We are pleased to announce our next AMA on October 22nd 2021 at 05:00 PM UTC Time: Satoshi Club x HYVE
⚠️Click to see the hour
⚠️Total Reward pool: $1000
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join HYVE Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/15 users – Open chat for 120 seconds. You can post Max 3 questions. HYVE Team will select 15 questions and answer them.
Part 3: 800$ – A quiz about HYVE
For more details:
HYVE Website – hyve.works
HYVE Telegram – @hyveworks
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
During a recent AMA you conducted with Kucoin, you stated that in the third and fourth quarter of 2021, Hyve’s main focus will be the onboarding of companies that want to build on HYVE and/or use HYVE directly. You also mentioned that you will also be offering some Grants for great projects that build on top. How far has this process been? So far, what are the companies that have invested in Hyve and are using Hyve directly? As regards the Grants, what will be the criteria a project or company ought to possess before getting this grants? How do you plan on distributing this grants to eligible companies and projects?
There are some features that distinguishes Hyve from other projects. Some of the features include;
1. The HYVE Protocol
2. Self governance
3. Open infrastructure
Can you please explain further how these 3 unique features works and how Hyve makes Hyve different from other decentralised projects.
HYVE is multi-chain and Right from the first iteration, had supported BSC and ETH. Are there plans to extend support to other chains like Fantom and Solana?
One PayPal Transaction- we understand if paying a job or task in HYVE Tokens, the fees is 0% paying in either or other Token is also possible, with a commission that is below the percentage of a single PayPal transaction. What is the amount or percentage of Commission payable with other Token in HYVE? Is there a downloadable HYVE app for Android version?
HYVE- We learnt is a community-governed ecosystem that solves the current problems in the global multi billion freelance and workforce market, adding new features and mechanics that are non-existent on any current platform. Could you please tell us what these new features introduced by HYVE are ? Share with us
High Fees- we understand the industry average fee is 25% without into account a payment processor fee (PayPal, Bank) Between 1/3 and 1/4 of user budget is spent on fees alone. Please could you tell what gas fee is on HYVE?
One primary use of the HYVE tokens is the governance of the ecosystem. Token holders are able to freely share ideas that others can vote on. By using their tokens, everyone can get hands-on with the governance of the whole ecosystem, while also getting rewarded for it, either directly or indirectly. Users, through HYVE Improvement Proposals, have the ability to change certain parameters of the HYVE Core contracts, as well as to add new interactions. Questions
A) Does it mean that the HYVES token is like the password to access the governance of the ecosystem..???
B) How can I use my HYVES token to vote for an idea..???
C) Who can user contact to submit an improvement proposal/change of parameters of the HYVES core contract???
HYVES
I learned that,Users also have the option to create and be part of teams, called HYVES.Hyves are groups of users that come together in order to perform join tasks as an organization. HYVES can set a predefined allocation per member (the developer of the team gets 40%, the designer gets 30%, the managers get 15% each). hyves are for individuals who want to form a team online and start fulfilling jobs.
Hyves are self-governed organizations. Questions
A) Are HYVES independence from the governance of the whole Ecosystem..??
B) How can I create or be part of the team ( HYVES)
C) Since HYVES purposely team up to perform jobs/task online,who are/is the EMPLOYERS of the HYVES. THANKS
FEED BACK MECHANISM
The feedback value ranges from 1 to 5. If Alice leaves feedback with a value between 4 and 5 to Bob, Bob has to leave feedback back in order for it to appear on his profile. If the feedback contains a rating of 1 to 3, it appears immediately on his profile. Along with the reviews they received, the tasks/jobs a user has completed is also visible on their profile. Questions,
The analogy/ example sound too logical and a bit technical, can you simply further..???
Supposing Bob did not Leave the feedback,would it have still appear on his profile..? Why would a feedback containing a rating of 1 to 3 immediately appears on Bobs profile, ( Are ratings from 1 to 3 automated)…???
From your website, I read that HYVE is a community-governed ecosystem that solves the current problems in the global multi billion freelance and workforce market, my question is, how does HYVE help solve current problems in the global multi billion freelance? What problems does this workforce market have that HYVE ecosystem will need to solve? Can you tell us about how HYVE Ecosystem work?
