What a crazy world it is sometimes of sentiment. Sentiment because we live in a world of algorithms and headline-bait. Bitcoin's price before the coronavirus on January 2nd, was below $7,000, today guess what it is? It's back up to $9,440. Coincidence? I think not. ( Michael Spencer)

Since the Coronavirus outbreak in China worsened it appears as if investors are getting more bullish again with Bitcoin. Of course in the world of virtual money, it doesn't make sense that Bitcoin would have a higher market cap than Tesla. But a world of ethereal sentiment and global economic fringes of a recession, anything truly is possible. If it weren't for the stimulus of central banks in 2019, we would be in a global recession.

Now it appears the economic impact of the coronavirus if more outbreaks occurs outside of China, could be the stimulus of not just a stockmarket corrections but a global downturn. China is after all the 2nd biggest economy in the world.

Bitcoin tends to do well in periods of economic uncertainty and geopolitical risks. Fears are now surfacing about the impact on Chinese economic growth, while global signals also suggest investors are more cautious about the short term. 

With a significant chunk of China still on lockdown the country's stocks are set to begin trading again. They could face a big sell-off as the number of coronavirus cases continues to tick up globally. As the situation worsens in mainland China it could hit their stockmarket and Chinese tech stocks in a major way. This would in theory make Bitcoin more appealing to Chinese investors, at the very least.

The Financial Times assumed as much and got a backlash from non other than the crypto news media! But let's face it, Bitcoin profits when there's turmoil in the regular markets. During such periods of economic uncertainty and unease on markets have often sparked increased bullish action for Bitcoin. That's the trend of history at least.

Sentiment and peculiar variables are at play for digital assets like the digital gold Bitcoin has become. The argument that Bitcoin cannot possibly ‘benefit’ from any adverse news or a viral outbreak is absurd, because sentiment drives most decisions not logic (which we have seen in today's stockmarket with Tesla and Apple). The idea that Bitcoin would somehow be different because it claims a decentralized autonomous network that doesn’t have a conscience is ridiculous!

If people are selling off stocks on all the major markets, they are putting money into gold and yes, into the digital gold called Bitcoin. No other cryptocurrency actually matters. Although I imagine the coronavirus might delay China's own digital blockchain based RMB. In 2020 mainstream ad-players like Google and Facebook have never been more crypto ban friendly. Crypto media is partly to blame being as prone to misinformation and fraud as any. So what's left in the wake of algorithmic headlines? The old market power of good old fashioned pent-up sentiment.

That reaction to the environment always half way between greed and fear. Bitcoin isn't a force for good in hard times, it's just another wallet for the privileged. There's no such thing as a decentralized internet in 2020, everything is connected to the real world economy. The Coronavirus is real, at least for China in February and I expect Bitcoin to sail over $10,000 in the next few days.

Own A Piece Of Markethive — Lifetime Income Opportunity
Markethive, the first Social/Market Network built on the Blockchain, introduces The Entrepreneur Program

The Entrepreneur program is designed to leverage your system. Your free Markethive system is a market network, like a social network, but with powerful inbound marketing tools integrated into the system. This premier hybrid social network includes news feeds, blogging platforms, video channels, chat channels, groups, image sharing, link hubs, resume, profile page and peer to peer commerce. But more than a social network, we have also delivered to you “Inbound Marketing tools” like broadcasting, capture pages, lead funnels, autoresponders, self-replicating group tools, traffic analytics, and more. Plus, we are built on the Blockchain which allows Airdrops of 500 Markethive Coin (MHV) upon joining and micropayments for using the tools mentioned above. This is all free to you.

The Entrepreneur program is designed to add gold plating to an already stellar and unbelievably valuable system you receive for free.

The Markethive Coin — MHV Consumer Coin
Notably, MHV was listed on the first of many exchanges, including its own exchange [in development] in March in 2019 and is currently valued at $0.18. The Markethive coin will not be dependent upon speculative value as is the case with other cryptocurrencies and platforms, thereby creating eternal economic velocity in the entrepreneur ecosystem within Markethive.

Click here, Markethive is Completely Free To Join

Click here, Markethive is Completely Free To Join

KANYE WEST — The Road To Renewal

Continuing on from Part 1 of Kanye West’s Journey, for over a decade long, the artistic genius went on to successfully create hit albums of a variety of music genres that were critically acclaimed, polarizing, influential and captivating, earning him the reputation of “America’s favorite bad boy”.

West toured with U2 in 2005 — 06 which inspired him to make hip hop more atmospheric and empowering to be performed in stadiums and arenas. He started to draw influence from both rock & roll music like The Rolling Stones, Led Zeppelin, and The Killers, plus house music which originated in Chicago, where he grew up.  

Kanye puts himself in places where a vain or trendy person wouldn't dare try, like wearing pink polos, kilts and, skinny jeans. He made a career of consistently and willingly making himself the underdog by going against the grain for the sake of not just being able to say he did it first but to also avoid being boxed in or marginalized. 

His dedicated passion to reinvent the wheel along with his intense and dynamic creativity amassed him international acclaim and godly recognition. On West’s sixth album “Yeezus”, his song “I Am A God” was a powerhouse and punchy approach that has come to define the genius of Kanye West. “Yeezus” remains the only album to have sold fewer than 1 million copies in the US. Yet it was critically well-received, not least by the rock legend Lou Reed, who told Rolling Stone that “Each track is like making a movie… The guy really, really, really is talented.”

In an interview with Zane Lowe, Kanye explains his meaning behind his song “I Am A God”

Kanye West always sees an opportunity in just about everything and when the music industry began to worry about the effect the internet was having on its profit margins, West just embraced the change with a video for his single “Can’t Tell Me Nothing” and he hired the comedian/actor Zach Galifianakis to lip-sync the lyrics on an alternate version which created a viral sensation. 

Tragedy Strikes

Kanye was on top of the world, hailed as the artist who killed gangster rap. But in November 2007, tragedy struck. His beloved mother, Donda, died from a heart attack following cosmetic surgery. Kanye West dedicated a performance of “Hey Mama” to her at the first concert he did following the funeral. Given the bond Kanye and his mother had this put him in a very dark place. Months later, he separated from his then-fiancee Alexis Phifer and his next album, 808s & Heartbreak that he released 12 months later was laden with grief, pain, and alienation. 

Kanye with his mother Donda West

At that point West abandoned rapping completely, preferring to sing through an Auto-Tune vocal processor. This technique (ubiquitous in hip hop today) turned his voice into a robotic tone and he classified the new album and sound as “Pop Art”. 

It’s not to be confused with the visual art movement, but interestingly, when you consider West has Synesthesia, which is the condition where one sense, like hearing, is simultaneously perceived as if by one or more additional senses, such as sight, so everything that Kanye sonically creates is a painting in his creative mind.

