MarketHiveby Louis H. Affiliate Marketer
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Review on MarketHiveMarketHive has made it a mission to build and provides a system that is the ultimate lead generating platform available today. A system with tools that would only be available from many different service providers around the internet, that don't always communicate with one and the other efficiently, and at prices that could leave you with too little cash to generate the leads you actually need. MarketHive provides an impressive list of network-marketing tools that generate inbound-leads, saving you from being accused of spamming.
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Instead of raising funds using ICO, Markethive has launched a post-ICO funding model that is based on transferable credit. The model is referred to as Initial Loan Procurement (ILP). The ILP is a loan agreement that allows Markethive to get funding in order to expand its ecosystem while allowing creditors to earn interest from the money loaned.
The loan agreement will be executed on Markethives blockchain platform. Creditors get to earn passive income from Markethive when they participate in the platforms ILP. The creditors will get an interest payment of their share of 20% of the annual operating profits produced by Markethive. The payment will be paid in ETH directly to the creditors contact address. The principal amount will be repaid to the creditors who hold the loan agreements until the maturity date calculated to be 20 years. This ILP is transferable and renewable.
Interest will be paid to creditors who hold the loan agreements on the distribution date. To secure the right of interest payment, creditors must provide ID verification and satisfactorily complete and sign the loan contract. The distribution date will be announced at least two weeks before the advance day. All the money transactions including the incoming and outgoing loan and interest payments will be based on USDA but made in ETH.
Creditors, after making loans to the platform and digitally signing loan agreements, will receive FSC tokens. The interest paid on the loans will be based on the loan balance but not on the FSC tokens balance. FSC tokens are Future Loan Access Tokens (FLATs) that also allows the creditors to transfer their loan agreements to others in the Markethive Founders Shares Tokens exchange. The loan amount equivalent to one FSC token is currently at phase 2 value of $15,000.
The pre-launch crowdfunding is already underway starting on April 2018. We are currently in phase 2 of 4 phases. The maximum tokens issued are 1000 available during the public ILP. Contributors are expected to register and set up an account on Markethive and sign the loan agreement before sending Bitcoin contribution to the Markethive ILP project address.
Advantages Of The ILP
The best thing about the digital loan procurement model is that it has clear legal parameters that already govern existing credit markets. Contributors in the ILP period can be assured that their funds are protected by legally binding loan agreements regulations. The interest earned will also fall under the rules used in the jurisdiction of the token owner.
Another benefit of this model is that it sidesteps the disadvantages that come with over tokenization where projects using the token sale to raise funds damage the utility of the token in the economy for which it was designed.
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Created on Dec 11th 2015 18:37. Viewed 1,839 times.