The initiative behind V2 Token is to ensure that our existing UHive Tokens (V1) are able to fulfil their functions throughout the social network. For example; to buy space(s), and be rewarded for being socially active on the network.
Introducing V2 Tokens will allow users to exchange their V1 Tokens with V2 Tokens. You will not be required to exchange your current UHive Tokens with V2 Tokens, but we may stop selling the old version of the tokens in the future to harmonize the network’s economy.
Since we are in the process of assessing the regulatory environment and implications of the V2 Tokens, the issued date of release is expected in 2019.