FAQ

The H Network is a venture that is looking to create a network of platforms from which it would offer a multitude of services to users around the world. There isn't any company in the world that is currently providing a 'platform-of-platforms' completely owned and operated by it to allow people to get access to a wide range of services from a single account, and, 'H Network' intends to fill that void.

The H Network is a bootstrapped start-up that came into existence on 01st November 2015 when it initiated its pre-operations testing and learning. The founder, Raj Sharma, collaborated with various independent analysts to analyse the various lines of business that relate to the day-to-day lives of the common people around the world. On the basis of that research, certain sectors were identified where H Network would concentrate its attention in order to create individual platforms catering to those sectors with a main platform being the conduit for users across the world to access those individual platforms. That network would be the H Network.

The sectors identified by that research and analysis are:

  • Education
  • Transportation
  • Real Estate
  • E-Stores
  • Travel and Tourism
  • Media and Entertainment
  • Banking

The H Network would create subsidiaries to manage each sector and to come up with a sector-specific platform. The first platform to be developed would be for the Education sector and 'H Network' created a subsidiary, H Education World, to that effect on 17th February 2017. H Education World launched its first website, www.EnglishEmperor.com, in June 2018 and conducted a National-level exam in India on 17th Dec. '17.

H Network would devote 2018 to developing its business in that sector before making a foray into the Transportation and E-Commerce businesses in 2019.

"Crypto-currencies are digital mediums of exchange much like normal (fiat) currencies, such as the USD. These are designed for the purpose of exchanging digital information, for completing a financial transaction, through a process made possible by certain principles of cryptography. Cryptography is a technical method used to secure the transactions and to control the creation of new coins. The first crypto-currency to be created was Bitcoin back in 2009. Today there are hundreds of other crypto-currencies, often referred to as Altcoins. To put it in simpler words, a crypto-currency is electricity converted into lines of code with monetary value. In the simplest of forms, crypto-currency is digital currency.

Unlike centralized banking where governments control the value of a currency like USD through the process of printing fiat money, governments have no control over crypto-currencies as they are fully decentralized.

Most crypto-currencies are designed to decrease in production over time like Bitcoin, which creates a cap on their availability. That’s drastically different from fiat currencies where financial institutions can always create more, hence aiding inflation."

Slightly modified from the original article at 'https://www.ccn.com/cryptocurrency/'

An ‘Initial Token Sale (ITS)’ is an event in which a new project, incorporating crypto-currency in some integral manner, sells part of its crypto-currency tokens to early believers and prospectors in exchange for much-needed funding for the project’s success. For the companies offering tokens for sale, this avenue has turned into a preferred route for raising funds to give a fillip to their growth plans. On the other hand, it has allowed even individuals to become a part of the success stories that will potentially be spun out of such token sales irrespective of the nature of the tokens.

Broadly speaking, the tokens are of two kinds – one that gives a share of some kind in a project and can be deemed to be direct investment into a company, and, second, that does not allow any share in the company, directly or indirectly, and can only be used to barter services provided by the company. Buyers of the former category of tokens stand to earn a share from the profits that the company might make in the future, and their earnings and the value of the tokens are related to the performance of the company. Buyers of the latter category of tokens are either prospectors bidding on a possible rise in value of tokens due to increased demand from users of the company’s services or future users who expect to earn more services from their tokens due to an increase in value of the tokens due to demand.

Whichever category that the tokens might belong to, there is huge potential of benefits. The tokens issued by H Network for H Education World’s platform will fall in the latter category as they will not give any holding in the company in any manner and a buyer will have no claim on the profits of the company. Secondly, the value of the tokens will not be related to the performance of the company in any manner and will be related only to the value ascribed to them by the people exchanging the tokens with each other. It can be deemed akin to buying keys to enter the world of services H Education World will offer through its platforms. The buyers can either keep the keys for their own use or may pass it on to someone else with or without any profit being a consideration for such a transfer. Or, they might exchange the same for some other consideration with the others or with H Education World to utilize its services.

The Token Sale will be held in two stages as given below.

The First Stage of the ‘H Network Initial Token Sale’ will start on July 16th 2018 as per the following schedule:

Sub-Stage One: 16th July 2018 – 18th July 2018
Sub-Stage Two: 19th July 2018 – 23rd July 2018

The First Stage will end at 05.44 AM Los Angeles Time on 23rd July 2018.

The Second Stage of the ‘H Education World Initial Token Sale’ will start on August 16th 2018.

The Second Stage will end at 05.44 AM Los Angeles Time on 06th September 2018.

Once both the stages are complete, the tokens will be distributed to the buyers on 16th September 2018.

A 24-hour period will start as per the following time–schedule:

06.15 PM Indian Standard Time (UTC+5.30)

09.45 PM Tokyo Time

11.45 PM Sydney Time

08.45 PM Singapore Time

04.45 PM Dubai Time

01.45 PM Zurich Time

12.45 PM London Time

08.45 AM New York Time

05.45 AM Los Angeles Time

A prospective buyer would need to register for the sale by visiting our Home Page and clicking on the button that reads 'Buy the H'. Once registered, his/her profile will be 'Whitelisted' to participate in the sale. Prior registration would ensure that his/her contribution is easily and properly recognised and registered by our systems so that the buyer may get his/her HCoins according to his/her investment.