In your post, you said that the Ecosystem is something that will help the Ecosystem develop and thrive by offering projects various tools to make their life easier when deciding to build on HYVE, so my question is, how exactly does this Ecosystem develop and thrive?
The current platforms are not yet ready for the imminent change, this according to the GARTNER company, it should be noted that hyve according to its characteristics and mechanics that do not exist in other current platforms which the difference How does hyve see this investigation of this company and how this platform and its entire organization are preparing to face these new challenges of continuing to grow, innovate, develop and thus position itself as one or the best platform worldwide
You mention that you are proud of the partners that accompany you and that you believe in this great project. Do you have any intention or need to include new partners? What would your plans be to attract more investors and how would your profit margin be shortened or long-term?
in your media you said that “Given the impact that Bountyhive had on the cryptocurrency space, it will be exciting to see what Stomff is building next. I need more explanation on this, what impact Have Bountyhive had on crypto currency space, and how have this development benefited crypto.
in your Media, you said that Over the next few days we will be releasing the first component of the HYVE Ecosystem. While this is merely the smallest of the components and just a first release that will go through several iterations, it is a step in the right direction, and we are happy about it. My question is, what is the advantage of the HYVE ECOSYSTEM, and What are the several iterations?
What I like on your platform is your feedback mechanism and its underlying features. Hyve allows users to rate and send feedback to one another after an exchange/transaction. Furthermore, any disputes and concerns about the feedback shall be tackled on Hyve’s courtroom or “sub-courts”. How does Hyve process each disputes? Is there a third-party entity within this courtroom to promote fairness?
As technology grows, so does the advancement and improvement of jobs we have today. We can see a lot of jobs that we hadnled manually back in the day are now being taken over my automated machine and computers. Given that Hyve’s focus centers around users’ employment and technology, do you think there will still be enough jobs and manual labor available for everyone in the coming years? What is your outlook/sentiment towards futuristic job criterion? Do we have to be worried that one day, we won’t have jobs anymore because it is now operated by machines and computers?
The three major components of HYVE is its HYVE Core, HYVE Protocol and HYVE client. Among the three, which component gave you a hard time during its developmental stages? What were the hindrances you and your team have faced when conceptualizing, developing and implementing these components? Did you took into account some notable real-world problems that your project can solve?
On the HYVE platform, which filetypes are we limited to? Also, in the future, will we be able to post tasks that are not performed digitally?
Let’s talk about Hyve Protocol Verified Tasks — you state that due to their nature, tasks using the HYVE Protocol are selfverifying entities. The task issuer creates the task, ties an identifier to it and then implements the HYVE Protocol Framework in his environment. As soon as any of the task fulfillers completes the task conditions,
the smart contract is notified, validating the entry. Here appeares the first question: how long does it take for the creator to complete its manipulations? Depending on the task complexity it might be even more difficult to create them than to check personally? Is it also possible to create the verification list (as draft) for the same tasks in future? Thank you!
Hyve pays more attention to payments considering them crucial in all the relations chain between users. There will even be a possibility to set a scheduled system that disburses the payment at a certain period. Please provide more details on this delay. When exactly is the payment unlocked? Should the party B meet certain criteria set by party A to get it unclocked?
HYVE has achieved excellent results from the point of view of listings, considering that it is listed on top platforms such as Kucoin and Gate io; from the point of view of the community, on the other hand, slightly less .. for you is the community important, in terms of numbers and participation by members? What would you do to grow the community and thus attract more investors?
So through Hive it will be possible to transfer ETH by paying a very low fee? How is this possible? Could you explain the mechanism that allows this? Who is losing out?
What does the ERC777 standard represent and why does HIVE use this standard?
What functions does HIVE have within governance, apart from staking? What are the advantages of using HiVE within the ecosystem?
So that’s HYVE, a reinvented platform where the token is the most important aspect of the ecosystem. The incumbents are an integral part of the system, as are the freelancers who will be working on various tasks. What are the Hyve token use cases? How democratic is the Hyve platform for Hyve token holders? Where can I purchase the Hyve token?
