Dear friends, I am going to start a series of blogs, in which I want to proudly talk about the ecosystem blockchain of Elrond and its advantages over others.
First I want to share with you the new exchange from Elrond Maiar Exchange, or MEX for short, this new exchange platform of the Romanian company Elrond Network, was launched on 19 November 2021 and presents a lot of opportunities for crypto investors. Those who know the Elrond world know that Maiar Wallet is a crypto wallet and a secure platform for payments or money transfer, Maiar is the first Romanian electronic wallet. This e-wallet is based on the Elrond blockchain.The big change is that Maiar is not only a simple wallet but an exchange with special functionalities.
The Maiar Exchange platform opens a new, significantly more efficient way to change peer-to-peer (P2P) value. Anyone will be able to trade digital assets and assets, instantly and at negligible costs. This is the beginning of a new era for digital finance, said Benjamin Mincu, CEO of Elrond Network.
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Maiar has global coverage, except for countries with a crypto ban this e-wallet works on any phone, be it Android or iOS.
After this short introduction let's talk about what is MEX and how you can you use Mex to make money .
MEX is a DEX, meaning it is a decentralized platform that will allow crypto trading at very low costs
MEX cryptocurrency is the basic currency of the exchange.604 million MEX coins (out of a total of one billion) were distributed to users between April and July, for 12 weeks, to those who owned the EGLD cryptocurrency as follows:
Week 1: 201,600,000 MEX
Week 2: 151,200,000 MEX
Week 3: 100,800,000 MEX
Week 4: 50,400,000 MEX
Week 5: 25,200,000 MEX
Week 6: 20,160,000 MEX
Week 7: 15,120,000 MEX
Week 8: 10,080,000 MEX
Week 9-12: 7,560,000 MEX
The platform offers the possibility to have cryptocurrencies at staking ensuring them a passive income.
The platform is entirely on the Elrond blockchain, which means that the exchange will benefit from the technology facilities like Very high speed , Maximum Security
Swapping means that you will be able to exchange one cryptocurrency for another. This mechanism is very simple. The moment you switch to EGLD in MEX, this conversion takes place inside the application in a Liquidity Pool and no other participants are involved, so the speed is extremely high.
What cryptocurrencies are available in MEX Since the launch of Maiar Exchange, 3-currency transactions (EGLD, MEX, BUSD, wUSDC) are available, and more currencies will be added.
What are Liquidity PoolLiquidity pools are reserves of tokens available to users with whom they can swap. These tokens are also made available by certain users (a kind of Staking), and they will receive a percentage of the transaction fee, so a passive income. Users have the right to withdraw their
coins from the liquidity pool at any time
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Liquidity providers are incentivized for their contribution with rewards. When they make a deposit, they receive a new token representing their stake, called a liquidity pool token or LP token.
The share of trading fees paid by users who use the pool to swap tokens is distributed automatically to all liquidity providers, proportional to their stake size. There is a 0.3% fee for swapping tokens. The Maiar DEX economics model will be as follows: 0.3% will be the basic fee, from which 0.25% goes to the liquidity providers, and for the remaining 0.05% the contract will buy MEX from the EGLD/MEX pool and burn it.
Swapping fees are immediately deposited into liquidity reserves. This increases the value of liquidity tokens, functioning as a payout to all liquidity providers proportional to their share of the pool.
On Maiar DEX, LP tokens can also be staked in a staking pool specific to each liquidity pool so that even more rewards are earned in the form of MEX tokens , a liquidity provider will earn rewards from 2 streams: the fees from the LP and MEX for staking the LP token in a staking pool.
Keep in mind that the LP token is very important. In order to withdraw the stake in the liquidity pool, you need to provide the LP token.
Lets talk also about Farming
Farming is an incentive for users to store their coins in liquidity pools they generate yield for liquidity providers that stake the LP tokens. They are meant to incentivize long-term liquidity by providing an additional revenue stream for providers. The rewards for farms are usually provided in MEX tokens, but special farms with dual token rewards can exist. They can "block" their cryptocurrencies for a while and will benefit from commissions in MEX, a kind of interest
t.
Liquidity providers can use farms by staking the LP tokens obtained from providing liquidity in a pool. After doing this, MEX rewards will periodically become available for harvesting. The rewards can be locked for 1 year for 2x APR.
in the next blog I will talk in detail how to farm MEX ,I will explain in detail the whole procedure it will be like a short tutorial
Lucian Todea Co-Founder And COO Of Elrond And Maiar – The Serial Entrepreneur And Humanitarian
The Serial Entrepreneur And Humanitarian Improving And Enriching People’s Lives.
