Tag Archives: markethive

The Final Private Group Offer

The Final Private Group Offer

We have built a social and market network on the blockchain. Over 20 years of developing, 4 years in beta, now we are listed on an exchange and ready to come out of beta with nearly 10,000 members, an Alexa ranking of 30,020 over 50,000 followers on our social networks.

Markethive coin has increased in value from 1 penny $.01 to a dime $.10 in a short amount of time. The crypto Bull Market has returned and will continue to grow in magnitude for the rest of the year.
By summers end the growth of the industry should be staggering. Two well know protagonist billionaires agree, Tim Draper and Tom Lee.
https://markethive.com/group/marketingdept/blog/bitcoin-price-will-hit-4-million

This is one of the indications it is time to launch Markethive. After nearly a year with the new engineering firm and new engineers on the team, the platform is now stable and the next two months will be focused on bringing on many new upgrades, enhancements and new services.

The Offer.
What is an ILP?

The ILP is well defined in this article titled: What in heck is a Markethive ILP?

Buy $1,000 worth of MHV coin through our Markethive account (Markethive will transfer the coin to your Markethive account or your MEW wallet) and receive a .12 share of an ILP.

Buy $2,500 worth of MHV coin through our Markethive account (Markethive will transfer the coin to your Markethive account or your MEW wallet) and receive a .35 share of an ILP.

Buy $5,000 worth of MHV coin through our Markethive account (Markethive will transfer the coin to your Markethive account or your MEW wallet) and receive a .8 share of an ILP.

Buy $10,000 worth of MHV coin through our Markethive account (Markethive will transfer the coin to your Markethive account or your MEW wallet) and receive 2 shares of an ILP (one ILP and one shadow ILP).
A rotator: Plus earn an equal share of new ILP purchases in our official crowd funding launch of Markethive this summer (proposed)

Additional bonus: Existing ILP owners will also receive equal shares in the rotator Crowd Funding Launch and if you purchase an additional ILP via this offer we will double an equal amount of shares (not shadow shares) you currently hold.
ie: [If you currently hold 3 ILP shares, and purchase 2 ($20,000) new ILP accounts “receiving 2 x 2 ILPS = 4” 2 of your 3 existing ILPs will also be doubled. Giving you a new total of 9 ILPs.] 3 + 1 now equals 9!

This offer ends when 30 ILP shares have been acquired.  Several members have already taken us up on this.
Again if you do not know: What in heck is a Markethive ILP?

The following budget is what determined my decision to do one more private crowd funding before we launch our official Blockchain Crowd Funding and the Markethive Awareness campaign.

We need to raise the money to launch a huge ICO (like) public crowd funding campaign (AWARENESS CAMPAIGN) and need to raise $300k or more to make it a huge campaign. 60% of this money goes to launching our crowd funding campaign in June of this year. 40% goes to Markethive enhancements to prepare for the onslaught of new membership. We need to finish our Markethive.io site. It needs to be replicated. Our front page of Markethive is also getting a new face lift. And Markethive.net will be retrofitted as an ICO rating system

An online form to sign up for this offer is found at the bottom of this article or by tapping this link
ILP SIGNUP


Phase One ($20,000):
We will need to publish large Press Release campaigns to the following Crypto News Sites

 

  1. BUSINESSINSIDER.COM (via Prlog.com $350)                                          Alexa: 327
  2. CCN.COM Press Release $349                                                                    Alexa: 1,458
  3. COINTELEGRAPH.COM Press Release $3500                                           Alexa: 4,496
  4. BITCOIN.COM Press Release $1,995                                                          Alexa: 11,763
  5. COINTRAFFIC.IO (Scheduled Crowd Funding Campaign $25)                   Alexa:  15,823
    SEE MEDIA KIT PDF
  6. BENZINGA.COM Press Release $500                                                         Alexa: 21,239
  7. NEWSBTC Press Release $799                                                                   Alexa: 25,740
  8. LIVECOINWATCH PR via Coinzilla $200                                                     Alexa: 33,268
  9. ETHEREUMWORLDNEWS.COM  Press Release: $350                             Alexa: 40,325
  10. BITCOINIST.COM Press release $999                                                         Alexa: 41,709
  11. THEBITCOINNEWS.COM press release $990                                             Alexa: 41,493
  12. BITSONLINE.COM Press Release via Coinzilla $300                                  Alexa: 49,562
  13. BLOCKONOMI.COM Press Release is $199.                                              Alexa: 56,128
  14. BITCOINMAGAZINE.COM Sponsored Article + EMAIL $4000                    Alexa: 51,480
  15. INVESTINBLOCKCHAIN.COM  Press Release is $199.                              Alexa: 58,846
  16. DAILYHODL.COM Press Release $150                                                       Alexa: 60,654
  17. NULLTX Press Release $300 Sponsored Article $600                                Alexa: 65,887
  18. CRYPTOGLOBE.COM Press Release via Coinzilla $220                           Alexa: 79.744
  19. CRYPTODAILY.CO.UK  Press Release via Coinzilla $400                          Alexa: 80,870
  20. CRYPTOSLATE  FEATURED LISTING: $199 PER MONTH                      Alexa: 81,131
  21. PORTALDOBITCOIN.COM  PRESS RELEASE VIA COINZILLA: $200     Alexa: 91,297
  22. SMARTEREUM Press Release: $249                                                         Alexa: 97,553
  23. SMARTEREUM SPONSORED STORY: $999                                            Alexa: 97,553
  24. BTCMANAGER.COM Press Release $500                                                 Alexa: 112,197
  25. ZYCRYPTO.COM Press Release $100                                                       Alexa: 121,487
  26. BLOKT.COM Press Release $200                                                               Alexa: 164,593
  27. SLUDGEFEED.COM Press Release $100                                                  Alexa: 222,695
  28. CRYPTOCURRENCYNEWS.COM  Press Release $197                           Alexa: 376,032
  29. CRYPTORADAR Press Release $59                                                          Alexa: 1,304,572

SUB TOTAL                                          $19,000.00 Primary campaign


Phase Two ($75,000):
Secondary Marketing Assets

  1. COINMARKETCAP (3days banner at top of page $14,500)                       Alexa: 485
    SEE MEDIA KIT PDF
  2. CCN (sponsored story for $1499 + emailed to 100,000 $1.799)                Alexa: 1458
  3. COINTELEGRAPH.COM (Publish package $20,000)                               Alexa: 4,544
  4. COINDESK.COM Minimum $10,000 Newsletter $10,000 per                   Alexa: 6.294
  5. CRYPTOCOMPARE  (Sponsored Guide Sponsored Newsletter)             Alexa: 11,189
  6. BITCOIN.COM (500,000 Impressions Banner $5700)                              Alexa: 11,988
  7. Ivan Liljeqvist YOUTUBE CHANNEL ($11,000 interview)                        198k subscribers
  8. AMBCRYPTO (ICO form submitted $8,000)                                             Alexa: 22,118
    SEE MEDIA PACKAGE PDF
  9. ETHEREUMWORLDNEWS.COM (Native Article: $1200)                        Alexa: 40,325
  10. THEBITCOINNEWS.COM (Press Release $990)                                    Alexa: 41,493
  11. BITCOINIST.COM Sponsored Article + Social Network $1,950               Alexa: 41,709

SUB TOTAL                                          $75,000.00 Secondary package
 


ICO Launch and Rating Sites ($16,000):
We will need to register and publish to the portfolio of ICO benches and ICO revue sites. They all charge fees to do it “right”.

