FIRST IN 100% DECENTRALIZED SOCIAL MARKET MEDIA - GIANT BLOCKCHAIN CRYPTO PROJECT 

HVC is poised to triumph in the crypto economy.

Cryptocurrencies have many use cases. Some act as a store of value, others power blockchain to make it possible to create trustless digital contracts and permissionless decentralized applications. Some cryptocurrencies are pegged to fiat currency allowing for stable transfers of value, and some underpin protocols that offer decentralized data storage and video streaming. 

Each of these use cases requires a particular set of blockchain attributes and economic incentives. Many say that there is no single cryptocurrency project that can do it all; however, there is one that comes very close in a field that has been, for the most part, put in the too-hard basket by the majority. 

Who Dares Wins 

Markethive is a monolithic blockchain project currently operating as a social network, an entire inbound marketing platform with email, blogging, and digital media capabilities that broadcast to the vast internet. It’s a complete Market Network and the first of its kind. 

Markethive is predominantly a free system where users can access a platform that can cost more than $2,500 offered by other marketing platforms. There are, of course, upgrades that open up more tools and monetization opportunities, the first being the Entrepreneur One Loyalty Program, and coming soon is the Premium Upgrade. 

The many domains Markethive has and its autonomous cloud systems that ensure its sovereignty and longevity make it untouchable and immune from the tech giants’ rule and biased agenda. But can still remotely infiltrate the social media platforms and reach the multitudes either locked in or looking for an alternative meritocratic medium.

In other words, wherever you go, Markethive is there, anywhere and everywhere, delivering its message via its community of entrepreneurs to a far-reaching audience. This next-generation social market media is poised in the wings, and when the time is right, it will emerge as a shining light to lift people up and bring financial sovereignty and hope in this gloomy and uncertain world.  

The video platform, conference rooms, the unique four specific news feeds currently in development, and many other projects and incentives add to the credibility and need for an ecosystem in the social media and digital marketing space. 

In 2018, Markethive released its coin, with the ticker symbol of MHV that enabled the distribution of the coin to the members within the Markethive system by way of infinity airdrops and subsequently a micropayment faucet. The coin is currently in the process of being labeled with a new name, HiveCoin, with the ticker symbol HVC. 

Now in the final stages of BETA, Markethive will officially launch with the release of its first wallet developed from scratch to service the community’s needs. This is Markethive’s internal web wallet, with the end goal of a wallet app accessible from your smartphone (external wallet) that includes built-in messaging, news feeds, e-commerce, conference rooms, etc., with the highest security measures. 

Meanwhile, the growing user base is accumulating their native coins, Hivecoin (HVC), in anticipation of the release when they transact using HVC within the Markethive system and externally.

What Sets The Markethive Coin (HVC) Apart?

The Markethive platform enables the users to earn HiveCoin cryptocurrency with everything they do and are paid for their loyalty. The Vault is an innovative concept that allows Markethive members to stake their coins, similar to a bank account. The more coins held in your vault, the higher the micropayments received, and then there’s the monthly interest paid to you based on the number of coins in your coin clip.

The company issues these micropayments, incentives, and rewards, not just the users, which is commonplace and the only form of payment in other crypto-based platforms. However, Markethive has a tipping protocol the people can utilize and substitutes the like button. 

It isn’t only a social media network or inbound marketing platform; it lends itself to the cottage industry concept allowing members to monetize the various initiatives Markethive is developing, starting the Banner Impressions Exchange. It’s also where entrepreneurs can facilitate and promote their personal businesses to a built-in audience as well as a springboard to the far regions of the internet. 

In Markethive’s all-encompassing ecosystem, the objective of the Markethive coin (HVC) is to be utilized as a form of payment rather than just selling it (pump and dump scenario). This gives a purpose and actual use case for HVC, equalizing the velocity and increasing coin value. 

Bitcoin has established itself as a store of value that affects the value of most other altcoins, albeit positively or negatively at any given time. However, if a coin or project’s use case and utility are credible, it can result in a parabolic shift, increasing in price, without riding on Bitcoin’s coattails. 

 

The Markethive Blockchain 

Markethive is currently situated on the Ethereum Blockchain while in BETA. However, Markethive aims to utilize a 3rd generation Blockchain developed by Cardano and Elrond. These Blockchain protocols have the advanced capabilities to produce the distributed database system Markethive requires. 

