@Markethive Prepares To Launch: Choosing The ILP vs. ICO
About blockhive and History of the ILP.
blockhive is an Estonia-based blockchain company with roots in Japan. blockhive utilizes blockchain technology to create practical and innovative solutions for companies, helping them unlock new markets. blockhive is developing an ecosystem for the incubation of projects that have the potential to benefit from blockchain technology.
The blockhive team believes that decentralized technology has the potential to tackle some of the problems in the society today such as inequality by creating a new layer of trust that enables people to hold and trade value. blockhive is committed to products and services that enhance the lives of individuals.
What Is Initial Loan Procurement?
With that belief, blockhive has launched the initial loan procurement concept (ILP), a new method of fundraising using legally
binding smart contracts. This funding model has become the choice that Markethive opted for in raising the necessary capital to further grow the Markethive infrastructure and ecosystem being built in preparation for their imminent launch, and to support upcoming projects still in the pipeline.
An ILP is an innovative way to raise capital, for not only startups, but also for businesses and government entities to get the funding needed to grow and/or to fund projects on a global scale. We look forward to introducing this new method to others after our ILP so that others can benefit from it as well.
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 can damage the utility of the token in the economy for which it was designed.
The blockhive team believes that decentralized technology has the potential to tackle some of the problems in the society today such as inequality by creating a new layer of trust that enables people to hold and trade value.
Like blockhive, Markethive is committed to products and services that better enhance the lives of individuals.
Countdown to Markethive's launch has begun. You will want to stay closely tuned in for all the latest news and updates.
E. Sue Bennett