Completing the trinity of co-founders at Elrond is Lucian Todea, bringing his skill set to the table serving as Chief Operating Officer (COO). He is the epitome of entrepreneurship and an active investor in startups and the Blockchain space, with more than 15 years of experience in technology-related businesses. This article will highlight Lucian Todea’s achievements and essential role at Elrond.
Who Is Lucian Todea?
Lucian Todea is an entrepreneur, angel investor, and technology industry executive with significant experience spanning operational practice, business development, general management, and leadership. With his international savoir-faire, he has many accolades to his name.
Working alongside Beniamin Mincu and Lucian Mincu, he complements the humanitarian ethos embedded in the Elrond culture and narrative.
Passionately cited by Lucian Todea,
“Technology was never about technology, but about improving and enriching people’s lives.”
Lucian Todea is from Sibiu, Romania, and attended The Bucharest University of Economic Studies for three years from 1999, specializing in Finance, Insurance, Banking, and Stock Exchange. In 2001, at the age of 21, Lucian launched his first website as a student, initially called softrom.ro, and was addressed exclusively to the online market in Romania.
"I created Soft32.com out of passion and just to ensure an extra income during my student days, the initial investment being only $ 3 a month, which is the Internet connection subscription. I started with 200 programs, and now the number theirs is 100 times bigger ", stated Lucian Todea.
The portal was later renamed Soft32.com, and the English version was created to attract users globally. In 2002, Lucian decided to drop University to build and expand the Soft32 distribution platform.
It consists of many software applications (freeware, trial, or shareware) for Windows PC and Linux, Unix, Mac, or Apple users. It is one of the most popular download platforms in the world. It has since become internationally renowned, and at its high point, Soft32 listed more than 150,000 apps and was visited by more than 10,000,000 users each month.
As a result, Lucian took the first step towards entrepreneurship in 2003, launching the company ITNT, and is the company behind Soft32. After only three years of existence, ITNT has become one of the leading companies of its kind in the region.
According to the Business Directory of Romania (2006, 2007, 2008, 2009, 2010, 2011, 2012), it is “a big player in the economy.” In 2014, and 2016, it was acknowledged by Deloitte Technology Fast 50 as one of the fastest-growing technology startups in the Middle East, Africa, and Europe, respectively.
Lucian Todea- The Serial Entrepreneur and Angel Investor
Lucian is a serial tech entrepreneur and is actively involved in various other technology and blockchain projects. He is either a founder or partner in technology startups such as mobile payments (Mobilpay), travel (Travelgator), and mobile advertising (Mobaba).
As an angel investor, he invested in several companies, including;
Smartbill – The most used Romanian invoicing and accounting SaaS platform.
TypingDNA – (Techstars NYC'18 Company) offering typing biometrics and 2FA solutions for securing devices and web applications.
Homefresh – The pioneer meal kit delivery service.
MPV Fund – A micro-financing business angel fund that targets the best tech startups in Romania.
He is also a mentor, advisor, and member of MVP Academy, MVP Angels, TechAngels, VentureConnect, How to Web/Startup Spotlight, InnovationLabs, etc., and states on ICO Bench, “On my way to unlock the best version of myself.”
As Lucian was wholeheartedly focused on his career for many years, there was little time or inclination for exercise or sports. Twenty years prior, he was adept at swimming and athletics, but being sedentary for an extended period brought about a fundamental change, and in 2015, he decided to participate in marathons.
Lucian became addicted to exercise again after successfully finishing a half marathon in 2015. He then competed and finished in the Half-Ironman in Barcelona in 2016 and went to the full Ironman in 2017 in Austria.
From the time he ran his first marathon, it rekindled his love for sports, and it became clear to him he needed to keep moving and take on new challenges, more extensive and harder to reach.
In a 2017 interview, Lucian said that the idea of preparing for something that seemed impossible was enough to motivate him to start training for Half-Ironman, then for Ironman.
When asked how does he find the time, Lucian replied,
“Once exercise and sports are part of your daily routine, and you get to enjoy what you do, finding time is not such a big deal. Priorities change much easier if we really want to find the time.”
Lucian is very active on Twitter and LinkedIn, keeping his followers updated with the latest acquisitions and partners to the Elrond Network, with a strong focus on The Maiar DEX and Maiar digital wallet and global payments app.
Lucian Todea – The Empath
Although he is a lover and architect of emerging technology, his empathy towards the human factor drives him to create a human-centered system of self-sovereignty, data, and privacy protection. – A simple design and protocol for the regular person to understand and easy to use: the fewer steps one needs to perform, the better.
Today, in our techno world, the internet and smartphones have become an essential part of living, but cyber security is an escalating problem that is alarming and overwhelming for most. Plus, the data giants relentlessly mine, harvest, and track users throughout their entire online experience and their movements in the physical world through the use of their mobile devices.
