Hello everyone! Just wanted to give you guys a quick update as to what is going on with both Hivelist Store and Hivecommerce Token miining Phase 2. First we will talk about some of the Hivelist store updates then we will go from there...cool with you? Alight, let's do this
Hivelst Multivendor Marketplace OPENING APRIL 1st!
That's right! I will start accepting vendor applications starting on April 1st! I mean technically now you can apply to be a vendor, but I would ask that you please hold off until then so I have more time to get some things tested.
Most of the following information can be found here:
What we do is take the payments and convert everything into HBD as it is a bit easier for accounting that way. Vendors will be paid out in HBD when a withdrawal request is made. If you are selling a physical product that you are shipping, you will be required to add a tracking number to the order before you can get paid. It is suggested to set up a line of credit, such as a credit card to pay for your vendor and merchandise fees if you are dropshipping, unless you produce the product yourself or you use our fulfillment service. This way you can pay the production costs then when you get the tracking number, you can enter it in the order information and be able to get paid! This is to help protect the customer as well as the store’s reputation.
How do I register as a vendor? Well, first all you have to do is pay the vendor registration fee via HivePay below and then you will be redirected to the Vendor Registration page. You will then use your HIVE username to sign up. This is VERY important that you use your HIVE username to register with the site. This is how we will pay your when you request a withdrawal from the store.
You will then need to have at least 5000 LIST tokens staked in your Hive Engine wallet, OR, delegate a minimum of 250 HIVE POWER to the @hivelist account. This covers your store hosting and ability to launch as many products as you wish on the store. If you choose to delegate the Hive Power instead of purchasing and staking the LIST tokens, you will earn LIST tokens through your delegation, which can help you build your stake in LIST, then once you reach the 5000 LIST required stake, you can remove your HP delegation if you choose to do so. All accounts will be audited once a month to ensure the proper amount of staked LIST or delegated HP. If you fall below the required amounts at any audit point, your store will be disabled until you reach the required stake. Once we verify your stake or delegation, then we will approve your store and you can get to business! We are working on some other possible options like a pay per product kind of thing, but right now, we like this model. For each 5k LIST that is staked for a hivecommerce store, then we will burn 5k LIST tokens, thus removing them from circulation and reducing supply!
Products and Proof of Commerce
You are in charge of your products that you offer. If you make products, be sure to set the correct amount of supply you have or just make it as you go. Also you will want to think about including shipping into your price. We will have a couple of shipping options, one being FREE shipping, and the other being a FLAT rate shipping which will one rate for global shipping. If you are a vendor outside the US, you will want to explore the shipping costs of your products and make sure you are charging your customers accordingly. Also, please be smart and do not offer any illegal products. If it is even questionable, please do not list it. We are running a legit operation and do not want the authorities snooping around if we can help from it. I am going for a more Amazon style feel than a Silk Road, lol! I want to attract the masses, not scare them away, lol.
Again we will be requiring a tracking number on the order prior to payout as, wait for it... Proof of Commerce, haha!
If you are selling a digital product, you will be able to upload your product to the media library or we suggest hosting the files yourself and using the link in the product for direct download. Digital product sales are the simplest to deal with by far. You can also sell NFT's if you have them created on @nftshowroom or other NFT platforms! We will require a transaction number where it shows you sending the NFT to your customer, prior to payout, for Proof of Commerce, lol.
If you don’t want to deal with the hassles of shipping, we will be offering a Hivelist Fulfillment service if you want to use our manufacturers or let us warehouse and ship your products for you. We will charge a submission fee for your product and then will need to pay the shipping costs to ship the products to us to warehouse. It will be similar to how Amazon does their FBA program, but we will be starting small for now as we don't have room for really large products, and not charging near as much, lol. If you are a designer or artist and want to have your own line of clothing and accessories, all you will need to do is provide the designs and we will do the rest. We work with a global group of manufacturers that product high quality products and ship pretty much worldwide. They handle all shipping costs and such and the customer is charged accordingly. This service is COMING SOON and hopefully will be ready by launch!
Store Fees and Affiliate Program
Aside from the registration charges and staking/delegation requirements, a 5% sales commission will be taken from each sale on the platform. Compare this with other marketplaces at 10% plus… It’s a good deal. Of this 5%, 3% will be paid out to the affiliates who join our Affiliate program!. If an affiliate sends a customer to the store and a product is purchased via that referral code, then that affiliate will receive the 3% commission share. The Hivelist Store will receive the other 2%. If no affiliate code is used for a purchase, then the Hivelist Store will receive the entire 5% commission. This will be used to help pay for server fees, administrative assistance, and other operational costs that are encountered, as well as help grow the service futher! We are a business and will need to make money to keep it all running.
Looking Hard At Auctions
We are working hard a having an auctions style function available as well. If this is not ready by launch, it will soon be available no long after. This is top priority at the moment as far us upgrades... even more than the whole membership thing... More details on this coming as we get the foundations set and figure that part out. I am really excited to get this feature rolling because I have some cool ideas that may include NFT auctions!
Okay so that's pretty much the big update with Hivelist!
Hivecommerce Token Phase 2... The INCOME and FIRST USE CASE!!!
Hivecommerce Token, or COM, phase 2 will begin also on April 1! This is where if you stake the COM tokens that you have been mining with your HUSTLERM, HUSTLER, and LIST token stakes, then you will start to receive payouts in CTP, SIM, WEED, and LIST tokens! The last month has been just collecting all income and holding it. At the end of this month, we will be taking a daily average of income, splitting it by 50% and then that will be the daily payout amount of each token. The other 50% will be either staked, if CTP, WEED, or LIST, and the SIM tokens will be reinvested in the @hivehustlers DCity!
With the introduction of the https://hivelist.store vendor program, we are introducting the first use case for the COM token as well! You will be able to pay your registration fees in COM tokens! The COM tokens that are paid will then be burned and taken out of circulation! Same with the LIST tokens.
We will be doing something similar with the HiveHustlers.com microjob marketplace that will begin development as soon as Hivelist is finished!
Got allot going on over here, not just the Hive world, but in the real world as well, so trying to get as much ready as possible for launch this week while juggling some other issues, so I appreciate everyone's patience in the evolution of these platforms!
Have a great day
Be cool, be real, and abide!