Value Plan And My ConcernsI stole the above stat from @blanchy's post which got me onto this topic originally. The two weird sponsorships that stood out were cycling (@victorwallet) which Hive bough a MTB bike for paying $6500 and have paid out over $20K in the last 12 months. The other questionable sponsor being the street workout crew known as @swc-oficial who is conveniently linked with @victorwallet . If you want to read my post here
Last week I wrote a post in regard to @valueplan and a few of the projects/sponsorships I have serious concerns about. I received no feed back which I did not expect as these are not your normal Hivers. I was not going to write another post because this is depressing but we all need to be aware of what is happening.
Today I thought I would take another look at @valueplan and today they have transferred another $1736 to our Venezuelan mountain bike cyclist.
I went and took a look at the event which happens this coming weekend on Saturday at the Tiquirito Trails. The site says they expect roughly 400 participants across the 4 categories including the kiddies race. What is obvious these are not professional events and are cycling events on the calendar like we have in our own countries regularly for everyone to participate.
Would anyone be expected to be paid for this type of event I think not and is no different from you or me taking part in a weekend race. What are we really sponsoring here?
My question is what the hell is Hive doing sponsoring someone who is clearly not atop rider on the world tour. How much visibility will Hive get from this event and from where I am sitting it seems whoever this @victorwallet is he is taking the piss literally.
If he is not designing his own clothing range adding the Hive logo as that makes this all legit. The $1736 this week is paying for a tyre repair kit and new tyres plus a suspension component apparently. Not only that we ae paying for his transport costs over a 2 day period for each event that lasts one day so maybe he has accommodation like hotel costs all at Hive's expense. he states he will be doing promotional activity on behalf of Hive, but seriously how is this legit?
I made the mistake of not asking @guiltyparties in my last post by not tagging him and am doing so now. I begged @valueplan to please look into this as the numbers do not add up and if people knew we were paying someone designing Hive merchandise for their own gig on an hourly rate of $20 per hour. I am a bit surprised we were not billed for this or have we already paid for that? Imagine creating your own job designing merch for your own gig and billing them for that time? You would be right to ask what else are we paying for if they are billing us hourly for their design work.
Why are these users receiving funds from Hive when clearly there is no benefit for Hive. There are no updates or posts on their events which raises serious concerns whether they are even attending these events. Surely if you were participating you would want to share what happened sharing your experiences to those who are funding you? A post highlighting this would seem normal nd something you could post on social media promoting Hive. Am I missing something here because this would just be obvious?
I do not like Hive to be taken advantage of and why there are some serious questions that need to be answered. I am pleading again please no more payments as Hive deserves far more as this seriously looks like milking benefitting the few being paid. Do we even know if @victorwallet is cycling this weekend and possibly someone could go and check up because how else do we even know?
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Thank you the support is appreciated.
I agree. The account is a wallet account and it is hard to find anything on this bike racing on Hive. I thought it was motor racing myself , I wasn't aware it was pedal nike riding. What's he racing in? The Tour De France?
MTB stands for mountain bike. A report of the event would be appreciated yes.
Ridiculous. There definitely needs to be more transparency. How has this gone on so long and we are just now getting all this information.
dang 20k gone like that. prob better to put that on ads
Victor has done a great job promoting Hive and we are working on partnerships in the cycling sport, which will see not only B2B results but widen our reach. He has always paid for as much of the project as he could himself, similar to our other racers in different domains, and the event bill is just the bare bones of participation costs. This bill is actually for two separate events which both have a main event day and a pre-event day. Every race of any type has this. Everyone is always welcome to come to the races.
Thank you for responding. Nothing made sense because there was no updates of any kind and all that is visible is what the payouts are for. I think many people in the community would be happy to help out and I would never ask for payment and give of what I had freely. Why are there no posts on these events because that would go a long way of easing the concerns? From my side personally I am not sold on this sponsorship idea and having updates would be a good starting point. How else is anyone going to know about this without promoting the event which Hive was involved in? This should be a must do for any sponsorship.
Well, I follow you completely. If Hive is willing to pay me a 6500 dollar MTB and expenses for competition. I would be writing the hell about it. Where’s my bike?
At least some updates would be welcome and yes this would be considered the right thing to do.
Hello @guiltyparties . Looks like from now on more people will be throwing tomatoes at your marketing idiocies. I hope you manage those negative reactions better than all that money you throw in the trash. Don't try now to say it's a nonconformity of the Zulia guys, I don't have nationality for everyone. 🙂