Blockchain technology turns out to be amazing with so many possible applications more than just cryptocurrency and investment. Now, a new invoice-financing platform is introduced to the world. The name is Hive and this is the first. Driven by the risk-lowering capability of blockchain technology, Hive comes with an idea to give a new option of low-risk financial liquidity to small business by providing a range of financing options based on cryptocurrency.
Why Invoice-Financing Platform?
Liquidity is one of common problems for small businesses. On the other hand, small businesses are the future success of economies. Invoice financing is one of several solutions for this liquidity issue. By trading invoice in the market, business will get the money they need to keep the company run. In the world, invoice financing industry has been growing in the fast pace due to the huge demand for this kind of financing. However, the risk is still high due to low transparency.
In order to help small business dealing with liquidity gap with less risk, Hive is made. This invoice-financing platform will give a unique fingerprint for every issued invoice. With blockchain technology, they make it possible for business to make the invoicing process automatic. As the nature of blockchain technology to be transparent to public, the invoice could be made available to public. There would be market for invoice trading. Central data for all invoices would be made for scoring and auditing. Then, the technology provided will help credit checks and faster real-time auditing. With blockchain technology, invoices become more tradable.
Big Markets with Higher Potential
The invoice-financing market is big. Over the past 20 years, global invoice financing industry has been growing into multi trillion dollar business. It keeps on growing with double-digit growth. This make invoice financing becomes potential business.
Cryptocurrency is also big market that keeps on growing fast. More and more people give their trust to this digital currency. The fact that decentralized currency gives more power for people to control it is one of many reasons to love cryptocurrency. Secure and transparent make other reasons. Hive is combination of those two markets. It has higher potential as the first invoice-financing platform based on cryptocurrency. With the idea so great, the future seems to be wonderful.
1 Year Development and Now on ICO
With Jure Soklic and Dejan Jovvanovic as the co-founders, Hive is prepared by multidisciplinary team of international experts for more than one year. It started from the Q2 of 2016. After go through many phases including concept development and testing, Hive is now on ICO. The ICO was started on June 19th, 2017 at 08.00 UTC. It will run for six week and end on July 31st, 2017 at 20:00 UTC. A total supply of 500,000,000 tokens is to be created. The price of the token will be confirmed 7 days after the closing of the ICO. The threshold amount of the ICO is 2,000 BTC – 10,000 BTC. In case the ICO is failing to raise the minimum threshold of 2,000 BTC, all funds would be returned.
During the ICO, bonus will be given to the contributors. The bonus scheme is 15% for the first week, 12% for the second week, 9% for the third week, 6% for the fourth week, 3% for the fifth week, and 0% for the last week. Participant of the ICO should not verify his/her identity but should accept terms and conditions of the ICO and confirm that he/she is not USA citizen. Participant can only participate with cryptocurrencies. The accepted cryptocurrencies are bitcoin and ether.
The Hive token or HVN will give access for the owner to Hive Network services. Investors will become the part of the first cryptocurrencies invoice-financing platform. Then, HVN is also a form of investment that generates return for the owner. If the ICO success, then the project will continue and token buyback mechanism would be run to repaid the investors. Token buyback will be executed on the stock exchange where HVN is listed. Hive will buyback tokens based on the revenues generated in the network. Once the buyback completed for the initial investment, the project will be attractive for acquisition. After acquisition (if it successful), the proceeds will be split equally for every single token.
"US citizens are not legally allowed to participate in the Hive Project crowdsale."
Website: https://hive-project.net
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