Now, with Covid more than ever, people need a way to make money by using their skills, and HYVE is just that. As for the numbers, consider it a bit, the workforce industry is literally the largest industry in our world. What are the different ways to earn income offered by the Hyve platform? are there ways to earn income actively and passively? Which?
Aside from Fiverr, Upwork, and Braintrust, no Hyve doesn’t have much competition, and those 3 companies are literally worth billions of dollars right now and from a technical perspective I’d say we’re doing pretty well compared to them. What are the competitive advantages that Hyve offers over its competitors? What are the innovative features of Hyve?
Hyve’s main focus will be onboarding companies that want to build on HYVE and / or use HYVE directly. He also mentioned that he will also offer some big project grants that are built on top. What are the facilities that Hyve offers to companies that want to build on Hyve? Why should a company build on Hyve?
From what I understand, HYVE could work as a P2P easy-hiring ecosystem. However, as we know, there are many risks and legal complications that can come from these types of agreements. So I would like to know how you handle legal matters and make everything beneficial for every party involved? What happens if somebody breaks the agreement and how are the ones affected recompensated?
How do you evaluate workers and employers, both before they get into an agreement, and after the work is done? Are there clear rules and standards in place? How do you ensure great employees are paid with great employers? Lastly, are the agreements in place only made to be short-term, or one-time jobs, or can long-term agreements (or permanent) be done too? Is that possible?
One of the main disadvantages of other platforms similar to HYVE is that freelancers and workers have no say or control over the platforms, since many of them employ centralized governance. Is that different in HYVE? Can HYVE users have voting power and can they participate in ecosystem decisions? Are the opinions and suggestions of HYVE users listened to?
Currently there are hundreds of freelance platforms, many of them that claim to be “decentralized” but the truth is that they charge excessive commissions for completed work or to withdraw the money, can you tell us how HYVE’s commissions are? In what currency are they paid and if there is a time limit to withdraw the earnings?
I have worked for some time as a freelancer and one of the biggest obstacles, especially for the less experienced is the number of people who publish misleading ads where they ask you for a deposit for contract costs or send you scam links, can you tell us how HYVE is protected against this type of action? What are the security measures of your platform?
Hello HYVE team. We know that it is common to see that freelancers have to wait weeks just to withdraw their earnings to a payment processor. This is a big limitation. How long must we wait on the HYVE platform after finishing a job or task to be able to withdraw our earnings? Thank you!
As a long to me user of Fiverr as a worker, would it be easy for me to start using Hyver? What are the similarities among these websites, what role would I play, what advantages does Hyve bring to me as a competitor?
There are 4 players in Hyve platform: holders, agents, hosts and users. What are the requirements and steps to follow to become any of those roles, and heat are the advantages they receive in the platform?
I read that you were associated with the PUNDI team, but what is the objective of this association? What do you want to receive from them and what are you going to give them back? And what will you create together?
I like your logo remembers me to a Bee’s Panal, but Hyve have the same behavior like a Bee? Working hard and never stops?, How much committed is the team members with Hyve works? And How you incentivize your community to keep It ?
Can you give us more details about the Partnership with PUNDI X? And How Will contribute you in terms of Payments?
How Hyve guarantee the authenticity of the client data? Considering the Big amount of scamers specially in DeFi space?
Congratulations on the successful launch of your platform, another hug milestone for your project. I just have a few questions for the team which are; since the launch of your platform what are some of the feedbacks or bug reports you’ve gotten from your community so far? How have you been able to resolved some of this bugs? I noticed that some functionalities such Bounties, Offers, Contest are still greyed out and currently unavailable, when can we expect to see these functions to be fully available on your platform? Lastly,I will like to know, aside connecting to your platform with Meta mask, do you plan to include Google Account as one of the options for users to connect to your platform? as I can see it is not currently listed as one available options through which users can connect.
Almost any Dapp can be integrated with Hyve. Which Dapps are currently incompatible with one other? What are the constraints this entails, and how do you think they’ll be overcome so that any Dapp, no matter how complex, can be merged with Hyve?
A platform like HYVE should have an efficient user support system, I could read that one of the functions of your HYVE token is that it is used for dispute resolution so surely you have planned what to do in situations of scam, conflicts and misunderstandings, Can you tell us what you mean by dispute resolution and through which channel do you offer support to users who have problems?
