Hive Project – Currency Invoice Financing Platform Announces the Launch of Its ICO
July 20, 2017 11:12 am,
Cryptocurrency and blockchain technology offers plenty of benefits for small and medium businesses. Not only they can be a legal, decentralized and secure payment method that will make transaction easier, cryptocurrency and blockchain has now also been used as financing option. One of the newest company that explores the application of cryptocoins and digital ledger in the financing world is Hive.
Hive is unique because it addresses one of the most common problems faced by small and medium enterprises. The problem is none other than liquidity. Many small and medium businesses cannot grow because they cannot find source to lend money due to liquidity. Hive offers a solution by giving an option for small and medium business to monetize their invoice. How can this action be useful to provide liquidity, let’s find out below.
This is where it gets interesting, just a few days ago the Hive project announced its ICO which will be run for 6 weeks. And before the ICO began the team had made the phase of ICO pre-sale
*ICO pre-sale: Monday, 19 June (18.00 UTC) – Monday, 3 July 2017 (08.00 UTC)
*New ICO: Monday, 3 July 2017 (8.00 UTC) – Monday, 14 August 2017 (20.00 UTC).
Hive project will start with a supply of 500,000,000 HVN, of which 375,000,000 will be distributed to investors during the ICO, 100,000,000 will be reserved for Development, 15,000,000 will be distributed for user growth pool, and remaining 10,000,000 tokens will be distributed for Campaign Bounties.
|Task||Hive token distribution|
|Crowdsale / ICO||375,000,000|
|User Growth Pool||15,000,000|
Crowdfund Timeline: 6 weeks
Total token supply: 500,000,000 HVN
Total ICO Supply: 375,000,000 HVN
Crowdfund Objective: BTC 2,000 – BTC 10,000
With the following early bird bonuses structure:
– 1st week : 15% bonus
– 2nd week : 12% bonus
– 3th week : 9% bonus
– 4th week : 6% bonus
– 5th week : 3% bonus
– 6th week : no bonusses
– The ICO with a multi-sig address 2 of 3
– You will be able to participate using BTC and ETH.
– Don’t send from exchanges or other wallet which you don’t own the private key.
– If that amount is not reached the funds will be returned.