Hive Investments: DeFi’s Latest Buzz
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The last few months have seen increasing hype and excitement throughout the DeFi space. Hive Investments, the brainchild of a multinational team of professional investors and crypto entrepreneurs, has been drawing interest and speculation throughout the space. With large plans to revolutionize the passive income space, Hive has modeled their passive income platform around long-term sustainability, avoiding the pitfalls of attempting to steal liquidity through ridiculous daily rewards rates.
“When you look at the DeFi space, you see a lot of protocols overextending themselves in an effort to draw funds away from their competitors.” explains Ethan, a former Wall Street quantitative analyst who left his role to oversee Hive Investment’s own treasury. “Our innovation is really in the use of a mix of both quantitative and fundamental analysis to prioritize reliability over quick returns. The investors we hope to attract would rather see yearly multiplication of value that persists for years on end, than a pump and dump protocol that stops existing within a few months.”
Incredible Outlook Ahead
The team is already looking beyond smart investment strategies, though. The core of Hive Investments is a growing ecosystem of interrelated protocols that support each other, all funded with and trading in $HNY, Hive’s native currency. This started with the launch of Hive Academy, a crypto investor education portal that currently offers courses explaining cryptocurrency to those not native in the space as well as more advanced courses on various investment techniques and “DeFi explainers”. These courses are taught by established professionals, including several of Hive’s own Wall Street investment analysts, and offer weekly updates and continuations on their courses.
Next comes Hive International, a department founded with the express purpose of reaching foreign audiences. Starting with Chinese, they have translated all documentation for Hive and are in the process of multicultural marketing. “The purpose is really to become a global organization, and that starts with helping those in other countries understand the promise of cryptocurrency. It’s also about offering an easy starting point for the unbanked and those without access to traditional financial institutions,” explained Pascal, the head of Hive International. “By making our marketing and our academic courses multilingual, we can reach new markets that offer ripe opportunities for expansion.”
Launching shortly is Hexagon, Hive Investment’s premium NFT marketplace on Polygon. OpenSea, the frontrunner in the Polygon NFT space, actually routes all sales through the Ethereum network. This results in much higher gas fees and significant inefficiency as compared to a Polygon native network. Additionally, curated content as well as permitting sales of ‘utility NFTs’, including those producing passive income, sets Hexagon apart from its competitors on the Polygon network.
“Ultimately, our goal is to continuously expand our ecosystem,” explains Josh, the CEO and cofounder of Hive. “By doing so, we drive utility for the $HNY token as well as increase our revenue streams. Each of these things have positive effects for both holders of our NFTs, and also those who purchase $HNY as an investment.” Hive Investments will be launching within a week on Polygon. Please see their detailed whitepaper for more information about the business model and future outlook.