  1. COINGECKO.COM Banner Ad program $3500 per month                     Alexa: 6,595
  2. ICOBENCH Consultation, Mass Press Release  and  Listing $5000      Alexa: 38,516
  3. ICOMARKS.COM ICO Promotion Premium  $500                                  Alexa: 73,714
  4. ICOHOLDER.COM  PUBLISH ICO: $500                                               Alexa: 124,622
  5. ICORATING.COM  Listing + investment rating, publication  $3,500       Alexa: 155,355
  6. AIRDROPRATING.IO Rocket PR to massive social networks $600       Alexa: 163,761
    SEE MEDIA PACKAGE PDF ON FILE
  7. BLOCKCHAIN INVESTOR COMMUNITY   Free Submission                 Alexa: 238,472
  8. ICOBAZAAR.COM   Free submission
  9. COINSTAKER.COM  Full campaign package $2000                              Alexa: 345,864
  10. ICOALERT.COM   CONSULTING (Have Reached Out)                         Alexa: 380,596
  11. COINIST.IO Listing and Press Release $2,600                                      Alexa: 664,338
  12. COINLAUNCHER.IO   PREMIUM LISTING: .75 Bitcoin                         Alexa: 805,035
  13. FINDICO.IO    ONE MONTH PREMIUM: 3ETH                                      Alexa: 1,172,488
  14. ICOTOP.IO    ICO Rating Agency Free to Add your ICO                        Alexa: 2,270,743
  15. THETOKENER.COM   Full Ad package $2220                                      Alexa: 2,279,375
     

SUB TOTAL                                          $16,000.00

Advertising Channel for Email distribution, Social Networks Broadcasting, Banner advertising

  1. BUYSELLADS.COM Crypto Bundle to 16 high ranked domains, social networks and email distribution runs  $17,000                Alexa:  60,163

Required Development before Launch ($52,000)

Final Leg Project Priorities

1.    New Root Domain front page to qualify us for a banner account –          $4200

2.    Floating video on home page. Replaces video in Upgrade Level page.  Videos  1:Tutorials | 2:Entrepreneur | 3:Social Account Setup with associated links to the designated pages, sections or groups. –                              $840

3.    The “NewsFeed”  GROUP whereas members of the group posting to the group distributes the post to all Markethive members Newsfeeds from that member, not the group. Whereas pinning a post makes that post default on all new accounts made thereafter until Unpinned. https://markethive.com/group/default_newsfeed   
NewsFeed Upgrade: New signup notification on all newsfeeds. Notification alerts to a new signup, their name and link to the Profile Page, ability to friend request and send a tip and (who signed them up?)                                  $1400

4.    NewsFeed repair: Anyone who is a friend should see your Newsfeed posts on their Newsfeed, This is broken and inconsistent. Mostly with new members. When a post is deleted by the author or Group admin, it should be deleted for all. I can show you where this is not working.                                      $560

5.    When a friends Group is posted to, it should not appear on my News Feed unless I am a member of that group. Right now that is broken and appears on my NewsFeed      $560

6.    NewsFeed Upgrade: We need a search and filter. Search allows searching keywords, members, date range, group posts, and GEO. Filter determines what default displays. Same ranges.                                          $3500

7.    Blocking a member. Hides all newsfeed posts from being viewed both ways, removes the blocked member from the group and deletes all posts in owners  groups, removes all comments from owners blogs and hides all blog comments from member to owner and owner to member. Prevents blocked member from commenting on a blog, but allows viewing, and subscribing, but not SWIPING.                      $2800

8.    Gateway:  Payment Methods “Bitpay”, “AuthNet”, “Paypal”, “Amazon”, “Apple Pay”. All, payment processing is used for Entrepreneur monthly and yearly subscriptions and purchase of Markethive Ad Credits. Ad Credits can be used to purchase Markethive Coin to be used to purchase Advertising Services, such as News Feed Ad boosts, Banners, sponsored articles, Press Releases, Markethive Social Account broadcasts.                  $4200

9.    Entrepreneur “Upgrade Level” redesigned             $350

10.    Picwic Tracking Broken: IT BUDGET      $350
         a.    Capture Pages 
         b.    Capture Widgets 
         c.    WP Plugins 
         d.    Profile Page 
         e.    Rotator 
         f.    Mini Url

11.    Leads Control Panel broken IT Budget       $140
         a.    Empty folders disappear.

12.    Autoresponder issues IT BUDGET       $140
         a.    Drag and drop reorganizing is broken

13.    Markethive.io (Crowd Funding Promo Site)
         a.    Secure Certificate
         b.    New ICO like template
         c.    Finish Markethive IO  videos

14.    API coin transfer (First wallet) – IT BUDGET     $32,500

15.    Remove Paypal, designate verified when the phone number has been verified. Replace the image with a new Image  – IT BUDGET     $70

16.    Super Groups
         a.    Press Release Group. Customer built as a super group for just Press Release publishing and payment to publish standard, advanced and master levels.  IT BUDGET    $10,000
         b.    Sponsored Articles Super Group payment options for published to front page, distributed to social networks, distributed to WP blogs  IT BUDGET   $10,000
         c.    Curation function in all groups to add 3rd party RSS feeds and a deliver keyword(s) filter IT BUDGET $10,000

17.    Automated Tutorial System  IT Budget $5000

Proposed budget for IT upgrades is $90,000


Total proposed cash required ($193,000)

is a conservative estimate and we also want a treasure chest for additional development unforeseen at the moment.

Summary:

As Bitcoin Surges, so will the Markethive Coin and subscriptions and paid services. Our timing could not be better. We survived the Crypto Winter and it is now time to go to the moon.

Bitcoin Surging 19% Only the Beginning, Halving Will Propel to Meteoric Gains
https://www.ccn.com/bitcoin-surging-19-only-the-beginning-halving-will-propel-to-meteoric-gains

Markethive is this hybrid symbiotic phenomenon. Unique, exponentially powerful and will be a major driving force in unbelievable revenue generation as well as widespread respected service.

A Case study: Let’s look at the Media Content suppliers for the Crypto media. They have very big traffic and they publish banners, press releases, sponsored articles, ICO analysis all for fees and many make over a $million a year. The tools they use are not unlike the tools we deliver to you in Markethive. That being said, it is not difficult to grasp the fact many Markethive members can build a similar success with our system like we are building for you @ http://aboutbitco.in/

Keep in mind, we have not promoted it nor finished it, but it will be no different than a WordPress portal you could build using the same tools found in Markethive

https://www.worthofweb.com/website-value/aboutbitco.in/

Markethive is a market network and these tools are equally commanded by each individual which means any member at Markethive could produce similar traffic and revenue because of Markethive but not by Markethive. It is the entire vision to empower our members to achieve great heights.