West then announced, “Hip hop is over for me”. However, it wasn’t. He won two Grammys for guest raps he made that year, on Estelles’ “American Boy” and TI’s “Swagger Like Us”. 

Oops! A Faux-Pas Or…

Notorious for his controversial statements, (of which there were many)  and after the passing of his mother, West’s state of mind was fragile and coupled with a bottle of Hennessy, he invaded the stage during Taylor Swift’s acceptance speech for Best Female Vocal award at the MTV Video Music Awards the following year. He took the microphone from her and said although he was happy for Swift, Beyonce did a fantastic video clip, inferring Beyonce should have won the award instead. 

“Yo, Taylor, I’m really happy for you, I’mma let you finish, but Beyonce had one of the best videos of all time!”

The reverberations from that moment are still being felt, however, West did apologize publically, then retracted his apology in a 2013 interview with the New York Times. However, by 2015, they became friends. It’s evident that some on social media are still riled by the act, but time and circumstance have a way of healing and leading to self-development as Swift recounts in her biopic, “Miss Americana”. 

In her story, she makes it clear how much these incidents wounded her, and how a young woman desperate to be liked could be deeply hurt when she finds out it’s impossible to be everyone’s favorite. It made her stronger, more independent and the woman she is today. It could be said that one person’s faux-pas is another person’s gateway to a life lesson learned and growth. 

2009 VMA Awards Taylor Swift’s acceptance speech interrupted by Kanye West

Kanye West Focus On Fashion

Following the Swift fiasco, West took a break from music and relocated to Rome stopping off at Japan along the way for a time. His focus was on fashion at that point. He had already been collaborating with labels including A Bathing Ape and Nike on limited-edition sneakers since 2006. He gained more experience as an intern for other labels, reportedly for Gap and Fendi. In 2009, West partners with Nike for his own shoe, the Air Yeezys. 

West launched his first collection in Paris in 2011 which was very much criticized. Feeling wounded, West gave a speech at the show’s after-party, pleading “Please be easy. Please give me a chance to grow.”  His second collection a year later only received lukewarm acceptance, subsequently West announced he would no longer be showing in Paris.  

In 2013 he collaborated with the French label APC on his capsule collection. In an interview with W Magazine, he explained,

“I tried to come out of the gate going crazy. And it didn’t work. So now I have to somehow put out something that says, ‘I look sensible!’?”

Contrary to his personality, the collection consisted of understated tees, hoodies, and jeans. 

Kanye West’s Capsule Collection: Adidas “Yeezy” sneakers and Jewelry collection 

He then signed a $10 million deal with Adidas and launched his first apparel collection of Yeezy Season 1 in 2015. This collection had a mixed reception but his Season 5 collection in 2017 won praise and notably, Yeezy is the No 1 searched brand on the internet. 

He had a passion for fashion, showcasing his own style of apparel and the collection of Yeezy sneakers with Adidas Boost technology. West maintains that his brand expresses how he feels, not to keep up with trends or societal culture. Prior to that, he donned other high-end designer labels because he could and it made him feel good — It helped to feed his ego. He is still perceived today as the Louis Vuitton Don.

Now on a new quest, keeping his ego in check and getting back to grassroots, it’s all about bringing manufacturing back to America, from seed to sew, along with job opportunities for people in prison reform or second chance people. More about that later.
   
As a musician, what makes Kanye West one of the greats is his ability to innovate — to push the sonic boundaries of hip-hop. As a Fashionista, he has become a force in fashion with the desire to create designer fashion affordable to the people en-masse. 

Kanye West and Kim Kardashian — Equally Yolked

Kanye West and reality TV star, Kim Kardashian began their relationship in April of 2013, engaged in October, then married in May 2014. Happily married for nearly 6 years with 4 children. Their first daughter North (born June 15, 2013) son Saint (born December 5, 2015) and another daughter (born via surrogate January 15, 2018). Then came their fourth child, son Psalm, via surrogate in May 2019. 

Married life and fatherhood have helped West grow and realize what is important in life. In a recent interview, he described his relationship with Kim as equally yoked. They both have a spiritual connection to God. West considers his union with Kim a life-long commitment 

“It’s a God bond,” he says, Someone to call on, or call out. Someone that can call on you or call you out — Equally yoked. Someone to complain to and someone to grow with… as we grow and raise our children” 

Kim Kardashian and Kanye West are one of the strongest couples in Hollywood and beyond after almost 6 years together.  

The West Family at Christmas 2019

The Turning Point

West went on to make his 7th album in 2016, “The Life Of Pablo”, tweaking his songs and resending them to streaming services, describing the album as a “living, breathing, changing creative expression”. That same year he started his Saint Pablo Tour, where he performs on a stage suspended in mid-air. However, with still 21 shows on the agenda the tour was canceled. 

In his last performance, West delivered a 15-minute rant, speaking his mind on personal gripes, naming names, business issues, revealing he was $53 million in debt and political stance, hailing Trump for President, before storming off the stage saying the show’s over. 

Subsequently, Kanye West was admitted into UCLA Medical Center, initially for exhaustion, only then to go through psychiatric tests and ultimately diagnosed with mental health issues. More succinctly, Bi-Polar Disorder. Reportedly, West never got over his mother’s untimely death. He has been put in the category of an HSP — Highly Sensitive People, but he has been called “crazy” by many. 

According to West, this was a crucial wake-up call that would change his life. His time in the hospital gave him space and the time he needed to not only get back on track but to re-evaluate his life and purpose. He had visions and divine messages to help him in his time of renewal. People call it a break-down, Kanye likes to call it a “break-through.”

The next 2 years West closeted himself, holed-up in the studio creating his 8th album “Ye” which has been a nickname of his and touched on issues ranging from sexual assault topics to West’s own controversial comments about slavery and being bipolar. In an interview following the album’s release, he expanded on the bipolar topic saying it is his “superpower”. He asserted that the condition fueled his creativity, but he also admitted that it led to unfortunate consequences.  

West deactivated his Twitter and Instagram accounts during that time due to the backlash he was receiving from many of his controversial comments, beliefs, and support for President Trump. Like him or not, he believes he has the right to express his own opinions and not be controlled by the system or manipulated into being something that he’s not. 

In 2018, Kanye dusts off the cobwebs and returns to the public eye, reactivating his Twitter account and music output with “Ye Vs.The People”. As the title insinuates, he needed to express his thoughts and feelings after becoming a recluse resulting from his experiences. It may even be seen as cathartic to some degree. Incidentally, the track was not included on the album. 

The Renewal

By this time West had relocated to Wyoming with his family, which is his “happy place”, a place away from “it all”  Although West was working on a new album titled Yandhi with a planned release date of September 29, 2018, it was delayed indefinitely. In April of 2019, Kanye West “woke up” and completely changed his direction spiritually, emotionally and physically.  In August of 2019, it was announced that he was working on another project which would display Kanye and his career in a whole new light that continues to gain momentum. 

