Discover The Markethive KEY Validation Protocol And Unparalleled Reward System

The Know Your Customer (KYC) process is a crucial requirement within the Markethive ecosystem and is essential for accessing the platform's features and benefits. However, a growing faction of freedom lovers who value autonomy and privacy, especially in the cryptocurrency sector, has expressed reluctance to comply, citing concerns about government overreach and the erosion of personal freedoms. This viewpoint has merit and prompted Markethive to implement the KEY Validation protocol, which differs significantly from current financial industry practices.

This article outlines the legacy of KYC regulations in the financial industry and explains why the centralized cryptocurrency industry must now comply with these laws. Additionally, we highlight Markethive's innovative approach to this type of validation, outlining its distinct features and how it benefits both the individual and the broader community.

A Historical Look At The KYC Regulations 

KYC regulations trace their origins to the 1970 Bank Secrecy Act (BSA) in the United States, enacted to combat money laundering. The global financial crisis of 2008 and subsequent regulatory reforms, along with heightened security concerns following the 9/11 attacks in 2001, have driven the development of stricter regulations aimed at preventing financial terrorism.

A robust Know Your Customer (KYC) framework for financial institutions requires verifying a customer's identity using personal details such as name, address, and identification documents. It also involves understanding the customer's intended activities, including the source and destination of funds, and evaluating the customer's potential money laundering risk by monitoring account activity.

Source: KYC in Crypto 

KYC in the Cryptocurrency Sector

Regulators worldwide are increasingly focusing on the cryptocurrency industry. In 2019, regulatory bodies such as the SEC, FinCEN, and CFTC classified cryptocurrency exchanges as money service businesses (MSBs). Consequently, these exchanges must comply with the Bank Secrecy Act of 1970's KYC and Anti-Money Laundering (AML) rules.

KYC is required on almost all centralized crypto exchanges. By verifying a customer's identity, KYC in crypto aims to prevent illicit activities such as money laundering, terrorist financing, and tax evasion. While some exchanges may allow account creation before KYC is completed, these accounts typically have limited functionality until the verification process is finalized.

Various exchanges have different procedures for customer verification. Some may restrict activities such as buying cryptocurrency or withdrawing funds until KYC is completed, while others may impose deposit limits. KYC requirements vary across crypto exchanges but typically involve providing personal details, including full name, date of birth, address, and a government-issued ID, such as a driver's license or passport. Some also request additional identification, such as a utility bill and a selfie with your ID details and signature.

The inherent characteristics of a decentralized economy, often found in the crypto industry, conflict with the principles of KYC regulations. Decentralized systems are designed to enable users to maintain their anonymity and keep their personal data confidential, shielding it from centralized oversight. As a result, many cryptocurrency companies are unable to verify their customers' identities.

However, regulators have become increasingly dissatisfied with the status quo, prompting even the most resistant cryptocurrency exchanges to implement stricter KYC protocols despite concerns about user anonymity, in response to mounting pressure from authorities.

Notably, decentralized exchanges (DEXs) are currently exempt from Know Your Customer (KYC) obligations. This exemption applies to any entity that facilitates trades through self-executing smart contracts, thereby bypassing traditional centralized trading platforms. As a result, these platforms are not bound by existing regulatory frameworks because they do not act as intermediaries or counterparties in transactions. Instead, users interact directly with one another via the DEX's infrastructure.

Markethive’s KEY Validation Is Unique.

Markethive is a pioneer in decentralized social media, inbound marketing, and broadcasting networks within the crypto industry. Its ecosystem is driven by its crypto, Hivecoin, which individuals in the Markethive community hold in their portfolios and use for transactions and commerce. Moreover, as with all transactions, dividend/interest payments from the Initial Loan Protocol (ILP) to Entrepreneur One (E1) associates are credited to their Markethive wallets, making them valuable and opportunistic for nefarious activities; hence the need for the KEY Validation protocol.

Markethive is in a fortunate position and has found a solution to the pervasive overreach of so-called governing bodies’ prying eyes into what should be our financial autonomy. Markethive's KEY Validation approach is distinct, innovative, and independent of government oversight. 

Unlike traditional regulatory requirements, our protocol prioritizes user autonomy and confidentiality. We don't share your information with government agencies or regulatory bodies, ensuring your data remains private and secure. We prioritize your privacy by keeping all data and transaction records safe within Markethive's highly sophisticated vault, which also serves as your cryptocurrency wallet and financial accounting system.

Markethive operates on a dual principle: Reach and Return = R². This indicates that Markethive offers robust broadcasting capabilities alongside tools to cultivate customers, clients, and leads, ultimately delivering significant returns on your investment, time, and qualification. 

