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Hive Power develops a turnkey solution for the creation and management of local energy communities on the blockchain, providing an economic optimization for their participants by lowering their bills and valorizing their assets. In collaboration with meter producers, Hive Power is building a blockchain ready energy meter, which allows to safely tokenize energy.
(Read more about the Hive Power project on their Blog)
Differently from its competitors, in addition to the blockchain platform, Hive Power also provides an efficient energy trading mechanism perfectly tailored to the use case of energy communities. The HONEY algorithm exploits customers’ flexibility to optimally match production and consumption, such that the community’s welfare is maximized and grid technical constraints are satisfied.
The Hive Token (HVT) is a standard Ethereum ERC20 token managed by a smart contract which gives access to the Hive Power platform and its management. HVTs are used to create and manage Hives: distributed energy market platforms implemented in smart contracts. HVTs also grant their owners' access to Hive Power technical governance subjected to a vote proportional to the staked tokens. Also, a "burn and stake" mechanism for HVTs is in place to reach a stable operation of the Hive Power platform.
In August 2018, Hive Power will distribute 500'000 HVT tokens to reward HVT token holders. Users who didn’t move their HVT tokens after the Crowdsale will be eligible to receive the Airdrop.
The Referral Program is active now through ICO Engine (learn how to participate). Participants will receive a token bonus equivalent to the 5% of tokens bought by referred buyers. The bonus tokens are distributed after the end of the Crowdsale from the Airdrop and Referral Program fund.
To reward the first contributors to the crowdsale we defined the following Bonus phases:
Royal Jelly Phase — 5’000’000 HVT
The first crowdsale phase comprises 5% of the generated HVT tokens. Investors in the first batch will receive a 30% bonus on the Public Sale price.
Honey Phase — 20’000’000 HVT
The second crowdsale phase comprises 20% of the generated HVT tokens. Investors in the second batch will receive a 10% bonus on the Public Sale price.
Propolis Phase — 25’000’000 HVT
The last crowdsale phase comprises 25% of the generated HVT tokens.
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The Hive Token (HVT) is a standard ERC20 Ethereum token managed by a smart contract. HVT will be only created once, during the crowdsale and will consist of a maximum supply of 100.000.000 tokens.
HVTs serve the platform for the following main functions:
- Hive management: The hive owners will pay HTVs to the Beekeeper smart contract, which consequently will deploy the Hive smart contract
- Governance: Hive owners, who are staking HVTs Beekeper contract will have access to Hive Power technical governance
The tokens will be distributed as follows:
|3%||Bonus & Airdrop|
All the unsold tokens will be burned
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