The world of blockchain is once again welcoming new member named Hive. This time, the new member comes with innovative project by offering the first cryptocurrencies invoice-financing platform. The new project would make blockchain world richer and hotter.
Innovative Cryptocurrency Invoice Financing Platform
In the world, invoice financing is a common business. This is fast growing industry, which over 20 years has been growing into multi-trillion business. The growth rate of invoice-financing industry in the world is about 14%. Such rate is quite amazing. Invoice financing is there to help business, especially small business to solve liquidity problems. In invoice-financing business, small businesses who suffer for liquidity problem could sell their invoices to third party. Then, the third party will collect money from the payer. With this system, small business should not wait until the payer pay for their invoices. Although invoice financing is common in the world, invoice financing is not yet available for cryptocurrencies. On the other hand, cryptocurrencies are hot market nowadays as it keeps on growing in fast pace. That is why Hive is a nice innovation. It combines two big markets that resulting new huge market.
Using blockchain technology, Hive is not only an innovation that takes a chance from the big markets of invoice financing and cryptocurrencies. Hive is revolutionary technology as it gives better solution for SMEs liquidity problems. With blockchain technology, invoice financing become more transparent with full and irreversible traceability. The technology also makes it possible for automated invoicing process, automated exchange process, automated credit risk assessment, and instant availability of funds. As the result, it will lessening liquidity gap for small business. Digital invoice financing is also bringing more benefits as it slashes the cost and creating more profit to investors. Therefore, Hive is working hard to make digital invoice financing to the mainstream.
HIVE Development and Current ICO
Creating a revolutionary breakthrough is not an easy thing. Therefore, Hive require about a year to develop the project and run tests. The team itself is international experts from Slovenia, Canada, United Kingdom, Bulgaria, and USA of multidiscipline including eCommerce, digital marketing, retail, business development, software engineering, strategic consulting, international law, graphic designer, blockchain technology information design, IT security, blockchain project development, gaming, investment management, and more.
After completing the tests stage, Hive is now on ICO that was started from June 19th 2017 at 08:00 UTC. The team scheduled the ICO to be run for six weeks until July 31st, 2017 at 20:00 UTC. Hive ICO would be based on BTC with the threshold is from BTC 2,000 to BTC 10,000. Liquidity pool for the ICO is above BTC 1,500 raised. If the ICO could not reach the minimum 2,000 BTC, all funds would be returned to the investors. Token for Hive is called HVN. Total supply of the ICO would be 500,000,000 tokens. Price per token will be confirmed a week after the close of ICO.
Hive welcome people of the world to participate in the ICO, with the exception of USA citizen. Identity verification is not required but participant should accept terms and conditions of the ICO. The ICO is only for cryptocurrencies. The accepted cryptocurrencies are BitCoin and Ether. For all investors in the ICO, bonus would be given for the contribution. However, bonuses would be progressively reduced by week. The biggest bonus is 15% for every contribution in the first week. Then, it would be 12%, 9%, 6%, 3%, and 0% for the following weeks respectively.
Token Represent and the Investment
Hive Token is the key to access Hive network services and a tradable token that could be used as investment instrument. Therefore, HVN owners could access invoice financing platform and the exchange market. Is the ICO successful and the project continue, buyback mechanism will be executed on the stock exchange where HVN tokens listed, as the way to repay the investors. However, the buyback might not at once, because it will be depend on revenues generated on the network of Hive to decide the amount of token repurchase. The next objective is acquisition of the project. It will happen once the initial investment is repaid and the project is treated as mature and attractive. For each token, the proceeds will be split equally after the successful takeover.
Note: US citizens are not legally allowed to participate in the Hive Project crowdsale.
Website: https://hive-project.net
Facebook: https://www.facebook.com/Hiveproject.net
Twitter: https://twitter.com/hiveproject_net
Slack: https://hiveprojectnet.herokuapp.com
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nice post
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