ILP registration and purchase



Sincerely,

Thomas Prendergast
CEO  Founder
Markethive

Thomas Prendergast

Markethive Fun Orientation Program


The Markethive Orientation Program

The Markethive orientation program is the brain child of Doug and me. We have dedicated a once a week live event where we share our perspective on a particular aspect, feature and benefit of the many levels of the Hive.

When we do these events, we will record them and publish a blog and list them for one week in the calendar.


Markethive to the Moon!

 

Thomas Prendergast
CEO Founder
Douglas Yates
CTO Founder

Thomas Prendergast

Douglas Yates CTO Weekly Report 08.10.18 Markethive


Douglas Yates CTO Weekly Report 08.10.18 Markethive

Welcome to a new Markethive.com feature – “Behind the scenes with Douglas Yates, CTO”.  

These short weekly updates will show you behind the scenes of what is happening with Markethive.com and how we are meeting our published milestones.  

Don’t miss it – Stay informed – Universal Income for all entrepreneurs.

Douglas Yates
CTO  Founder

Markethive

Thomas Prendergast

Why Airdrops?

Why Airdrops?
This is why Markethive will replace Facebook

“Airdrops combine the best of paid referral programs with stock options. Potential users get paid for joining or using the network and have the potential upside if the network increases in value.”

Brayton Williams to CoinDesk

Why Do Projects Airdrop Their Tokens For Free?

Airdrops raise awareness, even Paypal (pre blockchain) discovered the awareness effect, and goodwill giving away $20 to sign up and verify your account back in the early 2000s. Paypal is now a household word and $50 billion company.

This awareness has a tendency to increase the token value as well as create a network effect. IE: A network effect (also called network externality or demand-side economies of scale) is the positive effect described in economics and business that an additional user of a good or service has on the value of that product to others.

This marketing strategy plays on a cognitive bias known as the endowment effect. In psychology and behavioral economics, the endowment effect (also known as divestiture aversion and related to the mere ownership effect in social psychology) is the hypothesis that people ascribe more value to things merely because they own them.

Are Airdrops Effective Marketing Tools?

OmiseGo conducted the first airdrop of this kind and amplitude on September 4th – distributing 5% of the total issuance of OMG token to every ETH address, with a minimum balance of 0.1 ETH. The airdrop enabled each ETH holder, by providing them with a share of the 5%, proportional to their share of the total circulating supply of Ether.

The aim of the airdrop was to allow the token to be distributed as widely as possible, allowing for true decentralisation of the platform, to ultimately increase its network security.

On the chart below from Google Trends, you can see that a surge in search interest related to OmiseGo occurred during the days of the airdrop, reaching a peak close to the end of 2017, and dropping to a tenth of the search interest in June 2018. Most websites such as CoinDesk, CoinTelegraph, and much of the Twittersphere spoke about the airdrop, leading to many people wondering what the project was about, and increasing OMG brand awareness.

The TRON foundation just recently completed an airdrop to market the Tron platform, which was set to launch a few days after the drop. Its desired effect on awareness had little impact most likely caused by the current bear market.

The cause could be simply that Tron was omnipresent in social media since January, meaning people were already aware of an incoming airdrop, or as this is the first airdrop that took place squarely in the middle of the current bear market we find ourselves in, so overall interest in cryptocurrency has led to this lack of interest in Tron’s airdrop.

However, POLY (Polymath) after privately raising 12.9 million decided to airdrop 10 million POLY coins to the blockchain community instead of an ICO, deciding to allow anyone to subscribe to the airdrop regardless of their holdings.

They received more than 40,000 applications complete with KYC and AML screening, to ensure that the tokens were airdropped to real users, rather than bots. All the people which completed the procedure received 250 POLY, worth $165 at the time of writing and $400 at the token’s all-time high.

Similarly to the other projects, besides Tron, the marketing scheme worked, as the search interest for Polymath reached its all-time high by the 10th of January, the deadline to apply to the airdrop.

In summary, it is strongly evident the additional benefits awareness causes trading and coin demand increase drives coin prices up.

What are Infinity Airdrops?

Inspired by the Paypal Hack, the Dropbox Campaign, then Crypto based Airdrops by OMG, EOS and TRON, amazing successes, effective yet short events; Markethive in the spirit of the Bitcoin Faucet and Universal Income is delivering the Infinity Airdrop. Simply join Markethive and receive coin, an offer with no end.

What are faucets? I assume most people know what a faucet is, but I am wrong in that assumption. It is a relatively new phenomenon, in that by simply visiting a website, entering in your Bitcoin wallet address, and solving a simple captcha challenge you can get paid free Bitcoin. Case in point:

Imagine a faucet giving away 5BTC! That’s what Gavin Andresen’s faucet was paying back in June of 2010. It was his first bitcoin-related coding project and he started it off with ฿1,100. At today’s prices, that’s close to $7,150,000. Your claim of ฿5 would be worth $32,500!

The concept created a huge, subculture phenomenon; with literally 1000s of sites operating like survey sites to get free Bitcoin. Unfortunately, the process today is anti-productive and only the most stalwart contenders are able to keep to the tasks due to the oppressive popup ads, viruses, browser hijackings, etc. The concept is intriguing and we believe the promise is solid, just waiting for a system to do this right.

Airdrops, Faucets and Universal Income

There is something there, blockchain, crypto, anti-inflationary coins, faucets and airdrops and Universal Income. Conventional Wisdom seems to think by heavily taxing the elite and profitable business interests, the masses can be given a sustainable income to survive. We do not agree. It is nothing more than a repackaged attempt at communism, stealing from the rich by the middleman, and giving to the poor, creating an entitlement culture, and a rich and powerful middleman (after all they will become more equal than you) bureaucracy and autocrats running the show. There is the absence of any motivation for the recipient of their allotted Universal Income (thereby destroying self-esteem) and the whole idea supports tyranny in every way.

We offer an alternative Universal Income. Get paid to support the entrepreneurial culture by simply working at building your dream within the ecosystem of Markethive. To attract the masses of entrepreneurs, we launch and operate the Airdrop. The never-ending Airdrop.

Markethive has set goals to build out portfolios of Coin Exchanges (like Bittrex and Cryptopia), News Sites (Like Cointelegraph and News.Bitcoin), Web building systems (like Wix and Volusion), Green House hybrid mining systems, and an ongoing strategy to build “money machines” to contribute to the sustainability of the Markethive Universal Income for Entrepreneurs.