The key distinction of Markethive from other platforms is its secure, distributed environment, where everyone is verified through the KEY protocol. This KEY system serves as a Qualification that boosts the returns on your efforts, work, and investments. In contrast, Markethive’s à la carte subscriptions offer enhanced broadcasting capabilities, resulting in a broader presence and greater reach across the internet. 

The built-in recording apparatus in the Markethive Vault in the Security tab

Initiating Your KEY Qualification

To verify your identity, the primary KEY is a brief video that includes a recording of your chosen form of ID (e.g., a driver's license), a handwritten note citing Markethive, the date, and your signature, along with a personal introduction and a short explanation of how you discovered Markethive or what motivated you to join. You can easily record this video directly within your Markethive vault, which has a built-in recording feature.

The camera activates only when you press “Start Recording," giving you ample time to prepare. This feature is beneficial. Your brief selfie videos are encrypted and securely stored in the Markethive database and are used solely for account recovery. 

The stored video can verify your identity if you misplace your device, and the 2FA app is required to access your Markethive wallet or other 2FA-enabled services. To regain access, simply create a new video explaining the situation and requesting account restoration. An external support messaging service will be designated for this process. 

Once you've uploaded the video, please verify your name, address, and phone number on the Data Confirmation screen. Your address allows us to send you exciting Markethive merchandise, including hoodies, coffee cups, and even physical Hivecoins!

The video and the credit or debit card payment method for your selected KEY level will be sufficient for identification; no further official documents are required. However, you can upload a document if you wish. Alternative payment options, such as Google Pay and Yandex Pay, will be accepted for those without a traditional payment card, or you can fund your account with BTC. 

On the Markethive platform, users can opt to maintain their anonymity by using a pseudonym and avatar. However, the platform's Hivekey Validation verifies their identity behind the scenes. A key badge on their profile publicly indicates their KEY-verified status, so members will know they have completed the Hivekey Validation protocol and are genuine. 

By incorporating a video recording and upload feature in the Markethive vault, enabling 2FA, and using Social Network OAUTH during initial registration on the Markethive platform, we help ensure authentic individuals. This multi-layered verification process ensures genuine individuals interact on the platform rather than fake or fraudulent accounts.  

The KEY Application Center 

The Markethive ecosystem for entrepreneurs is fueled by its crypto, Hivecoin (HVC). Whether you're new to the crypto industry or a seasoned crypto enthusiast, you have a variety of avenues to explore when looking to acquire HVC tokens. 

Markethive has implemented a unique, tiered qualification system that allows members to choose from the various eligibility levels by purchasing a qualification package. This initial purchase serves as a gateway into the HVC ecosystem. Depending on your chosen package, you unlock multiple benefits, including airdrops and bonuses that grant additional HVC tokens. The more you invest in your qualification, the more benefits and tokens you receive, creating a system that rewards long-term engagement and commitment.

The KEY Qualification Levels

Beyond the free options like “NonKee” and "Freebee," Markethive provides five different entry levels. Once approved, each paid level confirms your account and grants you access to various rewards and thank-you bonuses. Importantly, your selected KEY level activates the micropayments system and determines the value of the rewards you receive.

The value you receive from the KEY Validation process at all levels far outweighs the cost. It is an excellent way to kick-start your entrepreneurial journey with Markethive and acquire Hivecoin and ILPs. The two top levels essentially render you a shareholder, where you receive a significant portion of Markethive’s net revenue paid monthly into your wallet. 

NonKee: $0.00 / No KEY Validation limits.
NewBee NonKee. Limited words per News Post. Limited words in comment posts. No access to marketing tools. Entry restrictions to Super Groups. No airdrops, no Promo Code drops.

1. No yearly Markethive Credit drops.
2. No access to marketing tools
3. No faucet micro payments
4. Limited News Feed Posts
5. No Hivecoin Wallet access

FreeBee: $0.00 / Video validation required and approved.
Activates all Inbound tools, Profile Page image upload, blogging, etc., for 30 days.