This ensures that all data that the extensive user base inherently creates in a social media environment is decentralized and safely integrated and stored on the blockchain, including all forms of content, videos, images, etc.

It is considered a  mammoth task for a blockchain and not conducive for an established social media platform like Facebook with its trillions upon trillions of data already in its system. Markethive conceived and initiated this blockchain protocol, making it easier to integrate. We just had to wait for the right technology to surface.  

Thanks to technology evolution, the Markethive social market network’s ability to build a massive database management blockchain can only be done on a 3rd generation blockchain platform like Cardano or Elrond. The Markethive blockchain will be forked off the 3rd generation blockchain, with HVC being a native token, a fungible multi-asset token. 

Native tokens represent value and act as an accounting unit, which can be used for payments and transactions and sent to an exchange address. Native means that these tokens are supported by the main chain’s accounting ledger without the need for additional smart contracts, as the ledger features built-in support to track ownership and transfer of more than one type of asset.

Ethereum blockchain issues tokens through a custom coded smart contract, which issues a non-native token. This token won't have all the advantages of Ethereum, and you have to pay for smart contract execution every time you move your token. This is why people complain about Ethereum fees being so high. It's not very efficient, leaving the door open for human error when coding smart contracts.

The low cost in transactional fees and the increased throughput into the thousands make the Cardano and Elrond blockchains a favorite in future generation blockchains. A sustainable, scalable financial operating system is becoming a reality. 

 

HiveCoin And ILP Smart Contracts - The Markethive Ecosystem

The Markethive  ILP smart contracts that the entrepreneurs have recognized as valuable and acquired will work seamlessly in the background on the Markethive blockchain forked off a 3rd generation blockchain. At the same time, the HiveCoin (HVC) will be used as a medium of exchange and will continually be circulating, earned, and accumulated by users within the Markethive economy.

It allows us to be completely decentralized financially with complete autonomy and protection of our intellectual property, ascertaining a viable and comprehensive ecosystem. This bodes exceptionally well for the Markethive ecosystem and benefits all participating in it. 

Essentially the Markethive ecosystem will have its own financial operating system within the new global financial operating system or future of internet money envisioned by the architects of the emerging technology, strides ahead of the initial technology of Bitcoin and Ethereum.  

Markethive - Staunch And Benevolent Vision

Markethive’s vision is a fully decentralized social network inbound marketing platform integrated and operated on a massively distributed database system, the internal giant blockchain, controlled by a smaller external blockchain Markethive’s Dapp wallet will utilize. 

This is a very advanced technology Markethive is integrating at which no other platform is doing or will attempt to do. It is a vast undertaking and needs to be done right so security is not compromised, on all levels, hence the methodical and time-consuming approach. Markethive is incomparable to any other media platform and, although touted it that couldn’t be done, is 90% done. 

It’s about looking after the community, the products and projects, the use, and the utility. Getting it right, being clever and evolutionary will pay huge dividends in the mid to long term for everyone in the ecosystem. Markethive is always focused on where we are going and why we are going there in the mission, giving economic sovereignty and identity to all, especially those that don’t have it. 

I know it’s hard to get your head around. Most people don’t comprehend what we have in our midst with Markethive but rest assured, this gigantic all-in-one platform current flying under the radar will be a life-changing positive force of how we work, earn, and socialize online. 

Come to our Sunday meetings at 10 am MST as we approach massive major upgrades and be the first to know about it. See and hear explanations, ask questions, and witness the ever-evolving technology and concepts of Markethive as we stay one step ahead of tyrannical technocrats.  The link to the meeting room is located in the Markethive Calendar. See ya there.

 

 

 

 

Also published on Before It’s News:first-in-100-decentralized-social-market-media-giant-blockchain-crypto-project

 

 

 

 

 

 

FIRST IN 100% DECENTRALIZED SOCIAL MARKET MEDIA - GIANT BLOCKCHAIN CRYPTO PROJECT :   FIRST IN 100% DECENTRALIZED SOCIAL MARKET MEDIA - GIANT BLOCKCHAIN CRYPTO PROJECT  ...

Shitcoins vs Crypto Scams. What’s The Difference? 