Once the Token Sale begins, the buyer would need to send across his/her contribution to the company's wallet address provided on company's home page, Twitter page, Facebook page, Blog, H Education World’s website, and H Network's main website.

The payment can be sent across in Bitcoin (BTC), Ethereum (ETH), and WAVES. We are trying to jump through various legal and taxation loops to try and make payment through Fiat possible and would hopefully be able to do so by the time the Token Sale is Live.

No, you would need a wallet to receive your HCoins and the wallet should be capable of receiving tokens issued on Waves Platform.

The total number of HCoins created by H Network for H Education World’s platform will be 100,00,00,000 (One Billion). The total percentage of tokens that will be released during the 'H Network Initial Token Sale' will be 10% (Ten Percent) of the total coins produced, or, in other words, 10,00,00,000 (One Hundred Million) coins will be released in the sale. The rest 90% (Ninety Percent) will be held by the company.

The cost for 1 HCoin would be $1. However, there would be discounts offered to buyers during the first stage of the Token Sale as per the size of the purchase.

The First Stage is divided into two sub-stages:

In Sub-Stage One, the buyers will receive a discount of 25% for a minimum contribution of $25,000.

In Sub-Stage Two, the buyers will receive a discount of 15% for a minimum contribution of $15,000.

Even though the H Network team is working as quickly as possible to put everything into place by the time the Token Sale is complete so that it is able to put the project on the fast track immediately, there is a lot of work that is still left to be done. To manage everything efficiently, H Network needs to ramp up resources immediately, put a lot of hardware in place, and complete plenty of administrative work. Therefore, it has been decided to raise a portion of the amount in the first stage by offering discounts to bulk buyers so that by the time the second stage is completed and the time to distribute the tokens arrives, the business would be in a position to simply hop from the Token Sale stage to the operational stage allowing for the tokens to be usable from the first day itself. The buyers in the first stage would primarily be the ones who can afford to have a larger sum of money held for a brief period unlike the smaller buyers (smaller by amount of purchase and not by value to the company).

Thus, the First Stage would be like a launch-pad for the Second Stage.

Yes, a buyer will need to buy at least 10 HCoins, or, in other words, tokens worth $10. If a buyer sends an amount less than the minimum, he will lose that money.

We will send you a confirmation email, to the email address you entered when you made the purchase, within a period of 72 hours after we receive your contribution. This will also be the email address we will use for all communication. In case you do not see a confirmation email from us within that period, please check your spam box. If you are unable to locate the email even there, send an email to tokensale@H-Education.World.

The Token Sale by H Network is a means of fast-forwarding the projects that are either already ‘Live’ or are in the pipeline. In fact, the success of the venture would depend on the availability and easy circulation of HCoins around the world. Therefore, it would be in the company's best interest to release the tokens into circulation at the earliest.

H Network will utilize the remaining 90% HCoins for the following purposes:

  • 'Follow-up Token Sales' to fund later phases of expansion of H Education World
  • 'Follow-up Token Sales' to fund development of newer platforms of H Network to cater to Banking, Real Estate, Transportation, Travel & Tourism, Media & Entertainment, and E-Commerce.
  • Easing out liquidity issues in case any take place
  • Funding Scholarships and Rewards for students
  • Paying salaries and bonuses to Hridya Education World employees, consultants, and advisors

The break-up for specific uses will be as following:

1.   Platform development – Product and Technology – 40%

10% of the total accumulations will be used for research and development of courses to be added on the platform.

20% of the total accumulations will be used for technology development related to course delivery and examination procedures on website and app(s).

10% of the total accumulations will be used for development of the Online Bookstore.

2.   Physical Administrative Set-up across markets – 20%

This portion of the total accumulations will be used to establish administrative offices across major markets like India, China, US, Canada, UK, and Australia.

3.   Operational Costs – 20%

These will include, but will not be limited to, consultants' fee, legal expenses, and other overhead or miscellaneous expenditures.

4.   Marketing and Promotion – 20%

This portion of the total accumulations will be utilized for online and offline marketing and promotional activities across each market that the company will enter with time.

H Network is not a start-up that will launch its operations after the completion of the Token Sale; it has been operational for over a year now and it had spent more than a year in studying the markets and processes before launching those operations. Thus, H Network has been in existence for nearly two-and-a-half years though it has recently adopted the name H Network and had been operating through its registered subsidiary Hridya Education World before registering under the new name.

Till date, it has been operating in a completely bootstrapped manner and this Token Sale is supposed to increase its pace of expansion exponentially. Thus, the question before the buyers should not be 'Whether H Network would utilize the funds raised for the purposes stated or not?' but should be 'Whether H Network would be able to achieve the lofty goals it has set for itself for the next decade?' And, as the answer would surely be extremely positive, the only actual question for a buyer at the end would be - When would I get to use my HCoins?

Our team has all the expertise needed to carry out its mission. The only advisors we have brought on-board are the ones who can help our projects and our business in the long-term. Many ICO Advisors have approached us to be associated with us in lieu of returns but we politely declined such offers and, instead, requested them to help us by putting out a good word for us if they really believed in the project. We feel proud to say that quite a few of them have agreed to that and have provided good words of encouragement too. We have no plans to bring on board any ICO Advisors though we are more than willing to welcome people who presence can have a direct and positive impact on our businesses and involved processes.