1. 5 MHV tokens bonus on new referrals
2. No Hivecoin yearly bonus
3. No Markethive Credits yearly
4. Free Automated Tools for 30 days
5. 1% of faucet micro payments for 30 days
6. Unlimited News Feed Posts
7. No Hivecoin Wallet access

Copper: $5 / Yearly - Pay via CC or Crypto

1. 10% matching bonus for all future sign-ups
2. $1 in Hivecoin yearly bonus
3. $10 Markethive Credits yearly
4. 10% of future Coin Airdrops
5. 10% of future Promo Code Drops
6. 10% of faucet Micropayments
7. Activates Limited Cold Storage access
8. Activates Wallet Sending Feature (Limited)

Nickel: $50 / Yearly - Pay via CC or Crypto

1. 25% matching bonus for all future sign-ups
2. $10 in Hivecoin yearly bonus
3. $100 Markethive Credits yearly
4. 25% of future Coin Airdrops
5. 25% of future Promo Code Drops
6. 25% of Micropayments
7. Activates Cold Storage access
8. Activates Wallet Sending Feature

Silver: $500 / Yearly - Pay via CC or Crypto

1. 50% matching bonus for all future sign-ups
2. $100 in Hivecoin yearly bonus
3. $500 Markethive Credits yearly
4. 50% of future Coin Airdrops
5. 50% of future Promo Code Drops
6. 50% of micro Payments
7. Activates Cold Storage access
8. Activates Wallet Sending Feature (Unlimited)

Gold: $5,000 / 5-yearly - Pay via BTC only

1. 100% matching bonus for all future sign-ups
2. $1000 in Hivecoin yearly bonus
3. $1000 Markethive Credits yearly
4. 100% of future Coin Airdrops
5. 100% of future Promo Code Drops
6. 100% of Micropayments
7. Receive 1/10th ILP 
8. Activates Wallet Sending Feature (Unlimited)

Platinum: $50,000 / Legacy - One-time payment - Pay via BTC only

1. 200% matching bonus for all future sign-ups
2. $20,000 in Hivecoin yearly bonus
3. $2,500 Markethive Credits yearly
4. 200% of future Coin Airdrops
5. 200% of future Promo Code Drops
6. 200% of Micropayments
7. Receive 1 ILP 
8. Activates Wallet Sending Feature (Unlimited)

Achieving a higher qualification status offers a greater return on your investment. Furthermore, it can reduce costs associated with your Markethive product and service subscriptions, thereby significantly expanding your reach. The annual KEY protocol is the process used to confirm member status. Ultimately, you are free to choose the KEY level for your ongoing qualifications.

The Promo Code Reward System

An added bonus is the Promo Code reward system, unique to Markethive. The KEY login process serves as a gatekeeper, allowing everyone to enter Markethive. However, to unlock the full potential of the Promo Code rewards, users must complete the KEY Validation process, confirming their authenticity as community members.

Upon joining Markethive via a referral link with a Promo Code, new members receive a complimentary package of exclusive benefits and perks. This welcome bundle may include complimentary Wheel of Fortune spins, free Boosts, a 30-day trial of the Premium Upgrade, banner impressions, Markethive Token Airdrops (MHV), or a redeemable value of Markethive Credits (MHC). 

After registering with the provided Promo Code, users will be prompted to complete the KEY Validation process at their first Markethive login to unlock the benefits associated with the Promo Code. New users have a 30-day window to complete the KEY validation process and will receive reminders at each login. 

Completing this protocol unlocks a range of exclusive products and services, enabling new members to experience the platform's diverse offerings. This innovative approach benefits both the individual and the broader Markethive community. Certain Promo Code offers include referral incentives, where the referrer can earn matching bonuses. 

After approval, a pop-up will show you the benefits of the Promo Code. It will also indicate your entry level and outline the bonuses available for micropayments and airdrops.

Conclusion

In summary, Markethive is about building a robust, genuine environment that rewards the community for active participation. By completing the KEY Validation process, members are verified as real individuals, ensuring a secure environment for communication, social interactions, and business interactions within the Markethive platform.

The purpose is to create an active, dynamic, and secure “hive of people” with an entrepreneurial spirit, both in the entrepreneur set and its subsets, fostering a culture of positivity rather than negativity and dishonesty. This community is characterized by love and stands in stark contrast to the current fear-driven society.

It is not the “cancel culture” prevalent on legacy social media, but a meritocratic, autonomous culture with a sense of humor where everyone enjoys what they do, far removed from the oppressive tyranny that has engulfed the world. We are a community dedicated to seeking and proclaiming the truth, guided by a Divine vision that empowers us to build a strong economic framework. This framework enables us to overcome the forces of elitism and oppression.

Markethive has achieved a unique balance between confidentiality and openness. Our secure vault protects your verified identity and offers an avatar feature to maintain your anonymity on public newsfeeds. Meanwhile, our blockchain-based, cryptocurrency-powered ecosystem ensures a transparent and trustworthy economic environment.
 

