First Digitalized Loan Agreement on Blockchain That is Legally Binding Using Future Loan Access Token (FLAT).
- ICO Time:
- 26.01.2018 - 09.02.2018
- Kazuteru Arimura
- - Co-Founder, Finance and Management Lead
- Kathleen Chu
- - Digital Content, PR and Marketing Lead
- Yinghan Huang
- - Lead Designer
- Hikaru Kusaka
- - Co-Founder, Business Design and Strategy Lead
- Sulong Ly
- - UI/UX Designer
- Vitaly Migunov
- - Software Engineer, Decentralized Application Specialist
- So Nagasawa
- - Co-Founder, Technology Lead of Asia Pacific
- Ragnar Reindoff
- - Business Integration Specialist
- Junichi Arimura
- - Executive Advisor
- Margus Poola
- - Legal Counselor@ e-Best Ventures, Finance & Development @Agrello, Oblicity
- Hando Rand
- - Legal Advisor, Project Lead @Agrello
- Addi Rull
- - Sales & Development @Agrello
- Teddi Rull
- - Legal Counselor @e-Best Ventures, Sales & Development @Agrello, Oblicity
First Digitalized Loan Agreement on Blockchain That is Legally Binding Using Future Loan Access Token (FLAT) blockhive will raise fund using a new structure it developed jointly with Agrello, called Initial Loan Procurement (“ILP"). The legally binding loan agreement involves the issuance of Future Loan Access Tokens (“FLAT”), which give Creditors who provided lending to the company the ability to trade their rights with others. “FLAT” Future Loan Access Token blockhive plans to issue the first FLAT we call Hive tokens. Once creditors enter a loan agreement with blockhive through ILP, they receive Hive tokens. What is HIVE token? Hive token allows creditors to enter into a loan agreement with blockhive and to trade their contracts with others. Upon concluding the loan agreement through smart contact, creditors are entitled to receive, as interest on the loan, 20 percent of the annual operating profits generated by blockhive from the platform. This has the potential to increase as blockhive incubates more projects.
blockhive creates practical and innovative solutions for traditional companies in the form of partnership, helping them unlock new markets and untapped opportunities as part of our ambition to create a win-win outcome. We also incubate projects that have the potential to benefit from blockchain technology.
That is where our name blockhive originated. Like bees in a beehive, we are building a platform where each participant can work together. By joining forces, every partner in this digital ecosystem will thrive, using the blockchain technology.
Based in Estonia with roots in Japan, our team of programmers, engineers, designers, mining experts, and financial specialists has a diverse and multicultural background. We work alongside natural-language-processing scientists through our partnership with Tokyo-based artificial intelligence company IMAY, as well as the founding team from Agrello, an Estonia-based legal technology startup. blockhive and its partners share the goal of making technology work for the people.