Free to use social media companies are renowned data-giants that control immense monopolized silos of user data valued at trillions of dollars of market capitalization of which is auctioned off to the highest bidder with little concern of how the information could be ultimately used to commit identity theft, stalking, or industrial espionage.
Lucian believes the problem with the current status quo is that so few of the general populace understand the technology they are using. He believes education is key to expanding the technical literacy of the general public, so citizens can have a basic understanding of how the technologies around them operate. Not just so that they can use these tools to their full advantage but also so that others cannot take advantage of their technological ignorance and harm them.
“We have a literacy problem around the world, and it’s not the one most think of. It is the problem of technical literacy. In a world replete with gadgets, algorithms, computers, wearables, RFID chips, and smartphones, only a minute portion of the general population has any idea how these objects actually work.
Those who know how to code will hold power over those who don’t in the same way that those who could not read and write in the last centuries found their opportunities limited.”
Elrond and Maiar address the issue designers of security products and systems have when communicating with their users. It’s a matter of having an intrinsic understanding of how people interact with computers and smartphones. Lucian opines that new opportunities for innovation open up when you start the creative problem-solving process with empathy toward your target audience.
In the video below, Lucian Todea introduces the Maiar smartphone app designed to be simple and a completely reimagined way to interact with money.
Lucian emphasizes,
“We, at Maiar and Elrond, envision a future where your login is your wallet, that encapsulates your digital identity (and aliases), protecting your privacy by default and by design through a combination of multifactor authentication and biometrics and blockchain security and crypto-economics mechanisms.”
Transitioning To A More Sovereign Web 3.0
Blockchain technology is the underlying infrastructure of cryptocurrencies and distributed data systems. The technology makes it possible to achieve a sovereign and autonomous landscape, and decentralized identity, not controlled by a centralized authority rampant with surveillance techniques, data harvesting, and tyrannical censorship.
Lucian Todea and his team at Elrond and Maiar are committed to bringing an uncomplicated user interface, economic incentives, and a new wave of applications built focusing on empowering privacy and agency by default for every individual. Maiar and Elrond stand as foundational layers to accelerate the transition and be an active part of the solution.
To transition to a new web era and solve the fundamental issues currently plaguing existing platforms, there needs to be a change in the basic structures we have in place, enabling a shift to more human-centric computing and the rise of the sovereign individual.
Lucian states,
“The rise of the sovereign individual can be achieved through a decentralized identity, the general idea being that users could store identity information on the blockchain, and their permission would be required for third parties to access it. This stands in contrast to the status quo, where data is held at countless third parties and regularly obtained without the user’s knowledge, much less consent.
Permission-less programmability, compounding programmable and economic incentives, and strong underlying network effects governing blockchain architectures are the key elements that can be the building blocks of a new, better, and safer web. While it may be impossible to “live off the grid” in today’s modern world, we can, by all means, design a system that is much more protective.”
Claiming Back Our Privacy And Sovereignty
Both Elrond, as an internet-scale Blockchain and Markethive, the blockchain-driven social media, marketing, and broadcasting network for entrepreneurs, is concerned for those who suffer the economic and social harms from leaked data and lack of ownership of proprietary content.
The massive amounts of data and information garnered by the tech giants have enormous consequences for the user. Information is being used in ways not disclosed initially or even worse to control our behavior and decisions.
They say it’s to give us a better user experience. In fact, Facebook, Google, et al. are incentivized to gather an escalating amount of personally identifiable data and sell to thousands of data brokers globally at a profit. That is their business model, which is totally incongruent with public safety and security.
The immense amount of data they collect is worth much more than any advertising revenue and predominantly why engaging on their social media platforms is free to the user. A huge but precarious tradeoff, and for the tech giant, it’s all about the money and control.
The interesting thing is that it’s estimated that each Facebook user worldwide only generates about $32 in ad revenue for the company per year. Why not send Facebook $32 in ad revenue? Then they could leave us alone. We could just as easily support internet companies or platforms with the goal to store as little personal data of ours as possible in exchange for small sums of cash or crypto.
There is a fundamental mismatch between the fact that a central entity captures almost the entire value created by the community of users and that these users don’t receive any financial upside in return.
The risk of emerging digital dictatorships in which all power is concentrated in the hands of a few central entities is higher than ever. The critical thinkers want to prevent a dystopian future of surveillance capitalism and politics capable of knowing us better than ourselves and influencing our decisions. Plus, the centralized servers may withdraw their internet access to any company or individual that doesn’t maintain their narrative.
The solution and key are to bypass the centralized entities with a blockchain-driven distributed database capable of minting cryptocurrency, thereby creating an ecosystem for the community. Empowering users with their own data and ways to earn crypto with applications built upon decentralized data networks will increase trust between the individual and the platform.