Next, we’ll focus on Kanye’s life after renewal to the present day along with what has been deemed as Kanyean Philosophy. 

Click here, Markethive is Completely Free To Join

Click here, Markethive is Completely Free To Join

Deb Williams
A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals. 

ENTREPRENEUR ONE UPGRADE
Introducing The Cherry On Top 

By now a good many members of Markethive are either a part of or at least heard of the Entrepreneur Upgrade Program.  This has now been broken down into separate grades as explained in this blog by Thomas Prendergast, the Founder, CEO, visionary and creator of this much needed and sought after platform whether a person realizes it or not. There is a huge market looking for what we do. 

There are so many facets of Markethive, it can be a little overwhelming at first, but the bottom line is you have everything and I mean everything here to succeed in whatever it is you do.  There have been 20+ years of high energy poured into Markethive. This is a Divine inspiration, this is spiritual magic-ness, and is putting everybody who signs up into the business first and foremost. 

We are at *Entrepreneur One Upgrade (*EP1) presently which is the premium highest level you can acquire. It contains all the services, loyalties and advantages to leverage and accelerate your success here at Markethive. This is limited and will cease by year-end. Keep in mind that the Entrepreneur One Upgrade status is yours for life, along with all the benefits it offers, as long as you continue the $100 monthly subscription. 

The Banner Ad Program With A Twist

The Entrepreneur One Upgrade is the only program that will have the Banner Ad Program included. But here’s the kicker… Banner Ad Slots are up for Bidding! 

Let’s face it, some people are saying “I have no use for the Banner Ad Program”. Or “I don’t use them. I don’t have a personal business that requires banner advertising”  Being an Entrepreneur One Upgrade now gives you the opportunity to have a Banner business. This is totally exclusive to the Entrepreneur Upgrade One member. Let me explain… 

If you are an Entrepreneur One Upgrade (EP1) You will now be able to put your Banner Slots up for bid. If you have no need to use them yourself why not sell them?  

Coming soon, there will be a group in Markethive with an interface where all members can visit and view the banner slots, times and dates available etc, that are up for bid. You can stipulate whatever price you see fit. Also, Markethive Coin (MHV) will be the only currency used to purchase the banner slots.

Click here, Markethive is Completely Free To Join

How Does It Work

The Bidder pays you for the banner slot. They will then upload their banner into your Banner Control System and the Markethive Admin will take the necessary steps to approve it.

Note: There are certain guidelines and qualifications that need to be followed when creating a banner: 

• Ensure your banner is sized to 960px x 80px.
• Use images with white or transparent backgrounds.
• Fade any graphics to white that touch the banner edge.

If it doesn’t meet the qualifications. Markethive reserves the right to make changes to it. This will be free of charge as an Entrepreneur. 

So now you can sell your banner slots if you are not going to use them for your personal business. This is a limited resource to an ever-expanding market. The demand is only going to continue to increase.

Click here, Markethive is Completely Free To Join

A Lucrative Business Within A Business

Imagine that you, and only a handful of others having total control over the banners that are being sold on Coinmarketcap for an average of $300,000+ a month! To break it down, at Coinmarketcap you will pay $16 per CPM (Clicks Per Mille = 1 Thousand Impressions) 
On average the estimated impressions for a top banner per month is 26,595,000. That works out to $425,520 per month. 

Banner advertising is a very lucrative business and a proven way to acquire visitors and signups for your business, especially on a popular website. Also, as a rule of thumb, the lower your Alexa Rank, the more you can charge for banner advertisements. Coinmarketcap currently sits at 382 on Alexa Ranking. 

Markethive, with an ever decreasing Alexa ranking (currently at 8700) and a consistently increasing number of unique visitors and members at Markethive, along with the chance to pay only $100 per month into a loyalty program (*EP1) where you get ownership of a limited resource of the most prominent, sought after advertising spot in Markethive make this an exceptional lucrative opportunity. 

At present,  Markethive is receiving nearly 200,000 unique visitors a day and steadily growing organically.

To give you an example, let’s say the EP1 is capped at 300 members. 100,000 unique visitors divided by 300 EP1s = 333 impressions on one page. The number of impressions into 50 pages per day would equate to 16,700 equalling 501,000 impressions per month. So if you had to pay a rate of $10 per CPM, that would equal $5,010 a month for banner advertising expenses. Keep in mind these banners will be viewed on the complete Markethive Network and all other systems that we have, so the number of impressions any banner receives will be exponential. 

You will get this type of exposure for only $100 per month with the Entrepreneur Upgrade One, and now we have the cherry on top where any EP1 member can create a Banner Ad business within the Markethive system by putting their unused Banner slots up for bid and being paid in MHV. 

Coin Velocity

This is just one more way Markethive is increasing our coin velocity. The fact that we are a meritocracy, exponentially growing daily as a social network with all the marketing tools, gamification, and loyalty programs we have and are still implementing is ensuring the credibility, velocity, and ultimate success of the Markethive Ecosystem and its Universal Income.

 Many coins and tokens on the market have no velocity as they don’t have a real use case. All the services free and otherwise Markethive offers, increase the velocity, supply, and demand of the MHV coin. Utilizing the coin within Markethive for services and loyalty programs including but not limited to,

• Faucets/Micropayments
• Incentive Loan Program
• Press Releases 
• Sponsored Articles
• Banner advertisement 
• Banner Slot Bids
• Boosting Posts
• The Vault

By the very nature of MHV being a consumer coin, it’s not open to speculation like many other coins on the market. The benefits of being on the inside of Markethive transacting with MHV in its ecosystem are many, and while this is happening velocity and demand increase.  The added benefit is the Markethive Exchange and MHV being listed on 3rd party exchanges gives it liquidity. 

Conclusion

The introduction of the Banner Slot Bidding which is a great way to earn even more income is just one more reason to Upgrade to Entrepreneur One before it closes for good.  

Soon we will be able to buy MHV from open market Exchanges and transfer into your Coin Clip in Markethive to purchase ILPs with MHV. I will delve deeper into that topic in a future blog. Stay tuned for updates and more exciting things to come. 

Click here, Markethive is Completely Free To Join

Click here, Markethive is Completely Free To Join

Deb Williams
Market Manager for Markethive, a global Market Network, and Writer for the Crypto/Blockchain Industry. Also a strong advocate for technology, progress, and freedom of speech.  I embrace "Change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals.

How Does Markethive Create Token Velocity? 

What Is The Difference Between A Token And Coin? 

Firstly, let’s set the stage to determine what the terms Coin and Token really mean. They are often used interchangeably however they are fundamentally different. A crypto coin such as Bitcoin, Ethereum and Markethive Coin have their own Blockchain, otherwise known as an Independent Distributed Ledger used for transactional purposes. Coins have the same characteristics as money. They are fungible, divisible, acceptable, portable and durable with a limited supply. 