Discover The Markethive KEY Validation Protocol And Unparalleled Reward System: Markethive Free Inbound Marketing Social Network

 

Markethive | KYC, WALLET, MHVcoin - Your Questions Answered

As we move closer to one of the most significant milestones of Markethive yet, I would like to touch on a few topics that the more recent members of Markethive may not know or be aware of.  Questions and queries are continuously being asked about subjects relating to KYC, the value of our coin (MHV), and exchanges.  

Below, I explain some critical factors and clear up some misinformation and assumed expectations of a few that may have been misled. 

What Is KYC? (Know Your Customer)

"Know Your Customer" (KYC) refers to detailed and authenticated information required by banks and financial institutions and first introduced in the 1990s. Today it's applied to a wide range of business sectors, especially online businesses.

According to Wikipedia, Know Your Customer (KYC) is the process of a business verifying its clients' identity. KYC policies mandated by regulators globally are becoming progressively essential to prevent identity theft fraud, money laundering, and terrorist financing. 

The process was once a simple one but now becoming an expensive nightmare for organizations and their customers due to compliance costs and the increasingly long time to complete the customer onboarding process.

As more companies begin to intensify their customer identification security policies, technology has provided us with biometrics for KYC management. The use of biometric identification management technology for accurate customer identity verification has proven to deliver efficiency and convenience for organizations and comply with government regulations to prevent identity theft and money laundering. 

Biometrics use intrinsic data, allowing for immutable identification and verification of people, and is fast and straightforward. Like face recognition and fingerprints, this inherent data is the way to go when accessing wallet apps on smartphones. 

The Genesis Of MHV Revisited 

Let's revisit for a moment a little bit of the history with the Markethive Coin. Established in 2018 with the micropayments faucet system released in January 2019 into the Markethive system. In March 2019, Markethive took the next step and listed MHV onto its first exchange, Raisex.io, and was subsequently listed on coinranking.com, a cryptocurrency information site. 

However, it wasn't long after the raisex exchange collapsed, but MHV is still listed on the Coinranking info site. Coinranking insists on keeping MHV recorded while Markethive moves forward to establish MHV on more high profile coin exchanges. Coinranking will then show MHV as listed on these alternate exchanges, and the actual value of MHV coin will be realized.

The Value Of MHV

Right now, MHV's price is coinciding and fluctuating with the price of Bitcoin and, as explained above, is a failed report of a dead exchange, so for the benefit of the newer members, it's currently not listed on a live exchange to date. The value of MHV can not be officially determined until our wallet is released and the exchanges we will be listed on have achieved equilibrium. In other words, demand and supply are considered to be in a steady-state.
 
Currently, MHV can only be utilized internally with the Banner Impressions Exchange (BIX), whereby you can purchase impressions with MHV. Or if a Markethive Associate offers a product or service accepting MHV as payment. There will be many services and products (such as The Blast, to be released soon) that you will be able to purchase with MHV and only with MHV, including ILPs. It's what an ecosystem is all about. 

When the Markethive multi-purpose wallet is rolled out, along with the exchanges, Markethive will be listing its coin on (to be announced) will mean you can buy and sell MHV, thereby creating equilibrium and value in a free and open market. 

What Are You Waiting For?

Every savvy online entrepreneur knows that when it comes to technology, setting a deadline or an actual date for the release can be misleading and is difficult due to its complex nature; however, we can project a timeline. The Markethive Wallet and exchanges are on the table, ready for release when the timing is right, as there are numerous facets to consider. 

Instead of waiting to join Markethive until the wallet is released or proven, join now and be ready. A growing number of social media users and marketers are fed up with the likes of mainstream social media with their dubious agendas and the tyranny it continues to dish out. Also, paying way too much for access to expensive SaaS marketing platforms. 

All should embrace Markethive and accumulate as many MHV as possible before its debut on the worldwide free market. It's close and will be an opportunity for long-term prosperity, so you won't want to miss out. 

First, receive the MHV coin airdrop for just joining Markethive. Next, refer three people to activate your micropayments and earn MHV for every activity you perform on the Markethive platform after that. 

That's a great start; then, by taking the time to learn how the blockchain-driven social media and inbound marketing market network works, you will be busy, having fun in the collaborative, free-thinking environment while earning income! 

Instead of giving away your content and hard work to the social media platforms that make money off you, why not have the platform pay you? That's what you get from Markethive, along with all the tools you need to build your business and acquire a brand presence. 

The author of this article, Facebook Is Dead (It Just Doesn't Know It Yet) just about sums up the current state of mainstream social media and opines in no uncertain terms the way he feels. Jared A. Brock is on the right path when it comes to new opportunities and next-gen platforms. He's just not aware of Markethive yet, but he will be. 

