The Evolution Of The Markethive ILP

Posted by Deb Williams on December 02, 2019 - 9:02pm Edited 5/23 at 10:32pm

The Evolution Of The Markethive ILP


What is an Incentivized Loan Program™(ILP™)?

An Incentivized Loan Program ™ works similarly to a traditional promissory note. It is a method of crowdfunding in which lenders and borrowers enter into loan agreements through legally binding smart contracts.  As Markethive is built on the Blockchain, these contracts cannot be altered so they provide a level of security for the creditor that they can rely on. 

ILPs work by simply providing a way for creditors, (in this case, Markethive Members), to lend money to a company or project (Markethive), after entering into an agreement. The terms of such agreements are stipulated and embedded in a smart contract, stored on a blockchain for reference. This method provides an alternative way for companies to raise funds while leveraging blockchain technology. 

 

Markethive HQ In Wyoming, USA

Although Markethive is a global company and will have mining hives and crypto exchanges worldwide, its headquarters reside in Wyoming. Notably, as published in Forbes, Wyoming is the only US state that provides a comprehensive, welcoming legal framework that enables blockchain technology, both for individuals and companies. This is good news for Markethive and its community. 

Matthew D. Kaufman of Hathaway & Kunz, LLP, The Wyoming Law Firm™ and also the Lawyer retained by Markethive states that “…Wyoming is one of the most blockchain-friendly states in the United States…”

 

What Are The Benefits Of An ILP?

One of the key benefits of ILPs is the fact they are a form of a loan. These kinds of funds are not taxed as is the case with ICO funding in some jurisdictions where it can be up to 40% as it is seen as income. Due to the crowdfunding aspect of the ILP, it is considered as a loan hence  It is completely and totally compliant to the regulatory and UCC code which means it is not a security. The Incentivized Loan Program ™ is within the legal parameters (UCC) that govern the mainstream credit market. Markethive Members who decide to take part in this program are assured that their funds are well protected and cannot dissolve without a trace as seen by some ICO’s (Initial Coin Offering Projects) in the past.

ILPs are also regulatory friendly, in that they can be compliant even with the most stringent regulatory frameworks around the world when it comes to fraud and money laundering. Participants are required to submit identification to show who they are. This solves one of the biggest issues that have seen regulators criticize ICOs severely.

Furthermore, Markethive’s platform is completely incentivized, meaning all activities by users are rewarded with Markethive Coins (MHV). This pertains to all members not just ILP holders. While Markethive continues to enhance its system, moving forward with the implementation of numerous portals and hubs, also meeting the milestones laid out in the White Paper with the funds being provided, it is simultaneously building a complete ecosystem and already generating revenue. 

 

The ILP is not based on speculation but based on performance

Markethive’s ILP means Incentivized Loan Program. Operated independently from or in tandem with crowdfunding, the ILPs comparison to the speculative nature of the ICO and IEO ends there.  To find out more about how ICOs and IEOs work Check out this article 

Simply put the ILP means you are lending Markethive money via terms within a smart contract. With attractive interest and loan repayments based on Markethive growth milestones, the ILP also offers and incentive a perk as it is, of a token. This token is based on 1 full token equals one share of about 1000 assigned shares. These shares “share” 20% of the company’s revenue. Revenue projections are based on 4 years of operations with established growth rates in membership signups, revenue upgrades, and Alexa growth. In other words, traction.

Usually, there is zero protection for investors when it comes to investing in ICOs. Startups that issue tokens in lieu of funding often don’t provide anything in return that investors can claim to be a company’s assets or equity. These tokens are generally overhyped and investments are based on speculation. The ILP should appeal to the masses as its value is tied to the performance of the company rather than a token on offer as is the case with ICOs. What this means is that creditors will always enjoy a form of return in the way of interest from the net profit generated by the company after their loan is reimbursed. 

 

Markethive Hits The Mark

It was just a matter of time and some forward-thinking for the Blockchain and crypto to be integrated into Inbound Marketing and Social Media. It’s not just for the benefit of supply chain industries or crypto traders anymore. Blockchain-based technologies can provide marketers, bloggers, commercial artists, in fact, anyone on social media or marketing platforms, with greater benefits for their products and services such as fairness and honesty, freedom, better cost control, heightened security, and privacy

Below is a video by CEO Thomas Prendergast and CTO Douglas Yates, explaining all the added benefits of the Incentivized Load Program and Entrepreneur Upgrade. 


