Turbo-Charging Your Due Diligence and Yield Potential on Aurora with MyHive

If there’s one watchword that sums up the cryptocurrency market, it’s DYOR.

Considered the most important tenet when investing in crypto assets, Do Your Own Research (DYOR) is a phrase that was born out of the fallout of the ICO mania of 2016, encouraging potential token holders and speculators to thoroughly investigate the asset they want to acquire, its nuances, and the technology underpinning it rather than relying on hearsay and piecemeal data.

Cryptocurrency is the next big thing in finances that are already showing many signs of becoming the future of money. Blockchain technology is revolutionizing how we approach financial transactions. However, as the industry continues to grow and evolve, so does the time and resources required to navigate the minefield of wild speculations, dangerous conjectures, and blatant misinformation that the industry has become infamous for.

Without the right tools, investing in cryptocurrency becomes a highwire act across Himalayan peaks. One wrong footing is all it takes. And in crypto, one mistake is often all it takes to lose everything.

Crypto is still a wide-open field with lots of opportunities for investment, but it’s also important to understand the risks involved before taking any action. MyHive is developing a next-generation tool for monitoring, tracking, and assessing crypto assets risk.

New Chain, Same Old Problem

Aurora is a new and exciting layer 2 for DeFi protocols. The layer offers high throughput, zero cost, and stable consensus protocol dApps and is currently witnessing an influx of builders, farmers, degens, and their attendant primates. With this growth comes incredible opportunities and peril in equal measures. From scams to rugpulls, uncontrolled inflation, yield calculation, and impermanent loss, the pitfalls are many and varied. What is needed is a comprehensive tool that provides investors with the information they need to understand their holdings and the inherent risk attached to them.

MyHive is a real-time portfolio tracker and DeFi dashboard for monitoring, tracking and analyzing your cryptocurrency performance. Browse all your holdings on the go and monitor their performance, discover new opportunities, find performance insights, and compare yields across different protocols on the network. MyHive’s goal is to create a best-in-class portfolio tracking platform, empowering investors with critical analytics tools for minimizing risk and maximizing returns.

MyHive is powered by the $HIVE token. The token allows users to:

• View all holdings in monitored Aurora chain DEX systems and your wallet holdings.
• Summaries of your holdings with metrics to maximize your yield such as:
• Yield Per Day
• Yield Per Hour
• Average Yield, including Working Yields
• Total Net Worth
• Percentage of Holdings by Coin and Platform, including exposures
• Visibility into your invested LP price to keep tabs on your Impermanent Loss (IP)
• Know when it is time to harvest your crops by getting visibility into the pending rewards of your investments.
• Full line-up page for investors to understand what is available to them on the chain — Discover Aurora

Launching the Hive

MyHive has partnered with NearPad for its Token Distribution Event. Scheduled for the 29th, the event detail is as follow:

Ticker Symbol: HIVE

IDO Date: 29th of January

IDO Supply Percentage: 30%

Initial FDV: $402k

Total Supply: 20M

Seed/Private Price: N/A

Percentage of Total Supply for IDO: 30%

Amount for IDO: $402k

Raised using what asset — USDT, USDC, FRAX: USDT

Price per Token: $0.067

IDO Vesting: 20% unlocked at TGE. 20% unlocked monthly for 4 months

Sale Start Date & Time in UTC: 16.00 29/01/2022

Sale End Date & Time in UTC: 16.00 02/02/2022

After Sale End (FCFS) Date & Time: 16.00 03/02/2022

After Sale Duration in hours: 24

Claim Date & Time: 16.00 04/02/2022 if running into after sale or immediately after sell-out — whichever is first

MyHive Links
Website: https://myhive.finance/
Twitter: https://twitter.com/MyHiveFinance
Telegram: http://t.me/myhivefinance

NearPad Links
Website: https://nearpad.io/
Twitter: https://twitter.com/NearPad
Telegram: https://t.me/nearpad