Website : https://hive-project.net
What is Hive Project ?
The Hive Project is endeavoring to address an issue that appearances numerous little to medium businesses/organizations that require figuring of their solicitations. This is not as hard for greater organizations but rather the littler to medium size organizations have a harder time getting this kind of subsidizing.
Factoring is the point at which an organization gets against its invoiced receivables from a loan specialist for a foreordained rate, for the most part a level of the receipt acquired against. At the point when the receipt is paid, the bank gets its part of the payment. This enables organizations to get finances sooner than the average 30-90 day payment terms that the organization may requirement for other income news and finance necessities.
The Hive Project Solution
Hive (HVN) utilizes Ethereum blockchain (disseminated record) innovation and brilliant contract to dole out a novel unique mark to each receipt issued by tokenizing solicitations and distributing them on the blockchain. This will wipe out the issue of twofold invoicing as each receipt is coded in the blockchain just once.
Organizations looking to factor can transfer all their money related information and history to the blockchain and offer what the desire with whom they need, for example, loan specialists that might be occupied with calculating those solicitations. This empowers continuous examining to be directed, enhances the credit scoring process, speeds up credit endorsements, and so forth. Hive is a conclusion to-end stage that will give SMEs simple access to here and now financing by transforming their records receivables into tradable resources. This is accomplished by tokenizing and distributing each receipt to the blockchain in a protected issue, making a radical new wellspring of financing all the while.
Hive stage utilizes two center counts for helping the speculator in assessing a venture opportunity. These two figurings are:
1. Opportunity Qualification and Risk Assessment
2. Prescient Behavior Credit Scoring with Artificial Intelligence
The whitepaper (connected in Resources Section beneath) experiences the points of interest of these two answers for the bank in detail.
The Hive Project and The Use of Smart Contracts
The Hive Project can address these issues using savvy contracts as it states superbly in the whitepaper as takes after:
“Trading data identified with these occasions in a conveyed record encourages the trigger occasions that need to happen for the merchandise to touch base at their last goal, an administration to be satisfied and for the providers to get installment. In any case, the piece affix’s capacity to encourage these trigger occasions does not end with the negligible trade of data alongside a store network. Keen contracts not just enable trigger occasions to happen, they guarantee they have done consequently.
A savvy contract can incorporate numerous gatherings such as, moneylenders, borrowers, purchasers, venders, and others. Once tokenized, they can’t be adjusted. For instance, if a savvy contract is gone into between a moneylender and a dealer, which demonstrates that the two gatherings have concurred on the getting conditions, the brilliant contract will naturally dispense an installment occasion that expects move to be made by the bank. The installment is consequently transmitted once affirmation has been gone into the framework. With a shrewd contract, legitimate terms and conditions are implanted in the PC code, which empowers the programmed execution of capacities characterized by the agreement itself.
Since the agreement won’t take into consideration extra financing to be gotten for a receipt that has just been financed, this engineering likewise avoids copy receipt calculating. Receipt duplication has been a huge deterrent keeping receipt considering arrangements from being all the more promptly accessible to SMEs, yet the fuse of blockchain innovation takes out this issue.”
We have cited a considerable measure of data from the whitepaper as it is elegantly composed and clarifies plainly the components. We recommend understanding it completely in the event that you discover this venture intriguing.
The Hive Project Token HVN
To back the Hive Project advancing, the organization is issuing its token HVN to the market. Loan specialists who need to get to financial assessments or claim a receipt to factor will pay a charge for that authorization. Hive will utilize that expense to proceed to create and reinforce the venture and discharge them once more into dissemination as vital.
The Hive Project ICO
According to the organizations site the terms of the deal are:
ICO starts: July 2, 2017
Token name Hive token (HVN)
ICO span a month and a half
What does this token speak to? Hive awards access to Hive arrange administrations.
Token proprietors will be reimbursed through a token buyback instrument executed on the stock trades where HVN tokens will be recorded. The measure of tokens repurchased will rely upon the incomes created on the Hive arrange. Once the token holders get their underlying venture esteem reimbursed through buybacks, the venture ought to be dealt with as develop and alluring for procurement by enter players in fund industry. On the off chance that a takeover is fruitful, the returns will be part similarly for every token.
Add up to supply 500,000,000 tokens
Cost per token This will be affirmed 7 days after the ICO closes.
Edge sum BTC 2,000 – BTC 10,000
Liquidity pool Above BTC 1,500 raised
Week 1 – 15% reward
Week 2 – 12% reward
Week 3 – 9% reward
Week 4 – 6% reward
Week 5 – 3% reward
Week 6 – 0% reward
Hive Project Summary
With everything taken into account, the Hive Project resembles a decent answer for upset the figuring business all in all and will convey bigger advantages to the littler to medium size organizations to get the assets they require fasterly.