This is precisely what Lucian Todea is working towards, along with the team at Elrond. Thanks to technology and humanitarian-centered architects creating a more sovereign and straightforward system for the people, platforms like Markethive and its community can exist and thrive, empowering the individual and keeping the entrepreneurial spirit alive, which is being eradicated by the ever-increasing dictatorship of the centralized overlords.
2022 is upon us so I made this video to convey a very important message for all.
Also keep in mind our promos and incentives are still in full forced.
The Boost which normally sells for $100 (Entrepreneur One Price) and $200 (free members) has been dropped to 10% that being right now you can pick up as many Boosts you want @ $10 each (Entrepreneur One Price) and $20 (free members).
The ILPs for Markethive Coin promotion will allow you to purchase the very valuable ILPs for Markethive coin. This offer is limited and can end at any time. Remember the ILP will earn you valuable income payable in Markethive coin that can be exchanges on the open market exchanges.
The Entrepreneur One program is also limited and the ability to acquire more of them is coming to an end as soon as the wallet is released, which is eminent.
The Wheel of Fortune is a program where a small purchase for spins can reward you with a lifetime income, coins, services, impressions, and endless array of value from Markethive.
Remember these are extremely valuable resource for your campaigns and used properly with a Banner campaign, offering coded perks like the WOF, can and will produce amazing results.
See you this Sunday, Jan 02, 2022 at 10 am (mountain Denver USA time)
All active, or new, or restored accounts will receive a .5 (1/2) ILP upon finishing 12 consecutive payments on January 2023. This incredible offer is made to commemorate our Entrepreneur One program. This is in addition to the standard .1 ILP you receiveofr each 12 consequetive months you pay on time for the 10 years following the original launching og the Entrepreneur One program.
As of the release of the Markethive wallet, we will be launching the Premium Upgrade member service and closing the door to new or restored old Entrepreneur One accounts.
We expect by end of 2022 we will have an E1 exchange available for owners of Entrepreneur One accounts to offer their accounts for sale and for all Markethive members to seek and bid on purchasing an Entrepreneur One account for their own. But you will not find Markethive making them available for free again.
Thank you so very much for your ongoing loyalty and trust in this project.
Lucian Mincu Co-Founder And CIO Of Elrond – The Architect Scholar Creating The Next Wave Of The Internet Economy
Elrond has a distinct advantage of having a team of professionals with both technical and entrepreneurial backgrounds. Beniamin Mincu had the spotlight in my previous article covering Elrond, highlighting his entrepreneurial skills by working with Blockchain start-ups and leading the marketing, business, and community-building efforts in his career. Today we’ll give center stage to his brother Lucian Mincu, the man and hardcore engineer behind the complex infrastructure of Elrond.
Who Is Lucian Mincu?
Lucian Mincu is a Co-founder and Chief Information Officer (CIO) at Elrond. He is an infrastructure engineer with experience designing and implementing complex infrastructure and network architecture. He has been developing integrated products and network solutions for major corporate clients, including the German government, for over eight years.
Lucian is a strong advocate of breakthrough technologies and believes that Blockchain integration should only happen if it creates real value, giving anyone anywhere easy access to the digital economy by bringing a 1000x improvement in blockchain speed, scale, cost, and user experience.
Lucian Mincu’s Background And Career
Lucian studied Computer Science at Industrie- und Handleskammer (Chamber of Commerce and Industry). He started his career working as an IT consultant in Sibiu, Romania, in 2010, where he assisted a broad customer base in solving issues related to PCs, Laptops, Workstations, Mobile devices, and Printing Devices. He also provided Web Administration and Web Mastering solutions using Python, HTML, PHP, XML, CSS, and JavaScript.
In June 2012, he joined Unhrenwerk24 UG, Ingolstadt, Germany, as a CTO, where he was responsible for creating and implementing sales strategies on end-to-end business solutions. He also worked closely with the management team on important subjects.
Lucian then worked as an IT System Engineer at Cetto Services GmBhIn in March 2014. His primary focus was on designing complete bottom-up infrastructures for optimized customer solutions. He was also in charge of the entire infrastructure for more than 20 education institutions.
Lucian Mincu joined LIEBL SYSTEMS GmbH in December 2016 as a Senior IT Security Consultant and Project Management. He was in charge of the infrastructure of several big institutions across the German State.
Lucian entered the blockchain space in 2016, where he and his brother Beniamin Mincu founded Metachain Capital and ICO Market Data and served as Chief technology officer till December 2017. He is currently a Co-Founder at Elrond Network, along with his brother, Beniamin Mincu and Lucian Todea.