There are many types of scams society has fallen victim to that have been around for decades. Charity scams, insurance scams, et al. are all too common, and they are more rampant than ever now we have the internet. And as technology emerges, anyone can simply create a crypto token which opens a pandora’s box of newly defined crypto chaos. 

The cryptocurrency market has exploded since the inception of Bitcoin, with 1000s of alternative coins now listed on various exchanges. Many have earned the respect of the crypto community by applying actual use-cases with developing technologies. While prominent cryptocurrency coins display transparency, genuine utility and serve a purpose for a decentralized application or an associated blockchain, many altcoins hold no real value. 

These coins are referred to as shitcoins and have no discernable purpose, and they are often targeted towards less experienced people in an effort to exploit them. The term shitcoin is commonly used for a copy or clone of another well-known crypto, or it can be a brand new project. It’s very much based on personal opinion. 

But are all shitcoins crypto scams? Not necessarily. There are inconspicuous scams out there orchestrated by greedy evil-doers hiding behind the guise of benevolence and charity and taking advantage of the crypto craze and people’s naivety of the nascent crypto industry. I’ll touch on that later with an example. 

Importantly, any crypto with no meaningful purpose and often no genuine demand for the coin, whatever value it may generate depends on pure speculation and is considered a precarious investment. Shitcoins are digital currencies that people believe to be valuable simply because they exist. Centered around hype and shills, they are very prone to pump and dumps and rarely recover. 

The crypto projects that rely on paid shills to pump their coin or token should be viewed with immense suspicion. Why should they feel the need to create an artificial perception of demand? Does that mean that there is no genuine organic interest in the project?

On a side note; If you’re not familiar with the terminology in this article relating to the crypto industry, here is a  breakdown of the most common crypto lingo.

How Easy Is It To Identify A Shitcoin?

It is often easy to identify a shitcoin because many follow a specific pattern. When a shitcoin is first launched, the token may attract some interest, but its price remains relatively low. The low price attracts newbie investors naively thinking they’ve invested in the “next Bitcoin,” further validated by a high-profile influencer backing it for whatever reason.

As interest peaks and investors jump in, prices spike quickly. This is almost always followed by the price tanking. The sharp fall in price is caused by investors selling their coins to profit from short-term gains. Usually, these pump and dump schemes are dominated by only a few “insiders” who really know the price dynamics and know when to sell to profit. The process is often associated with shitcoins and can leave many retail investors stuck with worthless tokens.

What Is The Most Obvious Sign?

The most obvious sign of a shitcoin is a lack of a well-defined function. 

Bitcoin was built for a decentralized payment network where financial transactions are secure, trustless, and censorship-resistant. It is now classed as the store of value for cryptocurrencies.

Ether, the coin native to the Ethereum blockchain, is used to validate transactions and secure the network. 

Binance Coin, the token native to the Binance Exchange, reduces fees on the Binance platform and powers the associated Binance Chain blockchain.

ADA, the native coin to the Cardano blockchain, is used to further develop applications, Defi, smart contracts, scalability, and interoperability. 

Hivecoin, Markethive’s native currency, is used to power a decentralized social media and multi-dimensional marketing platform, sovereign from the social media and tech oligopoly.   

Shitcoins do not have such clearly defined purposes.

Discerning a shitcoin is more straightforward when looking into the background development and associated project (if one exists). 

• Is the project a copy of an already-known cryptocurrency platform? 
• Does the project have an associated whitepaper? 
• Is the whitepaper copied from a different project? 
• Does the whitepaper reveal in-depth details on the technical implementation? Or is it just hyped up with promises and emotive images?
• Is there a clearly defined and credible road map?
• Is it raising money through an ICO based on the promise of a good return but lacking product, demo, or code? 

If there are contentious answers to any of these questions, the cryptocurrency could well be a shitcoin. A whitepaper is intended to be the technical details behind a project. It is not supposed to be an easy read. When a whitepaper is overly visual and lacks technical solutions, consider that a red flag. 

Numerous examples of projects have developed a cryptocurrency for something that really did not need one at all. Let’s not forget that the future value of a utility token will come from its actual use.

Three Widely Known Shitcoins

Although subjective, here are some of the more well-known shitcoins within the cryptocurrency market:

Dogecoin (DOGE). This meme-based cryptocurrency was designed around a comical picture of a Shiba Inu dog called Doge. The coin was initially created as a joke. Much of the coin's popularity has been the result of influencer encouragement and hype.

