Blockhive ILP instead of ICO!
While we see loads of ICOs or ITOs lately this guys came with other idea that i think might be interesting. ILP which stands for Initial Loan Procurement.
So now instead of funding tokens and believing they will raise, you give loan and can get 20 percent of blochive's annual profit as interest payment.
Why ILP is Better than ICO ?
- its a debt so not s8ubject to tax
- business doesnt need to create tokens that will actually have no use
- it is open to individuals around the world as loans are allowed almost everywhere
- you can earn interest if the project you funded makes money
Ecosystem
After initial ILP of blockhive their platform https://tokenote.io/ will be used as a platform that carries and issue future ILPs.
Hive Token
- Name: Hive Token (Ticker: HIVE）
- Total # of tokens issuable: 1,000,000,000 HIVE tokens
- Tokens to be issued in this round: 150,000,000 HIVE tokens
- Loan amount equivalent of 1 HIVE token: €0.045
- Usage: Use HIVE tokens to enter into & transfer loan agreements
- Token Protocol: ERC20 (Ethereum)
Website: https://blockhive.ee
Whitepaper: https://s3.eu-central-1.amazonaws.com/blockhive-publications/document/blockhive_whitepaper.pdf
As always do your own research before investing!
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips! |
 |
|---|
Now this, this sounds interesting as an investor myself I hope to see more and more of this happening.
How is the company or owner/creator held responsible to continue to repaying the annual profits out is it within the blockchain itself to do so ?
i came across this when reading through. If interest can be earn if the project makes money, what It the project did not or it finally collapse, what will be the outcome, will the capital be return or lost?
Sounds like your out money if it goes down which is normal for any investment.
it would be solid though if there was something written in the blockchain that just auto paid out investors on the profits month, daily etc.
Oooh
This is also what i want to know... i don't want to be the next carlos screaming BITCONNNECTTT!!
Yeah, this is kind of what is expected from ICO so if there is no automatization or legal contracts that ensure the behavior, it doesn't really offer anything new.
Nice I reblogd
I fall you and giving you vot and I m going to resyeem your post
I didn't know ILP existed. Thanks for sharing.
I don t want atention or something but i don t understand others with "intresting, upvote me, nice post, etc". You are posting really intresting informations for me and others, so they don t even read your post..
I think cryptocurrency is the future and anyone who understand it and understand how things works will benefit from it. I still have many friends that laugh when i begin to speak about online money and crypto..
Nice post I fallow resteemd and votd
This post got me thinking, is a nice offering i will chrck this out
Good post I resteemd and follow
Sounds interesting, as always, we have to evaluate the pros and cons of this system. It makes me think it is similar to SALT(blockchain asset management) and Ethlend coins.
I will definetely read about it.
Thank you!
really very informative video sir @kingscrown
beautifull explined
resteem done !
wonderful post i like it