HiveBits founder Nemanja says six to seven out of ten jars of honey in retail are fake "One of the problems in beekeeping is a trust problem, and crypto was built to solve this trust problem. When you buy honey you don't know what you're buying, especially in retail, because all research shows that six to seven out of ten jars of honey in retail are fake honey." "What we want to achieve is that tomorrow, when you buy a jar of honey from HiveBits or a beekeeper on our network, you're 100% sure what you get at your table, because we're talking about food." "Fake honey is mostly synthetic honey produced in China, or some beekeepers mix sugar syrup with the honey. So you buy a jar of honey, but 50 to 60% of it is just sugar syrup." "I actually keep one jar I bought in Dubai, and half of it is syrup and half of it is honey. I keep it to show people, okay, this is fake honey, and this is how it looks." FT @0xBeeSmart @hivebits_io

HiveBits founder Nemanja says their hardware lifts production up to 50%, and the marketplace solves the distribution problem beekeepers have "Our internal tests show that a beehive on hardware produces up to 50% more. What that means in money we don't know, because every beekeeper is different." "Most beekeepers right now do beekeeping as a side job, and most of these people are already retired. They do it as a hobby, and they always have the same problem. They don't know how to distribute their own product, because they don't have marketing skills, they don't have sales skills, they just rely on a really small local community." "In my case I don't have that issue, because we run an apitherapy center, we know how to do online sales, we know how to do marketing. People come to our apitherapy center from everywhere, from Israel, from Sweden, from the United States, from Canada." "So what we're going to offer them. First, hardware to help them optimize their work, and of course the marketplace where they can sell their own products. And for us it's good, because we're always going to take a cut of every sale that goes through our platform." FT @0xBeeSmart @hivebits_io

HiveBits founder Nemanja on tackling the main risk in beekeeping with a data-driven approach "Our main risk in beekeeping, as in every other farming, is the weather. And the funny thing is, we found a way with other partners who have weather stations to predict where it's best for us to move our beehives to maximize the harvest for this year." "Practically, we're going into data-driven beekeeping. We're not going to make our decisions by feeling, we'll make our decisions purely based on the data. When we plan to drive our beehives to acacia, which is probably one of the most popular honeys here, with all this data we can predict where it's optimal, regarding the weather, the rain, the humidity." "Why do we have the Nectar token? Because every flower gives nectar, and bees collect the nectar. But for every specific tree or plant, there are specific weather conditions when that plant gives the most nectar. Temperature, humidity, whether it rains or not." "I think what we're doing is moving beekeeping to the next level." FT @0xBeeSmart @hivebits_io

HiveBits founder Nemanja breaks down the business model, $500 per hive per season and a data play behind it "Our base business model, which we're pitching for our raise, the main profit comes from the bee products we produce. One beehive in an average season can produce about $455 of revenue." "Plus, when you have 300 beehives, every beehive naturally wants to swarm every year. That means new beehives will be created, so we're also going to sell these swarms, new colonies, to other beekeepers. In total, one beehive in an average season can achieve up to $500 of revenue." "On the other side, because we're collecting really interesting environmental data, our goal in the next phase is to monetize this data. When it goes through our app we have more information, what the weather was, how beekeepers take care of bees, what medicines they use. Plus we get all this data from the beehive, temperature, weight and humidity, which tells us a lot about what's happening inside." "Sometime in the future we can talk about how we can use this data to optimize our work, and also to help researchers save the bees." FT @0xBeeSmart @hivebits_io

HIVE JUST UNLOCKED 290,000+ AI AGENTS ON BNB CHAIN @uphivexyz has introduced Hive for BNB Agent Studio, giving @BNBCHAIN AI agents a discovery and execution layer where users can find, compare, hire, and put agents to work onchain. - Access to 290,000+ ERC-8004 agents - Discover agents based on what you need done - Compare agents before choosing one - Hire agents to complete tasks - Execute those tasks directly through Hive - Settle activity onchain - Receive verifiable run receipts

Hive BETA is now live on MemeX 🐝 Hive is a community space where bees with shared interests gather and buzz together. Right now MemeX officially hosts 3 Hives: Sports ⚽ Pet 🐶 Trading 📈 This is just the beginning. Hive is still in BETA and more upgrades are coming soon. ...One day you'll be able to create your own Hive too. Check out now on MemeX!

The Hive bakery in Texas is at it again, having a full blown TDS meltdown Can’t they just like sell cakes and not make it about Trump?? Would be a shame if everyone in Flower Mound, Texas saw this, a county Trump won by 13 points!