Tokens are a representation of a particular asset or utility. It usually resides on top of another blockchain.  Generating a token does not require creating a blockchain from scratch. They are fundamentally made possible through a smart contract and are created to fund project development or start-up company as is the case with the  Markethive ILP. (Incentivized Loan Program)

To sum it up, coins are a method of payment, while tokens represent a company’s share or provide access to a product or service within the company. Coins are fundamentally currencies that are used for buying and selling things. You can buy a token with a coin, but you cannot buy a coin with a token. 

Coins operate independently while a token has a specific use in a project's ecosystem. 

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How Important Is Coin Or Token Velocity?

What is Velocity? Velocity is the speed at which transactions take place and is a key aspect that affects the value of the coin in the future. Velocity is correlated to transactional volume so a level of currency movement is needed in a healthy economy. 

In attempting to describe token or coin velocity, there are a few different explanations that vary in their solution. It’s a whole new way of looking at value creation that requires a different level of abstraction as illustrated in this blog post.

Low velocity essentially means people are holding on to the coin which minimizes the velocity, in the hope the price increases. In actuality, if you hold all coins and nobody trades or utilizes it then the transactional volume collapses and so does the price of the coin simply because there is no demand. 

People may store it simply due to speculation of a price increase. More speculation drives the price up further, however, the process also works in reverse as people start to sell the coin. The more people sell, the further decrease in price. Fundamentally, because there is no need to hold the coin as the price is only linked to speculation.

Velocity that is too high can also be detrimental to the coin. There are currently many token economies being projected as purely a medium of exchange token. 

Let’s look at a hypothetical example. A decentralized Cab company creates a token to be used within its economy, so all passengers using their service need to acquire their token for payment. So the passenger converts Fiat or BTC to the company’s “Cabcoin” to pay the driver. The driver immediately converts it back into Fiat or BTC as no member wants to hold the coin because all other expenses are in fiat. After all, they have bills to pay. 

If the company grew as big as Uber, then the transactional volume would be very high and so would the velocity. Overall, the company may have $40 billion in value, but their Cabcoin would not accrue this value. 

Velocity — Not Too Hot, Not Too Cold — JUST RIGHT

Goldilocks Zone — Clearly the ideal velocity needs to be maintained within a range. Too low is damaging and so is too high.  There needs to be a balance between holding, circulating, and transacting to maintain a healthy ecosystem and sustainability to ensure the coin value. 

Token Economies are still very new technology so more research needs to be performed. Even the financial experts in the field of economics have conflicting analogies at present. They are calling it an economic tautology, however, it stands to reason we at Markethive are on the right track here. 

Not only is Markethive Coin a medium of exchange, but it also has great utility value in its products and services. It is a consumer coin so there is a need to hold it and consume it within the ecosystem of Markethive. 

Click here, Markethive is Completely Free To Join

Maintaining The “Just Right” Velocity

There are different scenarios that can be used to adjust velocity. These involve incentivizing members or coin users to hold at least some of their coins for an extended period of time and also use them within the ecosystem. If the consumer or utility benefit of the ecosystem doesn't go beyond the holding cost, then the system will struggle to achieve adoption. These include: 

Products and Services

As Markethive is a Social Network with much sought after products and services, the traction and membership are ever-increasing at an exponential rate, therefore, creating more demand, which in turn diminishes supply which leads to an increase in the coin price. 

Click here, Markethive is Completely Free To Join

Faucet/Micropayments

This gives all members an opportunity to accumulate their coins just by taking part in daily activities where they consistently earn MHV on the platform thus creating velocity. As the demand increases, the supply drops which in turn increases the price. 

Tipping is another way to keep the coin circulating within the ecosystem. 

Gamification is fun and creates incentives for members to accumulate and hold the coin.

Become a Store Of Value

When people see real value in a token or coin, they are more willing to hold on to excess tokens for longer rather than selling them. 

Become A Cryptocurrency

When people trust the stability of the coin compared to other alternatives they hold the currency so they can purchase goods and services with the coin within that ecosystem at any given time. If the users of the network are also providers of the network, they are not likely to sell their coin.

Click here, Markethive is Completely Free To Join

The Vault — Staking

The Vault will be designed and implemented prior to the wallet being added. Once the wallet is active, Markethive Ad Credits and MHV Coins can be purchased and transferred over into the Vault. So this is like an online banking system. It’s a savings account with interest paid on it. This is an ingenious way to ensure the long-term sustainability of the Markethive Ecosystem. That’s a whole other blog for a later time.

 Profit-Sharing — Loyalty Program

Markethive’s Incentivized Loan Program (ILP) is another perfect example and trumps the issue of an unbalanced velocity. In this case, you’re not buying a safe with a limited number of tokens, you’re buying a field full of oil wells. As the Markethive Coin (MHV) is already active on the blockchain and in exchanges, this makes it possible to purchase a percentage of an ILP with the Markethive Coin. 

An added advantage is the fact that we are a meritocracy and all Markethive members are able to take part in and own a portion of an ILP which means they share in the success and wealth of Markethive. 

You will be able to buy MHV from exchanges (open market) and transfer into Markethive to buy ILP before the wallet is launched. 

• 1 ILP will cost 1 million MHV
• ½ ILP will cost 600,000 MHV
• ¼ ILP will cost  350,000 MHV
• 1/10 ILP will cost 200,000 MHV
• 100thILP will cost 5,000 MHV

All the way to a 1000th ILP (to be advised) 

Once the wallet is launched you will then be able to sell your ILPs to the many who want them. As the velocity and the price of the coin increases the number of ILPs will reduce. They will diminish just as the airdrops and micropayments will reduce. 

There will always be a percentage of people “cashing out” their coin, however, given the nature, utility and consumer value of Markethive will ensure a healthy combination of transactional, and holding activity. 

Conclusion

After much research, I have discovered the velocity of tokens and coins to be a very complex topic, with very little data to draw analogies from. From what I understand and agree with is there has to be a Goldilocks Zone to maximize the complete economy of any given token or coin and its ability to capture and essentially hold its value.  

A token that is only a medium of exchange has a very strong chance of falling victim to price manipulation. Alternatively, Markethive has in place, numerous velocity stabilizers including staking, (The Vault), network utility expansion, and the fact it is a cryptocurrency coin, will keep the balance of velocity. This ensures that the velocity is maintained for the initial and long term price of MHV and is indicative of a healthy Markethive Ecosystem. A strong economy will in turn sustainably increase MHV’s price.
     
Coins or Tokens that are structured to capture a significant portion of the economic value generated by the network will reward both the investors who took on early-stage risk as well as the platform who can continue to fund development through the retention of now valuable tokens. 