The Billion Coin Drop

Markethive’s vision is to deliver Entrepreneurs a Universal Income in an Ecocenter environment designed to accelerate success as well as return huge profits to the founders who financed the initial stages of the platform, like the following have done:

Paypal valued today at $50 billion
New customers got $10 for signing up, and existing ones got $10 for referrals. Growth went exponential, and PayPal wound up paying $20 for each new customer. It felt like things were working and not working at the same time; 7 to 10% daily growth and 100 million users was good. No revenues and an exponentially growing cost structure were not. Things felt a little unstable. PayPal needed buzz so it could raise more capital and continue on. (Ultimately, this worked out. That does not mean it’s the best way to run a company. Indeed, it probably isn’t.)”

Dropbox valued today at  $10 billion
While PayPal rewarded its users with cash, Dropbox gave extra storage space to both the referrer and the referees. This was clever, because it invests the users in the product. It made sense for PayPal to give cash, because they’re a payments company and need users to use their service to make financial transactions. Dropbox is a storage company, and they need their users to use their service to store stuff. In both cases, the optimal currency is the lifeblood of the product. In World of Warcraft, the reward is in-game social currency, in the form of rare Mounts that can be shown off.

EOS Marketcap at $6.4 billion
EOS has become a powerhouse in the crypto space. One of the most promising things about it is the airdrops. Unlike Ethereum, many EOS projects are choosing to collect zero funds up front. Instead, they simply drop their token to the EOS community, while dropping themselves tokens to fund their project. The EOS markets then decide the value of the token based on demand, The team then sells some of its tokens to raise money. Since it’s easy and practically free to start a project on EOS, new players are popping up every day.

OMG Marketcap at $1 billion
Shortly after their first Airdrop, things started happening for OMG. OmiseGo's OMG token is reporting double-digit gains today, figures that throw shade on the rest of the top 25 cryptocurrencies by market valuation. Having clocked a two-month high of $20.67 earlier today, OMG is now changing hands at $18.20 on Bitfinex – up 15 percent in the last 24 hours. Meanwhile, OMG's BTC-denominated exchange rate jumped to a seven-month high (highest since Sept. 30) of 0.0023466BTC. The price rise may be associated with the OMG's listing today on Bithumb, one of the biggest cryptocurrency exchanges in South Korea. The token was also listed on Zebpay, one of India's largest cryptocurrency exchanges, yesterday. According to the chart analysis, though, the outlook will remain bullish as long as prices hold above $14.40.

By The Numbers

First Airdrop will utilize 1 Billion Coins

500 coins will be transferred to every new subscriber to Markethive upon completion of the registration process. An additional 100% matching bonus will be awarded to (either) the qualifying referrer, or in a rotational share assigned to a qualifying member in the CAP (Customer Acquisition Program) Thus 1000 coins will be used for every new subscriber, thereby producing 1 million new Markethive subscribers.

To qualify for the matching bonus, the CAP, and other benefits, the subscriber must upgrade to the Entrepreneur level at $100 per month. The benefits of this upgrade far outweigh the monthly costs. The Entrepreneur upgrade is explained in detail further down.

In scores of focus groups when the participants understand the benefits with the Entrepreneur upgrade we consistently get 100% of the participants agreeing they would enthusiastically upgrade to Entrepreneur.  We are downgrading our projection to 10% for this illustration at the lowest expectations.

Projected Scenario

First Airdrop of 1 billion coins divided by 1000 (500 to the new registrant and 500 to the referrer) equals a total of 1 million registered members. Estimating 10% will upgrade to the Entrepreneur level at $100 per month or pre Pay $1000 per year ($200 discount) that monthly income revenue valued at $10 million in USDA.

20% of Markethive revenue (profit) is set aside to pay back the loan (ILP) holders, share(s) of that profit. There are 4 phases in the crowdfunding. If the Airdrop is launched when Phase one is completed, and that Airdrop produces 1 million subscribers as projected and 10% of those subscribers upgrade to Entrepreneur level, as projected, then those 125 ILP shareholders will each receive $16,000 as projected (but not guaranteed) the first or second month, depending upon the effectiveness of that campaign.

As such if we do not launch until Phase 2 is completed, there will be 250 ILP shareholders activated to receive equal shares of the projected revenue of 20% of the $10 million making each holder $8,000 per month as illustrated and projected.

If we should complete all 4 phases prior to launching the Airdrop etc. then the projected revenue will be shared amongst 1000 shareholders (500 active and the 500 projected Shadow holders) paying out $2,000 per month per share.

We are seriously preparing to replace both LinkedIn and Facebook as the next-gen network, the Market Network.

No other system out there has the advantage to do this. We are well branded. Markethive perfectly brands and illustrates exactly what we are. A Market Network, a name easily remembered, a name that has been trademarked in the US and internationally in as many classes possible, ensuring command over the usage of the name. We have also taken control on 95% of all TLD domains. We also control the name as a username on every Social Network that matters.

Trademark proof: https://trademarks.justia.com/owners/markethive-inc-3156092/

Markethive has been operational in BETA with over 5000 subscribers for nearly 4 years. Our entire system is run on our copyrighted code. It is a proven system and continually improves.

Appendix of options and requirements:

Mention 3 referrers activates the Micro Payment system

 

Markethive is converting to the blockchain to increase security, ensure privacy and establish digital currency viability. Blockchain conversion gives us our own coin to conduct internal commerce but also trade and commerce outside globally.

Having our own viable coin, allows us to activate a Micro Payment system, to reward active members, with a real Universal Income with Markethive tradeable coin.

The Markethive Free Program

Everything (Airdrop, Inbound Marketing, Social Networks, Blogging Platform, Broadcasting, Groups, Campaigns, Capture Pages, Conference Rooms, earning free coins, Messaging, Wallets, etc.) in Markethive is free. You can even be rewarded for referring your friends and traffic to sign up via the Infinity Airdrop. Markethive has a Micro Payment reward system where you can earn income by simply using the tools of the system. To activate it, you simply refer 3 people to sign up via your profile page.

The Entrepreneur Upgrade program

100% Matching Referrals

Earn 100% Matching Bonus on all signups referred through your profile page. This can be as much as 500 coins, traffic 1000 people to register through your profile page and earn up to 500,000 coins. (Steem a social networked blog blockchain platform only, coins are trading at $1.30 and earlier this year had reached over $6 per coin. We expect Markethive coin to eclipse Steem once Markethive gets rolling).

Build Quality level Leads

Facebook makes friends, LinkedIn makes connections, and Twitter makes contacts. None of these give you additional social accounts, verified phone number, full name, IP, agreement to connect, etc. Markethive’s Entrepreneur program acquires this for you and calls them Associates, superior lead development within a nurturing program.

Company Ad Co-op

Buying customers is a relatively new concept. Trivita does this for their distributors. Buy a marketing share and receive 1 customer. They charge between $60 to $150 per customer. It is a sound concept and helps to grow the budget for larger advertising campaigns. The Entrepreneur upgrade is built on this concept. We take the revenue raised by the Entrepreneur Upgrade and run million dollar ad campaigns, video ads, press releases, articles, social networked reaches to drive the awareness of the Markethive Airdrop, the Markethive system, and the Markethive Universal Income.