In a recent AMA, you argued that the HYVE token is of great importance to the project, in fact, the platform would not be able to function without the token itself, but you also say that the entire ecosystem works around a balance between incentives and disincentives. So, could you explain to us first the usefulness and importance of the token? And secondly, what are these incentives and disincentives of the protocol?
I noticed that HYVE has another fully functional Dapp called “HYVE LAUNCH” which works in tandem with the other 3 components of the HYVE Ecosystem which are: HYVE Client, HYVE Core, HYVE Protocol. And the first project to be launched on HYVE Launch was YouClout; which is a community-driven TikTok-style NFT Marketplace.
Can you tell us more about this HYVE LAUNCHPAD? What are some of the benefits you offer project that are launched on your launchpad? Can you also tell us more about the “HYVE Launch Vault” which currently one of features of the HYVE LAUNCHPAD? What are some of the functionalities of your LAUNCH Vault? Most launchPad implement a tiered system for IDO allocation, is this feature also implemented in your LaunchPad? Is KYC a key requirement for participating in IDOs on your LaunchPad? are there any upcoming IDOs or Project launch on your LaunchPad you will like to share with us?
I read in one of your articles that YouClout which was the first Project to LAUNCH on your LaunchPad, will be the first platform to integrate “HYVE Login” which is another unique and interesting component of the HYVE Ecosystem. I tried researching about this Component, but I couldn’t find any information about this it in your whitepaper or other published resources of your project. Can you kindly share more information and details about your HYVE Login component with us? Is this component still underdevelopment or is it complete and ready for launch? What key advantages or benefits does it bring to the HYVE ECOSYSTEM?
Taking a look at the HYVE roadmap which is made available on your website, I noticed that the project had an inception and V1 Whitepaper publication as far back as Q1 2018. However, most of HYVE’s development and product integrations didn’t start until Q2 2021 to current date. May we know what might have caused this delay with project development and service offerings, and how has the general #buidl been for the HYVE dev. team, what has been your milestones and challenging moments? As your paltform has been fully launched and up to speed, what would be the next phase for the HYVE project expansion?
HYVE is regarded as the first global collaboration aggregator that offers tasks, competitions and multiple offer in one place. One of such product that you offer is HYVE launch – A launchpad. This launchpad will not just be for fundraising, but you said users can create their own tokens and staking vaults using this function. I will like to know the process of token creation using HYVE launch. What type of tokens can a user create and will it be limited to Ethereum blockchain in which you will operate? How will users or other project use these custom tokens to create their own independent governance feature within your own protocol? What tools or SDKits are provided to users who may not have deep developer knowledge to create tokens and dApp within HYVE?
Congratulations for your MainNet that was released yesterday. Can you share with us updates from the MainNet launch and how the reception has been so far? I discovered that some areas are still greyed out which means not all of your features are available. So, I will like to ask which functions have been released and which of them are unavailable this launch? How long will it take for you to fully release all your features securely for public interaction? I also saw that your first cross-chain interaction is going to be with polygon. Why will you bridge with polygon first? When will your cross bridge be ready and when will users be able to interact with your project across many chains?
Reading the HYVE whitepaper, I noticed an interesting mention of a special group of persons within the ecosystem, generally referred to as “Hyves”. From information gotten, Hyves will almost certainly function as a DAO within your platform. As this will be an important group on the HYVE platform, can you carefully elaborate on the duties, privileges, functions and rights of the Hyves? How can your users and community members become HYves, are there specific requirements to met? Finally, since Hyves exercise a lot of influence on platform operations, are these privileges and powers conferred on them based on a tiered or rank structure?
I read that your project will be onboarding various companies and you will be provide grants to projects or developers who will be interested in building their protocols on HYVE. Can you provide some criteria on how to access these grants? Which company have you onboarded and what type of project can be onboarded onto your platform? What types of activity or project can a user build to qualify for a grant and what are the selection criteria or voting system that will be use to select eventual winners?
There are different roles in the HYVE ecosystem that people using HYVE can pick. These include; “Host”, “User”, “AI”, “Holder”, “Team Player” and “Agent”. Can you explain the features of these roles? What are the contributions of these roles to the HYVE ecosystem? Can people using HYVE pick more than one role in the HYVE ecosystem?
