Good news HVN is in the
Three Tokens That Should Be Top Fiftyhttps://medium.com/@juliofuertadigital/threetokenstopfifty-ec285b752380Hiveterminal (HVN)
CoinMarketCap rank: #483
CoinGecko rank: #517
Now for something completely different. Hiveterminal is a blockchain platform where businesses can sell their invoices at a discount, getting their funding immediately from investors who hold HVN tokens. After fronting a percentage of the cash, the investors funding these businesses get paid the full amount of the invoice on its due date. Beautiful and simple, and heaven sent by its admirers, HVN has however long flattered to deceive. Until recently it’s been loitering around the low 500s, but there are some very good reasons for this poor price performance — and why things are set to change.
Although it’s been rising up the ranks in recent weeks, Hiveterminal’s non-existent crypto marketing means that, of all the tokens in this list, they are furthest off the pace for a slot in the top 50. Taking an unusual approach to raising awareness, they steadfastly refuse to market to people already interested in cryptocurrencies. Their argument? They are wary of exchanges, see listings as a waste of ICO funds, and HitBTC has been ranked in the top 10 for trading volume for at least 2 years. There’s no need for another, and the long delayed Nauticus listing is expected soon too.
But I still think they’re a top 50 token. Here’s why.
Although unorthodox for this industry, their arguments makes sense. Their biggest factoring and invoice financing competitor, Populous (PPT) (ranked #74), has no publicly available metric for platform activity and is reluctant to produce any evidence of invoices sold. Unlike their competitors, Hiveterminal also took the very responsible step of fully documenting the first invoice sale from the perspective of the investor and the small business — they seem to have been the first (and only) factoring token to do this. That’s why confidence is building among investors that Hiveterminal has the potential to grow the fastest of all the tokens on this list. If for no other reason than people are naturally attracted to winners and revenue generating platforms.
Since a major deal fell through last year, which crushed the price beyond belief, the mood among the community has been dark. During this time, Hiveterminal’s CFO Ugur Yildirim has been steadily turning what at first glance looked like an unflashy and deathly boring finance platform into one that is generating an internal rate of return (IRR) of around 40% for its investors. They are all getting paid too.
Yildirim’s efforts have been bolstered by the experienced CTO Dejan Jovanovic, who has been busy working with their long-term partner Adacta to develop a plugin for the MS Dynamics NAV (desktop version) and Dynamics 365 (web-based). This will allow Hiveterminal to communicate not only with the ERPs of Adacta’s clients, but any ERP service based on MS Dynamics. With release of the plugin expected any day now, this will serve as a strong foundation for international expansion after gaining traction in their domestic market of Slovenia.
Meanwhile, the fight for the invoices already posted has been intense, with most getting snapped up in just a few minutes. But with less than 20 invoices raised so far, they will need to start relaxing the entry criteria for small businesses to use the platform. Once the floodgates open, however, things should get interesting very quickly. They already opened up to institutional investment last week, which should attract more businesses looking for funding.
They have made buying HVN easy for non-crypto users too by introducing an over-the-counter (OTC) feature. The price of one HVN is set at EUR 1, and the price on HitBTC is currently around approx EUR 0.01. There’s even a USD/HVN fiat gateway at Livecoin. These seem to be the biggest gifts that Hiveterminal are giving the crypto community, and the prudent are accumulating already. The HVN token is essential to view and access the platform (currently HVN 50) and the investor fee of 1% of the funded invoice is also paid in HVN.
If invoice financing, factoring and audit really are perfect fits for blockchain technology, as argued by the Big 4 (PwC, E&Y, Deloitte and KPMG), then the future looks very bright indeed for this little Balkan beauty. They’ll be having a nose around soon enough, simply because they’re the only factoring platform on CoinMarketCap that’s actually generating significant revenue.