There is a huge market looking for what Markethive does. You’re not just buying or earning to accumulate a coin, you’re buying an oil field. Markethive is an eternal economy that has more demand than supply, therefore, the demand will continue to outstrip the supply. The bottom line being the Markethive Consumer Coin (MHV) and Incentivized Loan Program or ILP Token (HFS) will only become increasingly more valuable. 

Click here, Markethive is Completely Free To Join

Click here, Markethive is Completely Free To Join

Deb Williams
Market Manager for Markethive, a global Market Network, and Writer for the Crypto/Blockchain Industry. Also a strong advocate for technology, progress, and freedom of speech.  I embrace "Change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals. 

Out of the blocks — but how big will blockchain be for marketing?

You’ve almost certainly been told that blockchain will transform our profession — but the chances are nobody’s been able to tell you how by

5 Easy and Safe Ways to Earn Free Ethereum in 2020

In this article, we will be listing five easy and safe ways to earn free Ethereum,
without having the need to invest your own money and the risk that is associated with it. The payouts are small but over time they add up to a good chunk, enough to challenge those who still believe that “there is no such thing as a free lunch.” The crypto industry has created many opportunities for individuals to realize their dreams of financial freedom, but it’s worth pointing out that, whatever you find out there, if it looks too good to be true probably is.

Cryptocurrency Faucets
A faucet is usually a website or app that offers the user a small amount of crypto in exchange for performing a task. Most of the time the task required is completing a simple captcha, but it can also be watching an ad or playing minigames. A faucet makes money via the ads on its platform, and shares some of the revenue with its users in the form of cryptocurrency. There is a timer, however, you can’t reclaim money from the faucet every minute, and also a minimum withdrawal requirement, meaning that you will only be able to reclaim the free Ethereum to your wallet after a certain amount. Ethereum faucets won’t offer a huge flow of value but patiently, drop by drop, you can earn a sizeable amount.

Token Airdrops
Put simply airdrops are giveaways, the definition of free money. So why would someone do something like that? Let’s imagine a new crypto project is looking to launch their own token and fund their operations through an initial coin offering (ICO) or another fund raising mechanism. One good way projects use to get the word out there and build a community is to giveaway a portion of their tokens in an airdrop. It is important to note that airdrops won’t earn you Ethereum directly. The good news is that the majority of tokens use the Ethereum blockchain (ERC-20) and can be kept in your ETH wallet and easily sold for some free Ethereum once listed on exchanges. There are various platforms out there where one can track the latest airdrops.

Crypto Bounties
Bounty campaigns are a tool used by new crypto projects to help them get some initial traction and online buzz. The participants are required to do simple tasks such as leaving a like, comment, or sharing social media posts from a certain crypto project. The most used social media platforms are Facebook, Telegram, and Twitter and the rewards are proportional to how big of a following you have on these platforms. Other common tasks include translation work, creating your own blog post and/or video content, and signature campaigns on the Bitcointalk forum, where most recent bounties appear. Once the bounty campaign comes to a halt, the newly minted tokens are distributed throughout the participants of the bounty campaign. As most new tokens are ERC20 tokens, they can easily be exchanged for some free Ethereum once listed on exchanges.

Work for Ethereum
Yes, I know what you are thinking. Is it free Ethereum if we still have to work for it? No, but the upside is that it can pay way better than the other alternatives listed. The diversity of jobs offered is the same as other freelancing platforms with the difference that the jobs are paid in cryptocurrency, in this case ether. If you have some skills in design, writing, or coding (just to name a few) it might be wise to take a look at cryptogrind or XBTFreelancer. Reaching out to crypto businesses directly may also do the trick, as some are always looking for talent to help them out. Even if most don’t reply or turn you down, companies are now more than ever seeking talent in the crypto and blockchain space, so keep trying.

Staking and Lending
If you happen to already have some Ethereum, a good option is to lend it to others to earn interest. Decentralized finance platforms like Compound and Oasis will allow you to do just that. The way it works is the platform will receive the money and lend it to others, usually margin/short traders, and share the interest it receives with the lender. Another good option is to stack up on Ethereum before its major 2.0 update. Among the many improvements, the network will be switching from a Proof-of-Work to a Proof-of-Stake consensus algorithm. Once that is done, if you have a sufficient amount of Ethereum (probably 32 ETH) you can stake it and earn interest.

The Bottom Line
Some methods involve a lot of work, others don’t require much of anything. Some you need to already own Ethereum, while others allow you to start from zero (although the payout is considerably smaller). Crypto has made value accessible to anyone with an internet connection, so choose the one method that best fits your needs and skills and you will be carving out your own space in the cryptosphere, starting with some free Ethereum.
Article Produced By Antonio Madeira

Own A Piece Of Markethive — Lifetime Income Opportunity
Markethive, the first Social/Market Network built on the Blockchain, introduces The Entrepreneur Program

The Entrepreneur program is designed to leverage your system. Your free Markethive system is a market network, like a social network, but with powerful inbound marketing tools integrated into the system. This premier hybrid social network includes news feeds, blogging platforms, video channels, chat channels, groups, image sharing, link hubs, resume, profile page and peer to peer commerce. But more than a social network, we have also delivered to you “Inbound Marketing tools” like broadcasting, capture pages, lead funnels, autoresponders, self-replicating group tools, traffic analytics, and more. Plus, we are built on the Blockchain which allows Airdrops of 500 Markethive Coin (MHV) upon joining and micropayments for using the tools mentioned above. This is all free to you.

The Entrepreneur program is designed to add gold plating to an already stellar and unbelievably valuable system you receive for free.

The Markethive Coin — MHV Consumer Coin
Notably, MHV was listed on the first of many exchanges, including its own exchange [in development] in March in 2019 and is currently valued at $0.18. The Markethive coin will not be dependent upon speculative value as is the case with other cryptocurrencies and platforms, thereby creating eternal economic velocity in the entrepreneur ecosystem within Markethive.

Click here, Markethive is Completely Free To Join

Click here, Markethive is Completely Free To Join

BLOCKCHAIN EVOLUTION – 
A Global Revolution

It should be clear by now that the blockchain and distributed ledger technology will play a very important role in our future, but it’s not. Blockchain adoption statistics show that half a percent (0.05%)  of the human population is currently using blockchain technology, or somewhere around 40 million people. According to an HSBC survey, 59% of consumers have never heard of blockchain and 80% of those that have heard of blockchain don’t understand it. 

According to even the most conservative estimates, this number is expected to quadruple in 5 years, and in 10 years, 80% of the population will be involved with the blockchain technology in some form. It’s just a matter of education on a simple level where the mainstream community can grasp the concept and understand that this technology stands for freedom, privacy and equality on every level in every country worldwide.

