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The Marketing and Engineering genius and visionary, Thomas Prendergast, CEO, and Douglas Yates, CTO, along with his team is laying the final foundation for the wallet installation - The Markethive Vault.
The Vault is your new bank account and will also replace the current payment centre with a far more effective and rewarding system. This will make all your purchases and upgrades easier to manage, giving you rewards and creating a new class of token, likened to a stablecoin, called Markethive Ad Credits, rewarding thrift and savings with discounts and interest paid to you monthly.
The Vault holds Markethive Ad Credits and MHV coin. It will pay interest on your threshold amount, MHV coin you have deposited into the Vault and your Coin Clip balance. It will also be the source to pay for **services. You will be able to fund it automatically or manually by Credit Card, and Bitcoin. Auto Payments can be scheduled to keep a minimum balance to ensure the monthly paid services like the Entrepreneur Upgrade run smoothly.
As well as interest paid, the higher the balance in your vault, the higher your Hive Ranking will go. Higher Hive ranking will unlock additional banners and a new service Markethive is introducing in the near future, The Video Program, where you are paid to watch videos.
The **services I am referring to are the Incentivized Loan Program™, Entrepreneur Upgrade, and SNAP Department that are available right now. This will also include Video Advertising, Press Releases, Boost Advertising, in fact, all services in due course.
The ILP™ is completely and totally compliant to the regulatory and UCC code which means it is not a security. Incentivized Loan Program is a loan. There is no limit to the amount of money you choose to loan Markethive.
The best part is even the small investor can participate by way of the Entrepreneur Program at $100 per month. This earns you a 1/10th share of an ILP for every 12 months that you continuously contribute to the program. That is significant as the ILP will be like a Bitcoin in that it will be able to be broken down into satoshis or bits, ie: 1 millionth of a token. So 1 full ILP equals 1 million ILP tokens or satoshis. More on this in upcoming articles.
This enables Markethive to conduct bounties, rewards, and trading on the ILP. The ILP and Entrepreneur Loyalty Programs simply turns this powerful engine of Markethive into a cash cow.
Additionally, taking part in the Entrepreneur One Loyalty Program unlocks the coming commerce hubs and portals, Banner Ad Program, etc, and the matching MHV Coin Bonus for each of your referrals into Markethive.
S.N.A.P is the acronym for Social Network Auto Poster system. This service is a plugin to your WordPress site and will automatically post your articles and blogs and the blogs you subscribe to, to all your social media and blogging platforms. This gives you incredible reach to enable you to build your brand awareness and presence online.
Furthermore, The Snap Department will become an Advertising Agency and will consist of
A full-blown Ad Agency which includes Copywriting, direct marketing, consumer marketing, response marketing, blog casting, WordPress development, capture page development, etc.
Markethive is becoming a Media Company.
It is important to note Markethive is not an MLM or affiliate company, it is a referral company. So free members can also benefit greatly by just referring only three people which will activate the faucet or micropayments and Hive Rank. That means you don’t have to spend any money in the system. Simply build it and get rewarded.
The image above is an example of how it will work
The Hive Rank is responsible for bonuses, bounties, and increases in revenue. This means you will get increased earnings from the faucet. If you’re an entrepreneur upgrade you get an increase on your matching bonus. It will also be responsible for Royal Bee Of The Day which gives you additional rewards for the day. The Hive Rank also plays a big part in the interest you earn in the Vault. The higher your Hive Rank the more interest paid to you.
The vault is where the Markethive Advertising Credits will be held. Advertising credits are similar to a stable coin. One Markethive Credit = USD$1. Instead of paying $100 per month for the Entrepreneur Upgrade Program, you will pay 100 Markethive Ad Credits. These credits can be purchased through the Vault via Bitcoin or credit card. In fact, you can pay for anything through the vault such as the Banner Program, SNAP installation, Press Releases, and Sponsored Articles and more as these services are implemented and introduced into the Markethive system.
Also, you can deposit Markethive Coins, (MHV) into the vault and you will earn up to 5% compound interest in MHV, roll it back into the vault and accumulate. This vault credit can be used to buy ILPs or an Entrepreneur Upgrade. By putting it back into the system, Markethive is giving you more value on your Markethive coin and paying you interest on it, similar to Staking.