There are several problems found currently in the workforce industry. Some of the major problems include; High fees(A huge part of a user’s/employer’s budget is spent on fees alone) ,Slow payment(It is now normal for freelancers to wait for weeks just to withdraw their earnings) and Data Leaks(Users are victims of data breach several times). How does HYVE solve the major problems listed above?
HYVE is a community-governed ecosystem which means that people that use HYVE have the right to vote on various decisions to be taken. Most of the community-governed ecosystems require users to hold or stake a certain amount of a token before they have governance rights. Is it same for HYVE? What are the requirements that people using HYVE must meet so that they can have full governance rights? Are there other incentives that accompany the governance rights?
Hyve serves and provides solutions to centralized and decentralized platforms but what is its own essence is a Cex or Dex platform, what are its strategies to attract and welcome the unbanked, if Hyve has the ability to be flexible and eliminate intermediaries can then act without the need for external exchange?
What are the main commercial pairs compatible with Hyve, basically which with the projects, platforms or activities that can be promoted by Hyve, must the interested parties possess some special characteristic to be able to participate, investing in cryptocurrencies is similar to being a venture capital investor but many new users are joining the system, does Hyve facilitate the adoption and adaptation process? How inclusive can a subproject be?
Do you think that Hyve has achieved the commercial and financial strategies to form a completely new audience and demonstrate that carrying out transactions in cryptocurrencies can be an easy, simple process but with high levels of security? Why is HYVE primarily aimed at freelancers whose transactions often take place internationally? Tell us about Pundi X HYVE co-branded cards and their advantages for holders and evolution of linked projects?
What matters to me in today’s projects is that it delivers and implements a real-life solution. Is HYVE a global collaboration protocol, how does HYVE provide opportunities and opportunities for people around the world to make money through their skills? Is there a connection or relationship between Hyves and HYVE, does HYVE have a story?
I noticed that HYVE will have a Launchpad as Hyve Launch in their plans, can you give us detailed information about your launchpad in simple sentences? Which projects will you include in your launchpads, will the launchpad provide a return for HYVE token holders? Will we see more different plans and features in the HYVE ecosystem?
One of the main features of your project is the HYVE PROTOCOL. Using the HYVE Protocol, you only have to create a task, implement the HYVE Developer SDK in your environment and set it up. My question is,what is this HYVE developer SDK,and how can it be used in your HYVE platform?What programming languages will SDK be available in?Will users of your platform who already have a blockchain infrastructure implemented in there environment make use of it?And lastly what are the use cases of SDK, and what value will it bring to your project? Thanks
HYVE can be used by independent professionals to create profiles, share work portfolio and communicate with potential employers/clients and interact with different blockchains. My question is On registration, is a crypto wallet automatically created or does A user need an alternate wallet to make/accept payments on HYVE? Do i have to pay to join HYVE and what other use cases does your token HYVE has? As demand for your platform becomes popular among users, there will be a high demand for more HYVE tokens which would thereby increase value for the existing token holders, what will you charge as transaction fee in your HYVE platform, will it be a flatrate fee for all blockchains using your platform? Thanks
At the focal point of the systm lies the HYVE token,an ERC777 asset that is backwards but compatible to with all tokens and contracts supporting the ERC20 standard coupled with the governance and staking functionalities of the ecosystem.My questions is even though both tokens are compatible,why did you opt for the ERC777 tokens?What benefit does the ERC777 token offers when compared to the ERC20?You also made mention of HYVE Client that will serve as a wallet,offering support for all ERC20,ERC223 and ERC777 based token,Is the HYVE Client wallet available for download or its still work in progress?Do you also have plans of integrating to other blockchain in the future like Binance Smart Chain,Polygon,Solana? Thanks
After Visiting HYVE client app, I remember the Fiver website since I tried to make money by doing some task for others. What are the unique specialties of HYVE platform rather than other task directory platforms? Should users post gigs on HYVE app to gain more tasks towards them just like other task directory platforms? How will the implementation of task & application for tasks work here? What is the minimum payment that users can receive by doing tasks?