Our Co-op sells shares, which means you could receive a lot of “customer” referral signups, not just one.

Traffic Portals

Thomas Prendergast the CEO and Founder of Markethive coined the term “Traffic Portals” back in the 90s. Traffic Portals offer something of value. A news site, a search engine is a version of a Traffic Portal. Markethive already has a portfolio of Traffic sites in the works;

Bigcaboodle.com (A WIX like web site builder)

Aboutbitco.in (A news site like Cointegraph.com)

Hiveroom.com (A webinar service like Gotomeeting)

Beelancers.com (A freelancers pier to pier commerce type site)

MarketExchange (A cryptocoin Exchange site)

CryptoPonics (A hybred coin mining and herb greenhouse facility)

The epitome of Inbound Marketing is the Traffic Portals. They assist in generating additional traffic that converts to customers for your benefit as the Entrepreneur upgrade at Markethive.

Exclusive Banner Program

Banners appear throughout all Markethive dash board pages, blogs, and Traffic Portals. Exposure is guaranteed. Banner advertising is exclusive to the Entrepreneur Upgrade. Banner ads may run up to 7 days. Compare to other systems banner ad programs average $100 per day per banner. Banner ad placement in the Markethive system is unlimited.

Shadow Share ILP (ICO) incentive

As an Entrepreneur Upgrade, you also get your own replicated IO site. An IO site is the web page we use to raise crowdfunding. Most blockchain start-ups, like TRON, EOS, OMG, etc. utilize a similar type of page for their ICO (Initial Coin Offering)

Having your own replicated site will tag all crowdfunding applicants to you.  Any ILP that is processed will earn you an equal shadow version of that ILP. The only difference a showdown ILP is to an active ILP is the shadow is not actively sharing profit until the crowdfunding campaign is completed. Then the shadow ILPs become active for the same terms the ILPs Have.

This can be a significant opportunity to build an investment that has the potential to return significant revenue over the years of the terms of the ILP.

Welcome to the new Markethive

Thomas Prendergast
Founder
 

Thomas Prendergast

Blockhive Introduce The ILP Markethive is implementing it

The Next Generation of ICO Is Here? Blockhive Introduce The ILP

We’re entering into a new world of finance and transfer of value, one that could have large implications for many current intermediaries and many individuals all across the globe.

In this era we have a trustless system where exchanges are to happen peer to peer in a seamless manner, this is facilitated by the blockchain and interesting features such as smart contracts. These features have contributed to interesting mechanisms that institutions are using to raise capital to fund operations while using that same capital to form an economy where that specific form of capital, that issued token, is what’s used as the currency of trade.

This mechanism is called the Initial Coin Offering and it has been a mechanism that has grown rapidly in the past, yet, there have been forms of abuse in this direct to market offering sort of mechanism and governments have looked into regulating it, while some, such as China and South Korea have went as far as banning this new sort of funding vehicle.

This state of uncertainty has caused some organizations to act and provide their unique solution to this new market need.

The introduction of the ILP

The Initial Loan Procurement (ILP) is introduced to serve as an alternative to the Initial Coin Offering, providing for global financing using cryptocurrency.

ILP’s were introduced to alleviate the current issues that were surrounding ICO’s. These issues stem primarily around the aspects of legal and taxation, both, serving as major concerns for any reasonable and sophisticated investor.

Another issue that is continuously brought up around the idea of ICO’s is the question of, can this business truly create an economy that sustains its native token? Sometimes, the answer comes up as no, going further into the matter, at times, one might even find that setting up an economy through the ICO funding vehicle could contribute to a worse experience for the user.

How does ILP solve these issues?

Through the future loan access token (Flat). This a mechanism formed to overcome issues of taxation and regulation. It works through a simple process and also acts a token model, one issues these through Ethereum using an EIP20 standard. This essentially enables a token agreement with the token issuer as well as the transfer of agreement to others. Those who hold FLAT tokens are able to digitally sign a loan agreement, become a creditor and receive interests through the feature of  Agrello smart contracts.

A key feature of the ILP structure is that creditors are able to transfer rights to a new creditor if they wish to do so.

Initial Deployment and the Future

The organization behind this new structure, Blockhive, in conjunction with Agrello, will be issuing the first ILP from January 26th through the end of February 9th.

After they use and deploy this initial funding vehicle, it is expected that others too, will start to use it as a solution to their regulatory and taxation struggles. Interested parties will be able to access and use this new form of financing through the joint venture platform, tokennote.io.

What are the highlights of the Initial Loan Procurement Vehicle?

  • Accessible Globally
  • Legally Binding, recorded on the blockchain, thus providing security for creditors
  • ILP is structured in the format of loans, thus allowing for it to not be subject to taxes, a necessity when raising funds for a new venture
  • No need for a new and unnecessary and purposeless token

The ILP is regulation-friendly, blockhive has conformed to regulatory frameworks, making certain that issuers comply with anti-money laundering laws

We’re entering into a new world of finance and transfer of value, one that could have large implications for many current intermediaries and many individuals all across the globe.

In this era we have a trustless system where exchanges are to happen peer to peer in a seamless manner, this is facilitated by the blockchain and interesting features such as smart contracts. These features have contributed to interesting mechanisms that institutions are using to raise capital to fund operations while using that same capital to form an economy where that specific form of capital, that issued token, is what’s used as the currency of trade.

This mechanism is called the Initial Coin Offering and it has been a mechanism that has grown rapidly in the past, yet, there have been forms of abuse in this direct to market offering sort of mechanism and governments have looked into regulating it, while some, such as China and South Korea have went as far as banning this new sort of funding vehicle.

This state of uncertainty has caused some organizations to act and provide their unique solution to this new market need.

The introduction of the ILP

The Initial Loan Procurement (ILP) is introduced to serve as an alternative to the Initial Coin Offering, providing for global financing using cryptocurrency.

ILP’s were introduced to alleviate the current issues that were surrounding ICO’s. These issues stem primarily around the aspects of legal and taxation, both, serving as major concerns for any reasonable and sophisticated investor.

Another issue that is continuously brought up around the idea of ICO’s is the question of, can this business truly create an economy that sustains its native token? Sometimes, the answer comes up as no, going further into the matter, at times, one might even find that setting up an economy through the ICO funding vehicle could contribute to a worse experience for the user.

How does ILP solve these issues?

Through the future loan access token (Flat). This a mechanism formed to overcome issues of taxation and regulation. It works through a simple process and also acts a token model, one issues these through Ethereum using an EIP20 standard. This essentially enables a token agreement with the token issuer as well as the transfer of agreement to others. Those who hold FLAT tokens are able to digitally sign a loan agreement, become a creditor and receive interests through the feature of  Agrello smart contracts.

A key feature of the ILP structure is that creditors are able to transfer rights to a new creditor if they wish to do so.

Initial Deployment and the Future

The organization behind this new structure, Blockhive, in conjunction with Agrello, will be issuing the first ILP from January 26th through the end of February 9th.