Shiba Inu (SHIB). Following Dogecoin's success, SHIB was developed as a token simply named after the Shiba Inu dog breed. It serves no purpose and is not associated with any blockchain or decentralized application. The maximum supply of tokens was set at one quadrillion.

Safemoon (SAFEMOON). Safemoon is a Ponzi-inspired coin that punishes holders for selling. Holders are charged an additional fee by the network when they sell, which is distributed to other holders. 

As I previously mentioned, it is so easy to generate a token for any reason. This video shows you what to do, or should I say what not to do, for the sake of the future of crypto and for humanity. 

The presenter also gives you his take on Safemoon and its ICO, which may be why certain authorities have outlawed ICO’s. Initial Coin Offerings are predominantly unregulated and have been the vehicle for scams and fraud. Consequently, the SEC has deemed them as securities and restricts unaccredited investors from participating. 

Crypto Scams Can Be Difficult To Recognize 

With technology, many projects can look legitimate at face value, so it’s easy to fall for their narrative as many unsuspecting people have done only to find they’ve been scammed with no recourse. 

Crypto scams have sky-rocketed, and it doesn’t help when popular social media influencers get involved claiming to be ambassadors for the cause. Playing on people’s emotions and goodwill makes the charity sector a sitting duck for crypto scams. 

One such example was the “Save The Kids” project, and unfortunately, many didn’t see the red flags and were fooled into investing their hard-earned money into this scam. There are many scams out there, but this one takes the cake for me. The video below explains it all.   

Finally...

There is a critical shortage of quality information about cryptocurrency, with only a handful of proven experts that can explain cryptocurrency and how it genuinely works in simple terms. There are millions of people desperate for more information to benefit from this developing industry which gives the opportunists a platform and immense power to shill and cook up crypto scams that can last for months or years. 

Scammers and shills take advantage of this narrow flow of information, purporting to be crypto gurus, and mislead or fool people looking for answers with their narrative, which by enlarge is speculative, even erroneous.  

Shitcoins are risky investments that most cryptocurrency enthusiasts should avoid. For investors who love risk and know what they’re doing, shitcoins may present an opportunity to make somewhat large but short-term profits. 

And outright scams? Well, tread very carefully. Do your research before committing. Who is behind the project? Are they credible? Have they been involved in any questionable projects in the past? How long have they been involved in the blockchain space? 

With experience comes knowledge and wisdom. As the saying goes, “Fool me once; shame on you. Fool me twice; shame on me." 

 

 

 

Shitcoins vs Crypto Scams. What's The Difference?: Shitcoins vs Crypto Scams. What’s The Difference?  ...

WHAT ARE THE MOST COMMON MISTAKES CRYPTO USERS MAKE?

 

Are you new to crypto? Or have you been blindly dabbling in the crypto market, getting caught up in hype or FOMO, and not understanding the pitfalls? We’ve all experienced some form of loss, be it falling for a scam or even something as fundamental as entering the wrong address in a crypto transaction.

We can be forgiven for any type of mistake or misguided decision we may have fallen victim to; after all, it is a relatively new industry. But the crypto landscape has now got twelve years of experience under its belt, pundits and enthusiasts have learned (albeit the hard way for some), and the industry has evolved. 

According to the Coin Bureau Guy, known for his research and impartial tutorials of all things crypto, including the traps and snags of the cryptocurrency world, for the purpose of this article, I have chosen eight of the most common and catastrophic mistakes the majority of crypto users tend to make. These mistakes are easy to avoid if only you know about them. 

 

Image credit; https://en.bitcoinwiki.org/wiki/Hodl

1- No Strategy

Everyone who “gets it” envisions crypto as the next sovereign financial operating system, and Markethive and Cardano, are on a mission to do just that. The way it is now, the objective of many users in crypto is to make money and improve their financial situation. That is a great objective and one we all have; however, it isn’t a plan or strategy.

A strategy is vital as it will keep you informed about your investing decisions in a relatively consistent and pre-programmed way. Two of the main approaches to consider are either Trading which requires some technical analysis and knowledge of the markets. It curbs you from making quick and sometimes emotional decisions when trading particular coins. The other is Hodling;

More often, newbies starting out prefer to hold their crypto in a safe wallet. Hodling your chosen crypto will set you up for more long-term gains. Deviating from well-thought-out plans most often result in loss and heartbreak, as confusing changes can make it more challenging to know why your investments are not going according to plan.  

