What is Hiveterminal Token (HVN)?

Hiveterminal is a liquidity platform that helps small and medium enterprises access instant capital growth. Hiveterminal aims to make financing such as invoice factoring easily accessible to every company. The Hive platform allows businesses to connect, encrypt, and upload received and issued invoices. The businesses can use invoices that can be traded or used to build a transparent financial track record. 

According to its whitepaper, the Hive ecosystem uses Ethereum blockchain technology and smart contract to assign a unique fingerprint to every invoice by tokenizing and publishing them on the blockchain. Blockchain technology with smart contracts automates the invoicing process of businesses and takes the assistance of factoring services. Hive is a decentralized data room for all invoices submitted, each of which has a unique record for the issuer, owner, and payer. 

The Hive platform offers the following services for SMEs:

• Liquidity within 24 hours- users get paid if they have money in their account

• Up to 99 percent of the invoice amount- receive the almost entire amount of your invoice immediately. When the invoice is uploaded to the platform, the user will receive an accurate assessment. 

• Accessible and fully online- the Hiveterminal platform is available to users and companies 24/7

• Low fees- transparent and straightforward fee structure. Charge subscription fees from invoice sellers and a commission from the invoiced buyer. 

The HVN token is the native token of the Hiveterminal platform. Hiveterminal allows token owners to claim right over invoices on the Hive platform. The platform offers a credit score for certain entities to token holders for having a remarkable financial track record on the Hive blockchain. Users must trade HVN tokens to Hive Foundation to claim ownership of an invoice they financed and acquired. 

History of Hiveterminal (HVN)

In 2017, Hiveterminal was founded, and the whitepaper was published. Bonart Mari is the CEO, and Gal Jakic is the CTO.