The crypto and blockchain industry has grown beyond just trading cryptocurrencies. Today, blockchain concepts like decentralized finance (DeFi) and non-fungible tokens (NFTs) have attracted many investors to the space with the hope of making massive gains.
While some investors are experienced with these complex DeFi protocols, the average Joe interested in DeFi products has neither the experience nor the technical skill to maximize their opportunities in the ecosystem.
The emergence of DeFi-as-a-Service (DaaS) has changed that narrative, as DaaS protocols are able to manage a treasury of funds on behalf of investors with the returns distributed among them according to their contributions.
However, many DaaS protocols also pose significant risks to unwary investors due to the volatile nature of the cryptocurrency space. Hive Investments intends to become the go-to DaaS platform for the industry by providing investors with long-term sustainability.
What is Hive Investments?
Hive Investments is a next-gen NFT and DaaS protocol built on the Polygon network that aims to improve on some of the major issues faced by the industry. The project is working to acquire market-leading returns on all treasury investments while expanding its ecosystem.
Hive aims to bring the best out of the DeFi and NFT sectors and provide users with sustainable earning opportunities. Users, addressed as Bees, simply have to mint (or purchase) an in-house NFT which gives them access to all platform benefits or Honey.
Developed by a team of investors, serial entrepreneurs, and established members of the crypto space, Hive Investments aims to leverage a unique blend of strategies and innovative solutions to improve the current DaaS market. The Hive team is addressed as The Queen.
These strategies are targeted at driving the next evolution of the DaaS space, dubbed DaaS 2.0, via sustainability, innovation, and transparency. Hive intends to help investors leverage bull markets to maximize their profits while efficiently minimizing the effects of bear markets.
In many DaaS platforms, investors’ initial deposits are locked up forever, but that’s not the case with Hive. Users have access to their initial investments (Hive NFTs) and can choose to sell them at any time on the project’s NFT marketplace.
Features of Hive Investments
The Hive team is fully aware of the surging cases of scams, rug pulls, and hacks in the DeFi space and, as such, is committed to providing high security for investors. The project employs multiple security measures to safeguard users’ funds and information.
The Hive team has gone through a Know Your Customer (KYC) procedure designed to protect users by ensuring their identities are known to prevent abuse. It has also made provisions for multisig to boost security and assure users of their safety without the risk of a rug pull.
The protocol is currently being audited by the leading blockchain auditing platform CertiK. The audit will ensure that there is no backdoor access to the protocol’s data and will point out and correct any vulnerabilities found in Hive’s smart contracts.
- NFT Marketplace (Hexagon)
Hexagon is an in-house NFT marketplace where investors can purchase and sell their Hive NFTs. All NFT collections listed on the marketplace will be thoroughly vetted by the Queen to ensure that users gain access to only the best NFT drops.
Any NFT project listed on Hexagon will either have a demonstrated use case or be of exceptional artistic quality and posted by the original creators. Unlike other NFT marketplaces, Hexagon offers zero-fee options in their native token, HNY. There are also options for creators to list in ETH or MATIC for a lower fee than their competitors.
- Hive Academy
The Hive academy is an in-house platform that gives investors access to crypto courses, catering to users’ needs based on their experience levels, from beginners to advanced. The Academy also provides an additional use case for Hive’s native cryptocurrency, Honey (HNY), since some advanced courses are purchased using the token.
- Treasury Investments
To ensure the long-term sustainability of the Hive ecosystem, a portion of the revenue generated from the platform will be deposited into the Hive’s treasury. The funds contained in the treasury will then be used to make strategic investments, and their returns will be utilized to create buybacks initiatives for the HNY token to maintain positive price action.
The Honey (HNY) Token and Genesis Hive NFTs
Honey (HNY) is the native token of the Hive ecosystem. It powers every transaction conducted on the platform and has a total supply of 1 million units.
The Genesis Hive NFTs are the platform’s native non-fungible tokens and can be minted on the Hive Investments dApp. The NFT collection is made up of 40,000 Genesis Hive NFTs.
To reward early supporters, HIve intends to increase the minting price of each NFT by 0.5 HNY after every 8,000 mint. The first 8,000 Genesis Hive NFTs to be minted will cost only 10 HNY. After that, the price will increase to 10.5 HNY for the next 8,000 NFTs, and it will continue rising until all 40,000 NFTs are minted.
Users have a chance of minting Worker, Guardian, or Queen bee NFTs, with the daily rewards varying based on their degree of rarity.
Additionally, to ensure sustainability and an extra layer of protection, the Hive maintains a safeguard dubbed the “Safe-Hive” policy. This policy is employed only as an emergency mechanism, temporarily cutting down the NFT rewards by 50% in times of extreme market volatility.
The Long-Awaited Hive Launch
The Hive Investments platform is expected to launch on the Polygon mainnet between March 27-30. The Hive team has made several arrangements to ensure that all bees get into the Hive while preventing the risks of network congestion.
For the first six days of launch, the team has designed special launch mechanisms to prevent pumping and dumping, botting, sniping, and other malicious behavior by users who wish to profit more.
First, to prevent swing trading, there will be a 45% sales tax on HNY, which will discourage traders who hope to make quick gains by repeatedly trading the tokens. The tax will gradually be decreased throughout the first six days of launch until it gets to the normal 15%.
The platform will also prevent bot buying, limit the purchase of NFTs to only 10 per wallet, and restrict the transfer of NFTs. Together, these temporary launch mechanisms will ensure that investors buying in at launch have the opportunity to get a good price.