HiveNet (HiveNet Token) ICO Review

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HiveNet is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.

Essential Information

Ico Time
Unknown – Unknown
Token Name HiveNet
Token Symbol HiveNet Token
Whitepaper View Whitepaper
Website Link Home
1 HiveNet Token = 0.08 USD
Platform Ethereum
Soft Cap
3,400,000 USD
Hard Cap
19,000,000 USD

More about HiveNet (HiveNet Token) ICO:

HiveNet is a distributed cloud computing network, which enables computer owners anywhere in the world to securely rent out their idle computing resources for an income. Customers pay for these computing resources to perform their valuable tasks (e.g. big data analysis or complex calculations, like weather forecasting). Customer payments are forwarded to computer owners in fast and secure micro transactions of HiveCoins via the HiveNet Blockchain. HiveNet employs several measures to easily cash-out HiveCoin earnings, e.g. a HiveNet debit card. Allocation of tasks and validation of results are performed through an artificial intelligence, which ensures high efficiency and prevents fraudulent behavior.

HiveNet is a Distributed Cloud Computing Network, which connects

computers all around the world to perform valuable computing tasks.

Can you imagine your computer earning money while you sleep?

HiveNet turns your computer’s idle times into an income!

During these times your computer’s power is securely rented out to paying customers who perform their calculations (e.g. scientific research, weather forecast, big data analysis).

Duringrecent years, the adoption of cloud computing by companies and individuals all over the world has beenexpandingat highestpace, because outsourcing of computing power is more flexible and often cheaper than setting up an own dedicated computing center.Today, cloud computing represents a major business sector, which generates severalhundred billion dollarsof revenue each year.The trend continues andthe cloud computing industrywillgrow by about 16% annually throughout the upcoming years[1]. Nevertheless, computing resources remain expensive,mainly due to the high costs associated with procuring and maintaining hardwareon the providers’ end,as well as the huge margins, which are a result of the market’s monopolization [2, 3].Meanwhile, all over the world innumerable private and business computers are idle during most hours of the day.HiveNet will providethe technological solutionto utilize these idlecomputertimesby building up a distributedcloud computing network. This will enable computer owners to make a profit from the idle times of their computers. HiveNet achieves this by creating an isolated environment on computers, which allows renting out computing power while still ensuring security against potential threats.For cloud computing customers, HiveNet will bemuch cheaperthan traditionalproviders, because HiveNet will utilize existing idle resources and therebysaveson most relevant costdrivers, like for exampleamortization of hardware investments.Computer owners will receive a fair share from customer payments, depending on the provided amount of resources. Though, payments in any specific national currency would be infeasible for many reasons, like for example the huge costs for financial service providers when transferring money across borders.We solve these constraints byintroducingthe HiveCoin, which will bethe inherent blockchain-powered cryptocurrency of the HiveNet. The HiveCoin will be a fast, simpleand securepayment system, which will befree of transaction costs.This way, thefinancial interests of customers and computer ownersare conveniently aligned. In order toensure a wide distribution and decentralization of HiveCoins and to fund further development, the largest portion will besoldto the public.HiveNet aims to enable public decentralization of the cloud computing industry and empowerment of computer owners all around the world. HiveNetwill also havea positive impact on the environment, because it will increase the usage of available computers.This way, less resources will be consumed to build new computers and less electronic garbage will becreated.

We, the HiveNet GmbH, are with all our current best knowledge and in full conscienceconvinced that the HiveNet will be a huge success. We also have the best intentions that everyone participating in whatever capacity (including buyers of HiveNet Tokens) will personally benefit and profit from their participation in the HiveNet. Nevertheless, this document may contain forward looking statements, subject to risks and uncertainties that could cause actual results to differ materially. Any forward-looking statements are based on our own assessments and due diligence as well as the referenced publications. Within this document,we outline our plans for the HiveNet, the HiveNet Token and the HiveCoin. These plans could change at our sole discretion at any time. All given descriptions and statements are to our current best knowledge, conscience and with our best intentions. The success of the HiveNet, the HiveNet Token and the HiveCoin will depend on many factors. Some of these factors are outside of our control. These factors include, but are not limited to, technical, legal and financial developments within or affecting the cloud computing industry or the cryptocurrency market. Therefore, nothing in this White Paper should be treated as a guarantee or promise for a future success of the HiveNet, the HiveNet Token or the HiveCoin.We explicitly advise to read our Token Sale Terms and Conditions, including the risk factors we have depicted there. These risks may cause the buyer of HiveNet Tokens or HiveCoins to experience material loss, up to a potential loss of all paid amounts.

Within the last decadecloud computing has become a well-adopted technology and nearly every single business is in some manner dependent on cloud computing services. Cloud computinghasenabled the execution of user-defined computing activities with high flexibility regarding quantity, time and locationand became the preferred choice whenever possible. Thereby, the global demandfor cloud computingis increasing withanaccelerating pace. Between 2018 and 2022 the market is expected to increase from about 180 billion USD to about 330 billion USD [1].This rapid growth is served by the respective divisions of large corporations like Amazon (AWS), Google (GCP), Microsoft (Azure) and Alibaba (Alibaba Cloud). Their customers are trapped, because moving away would require painful and unreasonable investments into hardware and personnel. Consequently, the big providers can dictate the prices, which allows them to generate astonishingprofits off their customers. For example, AWS represented more than 72 % of Amazon’s entire corporation profits in 2018 [2].Although cloud computing is in most cases cheaper than setting up an own dedicated computing center,itis still very expensive. For those companies, which have a significant demand, computing remains a major costdriver. Just to give you an example, for a single, average ‘new’ computer in a cloud computing center, customers pay about 2,000 USD per year, even if they don’t fully use it [4].


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HiveNet (HiveNet Token) ICO Scam or Not?

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