 

2 - Choosing The Wrong Exchange

So many have lost all their funds by simply choosing an exchange which turned out to be a scam. As the crypto market is still deemed the wild west, there are 100s of new exchanges springing up, with some having very questionable business practices. 

There are many legitimate exchanges out there, and a little research to find a safe and trustworthy exchange is needed and will pay off in the long run. 

It is becoming more apparent that the paid ads on crypto new sites are not impartial. Checking the forums at Reddit or BitcoinTalk can be an excellent way to see if there are worrisome trends regarding an exchange. 

You need to make sure the exchange has the coins or tokens you want to trade. You can find this information on either CoinMarketCap or CoinGecko. They are all easily verifiable on these sites. Also, verify that the exchange allows your country’s currency. 

Another thing to consider is if the exchange has restrictive policies for withdrawal procedures and if the interface is user-friendly. And watch out for those fees - From the trading fees to the deposit and withdrawal fees, they can vary and be quite expensive and certainly add up over time. 

 

3 - Not Securely Storing Your Crypto

There are many stories with unfortunate outcomes simply because crypto newbies chose to hodl and store all their coins on an exchange. It’s been notoriously easy to hack an exchange resulting in enormous losses for the exchange and customers. 

Having a small amount in an exchange is ok, but for people with large portfolios, hardware wallets are recommended and are the safest way to keep your coins from remote attacks by hackers. This is predominantly for crypto enthusiasts who want to hodl their diverse range of altcoins and, of course, for the Bitcoin pioneers that were smart enough to gather their BTC all those years ago. 

Crypto projects built on their own blockchain will have their own wallet apps, which can be considered safe to Hodl and transact. Like ADA on the Cardano Blockchain, ERC20 on the Ethereum Blockchain, and Hivecoin on the Markethive Blockchain. Another big plus for hodlers is that staking is also available via these apps.

 

4 - Not Keeping Backups For Wallets And Exchanges

How many times have you read news about some poor fellow losing his passwords to his wallet and can’t access their Bitcoin fortune? 

It’s crucial to make regular backups of all your seed words on paper. You will also want to make sure that you have backups of exchange passwords and two-factor authentication seeds.

 Are you aware that when activating your two-factor authentication, there is a backup code to reset your two-factor connection if you lose your phone? The only other way to reconnect to a new phone is a complicated and arduous verification process through the exchange.   

So be sure to write down all the codes and phrases in the order they are given to you, and keep them hidden in a safe location. (Don't be like me and forget where you put them :D) Some have even opted to store them in a safe deposit box, especially those with large portfolios.  

 

 5 - Sending Funds To Wrong Address 

Sending crypto to a crypto exchange on an unsupported blockchain is one of the most common mistakes. Too many newbies send funds to the wrong address as they do not check whether that particular crypto is listed on the exchange. 

You always need to make sure that you are sending that crypto to the correctly supported chain. There are also distinct differences in the address of the various cryptocurrencies. Once the funds have been sent to the address, it cannot be recovered in most cases. 

For example, Ethereum: prefix is 0x32Be3, and Bitcoin: begins with the number 1, 3, or bc1. 

Cardano has three types of addresses - Icarus-style: Starts with Ae2, Daedalus-style: Starts with  DdzFF, and the Shelly Era begins with addr1. Notably, Daedalus shows an error message if you input an address that is not valid (for instance, when using an address from a different network.)

It is advised to make a test transaction with a smaller amount to ensure that all is working correctly and that it is being picked up on the other end. 

 

6 - Telling People or The Whole World

Don't tell people how much crypto you hold and that you are invested in crypto. Also, don’t disclose the name of your wallet or where you have your hard wallet stored. There have also been cases of people asking for help on forums revealing their worth. 

Many brag about their good fortune showing screenshots of their wallet balances on social media. It’s surprising how much information can be gleaned from your social media profiles by potential scammers.

Not a good idea - No one needs to know how much you have or where you have it, and when you do this, you open yourself up to a robbery or worse. Have you ever heard of the $5 wrench attack? That’s just one and very real way they can get to you, up close and personal. 

