The initial computing industry will continue to grow and is expected to grow by 16% each year. However, cloud computing technology is still expensive, this is due to maintenance costs, resources, the supply of spare parts, and other factors.
While there are many idle personal or corporate computers, of course, this can be a disadvantage because it is not being used to its full potential. However, the HiveNet Company offers a solution to take advantage of unused computing power.
This article will discuss ICO HaviNet in terms of platform, business model, Token Utility, and others.
What is HiveNet
HiveNet is a distributed cloud computing network platform based in Germany. This platform allows computer owners worldwide to rent out their computing resources.
By renting out your computing resources, you will get income from customers who rent. Rental self-payment will be forwarded to the computer owner via the HiveCoin micro-transaction service which will run on the HiveNet blockchain.
Business Model
From their business idea actually is not really new, but they have the advantage of the allocation system and payment system between customers and providers.
HiveNet is a cloud computing network provider that brings together computer resource providers with customers who "require computing" for a specific purpose. Large/small amounts of payment depend on the resources used or allocated.
Utility Token
- Name: HiveNet Token (HNT) | HiveCoin (HVC)
- Type: Utility
- Platform: Ethereum, ERC-20
- Total Supply: 1,000,000,000 units
Token Allocation
- Project Funding 70%
- HiveNet GmbH 15%
- HiveNet 10%
- 5% deposit reward provider
HiveNet Token and HiveCoin will have a ratio of 1: 1. Also, HNT will be used as a utility token, while HNT will be used as a security token and payment distribution delivery on the HiveNet Blockchain network.
Coin allocations are somewhat uneven, they seem to focus coins on project funding. I mean are they allocating enough coins to be operational ?, but I hope that's enough.
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Development Team
All team members have a background and experience in the good technology business. However, no one stands out in terms of the blockchain, but this is not an important contradiction.
Critic / Reviewer response
ICO / IEO critics assess the project in terms of good business model, team, social media, use of the blockchain and Dapp. However, some also criticized the legal sector, partnerships, and the KYC + AML process
But overall, the critics consider that this project is a good idea and has a bright future.
Conclusion
HiveNet has a good business idea and execution plan. Also, with a fair team composition, this project has good prospects in the future.
For investment, I think it is worth investing here. But if you want to be a partner you should ask their support team further.
Token Sale: https://www.hivenet.cloud
Whitepaper: HiveNet WhitePaper
