HiveBits

# HiveBits ($NECTAR) **Tokenizing beehives** · Futard Launch --- ## The problem 75% of all crops and food we consume are pollinated by bees, with some crops, like the Californian almond (an $11B industry), relying completely on bee pollination. Due to rising global temperatures, pesticide use, the Varroa mite and the loss of wild forage to monoculture farming, bees are at their lowest population count ever. Beekeepers lose **30% of colonies every year**, which has resulted in Chinese synthetic honey accounting for 6-7 out of 10 jars in retail. ## Our solution We've built a proprietary IoT system for smart beekeeping which enables farmers to harvest **50% more than average**. We place a hardware device underneath each hive on the farm, tracking its health and production (temperature, weight, humidity, etc.). By doing this, we help farms scale their production by **80%**. The largest bee farm in the world consists of 80,000 beehives, estimated at $16.6M annual revenue and a $100-400M valuation. We're set to build the world's largest bee farm with over 100,000 smart beehives, starting with the first raise to set up a farm of 300 beehives. ## What we're building The raise funds a **300-hive farm in Bosnia and Herzegovina**, where the hives are installed, while R&D runs in the **Fruška Gora National Park in Serbia**. | Metric | Value | | --- | --- | | Revenue (average season) | ~$149,800 | | EBITDA | ~$88,500 | | Margin | up to 59% | Every hive on the farm sits on a **HaaN node**, our own hardware, streaming weight, temperature, humidity and colony activity to **HivePulse**. Weight data alone tells us when a colony is about to swarm, when the flow starts, and when a harvest is ready, which is where most of the yield gain comes from. For token holders it does something else: production is measured by hardware, not reported by the team. The farm's output is auditable in near real time, and the same data feeds the treasury reporting the DAO votes on. ## Existing brand HiveBits is already a successful brand. We make honey, pollen, bee bread, propolis, face cream and lip balm. All of it sells out. Our honey liqueur even has a waiting list. > We don't have a demand problem. We have a production problem. Every year we run out before the season ends. ## From raise to revenue 1. Raise closes on Futard.io 2. Equipment quote comes in 3. Farm built, hardware installed 4. **Jun 2027:** season opens, first harvest 5. Revenue flows to the DAO treasury 6. Only then does the team submit a proposal for its own token allocation ## Team | Name | Role | Background | | --- | --- | --- | | **Nemanja Šćepanović** | CEO, Beekeeper | 12+ years in engineering and IoT. Builds the hardware and the platform, and runs the round. | | **Siniša Kezić** | COO, Chief Beekeeper | Traffic engineer by training, with 15 years keeping bees. Chairs the local beekeepers' association and is secretary of the national one. | ## Upside case **Bee venom collection.** A high-margin product line that can increase per-hive profit by up to 40%. It's not part of today's revenue, which means everything above our current numbers is pure upside. At scale, our volume also opens doors to major retailers like Lidl. **Data.** Every hive also runs as a data node. Each device streams weight, temperature, humidity and colony activity continuously, and at 100,000 hives that becomes the largest environmental and pollinator health dataset in existence. Data this granular is what saving bees will eventually be built on, and it is worth money to more than just us. ## Allowance & use of funds The treasury runs on a defined allowance of **$10,000 a month**: - **$8,000** into the farm - **$2,000** to the founder running it Anything beyond that requires a futarchy proposal and market approval. One person draws from the treasury. There is no second salary, no advisors, and no budget line for anything that is not a hive or the hardware under it. ## Team allocation only after the first harvest The team receives nothing in tokens until the farm has delivered a season. After the first harvest, we submit a futarchy proposal for a team allocation. It only happens if the market votes it through, and it only comes to a vote once there is revenue to judge us on. Buyers should price this in from day one rather than discover it later.