WHAT IS BLOCKCHAIN? How Would It Serve Us?? 

courtesy of Blockgeeks

Firstly, let’s take a historical look at how this all came about. Was it just a coincidence? Society has been indoctrinated for so long and tends to stay within the status quo or have become complacent putting up with the way things are. It’s time to educate ourselves and be ready for a major shift from the world as we know it. This will benefit our quality of life and the lives of every living soul on the planet. 

Do you know what fiat currency is? Many people do not or at least don’t understand what it means. Here is a short explanation of how it has become detrimental to the economic system we all rely on today;

What Is Fiat Money?

 Fiat money or paper money has been defined as any money declared by a government to be legal tender. State-issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard. Intrinsically, it’s valueless money used as money because of government decree.

Throughout history, fiat currencies have had the order of rising and eventually collapsing, often due to devaluation. Initially, paper money gets introduced into an economy whereby it creates an economic boom. Over time, however, it gets overprinted, slowly building inflation and losing value.

Fiat money is a government-issued currency that isn't backed by a commodity such as gold. Essentially it gives governments' central banks greater control over the economy because they control how much currency is printed.

We all know that money is an entity that can be used in exchange for goods and services and then, of course, there is another system to keep track of its ownership and transactions?—?who owns what, who has what, and who owes how much to whom. 

Historically, it has been widely accepted we need a third-party trusted entity to keep track of money, to keep those transactions and deal with the conflicts, if applicable. But that trusted party being central banks and the Government comes with a cost in terms of efficiencies, the potential for corruption, extra fees and so forth.

The GFC Of 2008 — A Prime Example

In simple terms, let’s go back and see the money flow in a specific scenario in the USA during 2008 where the trust model did not work that well – 

People were earning more money and stored it with a central authority (i.e. banks).
The central authorities/banks started to facilitate risky loans to attract new customers and faced significant defaults on such loans. Due to the inability of the people to pay back the money, many banks collapsed and filed for bankruptcy.

Banks were also using people’s money to invest and lost all the money that the customers had trusted them with. In a nutshell, the banks lost the money that the customers deposited with them, leaving the customers no way of recovering their money.

With the banking system on the brink of collapse, the Government tried to save or bailout some institutions by offering the people’s money (i.e. tax revenue). That created extra expense and of course exceeded the Government’s budget or income, so to alleviate this, the Federal Reserve chose to print more money. There seems to be this trend of printing money to “fix” problems. Theoretically, there is no fixed limit to the amount of money a government can print. A couple billion here, a few hundred billion there, and pretty soon you have a real liquidity crisis; the kind where you are drowning in money, none of which is worth much of anything.

The Gold Standard Kept “Them” Honest

In the past, in the USA and many other countries, Gold was used as the standard where the authorities could not print more money than the gold reserves and it seemed to be a good way to ensure that we use our economy like debit cards so as to keep inflation in check. Basically, you can’t spend what you don’t have.  But now we have credit cards and can spend what we don’t have. Whatever the perceived intentions Roosevelt and Nixon had to cut ties with Gold initially, there have since been ramifications. So effectively, now the Government can print as much money as they want which brings a multitude of issues.

Primarily, with more money being printed, the value of money is reduced and the economy is impacted. As an example, if you have $100 and the country has a total of $ 1000, you own 10% of the money. If the Government prints an additional $1000, you only own 5% of the money and that decreases the value of your money. 

This is what happened in the crisis of 2008. Banks giving bad loans were the cause. Printing the money was a mitigation that helped in this specific case.

Central banking is immoral. Fiat money and its inevitable inflation are theft; the banking monopoly robs people of opportunity and prosperity; the punishment of financial dissenters, such as black marketeers, negates freedom by denying individuals the use of their own property. Central banking’s structure has become so transparently unstable and fraudulent that people have lost their confidence and sense of security in it.

Technology Rises To The Fore

Only six weeks after the crisis, on Nov 01, 2008, a new concept and technology came to light that will positively impact society, business and reshape the financial world. ?A person (or persons) by the name of  Satoshi Nakamoto created a decentralized cryptocurrency known as Bitcoin and pioneered Blockchain technology.  The idea was to create a world where no central authority can control all the money. 

“I’ve been working on a new electronic cash system that’s fully
peer-to-peer, with no trusted third party.”?—?Satoshi Nakamoto

So, What Is A Blockchain? 

Blockchain has been defined as a digital ledger in which transactions are recorded chronologically and publicly. Interestingly, Satoshi Nakamoto, who developed and released the first blockchain never actually used the word “blockchain”. Only the words block and chain. 

A blockchain consists of a number of blocks, hence the term. Each block is a record of transactions of specific data, which can contain anything from Cryptos to voting records to medical data. When one block is completed and can no longer be updated with new data, it is added to the chain and another, new block, is formed.

All the information on the blockchain is publicly available, as it’s a decentralized system. Decentralized literally means that the information is stored on many computers distributed around the globe, and there’s no specific party or authority to control it.

Visualizing Blockchain Technology

You could think of blockchain as the Google Docs service — this is a very clever metaphor from William Mougayar.

Do you still remember the good-old-times when people used to create separate Word documents, save them, and then forward them to others for editing? You might, and some of you may still be doing it.

These days, it’s much easier to use a Google Doc, which allows us to create, view, comment, and edit the information in a live document online, given that we have the link and know where it’s located.

In a similar way, blockchain allows for the distribution of information. So, there we have a Google Doc — a block — that is duplicated thousands of times across a large network of computers around the world — a chain of blocks. The network is set to update every single document or block as and when it changed.

Blockchain — More Than Crypto

The blockchain is an undeniably ingenious invention and has since evolved into something greater. Blockchain technology created the backbone of a new type of internet. Originally devised for the cryptocurrency, Bitcoin, the tech community has now found other potential uses for the technology.  

Image Courtesy of Blockgeeks

The Problem with Centralized Infrastructure

Today on the Internet, we must constantly trust one another with sensitive data, transactions, and records. Most of our interactions on the Internet run on centralized web servers, and massive amounts of user data often exist in a single database. Current databases are designed to be controlled by “trusted” admins who can read, alter, block, and even delete data. The centralized architecture of the Internet today is not only inefficient but vulnerable to censorship and targeted attacks by both hackers and internal bad actors.

The Value of Decentralization

The decentralized architecture of a blockchain is a global network of computers simultaneously running the software and validating the chain of transactions is what ensures that the transaction record is never compromised. Decentralization is critical as an architectural principle. It makes a blockchain network less likely to fail, harder to attack, and harder for bad actors to game the system.

Conclusion

There are so many benefits to being on the blockchain and as more companies and industries adopt this technology the fairer, more honest and prosperous the world will become. The users of Social Media at this stage are particularly vulnerable to the issues that come with centralization being lack of privacy, data harvesting, fraud, and corruption to name a few. In the next article, we will go deeper into how the blockchain works, what industries are utilizing it and how it can positively impact social media and market networks. 