After they use and deploy this initial funding vehicle, it is expected that others too, will start to use it as solution to their regulatory and taxation struggles. Interested parties will be able to access and use this new form of financing through the joint venture platform, tokennote.io.

What are the highlights of the Initial Loan Procurement Vehicle?

  • Accessible Globally
  • Legally Binding, recorded on the blockchain, thus providing security for creditors
  • ILP is structured in the format of loans, thus allowing for it to not be subject to taxes, a necessity when raising funds for a new venture
  • No need for a new and unnecessary and purposeless token

The ILP is regulation-friendly, blockhive has conformed to regulatory frameworks, making certain that issuers comply with anti-money laundering laws

Markethive isw utilizing this loan based crowd funding option.

Thomas Prendergast

The 5 + 18 Things Elon Musk Does Every Day to Make Himself Productive

The 5 Things Elon Musk Does Every Day to Make Himself Productive

Elon Musk gets more done each day than any three random CEOs. Here's how he manages it

Last week, I pointed out that because Elon Musk can successfully run multiple businesses, he could run any one of those businesses working part-time. Because of this, mere mortals like you and me should be able to create and run a business without working long hours– certainly not more than 40 hours a week.

As you can imagine, I got some pushback on that concept, probably because I neglected to point out specifically what Elon Musk does to manage his time better than your average insanely successful entrepreneur.

I've not worked with Musk personally or interviewed him but I watch him and his companies pretty closely. Here are some specific techniques that have emerged either from Musk's speeches or from his actions as reported in the news:

1. He doesn't bother with business plans.

In a recent appearance at SXSW, Musk explained that he's not a big fan of business plans. Instead, he works at the visionary level and leaves the operational details to others.

By contrast, most CEOs (including Steve Jobs, BTW) tend to get deeply involved in the business planning process, even to the point of micromanaging it.

The main point of a business plan is to get funding; after that, you're probably better off setting ambitious goals and improvising a way to get there (i.e., pivoting).

 

2. He immediately ends pointless conversations.

As I mentioned out in "Elon Musk Just Gave the World's Best Productivity Advice in a Single, Short Sentence," when Musk perceives that people are wasting his time, he cuts them off, even if it seems rude. To his way of thinking, what's truly rude is forcing him to listen to conversations that are neither interesting nor useful.

For example, when some analysts at a financial update meeting asked him some stupid questions, Musk just pointed out that the questions were "bonehead" and moved on. While he got flak for this, subsequent events have proved Musk right: The question were bonehead.

By refusing to suffer fools gladly (or otherwise), Musk probably frees up a dozen or more hours each week to do other, more useful things. As an additional bonus, he isn't forced to clutter up his mind with other people's irrelevant nonsense.

 

3. He immediately walks out on useless meetings.

Similarly, if a meeting wanders or is on a subject that's not immediately relevant, Musk simply gets up and leaves. More important, he also gives his staff and employees permission to do the same.

Since meetings are the biggest time wasters in business, Musk, by refusing to be part of a captive audience, probably frees up another dozen hours a week that he can spend on something useful or amusing.

 

4. He avoids foolish consistencies.

Musk isn't afraid to contradict himself. As a result, he doesn't waste his time defending the indefensible.

For example, while Musk frequently touted that Model 3 factory as almost entirely automated, he didn't hesitate to publicly announce it when he swapped out some automation in favor of human labor.

Most CEOs would have quietly made the change and then tried to bury it to avoid some bad PR. This adds the time and mental burden inherent in any cover-up that could turn into a PR disaster.

It's much more time-effective to do what Musk does in such situations: Bite the bullet and then move on.

 

5. He decides rather than deliberates.

In my experience and observation, most CEOs–even entrepreneurs–tend to overthink and overanalyze before taking action.

By contrast, while Musk never appears to be acting out of ignorance, it's obvious from the pace of his decision-making that he prefers to decide to take action (with all its attendant risks) to talking a decision to death.

A perfect example of this was when he fired all the Tesla contractors who couldn't find a Tesla employee to vouch for them. Most CEOs would have tried to cut the contractors "with all due speed," taking months to do something that could apparently be accomplished in a single day.

 

  By Geoffrey JamesContributing editor, Inc.com@Sales_Source

 

Thomas Prendergast

Russian Institutions to Trial Central Bank ICO Platform

Russian Institutions to Trial Central Bank ICO Platform

Two Russian financial institutions are set to test a regulatory platform

that aims to make domestic initial coin offerings (ICOs) more transparent and secure for traditional investors. Russia's National Settlement Depository (NSD) announced on Thursday that it is working with Sberbank CIB, the bank's corporate and investment banking arm, to test an ICO issuance platform launched by the Bank of Russia – the country's central bank – in April.

According to an announcement, in the testing environment, a company named Level One will launch a token sale, for which Sberbank will act as the "issuance coordinator and anchor investor." The NSD, on the other hand, will serve as the custodian, recording and settling transactions, as well as safeguarding the assets. The firms say the platform will ultimately provide transparency that would reduce risks for traditional investors in the token issuance process. It's hoped the test, along with feedback from the central bank, will help improve the platform before it can be scaled up for real-world use.

Igor Bulantsev, senior vice president of Sberbank and head of Sberbank CIB, said:

"Sberbank CIB considers the Russian ICO market to be very promising. Many Sberbank clients are interested in this type of investment, and we plan to promote this service proactively once the appropriate legislative framework comes into effect; we will be one of the drivers to institutionalize and popularize this type of transaction."

As previously reported by CoinDesk, the Bank of Russia and the Ministry of Finance have already resolved a disagreement over one draft bill covering ICOs, and the country has now slated in a summer deadline for introducing two relevant pieces of legislation. Eddie Astanin, chairman of the executive board at the NSD, said the end goal of the project is to allow "the emergence of a new type of asset for investors" and the circulation of digital assets on the secondary market.

Article Produced By
Wolfie Zhao
wolfie@coindesk.com

A member of the CoinDesk editorial team since June 2017, Wolfie writes all things about the blockchain and cryptocurrency. He studies Business and Economic Reporting at New York University, and does not currently hold value in any digital currencies or projects

https://www.coindesk.com/russian-institutions-to-trial-central-banks-ico-platform/

Thomas Prendergast

Look No More: 3 ICOs to Watch in Q2 2018

Look No More:
3 ICOs to Watch in Q2 2018

The explosion in ICO projects has made choosing

which ones to participate in a very complicated task, and the competition between them extremely fierce. Back in 2015, the Lisk founders raised 14,000 bitcoin with a team of just 2 people! Doing that today seems impossible: teams are paying thousands just to get famous industry advisors, and all the noise while very little fundamental substance exists. Furthermore, it’s thought that perhaps 75% of projects offering token sales have ideas that are too convoluted to ever become tangible or real. Nor would their teams have the ability or means to implement such ideas into real-world use realistically either. To help you out in this mess, here are a few ICOs that are raising their heads above the rest, and likely to deliver spectacular gains in 2018.

