Does Hive give loan?
This is a big investment opportunity, a very big booster to this ecosystem. I will be taking time to run through it in this article. The overall growth of the Hive ecosystem centers on what it offers; the more the offers the higher the numbers of revenue income that can be generated. Let’s take for instance, two kiosk shop into the soft drink business, one sells soft drinks only while the other sells both soft drink and snacks. Where do you think there will be a high turnover? The answer is quite simple; the latter has that hedge.
Before breaking further, I just observed something in our banking system. New Internet banks are making a great leap over here. The old banking system is siloed; very rigid and disappointed. ALL they care about is deduct your account for every transaction, SMS charges, ATM maintenance fees and the rest. I talked about investment that are not worth called investment, this is where it is happening.
The level of greed here is unbearable; a 3% ROI annually, I mean, am I looking for survival money. Where will many get the millions to invest and find a good long term compounding interest. How about you taking a loan. Be prepared for paper work and collateral and a return charge that will choke you to the neck.
Indeed, many of this have changed as I said, thanks to new mobile app banking platform.
We are talking of zero charges per transaction, fast and easy sending and receiving of money without all those Network issues. The two features I really want to centre about them is their better APRs and easy soft loans. How about 15 to 20% and loans within few minutes. These two have really drawn SMEs their direction. It is indeed a source of capital boosting. They have greatly revolutionized the traditional banking section. Finally, something that makes me loose more appetite for old banking system. I hardly turn to them for transfer or deposit options. It is just that some of my old-time customers are not too acquainted with internet banking so I can use them in times of code transfer.
These banks have really boomed; I have seen investors flocking their direction. Banking with them automatically makes you a shareholder, the have daily reward systems like 2 to 3% airtime refunds on every purchase using their app. A daily percentage pay of how much is left in your account overnight. It may small but it is something; rewards have a way of keeping customers encouraged. There is a lot to talk about but let me stop there and heard back to how this can also function well in the web3 ecosystem like hive.
I have in several occasions talked about how this ecosystem will need entrepreneurs to boom. These are the set of people that add more value to an ecosystem. My idea is a liquidity pool within this ecosystem that gives out soft loans to investors. It is a matter of finding out what people do, how they can be supported and the loan charge on TOP after a considerable period of time. Take for instance, if there is a liquidity pool that supports entrepreneurs with loans for repayment with 5%, 10% 0r 15% depending on the loan month range (1,2 or 3 months respectively).
sourceOk, lets makes calculation on the 5% in one month. For instance, if $10,000 was loaned out in summated total, what will be the expected returns? $10,500 in 30 days. Increase this soft loan figures to $100,000 or even $1,000,000 and you will see a big game changer here. This is a big revenue. Make this calculation in a year and you will see a ground shift on both price and utility of this token. entrepreneur do business mostly on OPM (other people’s money).
The traditional banking system knows this and have the most of it over the years. I guess it is time for Hive to give the TRY.
I know some pending questions that will surface, how do we trust those we are giving debts in a centralized system. Simple, don’t trust them, trust their stakes. Loans should be given according to locked down stakes. It will be a win-win scenario from what I am seeing. Assuming a certain amount needs to be delegated to a particular account to access this loans, that delegation will be generating rewards for the user due to platform activities. When he is able to repay his loan plus interest, his delegation rewards plus amount will also be forwarded to him. The idea around this is to make external or offline investors fetch offline interest and bring it down here to strengthen Hive price.
I heard someone talking something like this as related to InLeo platform about a future incorporation of ‘inleo merchants’. I feel if what I am suggesting is added up in that section, more revenue will be flocking as it is working on becoming an everything web3 app. Hive inleo and every other frontend surrounding this ecosystem can take advantage of both reward and loan system to grow their platform and boost this ecosystem in general.
In conclusion, let me add, one thing is seeing opportunity, another thing is making the most of it. Can this platform step in to be a competitor to the traditional banking system by offering soft loans that can produce daily revenue. Many are dependent on soft loans daily to pay for an urgent bill, add up to complete a Vacation bill, or better still boost their business returns. The success of this platform will depend on how diversified strategies can all work together to make this ecosystem too relevant to be resisted by upcoming investor. It all about positioning well.
Posted Using INLEO