First Digitalized Loan Agreement on Blockchain That is Legally Binding Using Future Loan Access Token (FLAT) blockhive will elevate fund utilizing a brand new construction it developed collectively with Agrello, known as Initial Loan Procurement (“ILP"). The legally binding loan agreement involves the issuance of Future Loan Access Tokens (“FLAT”), which give Creditors who offered lending to the corporate the power to commerce their rights with others. “FLAT” Future Loan Access Token blockhive plans to difficulty the primary FLAT we name Hive tokens. Once collectors enter a mortgage settlement with blockhive by means of ILP, they obtain Hive tokens. What is HIVE token? Hive token permits collectors to enter right into a mortgage settlement with blockhive and to commerce their contracts with others. Upon concluding the mortgage settlement by means of good contact, collectors are entitled to obtain, as curiosity on the mortgage, 20 p.c of the annual working earnings generated by blockhive from the platform. This has the potential to extend as blockhive incubates extra tasks.