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Press Release

World’s First VR-Ready, Advanced A.I. And Dual-World Experience Social Network, UHIVE, To Launch ICO

LONDON, UK - April 10th, 2018 - Social networking is about to get more interesting – and far more technologically advanced. UHIVE, the social media network developed by UHIVE Ltd., has recently announced that it is moving forward with its growth plan, offering its proprietary tokens (UHIVE tokens) in a two-phase sale event, consisting of a Pre-ICO and crowd sale ICO.

UHIVE tokens  will be the backbones of the UHIVE social network digital economy, serving as the default currency used for transactions involving tangible or digital assets, goods and services among UHIVE network members.

UHIVE’s unique approach to social networking has been in the works for four years, with founders incorporating unique elements that make UHIVE the first social network that elevates user experience by inviting network members to explore the world around them and perceive information through their senses.  It is the world’s 1st social network to integrate physical dimensions into the user experience.

Offering two distinct embedded experiences, the Civilized World and Grey World, UHIVE presents users with the option to participate in one or both of its ecosystems and express themselves by navigating through them and interacting with fellow users.

The first World, named Civilized, is centralized, and governed by rules and regulations, much like the real world. Suitable for all ages and featuring identifiable communities, the Civilized World is made with the intention to offer fresh, interesting content that’s being renewed constantly, and that is always within users’ reach.

The second World, Grey, is decentralized and blockchain-based, and characterized by anonymity and complete freedom, allowing participants to experience living in a self-governed society, where “everything is open”, and infinite levels and spaces are to be explored. Users maintain full anonymity, and can strike up conversations with other Grey World anonymous users through UHIVE’s innovative chatter scanner.

“There’s been little change in the world of social media throughout their decade-long presence in our lives. UHIVE aims to employ blockchain technology, A.I., and support V.R., to offer what is yet the most advanced social media network, in terms of offered services and user experience,” said Mr. Muayyad Shehadeh, UHIVE Ltd. CEO. “UHIVE addresses the issue of privacy, which has long been a concern of social media users, by incorporating the fully-decentralized Grey World into its network, all while maintaining the option of participating in a structured, centralized network through the Civilized World. In both the Civilized and Grey Worlds, users can discover communities and other UHIVE members sharing common ideas, interests and hobbies through zooming in and out of areas and returning to them to keep up with their newest developments. We fully intend for UHIVE to become a safe space for socialization and free expression of creativity and speech, as well as a pioneering platform for being informed and entertained.”

Each UHIVE member will get to have their own spaces (profiles) which, according to the app’s proprietary A.I. algorithms and several other factors, will be assigned value, and will be sold between users in exchange of UHIVE tokens, as in real-life real estate.  The presence of the aforementioned spaces in both Worlds will be adding the fourth dimension to the app’s user experience.

Furthermore, businesses, marketers and influencers will be able to make use of their UHIVE spaces to achieve their promotional goals, benefiting from a cost-effective form of advertising with a broad outreach, which has the potential to include the entire UHIVE community.

In addition to being paid in UHIVE tokens for their participation in marketing efforts, UHIVE users will further have the chance to increase the number of UHIVE tokens they have in their possession through their engagement on the platform; the time they spend in the UHIVE app, and a number of other factors. This rewards system, which will be funded through a significant portion of UHIVE advertising revenue, has been developed with the intention of bolstering the UHIVE token’s value, and strengthening bonds among UHIVE members, as well as between UHIVE users and the app itself.

Users will further have the option to explore UHIVE spaces with their VR headsets, and even see videos or photos while inhabiting one of UHIVE’s two Worlds.

UHIVE, Ltd. will make an approximate 20 billion UHIVE tokens available during its Pre-ICO and Crowd Sale ICO. The former will take place April 11, 2018 - April 30, 2018 and will involve the sale of maximum 3 billion tokens; while the latter will run between may 2, 2018 - July 15, 2018, and will make 14 billion tokens available for sale, with an additional 3 billion tokens given out as bonuses to crowd sale participants.

The UHIVE beta app release for Android and iOS is expected in October, 2018.

The company offers 1,000 to 10,000 free UHIVE tokens to anyone joining its Telegram group and stays a member of it until after the conclusion of its ICO (Airdrops). Those interested in doing so can join through here.

The UHIVE whitepaper and technical summary, as well as its smart contract on Github, can be found here.

To learn more about UHIVE, please visit: https://ico.uhive.io/

Media Contact
Company Name: UHIVE
Contact Person: Hazem Bustami
Email: Send Email
Phone: +44 207 1931 415
Address:3, Shortlands, Hammersmith
City: London - W6 8DA
Country: United Kingdom
Website: https://ico.uhive.io/