New Token Integration: $PEL integrated on HYVE

New Token Integration: $PEL integrated on HYVE

As freelancing becomes increasingly popular, the need for a platform that can facilitate relationships between employers and freelancers is growing every day. HYVE continues to build a platform that seeks to provide a universal solution for freelancers and businesses looking to hire people for different tasks or jobs.

Today, we are happy to announce our latest token integration with $PEL from Propel Platform. We are one step closer to achieving our goal of creating an ecosystem that will embody a perfectly decentralized environment for freelancers and enterprises to collaborate without intermediation.

We believe this will ultimately lead to more jobs being done, as companies will have access to a larger pool of talented freelancers, which can contribute to the company's growth.

Everything you need to know about $PEL:

$PEL is the native token of the Propel platform, and it contains features such as governance, incentives, and Proof of Stake (PoS):

  • Staking: users will stake $PEL to earn rewards and participate in Launchpools;
  • Governance: users will signal their intention to make platform decisions via $PEL native token governance;
  • Deflation via Platform Growth: As Propel itself grows, $PEL is retained and acquired for B2B deals.

Starting today, $PEL is one of the accepted payment methods on HYVE, meaning that you can now use $PEL to pay or get paid for tasks, jobs, and offers on the HYVE platform.

For now, the token is integrated on the BSC Blockchain, so make sure you add the contract address in your MetaMask wallet:

BSC: 0xA75E7928d3de682e3F44dA60C26F33117c4E6C5c


Propel recognized the necessity for a versatile toolset in the industry and hence became the first-ever MaaS (Metaverse as a Service), DaaS (DeFi as a Service), and SaaS (Staking as a Service) infrastructure provider.

Propel delivers a one-stop tech stack for developers and companies to build on prominent blockchains such as Polkadot, Ethereum, Binance Smart Chain (BSC), Polygon, and xDAI. Propel aims to decrease the repetitive work for Blockchain projects and simplify the creation of Metaverse and DeFi projects.

Interestingly, handling Propel’s tech stack requires no coding or even the coupling of smart contracts or conducting contract audits. The whole toolkit has been readily made for use by developers and startups.

Within the toolkit, Propel provides three core parts:

  • Metaverse (Metaverse a Service)
  • DeFi Infrastructure (DeFi as a Service)
  • Propel Pool (Staking as a Service)

What we have in store

As you already know, we’ve had lots of exciting things happen recently such as the V2, token and blockchain integrations, and job posts from some of our partners. We look forward to bringing you more of the same soon as well as many new surprises too.

Our goal is to reach the complete diversification of our payment options, all to provide you with only the most optimal methods for payment on the HYVE platform. HYVE already stands out due to its incredibly low fees for freelancers, which have yet to be beaten by any other freelancing platform. Fees vary between 1% for tasks, jobs, and offers completed in $HYVE Β and up to 3.5% for payments performed in $ETH, $BTC, or $USDT and 9% for altcoins.

Make sure to keep an eye on us as we prepare a listing on an exchange. Aside from that, HYVE will continue to create a perfectly decentralized environment for freelancers and enterprises to collaborate without intermediation. Of course, it will remain relentless in integrating increasingly more tokens to attract holders from diverse communities.

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