With just over 100 hours since the start of the Hive Project ICO, we are now well on our way to revolutionizing the invoice financing industry! With this in mind, we wanted to explain how our crowd-funded contributions will be used.

Minimum and maximum amounts

In order for the ICO to be considered a success, the minimum threshold is BTC 1,500. Once BTC 2,000 has been collected, BTC 500 will be added to the Hive Invoice Financing Fund (HVNX). The maximum amount that can be raised in the ICO is BTC 10,000.

How will the funds be used?

The first BTC 1,500 collected will be devoted solely to the development, marketing and implementation of the platform. As mentioned above, once BTC 2,000 has been collected, the extra BTC 500 will be set aside for the liquidity pool (HVNX). All funds raised above BTC 2,000 will be split LINEARLY between the liquidity pool and the development fund.

Our ultimate target

Once we manage to hit our target of BTC 10,000, the funds will be divided in the following way: BTC 3,500 will be devoted to development (developing, marketing and implementing the platform globally) and BTC 6,500 will be set aside for the liquidity pool fund (HVNX).