Lucian says,
“Great products are built by exceptional teams & communities.
Exceptional does not only mean great tech but, more importantly, the ability to remain resolute under significant pressure, putting in all efforts needed to overcome challenges.
Onwards & upwards.”
Lucian is not one for producing videos; he leaves that to the entrepreneurs of the company. However, he is very active on Twitter with 64.7K followers. He constantly updates the community with Elrond’s progress and up-to-the-minute integrations and tech as it happens.
He is loved for his timely updates and ability to communicate all things Elrond transparently. He indeed excels at his role of Chief Information Officer, resulting in an exciting, face-paced unprecedented Blockchain project and community growing exponentially.
Furthermore, the Elrond Network has a very active community on GitHub. GitHub is where millions of developers and companies build, ship, and maintain their software and is considered the largest and most advanced development platform globally.
Elrond Community
The size and enthusiasm of a community can directly impact the awareness and adoption of a cryptocurrency project, affecting marketing and general trading volumes. Elrond’s Telegram Community has over 53K members and is highly engaged. Elrond’s communication abilities and transparency are exceptional and are good reasons why it generates so much interest.
Mainstream is becoming much more aware of cryptocurrency and the future impact on society, but the majority find it difficult to comprehend or utilize the complex technology. The Elrond team saw this obstacle to massive global adoption and designed the tokenomics and utility to help the average person grasp the concept.
One of Elrond’s primary goals is to make the interface clean and easy to understand, making it as stress-free as possible for new user adoption. They have succeeded with the Maiar mobile dApp, which, unlike many new dApps, was fully developed at launch with very few bugs and has been positively received from the start.
It is also called the “gateway to the unbanked,” noting that “A large population of the world is unbanked, without access to the existing financial infrastructure, and so their opportunities to participate in wealth creation are extremely limited.”
What Fuels The Elrond Economy?
eGold, (ELGD) is the native token created by the Elrond team and is the core of all internal usage in the Elrond ecosystem. They went further by designing it to create a substantial store of value, similar to physical gold, but with functionality that could make it superior to gold in the long run.
Creating the ticker symbol beginning with the ‘e’ prefix makes cryptocurrency more intuitive and easier to understand. Plus, it creates a logical and consistent foundation for future digital assets and currencies.
Inherent in the design of EGLD is the preface for the Elrond network to be compatible with other cryptocurrencies and with fiat currencies issued by governments. Eventually, all will be able to tap into Elrond’s immense bandwidth capabilities and offer ways to transfer value electronically.
Elrond And NFTs
Not surprisingly, Lucian Mincu was the first of the Elrond Team to become an NFT. Thanks to a gifted NFT sketch artist, Elrond Memer, with a love for the Elrond Network, created a life-like sketch of Lucian. It was minted on the Elrond Blockchain with the highest bidder to receive the original piece of artwork as well.
The Elrond Network has continuously progressed for four years and has joined the mainstream blockchain projects. The fact that Binance Launchpad backed the project indicates Elrond was thoroughly vetted by Binance and found to be a solid project.
With the unique Adaptive State Sharding and Secure Proof of Stake, the project delivers the speed and scalability that hasn’t been seen in many projects. Also, the support for multiple smart contract languages is integral for Elrond’s move into the decentralized application space.
The team is highly-motivated, energetic, and very competent, with a deep skillset. They have outperformed, hitting deadlines and delivering as promised, and this alone is valuable in the blockchain space.
Lucian Mincu communicating with the Elrond community about the inner workings and keeping them updated is paramount and evokes enthusiasm leading to massive adoption and scalability, all of which Elrond is equipped to handle.
Stay tuned for more news about the team and the Elrond network as it makes headway as a highly scalable, fast, and secure blockchain platform for distributed apps, enterprise use cases like Markethive, and the new internet economy.
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 agender. 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.
As you may have suspected, the wallet release date is about to be announced. We are building a comprehensive wallet solution and upon announcing the launch date, building of our own exchange will begin…and seeking other exchanges to carry our coin will begin.
Building our community bigger will be very important. Markethive will offer incentives to inspire a bigger community.
We will need 3 active communities:
All active, new, restored accounts will receive a .5 (1/2) ILP upon finishing 12 consecutive payments on January 2023. This incredible offer is made to commemorate our Entrepreneur One program.
As of the release of the Markethive wallet, we will be launching the Premium Upgrade member service and closing the door to new or restored old Entrepreneur One accounts.
We expect by end of 2022 we will have an E1 exchange available for owners of Entrepreneur One accounts to offer their accounts for sale and for all Markethive members to seek and bid on purchasing an Entrepreneur One account for their own. But you will not find Markethive making them available for free again.
