Hive Token (HVN) DISTRIBUTION

Domen Ursic
Aug 25, 2017 · 2 min read

As mentioned in our previous blog, we managed to raise a grand total of BTC 2,087 from 2,234 contributors during the 6 weeks of our ICO. Full details of how the HVN tokens will be distributed are on our website and have been detailed in various blogs and on our official channels.

Recap:

The total number of tokens is 500,000,000, which is final (no new HVN token will ever be issued) and will be divided as follows:

  • 2% (10,000,000 tokens) has been allocated to early marketing supporters (bounty campaign) and will be distributed after we distribute the HVN tokens to all 2,234 contributors.
  • 3% (15,000,000) has been allocated for the user growth pool (integrating the Hive Project platform with local ERPs).
  • 20% (100,000,000 tokens) has been allocated for the continued development of the Hive platform, ensuring the long-term motivation of the Hive Project team.
  • 75% (375,000,000) has been allocated to the Hive Project ICO’s contributors.

How many tokens should I get?

The total number of HVN tokens you get is determined by the amount and timing of your investment, which determines the bonus to which you are entitled.

We are distributing 375,000,000 HVN tokens to contribuors, which are divided by the weighted sum of all the contributions — with the relevant bonus coefficient applied. When determining the number of tokens, the bonus scheme applies. As has been clearly explained throughout the ICO, an investment of 1 bitcoin made during the first week will not have the same weight as if it was invested during the last week!

The formula to use when calculating the number of HVN tokens to which you are entitled is as follows:

Here is a real life example of a calculation made by the girlfriend of one of our team members.

She contributed BTC 0.968 with a 0% bonus (on week 6).

Feel free to use the same calculation to double check the number of HVN tokens you have been allocated.

What now?

As soon as all of the HVN tokens are distributed to our contributors and bounty participants, we will announce the exchanges where HVN will be listed … stay tuned for updates as and when they emerge!

Hiveterminal

Peer-to-Peer Invoice Financing Platform

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Domen Ursic

Written by

Strategic Communications | Marketing | PR | Campaigns

Hiveterminal

Peer-to-Peer Invoice Financing Platform

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