 

 A Visionary's Life's Work With A Mission At Markethive

CE0 & Founder of Markethive, Thomas Prendergast, a passionate Entrepreneur by nature, declared,

 "I'm put on this earth to empower and bring prosperity to every living soul with a purpose. Even if that purpose is only to be free from the shackles of the Social Media tyranny we all face, this is a new era with the evolution of technology. It is the next generation of Social Media and Market Networks." 

 Mr. Prendergast added,

"I am fully committed to building the members of Markethive into huge success stories. This is my way of helping make this world a little bit brighter and helping the struggling entrepreneur to have a lot more advantages to reach their goals".

 
The Release Of The Wallet Will Be In Stages

The wallet will be released in four phases: (The first phase is projected to roll out sometime this month.)

Phase 1: The Entrepreneur One associates will have access to their wallets with no limits on transactions or the number of MHV coins per day.    

Phase 2: The Apprentice Membership associates wallets, limited transactions - to be advised 

Phase 3: Activated free members wallets, limited transactions - 1 MHV coin per day

Phase 4: Entry-level free members wallets, limited transactions - 0.1 MHV coin per day. 

All members will be required to submit and be approved via a KYC process (Know Your Customer.) For free members, that will incur a cost of US$20. 

The above schedule is subject to change and is required to protect Markethive and its coin from shills and pump and dump scenarios. 

Markethive is an ecosystem for entrepreneurs, not a pump and dump, like so many speculative coins on the market, with numerous failing miserably due to the lack of protocol and integrity. 

 

The Apprentice Program And The Unleashing Of Markethive

The Apprentice Program is just about there, ready to be integrated into the Markethive system, which means free members can go to the next level at a minimal cost and have access to more services and be ready for the Phase 2 wallet release. 

The Apprentice membership is for the masses, aspiring entrepreneurs, and marketers looking to earn an income in a meritocratic and sovereign environment. 
 
Markethive's multidimensional wallet is a POS wallet, a Mining Wallet (through MH faucet systems and Bounty Program), a private KYC/AML authentication provider, and a secured messaging system - ALL IN ONE.
This multidimensional wallet will not only preserve, protect and grow your coins through a Proof of Stake function, but it will also provide you 100% control of your private KYC/AML (Know Your Customer/ Anti-Money Laundering) information. It is also a secure messaging portal. 

This multi-functional wallet is part of Markethive's proprietary Intellectual Property. 

Within the local and app-based wallet, you will store MHV coins and other top coins like BTC, ETH, etc. You will also be able to upload your KYC documents into your device and only release a READ ONLY view of them at authentication time, with your approval; 100% under your control. 

Markethive will never store your private information; an authentication code will be held in Markethive's Blockchain. The secure messaging portal will also be integrated into Markethive's cloud ecosystem and take full advantage of the groups and folder technology.

 
 
Culture Of Integrity

What we are building here in Markethive is a culture of integrity, eliminating duplicate or fake accounts and hackers. Furthermore, as Markethive is built on the Blockchain it's not centralized information. 

Once the system has verified you, your information is placed in your wallet, and only you receive the Key to that wallet. It belongs to you, and no one else has access to your information or MHV coins you accumulate by using the platform, including Markethive - the company.  

When Markethive implements the wallets, the KYC protocol will be mandatory for every member. In the past, for any company, it was commonplace for us to scan and upload a utility bill, passport, or drivers' license when asked for verification. Organizations in the online world now require a much more verifiable course of action.

A photo with you holding your drivers' license or some form of identity card and a signed piece of paper with Markethive with the date written on it next to your face is a foolproof way to authenticate. It will secure your identity, account, and any transactions you administer within the Markethive system. 

A video stating who you are may be implemented and will be another level to the whole KYC process, ensuring your peace of mind and Markethive. 

 
Conclusion

Implementing live and recorded video calls while scanning and comparing photo ID (govt identity cards, passport, utility bill, and bank statements) between you and Markethive adds a verification level. When combined with the SMS code and Social Networked OAUTH that was executed when first registering to the Markethive Network, delivers a real person, not a clone or a fake sock puppet. 

This more in-depth KYC protocol is a step up from web 2.0. It is the next generation where privacy, security, and autonomy are of the utmost priority, with Markethive leading the way on its mission to deliver a Social Market Network of the highest integrity. 

There's still time to upgrade to Entrepreneur One and be privy to the complete Markethive system that can be described as a cottage industry with money machines that champions everything else out there. You will be one of Markethive's early adopters and have a rare opportunity to cement your future of self-sovereignty. 

Come with us as we make our way through the final stages of BETA, building the foundation and on the road to realizing the full potential of Markethive and you. 

 

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.