FYI: Boost idea originated from Facebook. Facebook Boost costs (average) $1 to show your Newsfeed post on 12 members Newsfeeds. For $200 your post would appear on 2.400 members’ Newsfeed.
Markethive Boost puts your newsfeed post on all of our members newsfeeds. We have over 130,000 registered members and over 90,000 active members.
At $1 per 12 members newsfeeds to publish to our active (90,000) members would cost you $7,500 and over $10,000 to put your post on all our members’ newsfeeds.
At Markethive we take your wellbeing into our highest considerations and have made boosting to the entire member’s news feeds for $200 for free members and $100 for Entrepreneur One subscribers affordable for the entry level and professional home based entrepreneur.
At Christmas time the spirit of giving comes around. And we abide. We help our members by giving you huge savings, The Boost is one of them.
For the duration of the Christmas season, free members can purchase as many boosts they want for just $20 per boost.
Subscribers (Entrepreneur One) can purchase as many boosts they want for just $10 per boost.
We have also launched another special in anticipation of launching the wallet.
That is our ILPs for Markethive coin. The special is now live and will allow you to convert your coins to ILPs. Buy additional ILPs with your Markethive coin https://markethive.com/index_members.php?ilppurchase-popup
This offer will run for about one month after the wallet is launched for the free members. Do you understand what the ILP represents? Think of our coin as storage of gold in your vault. Think of the ILP as a gold mine producing more gold for the owner of the mine (the ILP). I would think owning the Gold mine would be a better option.
Entrepreneur One special Summary (so you do not miss it)
All active, new, restored Entrepreneur One accounts that stay consecutively current from Jan 2022 to Jan 2023 will receive as a bonus on top of their normal yearly 1/10th ILP a WHOOPING ½ half (50%) ILP. After the wallet is launched, there will be no more specials like this for the E1.
This is a huge incentive to get, upgrade, restore and continue supporting Markethive with your E1 membership.
Remember to log in often, attend our Sunday meetings and help us build our communities in Reddit, Bitcointalk and Telegram.
Beniamin Mincu Of Elrond – Bio And Vision For The Future Of Money
A Visionary That Will Define The Next Wave Of The Internet Economy
Who Is Beniamin Mincu?
Beniamin Mincu is an entrepreneur, investor, and Blockchain pioneer born in Romania with a vision to reshape economies, opening an era of unparalleled opportunity on a global scale. Beniamin (also pronounced Benjamin) is a humanitarian with his heart in the right place and the Co-founder and CEO of the Elrond Network.
Beniamin undertakes to accelerate the onset of a high-bandwidth, open, permissionless, globally accessible financial system. The dedication of Elrond’s diverse team of engineers and researchers that have a wide range of technical experience and significant Blockchain expertise is bringing this vision to life.
Beniamin Mincu’s Background
Beniamin is from Sibiu County in Romania, where he attended the German University of Sibiu, Romania. He studied at the Faculty of Economic Sciences and graduated with a Bachelor's degree in Economics and Management in 2011. He was certified by the University of Toronto in the Learn to Program: The Fundamentals in 2013.
His accomplishments include courses in Business ethics, Finance, Logistics, Macroeconomics, Management, Marketing, Microeconomics, Production Management, Project Management, Quality Management, Statistics, Strategic Management.
Beniamin is fluent in three languages – English, German, and Romanian. He is celebrated for his critical thinking skills, creativity, leadership, pleasant disposition, and ability to deliver on his commitments. His passion for economic empowerment, education, poverty alleviation, science, and technology drives him to continue his project to reshape the economy gradually.
Beniamin’s First Encounter And Inspiration With Crypto
What inspired Beniamin Mincu to become involved in the cryptocurrency space? In 2012 he initially stumbled across Bitcoin. By 2013, he found the whole concept of Cryptocurrency extremely intriguing as he saw the economic aspect.
He started researching technologies he thought were capable of changing the dynamics of the economy and entire society. Once he understood the economics of Bitcoin, he could clearly see that it would reshape the economy.
Career And Noble Endeavors
In 2014, Beniamin joined the NEM.io core team to help solve the issues he saw in Bitcoin. Since then, he recognized ongoing problems with Bitcoin, specifically scalability, and set out to remedy these obstacles that would stifle any meaningful mainstream adoption.
Beniamin studied many different technologies that he thought would have a high impact on the future of humanity. He has been involved in several aspects of the Blockchain space building, supporting and investing in around 30 different startups, including Icon, Matrix, and Zilliqa.
In 2016, Beniamin founded MetaChain Capital along with his brother Lucian Mincu and took on the role of CEO. MetaChain Capital was an investment firm that supported several Blockchain projects, including Binance, BAT, Tezos, and Polkadot, when they were in the startup phase. They became very successful and are placed in the top 100 projects on coinmarketcap.
