HiveNet Token generated

HiveNet
HiveNet
Mar 26 · 2 min read

Dear Community,

the HiveNet Token (HNT) has been generated and we have vested the first token batches to our early buyers. This vesting is performed in five batches over a course of 12 months with one batch every 3 months to prevent dumping after our public sale/IEO and support value stability.

You can find the HiveNet Token (HNT) and its address on the Ethereum blockchain here: LINK

The HiveNet Token (HNT) is an ERC-20 compliant token, which is compatible with many wallets, (e.g. MyEtherWallet) and other third-party systems.

A supply of 700 million HNT was created. These HNT are used to fund the development of HiveNet as well as accompanying marketing and operational expenses.

HiveNet Tokens will be transferrable into HiveCoins, which are the inherent currency of HiveNet’s mainnet. For details please refer to our white paper and token sale terms and conditions, which you can both find on our website at www.HiveNet.cloud.

HiveCoin allocation at mainnet launch

Please note that no HNT are reserved for HiveNet’s team and HiveNet’s team members will not receive any HNT during or after the token sale. Instead, a total of 100 million HiveCoins is reserved for the team. This pool serves as a strong incentive for team members to deliver a successful development and deployment of the HiveNet. Even after the mainnet launch, these HiveCoins will be locked up and released to the team in small batches over a time span of five years. This provision prevents early dumping of incentives after the HiveNet’s launch and will therefore support price stability.

For further details please refer to our white paper at www.HiveNet.cloud.

All details about the upcoming public sale/IEO of HiveNet Tokens will be announced on www.HiveNet.cloud appropriately in advance. If you don’t want to miss your chance to participate, make sure to subscribe to our newsletter HERE and follow us on social media:

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