Question 1

What is HIBS?

Accepted Answer

HIBS is the native asset of the Hiblocks ecosystem. In a 2022 announcement, the project described it as the foundational token connecting ecosystem services and named the blockchain social application HABL as one of the ecosystem's main projects. This definition describes the project's positioning at the time of that announcement: HIBS was envisioned to connect services and rewards within the ecosystem. The announcement does not provide the current supply, unlocking schedule, or the current availability of each service, so those specific parameters cannot be inferred from the term “native asset.”

Question 2

What is the relationship between HIBS and HABL?

Accepted Answer

According to the 2022 announcement, HABL is a blockchain social application in the Hiblocks ecosystem, and the project stated that it would reward some user social-media activities with HIBS. HABL is therefore the main application described in the announcement as linking user interaction with HIBS rewards. This relationship does not mean every interaction automatically receives an equal amount of tokens: the announcement only lists reward-related activities and does not provide eligibility thresholds, reward calculations, distribution frequency, or settlement procedures. It is important to distinguish between “the project includes an activity in a reward scenario” and “a particular user has received or will necessarily receive a reward.”

Question 3

Which activities related to HIBS rewards were listed in the 2022 announcement?

Accepted Answer

The 2022 announcement listed liking, voting, staking, uploading content, and sharing posts as social activities related to HIBS rewards. This list indicates that the project at the time intended to connect various content interactions with token incentives, rather than rewarding only publishing activity. The announcement does not state whether each activity uses the same eligibility conditions, reward amounts, or settlement times. Therefore, these activities should be understood as a list of reward scenarios at that time; they cannot be used to calculate the HIBS a user may receive or to assert that any activity remains available under the same rules today.

Question 4

How did the 2022 announcement describe staking in the Hiblocks ecosystem?

Accepted Answer

In the context of that announcement, “staking” was listed alongside liking, voting, uploading, and sharing as an activity that could be associated with HIBS rewards. This indicates that the project included staking in its ecosystem-participation concept at the time, rather than treating it solely as an independent chain-level validation mechanism. However, the announcement does not disclose which assets must be locked for staking, lockup periods, reward sources, annualized-return calculations, redemption conditions, or risk rules. Therefore, the mention of staking cannot be extended into a commitment regarding specific returns or operational procedures.

Question 5

Why was HIBS called a foundational ecosystem asset in the 2022 announcement?

Accepted Answer

HIBS was called a foundational ecosystem asset because the project at the time planned for it to serve as a common token link across multiple ecosystem services: HABL was named as a main project, while Challenge Run, Produckfi, HABL Stone, and VR NFT Marketplace were listed as services being prepared for launch. Here, “foundational” describes an intended project architecture: if different services use the same token, their respective participation or service scenarios can be connected. The announcement also explicitly states that these additional services were being prepared for launch, so the plan cannot be described as meaning they had all launched in 2022 or remain available now.

Question 6

What did the 2022 Gate.io listing announcement mean for HIBS availability?

Accepted Answer

On December 1, 2022, the project announced that HIBS would become available on Gate.io at 10:00 UTC on December 5. The listing event changed the trading availability described in that announcement: the project viewed it as a step to make HIBS easier for a broader group of users to trade. Launching on a trading platform and launching ecosystem functionality are two different matters. The former concerns an entry point for trading the token on that platform; the latter depends on the actual product status and rules of HABL or other services. Announcing a listing does not imply that all ecosystem services had been implemented.

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