One of the upcoming plans of Hyve is providing a grants, scholarships, and a sponsorship categories that includes sportsmen. So,with this upcoming plans of yours,how can anyone be eligible to apply scholarship in your platform? As you provide grants, scholarship and sponsorship,do you have any collaboration like schools or company that will help you realize your upcoming plans? Would you give some overview what kind of scholarship and grant you are offering and who will be the person that you are aiming to avail this scholarship and grant? Thank you
You have devloped the HYVE concept initially in Q1-2018 according to the Roadmap. It’s nearly four years to mainnet launch. Why is that? Did you have bad days through this journey? However, Your Roadmap will last with this quarter (Q3-2021) by launching the mainenet. Does this mean that all of your goals have been accomplished? Will there not be key events on future within HYVE ecosystem?
One of the features in HYVE protocol is community vault which is scheduled to send automatically 50% fee from transaction fees. What is the purpose of this Community vault? Who is the in charge of this fund? Are there any kind of advantages for $HYVE holders by the community vault? How about the security condition of the community vault fund?
What is the percentage that holders of the Token receive, what is the current value of the token at the moment and where can we buy it, what is the function that the token fulfills within the platform? It is necessary to start with the native Token within your project or we can do it with other cryptocurrencies, you can give us more details about these functions
I was reading your roadmap and I noticed that during the period between Oct 28th – Nov 5th Stage 2 – Platform Testing & User Feedback begins. Who will be able to participate in the platform testing? Will users be randomly selected or can anyone participate? Where can we send our suggestions and feedback?
According to your whitepaper, $HYVE token is compatible with ERC20 standard with multiple utilities. I can assume that you have built HYVE project on Ethereum since it’s potentiality. But you forgot the gas fees of Ethereum chain. Is it not a issue for job seekers & job providers since high gas fees on transactions? Do you have a solution for that? Presently several projects adopt cross chain interoperability to get a exposure throughout the various communities. Will you add more blockchain networks in addition to Ethereum chain?
As you stated, Current freelance Marketcap is $100 Billion & it will increase up to $350 billion by the end of 2023. Huge increment it is. So what are the marketing strategies that you will deploy within HYVE project to attract more percentage of the total Marketcap by 2023? Could you list some upcoming incentive events for the clients & freelancers in HYVE project in future?
Important question about HYVE terms of use: Fiverr, for example, has stated in its terms of use that customers automatically get the rights of use to graphics, etc., so the freelancer does not have to conclude a contract with the customer every time (since it is already stated in the terms of use). How does HYVE handle this? If HYVE does not also have such things in its terms of use, then it will be very time-consuming if a rights of use contract has to be signed/set up for each $10 order.
What are the problems that HYVE will solve? Apart from that the community can have you and vote, what kind of functions would it use, what are the main characteristics and mechanisms that it would use to solve the current problems in the global multimillion dollar market for self-employed workers? can you explain us about these question points
Can you tell us about the HYVE team, how many people does the HYVE team consist of? Is the knowledge and experience of your team enough to take the HYVE project to the next level? Will we see more advisors joining Hyve, are you organizing training materials such as a training seminar about your advisor purchases? ?
I read that HYVE is launching a Launchpad called HYVE LAUNCH. How did this idea of launching your own Launchpad come about? What kind of projects will HYVE LAUNCH support? How can we (HYVE holders) participate in those Launchpads? How many HYVE tokens do we need to be able to have a ticket in the launchpads? Will you give priority to the holders who have more HYVE tokens?
What are the Experience and Expertise of your Core Team Members , Are the Team Members are Anoymous , How many Total team members are Working in your platform ?
What are the benefits of holding your token as long term investment? Can you tell us about the motivation and benefits for investors to keep the your token in the long run?
Can you tell us about your milestones this in this year?
Do you have AUDIT certificate or are you working to AUDIT your project, so that the security of the project becomes more secure and reliable?
Currently, the blockchain market is quite volatile, which geographical areas or
industries does Coinswap focus on?
Your project name seems to be very interesting. Does it have any story behind it? Can you share us with the inspiration for approaching to this name?
What problems is Project trying to solve to make it easier for Crypto users? Please let us know How evolving the roadmap is right now. What will happen this year and in the future?