In Markethive’s case, ILPs are an effective way to engage individuals globally, who otherwise wouldn’t have the funds to participate, given that an IPO often asks for a hefty minimum dollar value. Markethive is one of the first to offer an ILP and will be one of the first companies to raise capital by decentralized crowdfunding of debt.
 
Albeit still in Beta, Markethive is already in operation, earning revenue and has a hybrid mixture of a full suite of inbound marketing tools and digital media sites with a dynamic integrated social network, the ILP will take the company to the next level. 

Here is a summary of some of Markethive’s accomplishments to date; 

  1. Proven Executive Team that has taken the first version of Markethive (Veretek, Inc) to over $50M in revenue per year, services over 200,000 members and 90 different companies.
  2. Through Markethive’s proprietary Incentive Loan Program, we have raised over $500K.
  3. Markethive has been in BETA for 4 years and at the end of 2018 had 2,000 members, to date we are approaching 60,000 members.
  4. At the end of 2018, Markethive was generating about $1,800 per month in revenue, to date we are approaching $12K in monthly recurring revenue.  We also have added 4 more revenue streams. We are increasing our revenue at a rate of approx. 30%-40% each month.
  5. Per Clouldflare.com and Oneall.com, Markethive has members in 187 countries. 
  6. Per Worthofweb.com Markethive.com domain’s raw worth is $2,360,800M up from 950K at the end of 2018.
  7. Per CoinRanking.com Markethive’s consumer coin has a market cap of $18.7B.
  8. Per Alexa rating, we have risen to 4th in the category of Blockchain Media sites with an Alexa rating of 12,379, up from 50,000 at the end of 2018.
  9. According to Cloudflare statistics, Markethive.com is receiving over 95,000 unique visitors a day and over 1M page hits each day.
  10. A total social reach of over 40K people and growing every day, add that to our community reach of over 60K+, then by the end of the year we project a reach of over 333 Million social media/internet users


Markethive has produced 2 coins. 

Markethive Coin (MHV) is a consumer coin. Used internally, it will create universal income for the user and a complete ecosystem for the entrepreneur, including the eCommerce portals to be implemented in due course. Plus the added benefit of liquidity once the  Markethive Exchange and e-wallet are implemented. 

Hive Foundation Shares (HFS) which is the FLAT, (Future Loan Access Tokens). HFS gives creditors the right to transfer loans to others, using Markethive’s Internal Exchange which requires members of that exchange to have a verified (KYC) Markethive account and Markethive wallet. (Currently in development)

The Markethive team says, “ILP provides a fast track alternative so more time and energy can be spent on business development. Last, but not least, because ILP is in the form of loans, it is considered to be debt, and not subject to tax.”


How does it work? 

The company first ask the creditors to register their identification, address, and other information.

Then, they will digitally sign the loan agreement and send the nominated funds to Markethive’s registered account. Once the payment is received, the contract is made.

That means Markethive’s ILP holders will receive their prorated portion of 20 percent of Markethive’s net profit.  Initially, paying back the principle then payments continue for the duration of the agreement as interest payments. After the loan contract is made, Markethive will issue the Hive Foundation Shares.

 

In summary, The Incentivized Loan Program's key benefits are...

  • It's a debt instrument and not subject to tax and it compliant with the USA UCC code governing debt instruments. 
  • The company doesn't need to create tokens that are speculative and actually have no use.
  • It is open to individuals around the world as loans are allowed almost everywhere.
  • After the principal is paid you earn interest and will share in the success of the company. 
  • Very Easy to Participate - To purchase an ILP, Contact Douglas @ [email protected]


Secure your future with the next generation Social Market Network offering you the perfect system for real long-term success, financial freedom, and a place you can call home. This is truly the complete ecosystem for entrepreneurs. 

 

 

ecosystem for entrepreneurs

 

 

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. 