7 - Falling For a Scam 

The most common mistake of them all is falling for a scam. We’ve all been there. But despite how far the crypto industry has evolved, there are still many scams infesting the crypto space. They range from Ponzi schemes to giveaways, pump and dumps to phishing attacks, and that’s another whole other article which I haven't written yet, or you can cut to the chase and watch this. 

Some are blatant and can be spotted easily; others are more subtle and can be very convincing. Like everything else, scammers are evolving and adapting and have even conned people who think they have a handle on these scams and are immune to them.  

All these scams follow are similar modus operandi. They all appeal to either greed or your fear and expect you to make a quick decision without thinking things through, and of course, there will always be newbies that are oblivious or walk around with rose-colored glasses that will be ripe for the picking. 

That is why the next section on DOYR is so critical to your crypto journey. 

 

8 - Not Doing Your Own Research (DYOR)

Not DYOR is one of the most fundamental pitfalls people tend to make and the most underrated investment edge. Most rely on tips from others which can lead to disastrous results. DYOR enables you to take ownership over your investment decisions, and just maybe, you will uncover those hidden gems quietly coming up through the ranks. It also improves your long-term education in the crypto landscape. 

Watching interviews with the founders and CEOs of a cryptocurrency project is an excellent way to understand and measure its potential. Also, reading a company’s blog is usually sufficient to get a sense of being true to its word, transparency, and where the project is headed. Checking out the white paper and road map to see if milestones are being met is also a must.  

What To Look For In A Cryptocurrency Project

To be considered a sound investment, a cryptocurrency must have the following criteria;

• The project has a real-world use case or one that solves a real-world problem.  
• The use case is easy for the average person to understand and see where the value is.
• The project has a functioning product that has seen decent adoption. 
• The crypto must have robust tokenomics and token allocations.

Also, the market cap of at least a few hundred million dollars with good exchange support and ample trading volume once a coin is listed on reputable exchanges. Be mindful, however, that the coins in circulation are distributed across the community, and not held by the founders or a few large investors only. This is generally a red flag. 

Notably, given the various utility and technological advancements of Smart contract coins, they are an extremely viable prospect going forward. 

What To Be Wary Of

Tread carefully with coins that have no purpose for utility. Dogecoin, for example, was created out of a meme as a joke by two guys, Billy Markus and Jackson Palmer. They used a guide they found online on how to clone scrypt based altcoins for fun and profit. 

“The original intent was a parody of all the serious clone coins that were trying so hard to differentiate themselves, but all seemed the same”, Marcus said. He added that it is one of the most volatile assets on the market. 

Community is integral to a project, and although the community has grown with Dogecoin, it seems the main thrust is the novelty and the power of social media and endorsements. Having no genuine use-case gives rise to pump and dumps and chronic manipulation. 

Elon Musk, a recent Doge fan, advocating and tweeting about the clone coin, resulted in a parabolic shift in the price. Since the SNL parody featuring Elon Musk, the coin tanked, revealing the volatility and manipulation whales and celebrities can invoke. 

Charles Hoskinson, CEO of Cardano, spoke about Doge in a recent video and his concerns for legalities and enforcement that can negatively affect the crypto industry due to market mania. 

One of the founders of Dogecoin, Jackson Palmer, left the project, citing his concerns about the space being overrun by opportunists looking to make a buck rather than people investing in evolving the technology.

The Bigger Picture

It’s crucial to take a step back and look at the bigger picture. The cryptocurrency market is still relatively new and has a lot of growth to come. Most of us have missed the Bitcoin bullet train of ten years ago, but there are gems out there going the extra mile, staying a step ahead and constantly evolving with emerging technology, addressing real-world issues that will give you a good return on your investment and make a sustainable, long-standing difference in the global economy.

Not just for the fun of it, but for the good and well-being of all humanity and securing a sustainable and prosperous future.  

 

 

*The information contained in this article is for informational purposes only. It is not financial or legal advice of any kind. 

 

Written by Deb Williams
Chief Editor and writer for Markethive.com, the social, market, broadcasting network. An avid supporter of blockchain technology and cryptocurrency. I thrive on progress and champion freedom of speech and sovereignty.  I embrace "Change" with a passion, and my purpose in life is to enlighten people en masse, accept and move forward with enthusiasm.