In 2017, his sole focus was Elrond, building a hard-core team who he says can “literally build rockets.” Elrond, an ambitious project that aims to solve some of the most pressing challenges in the Blockchain and crypto space.
Notably, the name of the company, Elrond, was inspired by the character in the book and movie, Lord Of The Rings, who is portrayed to be immortal, superpowerful, with a purpose to do good in the world, and was considered a great aspiration by the founders of Elrond to aim for and bring light into the Blockchain and crypto industry.
Beniamin’s diverse background in state-of-the-art technology, applied philosophy, engineering, and Blockchain has culminated in creating a company that could very well define the next wave of the internet.
The elegant and sophisticated technology developed by the Elrond team is targeted at developers, the broader public, and enterprises. Developers can create decentralized applications and run smart contracts on the Elrond blockchain network, and the wider public can use Elrond as a user-friendly gateway to the digital economy.
Also, businesses seeking an enterprise solution that can lower transactional costs with benefits such as speed, security, and scalability will find Elrond Blockchain particularly useful. Such as emerging Web 3 companies building ecosystems with their cryptocurrency in the social media and digital marketing sphere that need an internet-scale blockchain to accommodate its massive user-base and ecommerce.
The whole basis of the Elrond Network is to build a global, transparent, non-inflationary financial system giving anyone, anywhere, easy access to this new economic system. In July 2020, we saw the launch of Elrond’s Mainnet, with Beniamin Mincu announcing;
“Years from now, we will look back at this moment, as the instrumental transition from a promising but experimental technology, to one of the most important technologies of the decades that followed.”
More recently, we had the release of Elrond’s Maiar DEX. “This represents a massive step toward pushing DeFi adoption beyond the current boundaries of the crypto space, into the mainstream,” said Beniamin.
With Elrond’s Adaptive Sharding, a method of parallelizing data and transactions processing, Elrond’s performance will scale up with the number of computers joining the network, reaching more than 100,000 transactions per second while growing increasingly decentralized.
Paraphrasing Beniamin’s comments in the video posted below, these performance measures and protocols are not promises for the future, like so many other projects. They are already processing 15,000 transactions per second, with 6 seconds block time at a transaction cost of $0.001. They can scale beyond 100,000 and have achieved 260,000 TPS in the testnet phase.
He explains that after ten years, the approximate average TPS of the Bitcoin blockchain is still about 5, while Ethereum can handle about 15. We need to move beyond this to change the course of humanity and the future of money.
“Elrond aims to build a high-throughput blockchain that aspires to build the next internet-scale blockchain. Recognizing that most scalability efforts by other projects are not sufficient in that the efforts are merely “kicking the can down the road,” Elrond set out to create a blockchain that is capable of 1000x throughput than most existing blockchains. This improvement of transaction throughput allows Elrond to handle even the most aggressive wave of user adoption.”
Beniamin Mincu, CEO of Elrond on the Future of Money and Reinventing the Internet
According to the Romanian Business Review, diversity, innovation, and enthusiasm are the most common ingredients of the Romanian entrepreneur and start-ups. Many businesses impressed the BR team, mainly because of their founders’ entrepreneurial behavior, vision, and strategy.
“Romanians are smart,” a caption made famous by an advertising agency and was a gift celebrating Romania’s National Day in 2011. Their contribution was awarded a Cannes Lion Trophy for the campaign in 2016.
The Romanians have a lot to be proud of and are renowned for their sports athletes, creativity, and hospitality. Adding to that, their presence in the technology space with a philosophical approach to go beyond and make a real impact on humanity.
Markethive has a robust presence in Romania and shares the same ethos. Markethive’s team of engineers is situated there, working tirelessly to bring Markethive’s vision to fruition. It is a vision that brings freedom, liberty, and financial sovereignty to all and transcends the evil that is overwhelming social media with its technocracy.
Beniamin Mincu and his team at Elrond, with their innovative, evolving technology, will make it possible for the Markethive community to thrive in this stagnant, if not devolving world. God speed to Beniamin Mincu, Elrond, and Markethive.
These notifications are neccesary as we prepare for the wallet release.
Markethive policy requires members to login frequently. If free accounts (KYC) do not login after three months (Day 91 a warning letter will be sent and day 98 the account will be terminated) the accounts are deleted.
Paid Membership accounts do not apply and as long as your subscriptions are active your account is secured.
Free members with ILP holdings will be considered abandoned after 5 years of inactivity and the account terminated.
All accounts that do get terminated include all assets within that account. Blog posts, Video Uploads, ILPs, and Coin and Credit holdings*.
(Notorized paper work of ILP contracts will be required to restablish abandoned accounts).