References: Blockgeeks Hackernoon

Markethive Membership is completely free — give it a try

Markethive Membership is completely free — give it a try

Deb Williams 

A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals. 

Markethive Membership is completely free — give it a try

The halving, the 50 percent reduction in block rewards on the Bitcoin network, is only two years away. Unless there is an abnormal change in hashrate, the reward for successful Bitcoin miners will drop from 12.5 to 6.25 BTC per block in May 2020.The burning question is what effect will the block reward reduction have on the price of Bitcoin (BTC)?

A Little Bit of History

Bitcoin is less than a decade old. Thus, history might not paint a complete picture. However, historical patterns and trends are an excellent place to begin any price analysis associated with blockchain technology. There have been two Bitcoin halvings: 2012 and 2016. A BTC halvening occurs every four years or after 210,000 blocks have been mined.

Both halving events have happened before significant bull runs. Whether the price rallies occurred as consequence of the Bitcoin block reward reduction is unknown. A year after the 2012 halving, BTC price rose to $1,000 in November. At the time, it was the highest ever recorded price for the number one cryptocurrency. A year after the 2016 halving, Bitcoin (BTC) also reached another record milestone. BTC prices rallied to an all-time high of $19,500 in mid-December 2017.

Halving and Bitcoin Price

The historical pattern shows Bitcoin prices booming one year after each previous halving. However, history doesn’t always paint a complete picture when it comes to the Bitcoin markets. Case in point, the anticipated Consensus price rally failed to happen this year even after many leading experts made bold predictions.

There is a direct correlation between bitcoin halving and its price. However, the event’s impact isn’t felt immediately based on basic economic principles. According to Bitcoinblockhalf, the current inflation rate is 3.85 percent — the number of Bitcoins minted every year. This number will become less and less with every single halving, until the number of Bitcoins reaches 21 million. At that point, miners won’t be able to mint new Bitcoin.

In theory, when the supply of new Bitcoin is less than the demand for it, the price should rise. What is more, even if demand doesn’t increase, the supply will decrease, causing the price to go up.

Another thing to consider is the effect of Bitcoin halving on miners. Reduction in Bitcoin block reward means a decrease in revenue for miners, especially if the mining difficulty remains significantly unchanged.

A lot depends on the price of Bitcoin in the months leading up to the halving as well as the transaction volume on the network. Miners earn fees for facilitating transactions in addition to the block rewards for their mining efforts. If Bitcoin prices rise high enough to offset whatever the halving might cause in revenue drop, then the odds are that hashrate will not change significantly.

Nevertheless, predictions have been made once again with some suggesting giant numbers, hardly even imaginable based on the current state of the crypto market. According to a summary of Bitcoin’s price at the first two market cycles prior to the block halvings, the digital currency could reach $10 million by 2023.

However, not all agree that the 2020 Bitcoin halvening will necessarily trigger a bull run. According to one forecast which considers the effects of the next halving, Bitcoin’s price could continue to fall down to $3,000 by 2020.

Halving and Hashrate

Commenting on the potential impact of halving on BTC price, Garrick Hileman, the research head at Blockchain said that:

Cryptocurrency markets are often very event-driven, and as we get closer to the next halving bitcoin’s price will receive a boost from those anticipating the forthcoming reduction in new supply. In the months leading up to the last two halving events, we saw bitcoin’s price steadily trend upward, and then power higher following the reward halving.
Hileman also went on to say that a significant change in crypto mining hashrate due to the halving was unlikely. He went on further to say: Miners have historically shown a willingness to maintain or increase computing power through halving events because they expect future bitcoin price increases to offset the reduced block reward.

Do you think the 2020 Bitcoin halvening will have any significant impact on the price of Bitcoin? What are your 2020 Bitcoin price predictions? Let us know your thoughts in the comment section below.

Own A Piece Of Markethive — Lifetime Income Opportunity
Markethive, the first Social/Market Network built on the Blockchain, introduces The Entrepreneur Program

The Entrepreneur program is designed to leverage your system. Your free Markethive system is a market network, like a social network, but with powerful inbound marketing tools integrated into the system. This premier hybrid social network includes news feeds, blogging platforms, video channels, chat channels, groups, image sharing, link hubs, resume, profile page and peer to peer commerce. But more than a social network, we have also delivered to you “Inbound Marketing tools” like broadcasting, capture pages, lead funnels, autoresponders, self-replicating group tools, traffic analytics, and more. Plus, we are built on the Blockchain which allows Airdrops of 500 Markethive Coin (MHV) upon joining and micropayments for using the tools mentioned above. This is all free to you.

The Entrepreneur program is designed to add gold plating to an already stellar and unbelievably valuable system you receive for free.

The Markethive Coin — MHV Consumer Coin
Notably, MHV was listed on the first of many exchanges, including its own exchange [in development] in March in 2019 and is currently valued at $0.18. The Markethive coin will not be dependent upon speculative value as is the case with other cryptocurrencies and platforms, thereby creating eternal economic velocity in the entrepreneur ecosystem within Markethive.

Click here, Markethive is Completely Free To Join

Click here, Markethive is Completely Free To Join

The Reality Of Multi-Level Marketing

Over the past few days, I’ve been doing some intensive research about Multi-Level Marketing (MLM) Companies and the people they seem to attract. During my research, I have found there are opposing views to the extreme on the subject which makes it a difficult topic to discuss. There are some who are passionate about it with well-known celebrities advocating, to the point of being an ambassador for a company. [If they are in it, it must be good!]  And on the other hand, if you admit you are in an MLM company people will run a mile and avoid you like the plague. 

There are some reputable MLM companies out there because they focus on the product more than the pyramid structure of recruiting. However, the problem with many multi-level marketing companies and the reason the industry has such a bad reputation is that they make it intentionally complicated, vague on important details and the overhype which gives the recruitee unrealistic expectations. 

It’s also difficult to establish whether or not the company is built around the consumption of the actual product or the premise that you need to bring in more people under you to succeed. If you scan the internet you will find dozens of negative articles such as “What’s Wrong With Multi-Level Marketing?” and very few articles in favor of them. 

Reputable Studies On Multi-Level Marketing

About one in thirteen people of 18 years plus have participated in at least one MLM company according to the AARP Foundation. But do these people really make money or even a modest living at multi-level marketing? What is the actual likelihood of success? 

The AARP Foundation did a study that explores the mindset, expectations, and experiences of MLM associates. The results can be found in this report titled “Multi-level Marketing: The Research, Risks, and Rewards.”  The study points out that while it’s possible to achieve some success with an MLM organization, it’s not common. 