 

 


 

What a splendid overview Deb, thanks :)
December 2, 2019 at 10:08pm
Excellent explanation of how Markethive's Incentivized Loan program works Deb - a great way to secure your future with the next generation Social Market Network.
December 3, 2019 at 6:09am
Good definitive description of an ILP, The Incentivized Loan Program.
December 3, 2019 at 4:28pm
Very Good description and explanation of what Markethive's ILP is.
December 3, 2019 at 8:38pm
This is an incredible program. I am so excited about the future Revenue potential. I'm so glad that I I'm a part of it. You can be a part of it too by joining the entrepreneur one program. Which has a tremendous amount of benefits in addition to this.
December 4, 2019 at 4:26am
Great article Deb. So excited to be a part of the Markethive movement
December 4, 2019 at 9:53pm
Great Overview Deb
December 6, 2019 at 2:38am
Deb, your article is a treasure ...full of value for anyone who is paying attention. Thanks for posting.
December 6, 2019 at 10:47pm
Nice one :)
December 7, 2019 at 2:21pm
WOW WOW WOW! That was enough to chew. I'm so proud to be a member of Markethive.
The minute you think you know something just come up.
I was still learning about IEO and STO and now ILP (Incentivized Loan Program)?
This just show how fast technology is.
Thanks Deb for this awesome article.
God bless ???? you
December 7, 2019 at 7:39pm
Thanks for the breakdown. It makes it a lot easier to understand the program.
December 7, 2019 at 9:40pm
Knowing the commitment to integrity, longevity, and profitability, Markethive separates itself from the crowd of time wasting, illegitimate, games the scam artists continue to spread. This is real BlockChain based 21st century business.
December 8, 2019 at 3:52am
Edited 12/8 at 3:52am
Very good. Thanks for the explanation.
December 8, 2019 at 5:28am
Thanks for the breakdown. It makes it a lot easier to understand the program.
December 8, 2019 at 6:29am
Great article and video. This video is a great explantation of how the ILP works. As of this writing this is a great way to avoid taxes. As long as it’s a cyber currency and you can pay expense within the cyber world its tax free income.
Even as a loan payback it’s taxable when converted to dollars, plus it will be exposed to other eroding factors that are beyond control. By always keeping the wealth in a cyber currency it’s tax free income.
The entrepreneurial program is a great program with a proven track record, and continues to prove itself as time goes on. I have been in it for over a year and everything that has been advertised has come true. The offer in December 2019 of a 1/5 ILP is very generous and the face that people already in the program will get 1/5 instead of the typical 1/10th is insane. Everyone should jump all over it.
December 8, 2019 at 6:39am
Markethive is offering something special for those that are willing to help move this company forward to the next stage, and you can benefit in the success as this blockchain Market Network take center stage in the near future. We look forward to seeing you as part of this growing opportunity.
December 8, 2019 at 7:33am
The first part of open enrollment ended yesterday. I'll listen in today. I'm intrigued.
December 8, 2019 at 7:55am
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December 8, 2019 at 11:35pm
written
December 10, 2019 at 2:45am
This offer is fantastic, I am inside looking forward to helping, now is when we have to help, then we will be the beneficiaries
December 10, 2019 at 8:59am
Know better words spoken to those that want change in their future. We as a community can make it happen but we must believe, and take action.
December 10, 2019 at 9:14am
The chance to own a piece of Markethive through its ILP program is a once in a lifetime opportunity for most of us. It's the reason why anything I do online in a major way includes my goal to accumulate as many ILP's as I can. It's like several have said...It "takes action"..
December 10, 2019 at 11:35pm
Toller Artikel
December 14, 2019 at 10:52am
Good
December 29, 2019 at 3:24am
Ok
December 29, 2019 at 11:40am
good
December 29, 2019 at 10:15pm
Rất hữu ích
December 29, 2019 at 10:49pm
gut
December 29, 2019 at 11:28pm
Nagyon hasznos.
January 2, 2020 at 1:37am
good
January 2, 2020 at 6:46am
Nice dear
January 2, 2020 at 9:10am
Hi friends how are you
January 2, 2020 at 9:11am
This is awesome news about ILP! I LIKE THIS!
January 3, 2020 at 7:41am
yep
January 6, 2020 at 4:05am
great
January 13, 2020 at 12:02am
great article
February 7, 2020 at 10:51pm
outstanding thank you
February 9, 2020 at 10:59pm
awesome weekend too
February 21, 2020 at 10:51pm
An ILP is a valuable asset to Entrepreneurs.
May 15, 2020 at 4:55pm
Great Info thanks
May 15, 2020 at 9:37pm
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