Tokenization: Hive For Timber
(Edited)
This is in relation to a post that was put up by @ecoinstant. It is not an endorsement of the project as much an illustration. Do your own due diligence.
How would you like to own a piece of a timber project? With the price of lumber going up, there is an opportunity through tokenization to partake in one.
Don't have any fiat? That is okay. This is based upon Hive and will accept HIVE as a means of entry.
In this video I discuss how tokenization in this instance helps the individual behind the project plus gives an opportunity to dozens (maybe hundreds) around the world.
Here is a link to the post:
https://peakd.com/hive-174122/@ecoinstant/ecobanker-first-project-one-pager-agricultural-timber
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BEER.Cool project. I recall there was a real brewer who had tokanized his batches of beer. A new and interesting way to get capital and startup money.
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Yes Cryptobrewmaster did that. They did a second round which I took part in. I havent heard anything about it of late come to think of it.
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Interesting idea and I am sure we will see many other opportunities. How many ideas do we come across each year that we know we could make money if we had the resources at hand. This kind of solves that now and opened up new avenues to make money even if there is a little risk involved.
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Most of the world has few resources, that is the problem. However, with what is taking place on Hive, we are seeing people with more than they do in fiat. Thus, a project like this could get people involved who normally wouldnt otherwise.
There are always risks that is why people have to be smart with what they are doing and only operate with that which they can afford to lose. That said, doors will be opening up for people which they usually would not have access.
This one carries a bit of intrigue for me.
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It carries intrigue for me as well even if it was small amounts to start with testing the waters. Makes sense as there are resources on here as it is real money at the end of the day. In the beginning it is play play money and now there are thousands behind many accounts and at some point that realization will become real as I have never cashed out any yet.
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There is income and wealth building. Both are important.
For now, those in the more dire circumstances, are realizing an income. That is a great step forward. At the same time, many are putting money away to hopefully build some wealth.
It is all a process, one that we need to take to higher levels.
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Thanks for the great shout out, this video really cuts to the heart of not only this project, but the sheer possibilities!
I think reputation is one very important point, I work very hard to maintain a good reputation, as well as using my real name. I think this idea, as an 8 thousand usd project, is an important stepping stone to move forward with bigger ideas as well.
Thank you for the great thoughts on tokenization as well! All duly noted 👍
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STOPTo support your work, I also upvoted your post!
I saw the post made by ecoinstant when he posted and thought it's a good idea. And I also saw how quickly people responded in a positive way.
This is another example of how blockchain can bring people together from all over the world and help them create their projects.
I guess the possibilities are endless.
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I like it, it's a good way to learn about the way tokens can be used to invest no matter where you live or how little you have to start with.
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Summary:
Task discusses the concept of buying timber using cryptocurrency, specifically Hive, utilizing a project initiated by EcoInstant as an example. The project involves leasing timberland, hiring workers to extract and sell timber, with the funding of $8,000 being sought via cryptocurrency on the Hive platform. Task explains the potential benefits of tokenizing the project to allow for broader participation and trading possibilities. He emphasizes that while there are risks involved, this method provides an opportunity for individuals worldwide to invest in assets like timber, which may otherwise be inaccessible.
Detailed Article:
Task delves into the innovative idea of purchasing timber using cryptocurrency, focusing on a project led by EcoInstant that showcases the potential within the cryptocurrency space. The project involves raising $8,000 through cryptocurrency, particularly using Hive, a blockchain platform. Task underscores that while he presents this project as a case study, it is not financial advice, and individuals need to conduct their due diligence considering their risk tolerance and financial circumstances.
The $10,000 project revolves around leasing timberland, employing workers to harvest and sell timber, capitalizing on the rising global timber prices. Task elucidates that while the project is denominated in USD, the funding is sourced from cryptocurrency via the Hive platform. He discusses the potential for tokenization, proposing the creation of tokens on the Hive Engine to represent the investment in the project, allowing for fractional ownership and broader participation.
Task highlights the advantages of tokenization in mitigating financial risk for potential investors. By tokenizing the project, individuals can invest varying amounts, enabling broader participation from people worldwide. This democratized approach allows individuals to partake in opportunities, such as timber investment, which may be typically reserved for institutional investors or high-net-worth individuals.
Furthermore, Task explores the dynamics of token trading and the flexibility it offers in the investment process. He points out that investors can trade tokens before the project's maturity date, potentially benefiting from market movements. Task stresses the need for trust in the project initiator, stating that reputation and transparency play pivotal roles in establishing investor confidence.
In conclusion, Task emphasizes the democratizing effect of tokenization, enabling global participation in asset classes like timber through cryptocurrency. He illustrates how such projects broaden investment horizons, providing individuals with opportunities typically exclusive to institutional investors. Task encourages the audience to contemplate the implications of buying timber using cryptocurrency, exemplifying the potential and prospects this methodology offers for investment diversification and global inclusion in asset markets.