The study found that 44% of associates dropped out after less than one year. Another study conducted by Jon M. Taylor, Ph.D., founder of the Consumer Awareness Insitute goes into a little more depth on dropout rates: 

• A minimum of 50% of MLM representatives drops out in the first year.
• A minimum of 90% of representatives leaves within five years.
• By year 10, only those at or near the top have not dropped out—which means at least 95% of representatives have dropped out.

Notably, around two-thirds of the associates in the AARP Foundation’s study said they would not join the same MLM company after knowing what they know now. 

How likely are you to be able to make money in MLM? 

The fees and money for products that need to be invested or outlaid by associates to be able to participate and/or keep their status within an MLM company have run into the thousands. Notably, a very high percentage of people have never recouped their expenses and in reality, only a tiny percentage of representatives actually succeed in making the high earnings promoted by some companies. Some don’t make money at all and some, unfortunately, lose money. 

The AARP Foundation study showed that only around 25% made a profit with MLM, 27% broke even and about half of them lost money. Of the 25% that made a profit: 

• 14% made less than $5,000
• 6% made between $5,000 and $9,999
• 3% made between $10,000 and $24,999
• 3% made $25,000 or more
• .05% made $100,000 or more

Interestingly, the ARRP Foundation found that 52% of MLM associates said the company’s representation of achieving financial success was “not too accurate” or “not at all accurate”. Taylor produced a staggering conclusion from his research saying that 

“On average, one in 545 is likely to have profited after subtracting expenses, and 997 out of 1,000 individuals involved with an MLM lose money (not including time invested)”

In this video, John Oliver, the comedic host of Last Week Tonight, gives a passionate and satirical presentation about certain MLM companies in light of the events regarding Herbalife and the Hispanic community that was burned by Herbalife as portrayed in the movie documentary  “Betting On Zero”. 

Who Do You Trust?

There are some well-known MLM companies that are product-centric. The recruiting component is secondary. The company gets most of its revenue from products or services, not new customers. This means they have compensation plans designed around the product sales at which you are more likely to generate a substantial income on the products alone and not be reliant on the number of recruits or their sales. Additionally, they have a large customer base that are not distributors of the company. 

Before joining an MLM company, it’s crucial to research the company and products thoroughly. Be sure the products are something you believe in and trust. It’s hard to promote something you don’t believe in. I would go so far as to say love and use the product and above all love what you do. It’s a well known saying, “If you love what you do, the money will follow.” Ok, well… It sure beats doing something you don’t like. 

When a company or its representatives display grandiose tactics and hype over the premise of making big money especially with very little effort, it’s a red flag. It seems to me that since the dawn of the internet there are many more MLM’s and money-making programs promising this, which has bred a culture of laziness and desperate people expecting big things in return for little or no work. 

Referral Companies — Loyalty Programs — A Win/Win 

Referral companies seem to have the secret sauce when it comes to market growth and sustainability, and it’s not at the risk of pyramidical saturation or loss of financial outlay. Companies that have referral programs use cost-effective marketing strategies by rewarding existing customers or associates to spread the word about the company and its products. By the same token, new customers are rewarded for joining.  This can be in the form of cash, discounts, redeemable points, subscriptions and now in the new era of blockchain, we have cryptocurrency, airdrops, and faucets.

Successful Companies That Have Championed Referral Programs

PayPal – They literally gave away free money. Referrals helped Paypal achieve up to 10% daily growth increasing their user base to over 100 million members. The company dropped the refer-a-friend bonus upon reaching a critical mass of early adopters but kept the merchant bonus until they reached their target numbers. 

Dropbox – Modelled after PayPal, Dropbox’s referral program, they added a double-sided referral program, where both referrer and friend were rewarded. They permanently increased signups by 60%. The referral rewards were extra storage space which was key to usage and enjoyment of their product.

Airbnb — In 2011, 3 years after its initial launch, Airbnb first tested the new referral program in a hugely successful closed-beta program of 2,161 existing members, which brought in 2,107 new members, nearly a 1:1 ratio. It has since seen remarkable growth especially with loyal advocates like the very enthusiastic single user in China led to thousands of signups and hundreds of bookings in a single month. 

Uber — Uber has run multiple referral programs at once, for both passengers and for drivers — and set the benchmark for future ride-hailing apps. Uber has covered more than 50 countries in 3 years. With a referrer’s Invite link and a clear call to action to refer friends makes it easy and simple. The bar at the bottom of the image is a clever piece of gamification. Let’s face it, people love games and who doesn’t want to fill up progress bars? 

Markethive Membership is completely free — give it a try

Evernote – Their referral program relies on a point system and has a dual-sided referral incentive program that either gives people additional space or premium membership. Notably, the clarity of what constitutes a referral is clearly defined. Once the referral has signed up, they must also sign in. Their Cloud Notebook has been extremely popular, acquiring their first million users in 14 months and hitting 11 million users two years later.

Markethive Membership is completely free — give it a try

Markethive — Being the first Social Market Network on the blockchain with its own crypto coin (MHV) and exchange is leading the way with cryptocurrency referral incentives and loyalty programs. MHV is an open-source digital value transaction technology that can be made accessible to cryptocurrency exchanges as well as used for transactions between Markethive’s Market Network participants, and to pay for products and services, etc.

Currently, still in beta, the active user base has gone from 4,000 to 56,000 in a few short months entirely by word of mouth and growing exponentially. In less than a year Markethive has grown from obscurity to rank in the top 5 of companies in the blockchain media companies with an Alexa ranking of 11,500 as of Nov 2019. Markethive rewards active members with airdrops and faucet like payments, and members that upgrade with ILP holding options. New referrals receive 500 MHV coins upon joining. This is an evergreen referral program with loyalty rewards, gamification, and competitions built into the ecosystem making it a fun, lucrative and rewarding platform for all subscribers. 

Conclusion 

Once upon a time, before the internet, the only avenue available was MLM opportunities for the average person with no experience to give it their best shot and try to make an income or at least supplement their wage. 

For the last 25 years, we’ve had the internet where so many more opportunities popped up, good and bad. The trick is to identify and be wary of scams with buzz words like “get rich quick”, “fire your boss” and “no effort required”. There are many unscrupulous individuals and companies sadly, that prey on desperate, naive people who dream of becoming successful online and securing financial freedom. 

Coming to the fore we now have blockchain technology which allows a more level playing field providing transparency, privacy, autonomy and equality with more opportunity to reach self-sovereignty. Coupled with honorable companies and noble individuals at the helm who integrate, utilize and pass on the benefits of this decentralized technology is a real win/win in my book. I believe it’s definitely getting harder for the scam artists out there. The end is nigh, people are waking up.  

Are you one of the 97% who lost money in MLM? Can you see the magnanimity of the blockchain era and how it can affect us all very positively? 

Markethive Membership is completely free — give it a try

Deb Williams 

A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals.