1Hive is a decentralized community focused on building and experimenting with applications and protocols. It operates around the currency called Honey, used for community influence through voting on proposals and protocol changes. Anyone can acquire Honey by buying or contributing to 1Hive. Unlike a company, 1Hive lacks a core team and hasn't conducted a crowd sale. Honey's market price, though recently established, doesn't dictate its distribution; however, a higher value allows the community to allocate more resources to projects, potentially expanding the Honey economy.