$HON - welcome to the HYVE Ecosystem

$HON - welcome to the HYVE Ecosystem

In the midst of enthusiasm surrounding the launch of the First & Second Era, along with our platform undergoing significant updates, you might think to reconsider the fact that our goal of selecting premium tokens has been overlooked. Our ambition to transform into the quintessential Web3 platform, offering a comprehensive range of payment options, is poised to receive a substantial enhancement with the introduction of our Updated Roadmap!

We are pleased to announce our latest partnership with Soul Society, a pioneering Web 3.0 community platform that redefines daily experiences. Think of transforming your routine activities into valuable endeavors, where ordinary tasks are elevated to remarkable feats, all facilitated by the innovative approach of Soul Society!

This platform offers a unique opportunity to perceive daily engagements as multifaceted challenges, enriching life with adventure and discovery for all participants!

We invite you to explore together the expansive domain of Soul Society, where everyday life transcends mere routine, evolving into a sequence of grand quests within a realm that mirrors our actual world. But before we dive in, here is the contract address for $HON!

ETH: 0xeBDb54e76bfEC9aB4E06CCF6E484e4126F81BEFc

Discover your Soul!

Soul Society envisions a Web3.0 realm where individuals can both curate their daily lives and unearth value by leveraging elements of gaming such as progression and motivation. Through the Soul Society DApp, daily activities and experiences are quantified and visually depicted, enabling users to establish a unique identity that extends beyond the confines of Soul Society. Such identities not only serve to distinguish individuals within the community but also to enhance the overall value of daily life.

The concept of gamified existence comes to life. Here, participants can claim ownership over digital “souls” through an exciting auction mechanism, each soul bound with unique Soul Bound Tokens (SBTs) that signify their digital essence.

On the Soul Society platform, the so-called souls are the main high-level concept. These souls can be described as digital personalities. Each user account can have a variety of souls that fit their digital life preferences. A soul can have one or more SBTs attached to it as the key indicators of the soul’s interests and characteristics.

Here's what the Soul Society team had to say about this partnership:

As a project that creates new value and Web3 IDs through everyday life, the partnership with HYVE, which is transforming the crucial aspects of 'work' within our daily lives, not only reflects our shared vision but also serves as proof of our commitment to changing the real lives of people.

What are SBTs?

SBT (Soul Bound Tokens) is one of the core elements of Soul Society. Once issued to a wallet, it cannot be transferred, making it an ideal token for recording identity and history. Soul Society uses Growth-Type SBTs, an upgraded version of the standard SBTs. Unlike standard SBTs, Growth-Type SBTs enable user activities to go beyond just being recorded on the blockchain. They are structured to allow users to enhance their SBTs personally, thereby reflecting their individual preferences and interests. SBTs also serve as criteria for determining eligibility for various activities and benefits, such as participating in the Soul Bidding to own a Soul.

At Soul Society, the concept of 'Soul' is redefined beyond its traditional understanding - it denotes the essence of daily life, segmented according to significance, therefore becoming a 'Soul.' Each Soul, represented through quests and SBTs, embodies unique traits.

While most platforms offer SBTs that remain static, Soul Society breaks the mold by allowing its SBTs to evolve and reflect the user's digital achievements and progress. Through engaging quests in Soul Society's virtual world, users have the opportunity to earn and elevate their SBTs, thereby enriching their digital personas.

Dubbed “growth-type SBTs,” these tokens within Soul Society are designed for dynamism, capable of being enhanced to mirror a user's virtual achievements and milestones within this vibrant gaming landscape. This distinction sets them apart from conventional SBT NFTs, marking a significant innovation in the realm of digital identity and ownership.

More on $HON!

In a strategic move to enhance transaction efficiency, Soul Society unveiled its native token in mid-January 2024, leveraging the Arbitrum Nova Layer 2 solution for its seamless integration with the Ethereum (ETH) blockchain, ensuring cost-effectiveness and swift interactions.

The platform’s official native cryptocurrency is $HON. In its communications, Soul Society calls $HON a utility token. The platform hosts thrilling soul-bidding events, allowing users to vie for the ownership of these unique digital souls.

The bidding process is intricately linked to the platform's currency, $HON, with the amount of tokens staked significantly boosting one's odds of securing a soul. Yet, the highest bid does not guarantee victory alone; participants must also engage in and complete specific quests to win and enhance the SBTs tied to their desired soul.

More for HYVE

During the last couple of weeks, we introduced our new Development Eras, which are. comprehensive 4-month periods of our new comprehensive Roadmap for 2024/25. This Friday we are ecstatic to announce that the Third Era will be released, where you'll see what features we have prepared following our rebranding.

New HYVE Roadmap: First Era
The first quarter of the year was dedicated to thinking about how we can improve our platform, and further expand our ecosystem. From Tudor’s weekly AMA series, you might have heard of new features we are working on implementing, but this time, we are adding a concrete timeline for execution.
New HYVE Roadmap: Second Era
As the digital landscape continues to expand and transform - so do we. We aim to stand at the forefront of innovation as we are ready to launch our Second Era - a pivotal fourth-month period from August to November. This new phase is not just another chapter; it’s a

If you haven't read these two parts yet, make sure to click on the updated links above in order to get up to speed. Alternatively, follow us on X, as we post daily snippets and recaps of our Roadmap.