I'm on the Telegram chat but I'm more of an observer. I more or less ignore everyone's posts and just scroll down focusing on stuff from Hive (Oliver Muldoon). This is what I gathered from his posts...
- They were supposed to release the business plan 12/15 but it's not quite ready yet. They would rather get it 100% correct than release it just to hit a deadline. This is what caused a lot of the drama as it goes against the "always deliver on promise" statement Hive is known for.
- The demo version of the product is still 100% on track for the 12/21 release.
- They suspect Q1 2018 is when they will go live
- No new exchanges yet, but it will eventually happen. Oliver re-iterated that hitbtc is fine for now. Personally I have bought some on hitbtc and livecoin. I like livecoin better but hitbtc has more volume and its easier to get it cheaper there.
Overall I'm happy with this coin. I'm not a huge investor in it, but that more or less boils down to my lack of money:) I have around 12k coins. I could get out now with 2-3x gains, but I'm staying in. I like that there are actually faces behind the coin and known developers which I think is important. I'm excited to see what comes out on the 21st. I think it has a lot of potential especially with the ERP.
Now I'm going to try and do some math which may or may not be right
They stated in one of their blog posts:
Make absolutely no mistake about it. This is AS BIG AS IT GETS. According to the Deloitte Research Centre report for 2016, there are 5.67 million SMEs (95% of which are microbusinesses) in Russia, with a combined turnover of EUR 700 BILLION! This is a HUGE market and a HUGE opportunity for Hive Project!
So to me 700 Billion Euros is $822,444,000,000 USD. I'm assuming this is the amount of money tied up in invoices in a year? If we divide this by 365 it means $2,253,271,232 is tied up in invoices each day. With 375,000,000 coins it would mean each coin would have to be about $6 to compensate for this. Obviously these are rough numbers. I don't fully understand how the HVN token is used in all this. Perhaps the same token can be used and re-used several times a day to settle invoices. That would mean the price per coin could be lower. Then on the other hand not all 375 million coins are going to be available. Some will be stored away in investor's wallets so I suspect that will drive up the price. And perhaps the 700 billion Euros mentioned is just potential market they could pull in. To me it's not real clear if with the ERP deal if they can already expect that piece of the market or if that is just best case scenario that they could achieve if they work hard enough.
Nice calculations) I also think that the price of the token is strongly undervalued at the moment. I guess the demo release will drive it a little bit more but a real growth we will see un the next year, probably in the Q1 already. Btw I also have around 12k coins HVN))
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