Staking simply stands for holding a cryptocurrency in your wallet for a fixed period, in this case, the Markethive Vault, then earning interest on it. Staking the coins you hold is a relatively easy way to earn more coins. The reward that one earns from staking varies depending on the length of the time and Hive Ranking. So it would be advantageous for you to keep it above the threshold along with an increasing Hive Rank enabling you to earn the maximum amount of interest. The Vault will notify you if you go below the threshold.
So now there are 3 types of currency in Markethive. The Markethive Coin, (MHV) the ILP Tokens, and the Markethive Ad Credits which are always equivalent to $1usd of which you buy products and services with. So the Credits are what buys the services once we are on an exchange and the wallet is launched. And the amount of MHV coin you have determines the interest paid.
By buying up Markethive Coin and banking it in the Vault you are essentially burning the coin and is a good thing as explained in this article on how Markethive creates coin velocity. There are many ways to burn crypto coins which is advantageous to the wealth and health of the coin. In this instance, to burn the Markethive Coin means pulling the coin out of the marketplace and staking or holding it in the Vault, so there’s less supply. The less supply the greater the demand, which in turn increases the price of the coin.
The Vault is designed and implemented prior to the wallet being added. When the Wallet is complete and launched, then the true value of the Markethive coin will be realized. Once the wallet is active, Markethive Ad Credits and MHV Coins can be purchased and transferred over into the Vault. So this is like an online banking system. It’s a savings account with interest paid on it.
It also changes the way you pay for subscriptions. The monthly subscription is debited from the Threshold in the Vault. Your credit card is debited and deposited into your Vault threshold to whatever amount you choose to maintain your chosen threshold and the payments debited. This also eliminates the issues caused by direct credit card payments and banks blocking your transaction.
The major aspects of the Vault have now been installed onto the Markethive platform. The Vault icon can be seen on the header of your Markethive page, next to the Hive Rank Symbol. Clicking on it will take you to the Vault page. This is the very foundation of the Markethive Wallet, the ILP, in fact, the entire system. We are very close now to launching the very heart of our ecosystem.
Keep in mind the more you use the vault the higher the interest rate. The more you use the system the higher the interest rate. The four facets that are scored for stake interest are Hive Rank, Coin Clip score, Loyalty Level, and Attendance Bonus. Also, total interest is paid on both your vault balance and coin clip balance and the interest on this combined total is paid at the end of each month.
The Payment Center is being replaced with a far more advanced, effective and rewarding system called The Vault. This makes your purchases and monthly subscriptions easier to manage and is also creating a new class of exchange called Markethive Ad Credits. It will reward your thriftiness and using it as a bank account will earn you discounts and monthly interest. Interest has already been paid for this month and you will see extra MHV in your coin clip noted as Interest Credit in your payment settings.
The Vault Statement is like a bank statement where all Vault activity is recorded, such as purchases, thresholds, funding, interest, bounties, autopay, etc. This can be viewed in your Markethive account in The Vault section and exported, saved and printed for your records.
The Vault Multiplier is now active and where the fun starts. Play the HI/LO game and increase the amount of MHVs in your coin clip - up to 1000x. There is a 0% house edge which means neither Markethive or yourself has any built-in mathematical advantage over the long term. All rolls are provably fair so there is no way of altering the outcome.
The Vault Subscriptions give you total control to maintain all your loyalty programs monthly or yearly subscriptions. You can create new ones, update credit cards, pay with Bitcoin, pause or cancel and much more.
The Vault Schematic is where we dissect, illustrate and edify the many aspects of the Vault Gauge Icon (seen up in your page header). So you know the health of your account at a glance.
Feed The Vault - This is where you can purchase Markethive Ad Credits and store them in your vault to pay for any of your monthly or yearly loyalty programs, press releases, banner ads or any other advertising program available to Markethive members. Remember the more you use the Vault, the higher the percentage of interest paid to you.
As stated above, the fundamentals of the Vault can now be viewed on the Markethive platform, however, there is still some tweaking being done and of course, our engineers are now working on getting the wallet in place ready for all systems go!
The future is bright for Markethive and You. This is an ingenious way to ensure the long-term sustainability of the Markethive Ecosystem while the MHV Coin inevitably increases in value, securing your success and prosperity within the realms of Markethive and beyond. Stay tuned for all the updates as they come to hand. Please attend our weekly live meetings hosted by the CEO, Thomas Prendergast, and CTO, Douglas Yates for all the exciting news and information. The date, time and link to the Markethive Zoom Room can be found in the menu at the top of your Markethive Home page under Calendar. See you there!
Deb Williams
A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals.
