5 hours to go.
When BTC will be $50k next month, This project will hold $100 millions. Wonders what will be bought with it.
next month? i gotta dump my tokens for btc.
i'm not fully aware of the hive project but isn't this going to be working like populous platform to which by the way had been running already after their ICO.
What about social media bounty? Because I'm participating in social media BOUNTY. But I've never seen Spreadsheets until today. Please give me an explanation.
Hey yayat,
the ICO bounties are still ongoing & we have explained repeatedly in this thread that spreadsheets will not be made public. We will deliver the bounties as promised, no worries.
Kind regards,
Hive Project Team
I think for the good of gift participants try to show Spreadsheet. Because we do the work but we can not see the spreadsheet. What if we are not registered but we do the work for you ?
don't they have some bounty thread specifically for hunters?
Hey electronicash,
here's a short response we've posted a while ago.
Hi termion,
I will treat your post as a question of the difference between Hive Project & Populous. If I understand correctly, Populous´s aim is to become invoice exchange platform, where you can buy & sell invoices.
However, Hive Project is aiming at something different: Hive Project uses invoice factoring to get the invoice entry into the system. We will first provide the initial credit score by evaluating publicly available historical data on the business. In the first stage of Hive Project platform, we will create a Hive fund that will itself lend to small businesses. That will also enable us to gather more data on the business In the beginning, we expect the credit rating to be less accurate because we’ll have less data to work with. Therefore we will be lending smaller amounts with more commission to fine-tune the algorithm & historical data in order to be able to lend higher value with less commission expenses.
The next step will be to provide you with historical data & credit rating system to enable peer to peer lending like an exchange, but the end goal for us for Hive Project to become an ecosystem for credit scoring of the companies and 3rd party auditing. Populous aims to be the invoice exchange.
To kickstart our journey, we will have the Hive Project Fund buying invoices in crypto, however later on, it will be an ecosystem with data offered to the market.
Also, another note: as you are well aware, in the end everybody decides for themselves what ICO to invest in. We believe we have a strong team with good background in finance to be able to deliver on what we've promised. No matter what you decide to invest in - Hive Project, Populous, both or something completely unrelated - we wish you the best of luck.
Hive Project Team
Also, we'd like to point to some of the differences that we believe would make us a good project to contribute to:
a) we’re digitizing an existing business & part of Hive Project team has restructured a bank with its own factoring house after the 08-09 financial crash
b) we have HVNX, Hive Project Invoice Financing Fund start buying the invoices, simulating the buyer side of the market to avoid a chicken or egg problem of new marketplace. Populous doesn’t have that as far as we know.
c) our go-to-market strategy with ERP/invoice issuing software integration targets SME owners in an environment they know & use every day, vs. convincing them to join yet another marketplace/platform.
Kind regards,
Hive Project Team