Free accounts will require processing KYC or the accounts will be terminated after 30 days*.
KYC will be required to receive and access the Hivecoin and is including matching bonuses to the sponsor of the membership.
(When KYC is activated in preperation for the wallet)
KYC is coming. The wallets will be distributed to the Entrepreneur One subscription first (with no limits) then the Premium Upgrade subscription (with light limits). Upgraded subscriptions will not require KYC at this time.
Free Membership will require KYC to activate the free services found in Markethive.
When KYC is released:
AIRDROP
New Member Airdrop “To access Airdrop must do KYC”
Matching Bonus “To access matching bonus must do KYC”
HIVE RANK “To activate Hive Ranking must do KYC”
VAULT
Earn interest on holdings (Free Members can earn interest on credits held in the Vault) “Must be KYC certified”
FAUCET
Give Tips is limited to.0001 per member
Tips “To access Tips must do KYC”
ADVERTISE
Purchase Impressions (free member can purchase impressions) “Must have KYC completed”
Publish Banner Ad (free members can publish Banner Ads) “Must have KYC completed”
HOME:
Tutorials (full Tutorial Available)
Referral Program (full referral tools available)
Membership Upgrade (upgrades available and replace KYC requirement)
Friends/Associates (accept Friend Requests) “Cannot request friends without KYC”
Messages (accept and respond to incoming messages) “Cannot initiate messages without KYC”
PROFILE PAGE
Recent Activity (Can Comment on other’s posts) “Cannot post without KYC”
Blog Posts (May Publish One Blog) “Cannot publish additional blogs without KYC”
My Groups “Cannot join or produce groups without KYC”
My Videos “Cannot Upload videos without KYC”
My Friends (Can accept Friend requests) “Cannot request new friends without KYC”
Statistics (Can access and view full statistical reports)
PROFILE PAGE SETTINGS
Bio (Full editing capability)
Profile Picture (picture upload activated)
Profile Page URL (activated)
Profile Page Settings (activated)
Meta Data (accessible)
Delete Account (accessible)
SETTINGS
Hive Rank (active)
Notifications (active)
Advertise (not active)
BLOGS
Blog Post “Cannot Post without KYC”
Blog Comments (active)
WordPress Plugin “Cannot Access without KYC”
MARKETING CAMPAIGNS
Manage Campaigns “Must be a paid member”
Advertising Vendors “Must be a paid member”
Advertising Co-op “Must be a Paid Member”
Tiny Url “Must do KYC to access”
Website Rotator “Must be a Paid Member”
Backlink Tracking “Must be a paid member”
EMAIL
Email Autoresponder “KYC to Access”
New Autoresponders “Must be a paid member”
Email Broadcast “Must be a paid member”
Distribution List “Must be a paid member”
Broadcast History “Must be a paid member”
FRIENDS
Friends/Associates (accept Friend Requests) “Cannot request friends without KYC”
Referrals (can receive referrals) “will not receive bonuses until KYC is completed”
GROUPS
New Groups “KYC required to make groups”
Join Groups “KYC required to join groups”
MESSAGES
Messages (accept and respond to incoming messages) “requires KYC to initiate messages”
PAGES
Capture Widget (edit title, font and color limited to one) “requires KYC to access”
Capture Page (access capture statistics, cannot edit, limited to one) “requires KYC to access”
Profile Page Configuration (must upgrade to access)
VIDEO
Add Video (add videos, edit, remove) “requires KYC to access”
NOTE: KYC system has not been activated yet. It is in the works as is the wallet. This post reflects the coming policies in regards to KYC and also established the current log in requirements to prevent members sites from being deleted.
This is also notification of our policies being upgraded.
Recently our API vendor OneAll went down for over 12 hours. We used their service for registering and logging into Markethive. We were intending to replace them, because I am purging all 3rd party services from Markethive to provide better security and to prevent being de-platformed because Markethive refuses to comply to the political correct agenda and would rather offer full liberty and freedom of speech to all of our members.
With OneAll going down I made the executive decision to immediately switch to our own registration and login system, though not completely polished, fully capable to justify the switch in the moment.
This has caused some disruption, as this switch required all Markethive accounts be reset, thereby, logging in like you were used to has stopped and you need to reset your system. Therefore I have made a video for you to be able to understand the procedure you will have to follow. It is not complicated nor is it lengthy, but it can be frustrating and disruptive.
But you will want to be able to login for many reasons. It is the Christmas season and I will be given away some presents and super specials. The wallet is now eminent and we are about to activate our 3 month login policy, that being, those that fail to login within every 3 months, your accounts will be deleted, terminated with no option to restore.
You will want the wallet so you can send your coins to the exchanges or vice versa.
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