1.Project introduction

Fully Realized interoperability of liquidity for Bitcoin network assets: Fully covered assets on Bitcoin's Layer 1, Bitcoin's interoperability layer, and Bitcoin's layer 2, with the MAP Protocol interoperability layer as the starting point, enabling any swap of assets across the three layers.

Liquidity Interoperability between BTC and EVM Ecosystems: Hiveswap supports the peer-to-peer interoperability of assets from mainstream EVM chains such as Ethereum, BNB Chain, Polygon, Klaytn, Conflux, NEAR, Tron, etc., enabling the swap between assets on the Bitcoin network and EVM ecosystem assets.

Supporting the swap of inscription assets with various types of assets: Enabling inscription assets to have sufficient liquidity in the decentralized world.

Supporting the swap between BTC and other types of assets: Supporting liquidity pools for BTC-related assets and other assets, to meet the decentralized liquidity exchange needs of BTC asset holders.

2.Token application and distribution

Token distribution:

Airdrop and Marketing:20%

History traces Airdrop and marketing expenses. Used to reward users who add liquidity or Swap before April 2nd 2024, and marketing campaigns and eco-partnerships expenses.

Treasure:15%

This part may be used to fund development, manage the token supply through buy-backs, or other initiatives that support the long-term health of the platform.

Team:15%

HiveSwap contributors will receive 15% in tokens to incentivise them to keep building and nurturing a healthy ecosystem.

Mining:50%

This part is for staking rewards(Hiveswap carnival event) and LP Mining.

For Hiveswap carnival event rewards(8%): 10% of the total $HIVP Rewards will be distributed two months after the event ends, with the remaining rewards linearly released over nine months.

LP Mining:(42%)

Users can earn rewards by depositing and locking Liquidity Provider (LP) tokens in the Liquidity Pool. The LP token rewards earned can be farmed on the platform, allowing users to accumulate HIVP.