With Hive's expansion we are starting to see a lot more projects come about and a lot more are leveraging a lot of the different earning opportunities that Hive has on offer to build their projects. An interesting De-Fi project that has launched is Hive Builder. The concept is quite an easy one they sell their token DeFi on the Hive Engine at 0.1 Hive per token and than use those funds on chain and off chain to generate more income and then pay an increasing APR.
The project is building up to a 40% APR with a weekly APR increase of 1% and at current are at the 23% which is just a little over half way to their goal. The project states that it will always rebuy HBT back off the market from purchases for the .1 Hive price so this provides a good arbitrage opportunity for those that buy when Hive is low and then want to sell when Hive is high. But you will miss out on that APR which is paid in Hive.
With a few investment rackets running across crypto the project team is using the profits to pump back into Hive and pay out investors through their arb bots, mining rigs, affiliate marketing and then using that money to buy back HBT and burning the tokens.
The project has been around for quite some time and people have been buying into the Hive project and as we can see it has maintained for a long period of time with the team even upgrading their mining equipment to farm more cryptocurrency . So there is no shortage of money being generated for investors and given it has been around for some time without many issues seems ok.
Having reviewed the project it is quite the ingenious development and one many others can turn to when looking at ways to raise funds to enter the crypto scene. The concept is quite an easy one and is kind of like a pre launch but not.
We have a tech team who are seeking to advance their mining and presence in the sector but obviously not enough capital to be at the level they wish to be at and have come up with a way to drive investment through the use of a Hive token.
Given that the team is already operational and have capital and an income they are using that income to incentivise their tokens and investors. It is a business built on the current capital and operations that people can invest in and take a share of profits.
As the business raised the capital needed they start removing the open shares on the market by conducting buy backs which reduces the amount of "partners" they have and the amount of funds they need to pay out.
Hive Builder is also committing 20% of raised funds to powering up their Hive account and providing a curation service which hits at the core of many Hive users in search of curation and income.
A really smart way of raising capital and commencing your own business especially if you already have an income and an operating model. Now readers must be ware we don't have any evidence that they are providing services else where (I may have missed it) but if they are then there will always be funds to buy back which is reliant on the current crypto market.
Know more about the project or is there something I might have missed? Let me know in the comments section below
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