GoNetwork

This project could be a total game changer. The team is tackling one of the most crucial and interesting problems in the industry: scaling the Ethereum platform. Despite not having a background in crypto, the team won the ETHWaterloo, the World’s Largest Ethereum Hackathon, a 36-hour event where participants worked alongside founders Vitalik Buterin and Joseph Lubin.

Essentially, the GoNetwork is a fast, low-cost and scalable network that connects the Ethereum blockchain to other mobile, desktop and web platforms. It will be mobile-focused and uses a technology called state channels to minimize on-chain transactions by accumulating transactions off-chain before any output is given. This solution is particularly favorable to mobile, due to architecture and programming language, where the majority of internet traffic is taking place nowadays.

Now here is the deal: on top of this solution, the developers will build a decentralized marketplace for games and digital goods. Given that the CEO, Rashid Kahn, is also the founder of one of Canada’s largest game studios, their track record in this market works in their favor. If they use their scalable, mobile Ethereum network to create some real-world adoption, the possibilities are huge! ICO is open to accredited investors only and more info can be found at GoNetwork.co.

Neon Exchange

Despite the evolution of crypto in the last few years, it is still an industry in its infancy. A key part of it becoming mature is developing fully functional, state of the art decentralized exchanges to replace the centralized, non-secure gatekeepers that exist nowadays. There are many contenders for this position, but we would like to highlight one that is keeping out of the media spotlight while developing a very interesting solution.

NEX is cryptographic trade and payment service platform built on the NEO blockchain. It will offer a technical off chain matching verification for trading and will allow more complex trading such as limit orders, something that existing DEX’s cannot do. Another interesting idea is the development of a Chrome extension that will act as a wallet and still be connected to the exchange, effectively making it a Metamask for all NEP-5 tokens.

In general, the project has extremely solid foundations: the team is chocked full of talented programmers with a track record, who have literally not even opened a Telegram account in order to stay focused on delivering. The roadmap is very comprehensive and includes every detail needed in such a grand vision, including entry points for fiat purchases of NEP-5 tokens. What is most interesting, however, is the role such a project will play in the development of the NEO Smart Economy, the amazing vision that sets NEO apart from the rest of the industry. It’s no surprise that NEO founders and core developers, Da Hongfei and Erik Zhang, both sit on the advisory board.

OptiToken

One of the most interesting projects in terms of possible ROI versus complexity is Optitoken, which has just recently come into the spotlight. It is the first ever actual hyper-deflationary currency, whose value is supported by an automated portfolio that uses professional trading techniques, AI, and machine learning. The portfolio will be bought with funds from their ICO, giving it serious value early on.

Their CEO Sean Donato is an old-school crypto trader and who was also one of the founders of BitHalo which was an early pioneer start-up in crypto and of which is a free software still active and available for smart contracting. His strategies tweaked in depth by the team are being coded into the “OptiX” which is an algorithmic swing trading engine. The project has a transparent portfolio demonstrating OptiX live on their website OptiToken.io which serves an MVP as it’s been active and also managed to outpace Bitcoin since November of 2017.

The gains made by the algorithmic trading will be used in part to buy back their own tokens on exchanges, creating constant upward price pressure and nurturing a market that has very strong buy support this is the function that seeks to massively drive the currencies value upwards continually. The rest of profits from buy cycles is reinvested to grow the initial holdings. OptiToken Interestingly also solves a common problem of new ICO’s, that can’t find any volume early on. CEO Sean Donato said, “Trading is perhaps 90% psychology and so often times people find themselves following trends after the fact as opposed to using solid fundamentals and then selling overbought and buying oversold based on traditional price fluctuations of the asset or perhaps  RSI’s.” After the buybacks, 100% of the tokens purchased are sent to a transparent and verified unspendable address and thus destroyed forever in order to create value through scarcity. This combination is very innovative in the space and should attract serious organic buys on exchanges to partake in the price action.

What is great about this project is that can be immediately profitable. The technology is relatively straightforward to build, as the team is not promising a perhaps working product for a fantastic idea in Q3 of 2019 AKA “vaporware”. Rather, the product, already in Beta, will be in alpha in a few months, trading the proceeds from the ICO, and will hit exchanges just before or after this time frame according to projection. The ICO is open to Non-US and Non-China citizens now at OptiToken.io and is filling up fast.

Article Produced By
Guest Author for NEWSBTC

https://www.newsbtc.com/2018/05/23/look-no-3-icos-watch-q2-2018/

Thomas Prendergast

Justin Sun Has A Tron (TRX) Airdrop For You

Justin Sun Has A Tron (TRX)
Airdrop For You

MainNet that is now 7 days and 13 hours away, Justin Sun is gifting the TRX community what he calls ‘Millions of TRX Candies’. These candies are in the form of TRX airdrops received for inviting friends to the Tron Telegram Channel. The Airdrop is currently ongoing and all you have to do is follow the link provided and enter your corresponding ETH wallet address. The announcement looks legitimate in that Justin Sun announced it himself on twitter, and the TRX team on Telegram, also confirmed his statements.

Justin had this to say via twitter:

$TRX #TRON mainnet will be launched soon, we prepared millions of #TRX candies, join us to get #TRX candies, you can also get more by inviting friends, the airdrop will be ended at 12:00 AM June, 1, if candies were given out, it will be ended in advance.

 

The Tron Telegram channel also echoed his statements:

 

$TRX #TRON mainnet will be launched soon, we prepared millions of #TRX candies, join us https://tron.network/activity/d8c1d4aa43e12e39?lang=en to get TRX candies, you can also get more by inviting friends, the airdrop will be ended on 12:00 AM June, 1, if candies were given out, it will be ended in advance.

The link to the airdrop states that you get 2 TRX the first time, and get an additional 4 TRX when you invite a friend to join the Telegram group. The Airdrop ends on the 1st of June. However, and due to regulatory issues, the airdrop is not available for participants from China, USA, New Zealand, Canada, South Korea and OFAC sanctioned countries.

TRX has also not been spared by the current market decline that has seen some of our favorite coins decrease by the double digits. TRX is hanging onto the number 9 spot on coinmarketcap.com and is currently trading at $0.0718 at the moment of writing this. The token is down 10% in 24 hours and currently has a market capitalization lead over IOTA that is equivalent to $455 Million. These two cryptocurrencies have been competing for the number 9 position for the past few weeks and constantly switching between the #9 and #10 slots.

Article Produced By
John P. Njui
A Crypto Enthusiast. Terrible dancer. Former DJ. Amateur Marathoner. Electrical Engineer. Kool kat.

https://ethereumworldnews.com/justin-sun-has-a-tron-trx-airdrop-for-you/

Thomas Prendergast

Move ‘Em Out: ICOs Don’t Seem So Scary Outside the US

Move 'Em Out:
ICOs Don't Seem So Scary
Outside the US

ICO issuers are starting to look to jurisdictions outside the U.S. to set up shop.

