project’s core reserve.
HIVE Protocol has a defined life cycle. After staged objectives are completed, its reserve assets are planned to return to the ecosystem.
Simon Yoon
ReporterSimon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.