In an environment of regulatory uncertainty, where the U.S. Securities and Exchange Commission (SEC) has begun investigating ICOs and the industry surrounding the capital raising technology but has yet to make a formal decision of how it will regulate crypto tokens, issuers and other stakeholders are finding other jurisdictions a better bet for launching their projects.

And no other place during Blockchain Week was the topic hotter than at Token Summit III (the original event took place a year ago) on May 27 in New York City. Both on stage and off, startup founders, attorneys and investors had strong opinions about how far to go in an environment where enforcement agencies know how easy the market boom for the tokens makes it for malicious actors to spin up a fake company and bilk millions of dollars out of unwitting buyers.

That boom packed venues in New York City throughout Blockchain Week. "The reason there's a thousand people here, it's not blockchain technology," Jason Fang of Sora Ventures told CoinDesk, saying he's been going to blockchain events for years and it was all the same faces until the initial coin offering (ICO) boom. "The difference is money. The difference is speculation."

But not everyone felt that hype meant rushing headlong would be the right approach. For instance, Paypal's original chief operating officer and now an investor in Craft Ventures, which incubated and backed the security token platform Harbor, David Sacks spoke to how getting compliance right led cryptocurrency exchange Coinbase to be "the first really successful company in the space."

He wasn't the only one. Throughout the day, different speakers returned to the question of regulation, and from the stage it began to become clear that the rest of the world isn't nearly as complicated as the U.S. This is perhaps unsurprising – as the world's biggest economy it also has the most rules. Regulators in the U.S. would much rather err on the side of caution, even if that means curtailing some of the excitement. Laws in the U.S. are based around the Roaring '20s, which led to the Great Depression, Lowell Ness of Perkins Coie explained during a panel on regulation,

saying:

"Literally the securities law is intended to exclude the moms and pops from too risky investment."

But other parts of the world take a more open-minded, if not lax, approach and that's luring some ICO issuers overseas.

'ICO tourism'

For instance, representatives from Switzerland, Lichtenstein and Gibraltar spoke to the crowd, both assuring listeners that their nations took an extremely responsible approach without quite the aggressive fretting of U.S. rule-makers.

Speaking for his home country of Switzerland, Andreas Glarner of MME said:

"It's not our task as a regulator to tell people which way they want to lose their money."

Yet judging investments is one thing and willfully manipulating people is another. He added, "If the project is fraudulent we're going to prosecute it." Representatives from Lichtenstein argued that the small country has a large enough regulatory staff to work with companies it hosts and help them build businesses that are still within its regulatory framework. Meanwhile, representatives from Gibraltar said that its regulators have done the work to build rules from the ground up that specifically fit the new world of cryptocurrency and blockchain.

Meanwhile, attorneys in the U.S. sound frustrated, but hopeful. Several who have been working with the SEC spoke on a panel about where the country is at in terms of defining rules for the industry. "What we're doing primarily is educating the SEC on what blockchain is," Nancy Wojtas, a former SEC staffer now with Cooley LLP, said. "I think there was just a misunderstanding by them to what cryptocurrency is all about. They hear 'cryptocurrency' and they think 'fraud.'"

Ness from Perkins Coie was more hopeful, forecasting forthcoming clarity. "Now we have a position where there's going to be bright lines," he said. "Full functionality [of a platform] is a very hard bright line to draw. Full decentralization is a bit easier." Bloq's Matthew Roszak has also been working through Token Alliance, a Washington DC-based initiative of the Chamber of Digital Commerce, to guide the SEC so that they make decisions that will allow the technology to thrive in the States.

"The last thing I want to do is spend time with regulators, three-letter agencies. I want to build, invest and innovate," he said, noting that he's doing it, though, because he believes it's important. Wojtas cut through the optimism, again though, stating that entrepreneurs in the space will likely have an uphill battle for some time.

She said:

"Being involved in an investigation is like living in hell without dying."

She continued, warning founders about the price of hiring attorneys to answer questions and respond to regulator requests, "You will be spending between $100,000 and $300,000 per month." As such, Sebastian Bürgel of Switzerland's Validity Labs said of companies visiting countries trying to figure out where to domicile

(even if its staff doesn't actually work from the country):

"I see what I would call ICO tourism."

Startups' thoughts

At Token Summit III, the room was filled with about two-thirds startups and one-third investors. The startups, including those domiciled in places like Hong Kong and Singapore – attractive places after China's central bank banned crypto token sales – spoke to how they viewed the regulatory environment throughout the world.

Lea Bauer, director of operations at Centrifuge, a startup building a decentralized enterprise resource planning platform, told CoinDesk that her firm is talking to lots of lawyers in the U.S. or Europe before it decides where to land. Centrifuge envisions a token for services on the platform. And while it wants to execute a good legal plan, it won't wait for absolute certainty.

Bauer explained:

"If we wait too long, that gives us complications on the product side, whereas if we move too early that gives us trouble on the legal side."

Kain Warwick, with the Australia-based stablecoin project, Havven, told CoinDesk, "I genuinely don't believe the regulators want to impede what's happening." But he also added that risk in his home country "is far less than it is from the SEC," he said. While geographies seemed a main concern for many ICO issuers, it isn't the only kind of distance that could lower risk. Time could also serve an issuer. Founder of crypto loanmaking platform, ETHLend, Stani Kulechov, told CoinDesk that it did its sale last fall. "Back then, when we did the ICO, the regulatory uncertainty was pretty vague," he said.

However, his company is based in Switzerland, where the rules are clear enough that the company isn't concerned. Additionally, the fact that it had a working app before doing any fundraising adds to Kulechov's confidence. Just to be sure, though, "We don't accept US customers," he said. Jae Kwon of Cosmos said similar things of stage, telling the crowd he's glad the company did its token fundraiser before all the ICO hype started. "There's too much money piling in," he said. And if you bring in too much money, "they can always sue you, especially in the United States."

Leonard Frankel, CEO of ClanPlay, an existing gaming company, which is building the Good Game token, in order for gamers to earn money for playing, has a very complicated plan to get both the tax and legal structures he desires. An Israeli company, Frankel plans to actually launch his tokens out of Gibraltar but then transfer them to Israel and sell them from his home country, so that the company will pay its taxes there.

Erik Buschbaum, CMO of Rlay, a protocol to validate information, said his company is based in Berlin but domiciled in Gibraltar, which works for them by and large. Still, he said, "We have investors right now, Kryptonite1, and they advised us not to do a public sale because of regulatory risk." All this said, it's clear the ICO industry is reeling somewhat from both the unclear guidelines throughout the world and the thought that regulators could create rules that make their businesses illegal at some point. Speaking to the fear many have of U.S. regulators, MME's

Thomas Linder said:

"The U.S. needs to learn that in a globalized, decentralized economy, they are not the center of the universe anymore."

Article Produced By
Brady Dale
Brady Dale is a reporter who has previously written for Fortune, Technical.ly Brooklyn, Next City and Motherboard, among others. He grew up in Kansas and lives in Brooklyn.

https://www.coindesk.com/move-em-icos-dont-seem-scary-outside-us/

Thomas Prendergast