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The Bee Token

Welcome my friends to a new interesting ICO today and let’s see their great idea:

The Future of Home Sharing

Beenest is the primary decentralized home-sharing system based over an arrangement of Bee Protocols that associates has with visitors without taking any commissions. Beenest basically charges 0% commissions to hosts and visitors using BEE, on account of keen contracts computerizing exchanges that sidestep commission-based stages, money related establishments, and cash sections.

The project vision:

Through decentralization, Beenest can disturb the presently accessible sharing economy models. The venture can quicken client interest by giving everybody in the system the chance to acquire tokens through referral projects and discretion. Additionally, Beenest rectifies for showcase immersion by constantly boosting visitors and hosts to add to the system by using the Bee Token.

The Bee token is utilized inside the Bee system to boost great conduct and rebuff vindictive conduct. This makes arrange impacts by adjusting token holders’ objectives and drawing in early adopters through referrals. Token holders likewise have decentralized administration over the conventions, taking into account persistent arrangements of in reverse good enhancements to the ecosystem.

Bee Protocols: (P-A-R) Payment-Arbitration-Reputation

These conventions are composed with the goal that current unified sharing economy applications like Couchsurfing or Airbnb can guide into our conventions to tokenize their offerings in the event that they pick – giving them access to a bigger and undiscovered market of crypto-aficionados.

  • Payment Protocol – send and get tokens held until satisfaction of administration
  • Arbitration Protocol – comprehend question through trustless voting
  • Reputation Protocol – oversee notoriety scores for all P2P substances

The 3 Bee Protocols are commonly valuable and accordingly take after Metcalfe’s Law. Metcalfe’s law expresses that a system builds its esteem and utility as the quantity of shared hubs in the arrange increments. Given that the P-A-R Protocols are intended to be utilized as a package, the estimation of the considerable number of conventions increments quadratically with the quantity of dApps based over them, the same way Ethereum esteem increments as the quantity of shared conventions increment.

The key advantages of utilizing the BEE P-A-R Protocols:

  • Speedier Development Cycle – Organizations will have the capacity to expand productivity and dispatch items speedier, pre-empting rivalry and expanding piece of the pie.
  • Decreased Integration Costs – By packaging our outsider incorporations into our conventions, designers diminish joining time while getting broad usefulness.
  • Speedier Network Bootstrapping – Utilizing the Bee Protocols implies approaching clients, their installment history, discretion history, and notoriety scores over all dApps based on the Ethereum stage. This enables organizations to figure out who are the great performing artists, overcoming the “cold start” issue while bootstrapping another system.

The Bee P-A-R Protocols take after the best building hones that guarantee they are bland, cost proficient, and consistent:

  • Generic – The Bee conventions are intended to be valuable and reusable with a specific end goal to be interjected for additionally sharing economy and commercial center dApps, for example, rentals,ridesharing, and internet business.
  • Cost Efficient – Protocols should be taken a toll effective by enhancing the utilization of gas. In expansion, dApps ought to be given the choice to use less expensive choices for costly on-chain exchanges, by offloading substantial and complex calculations to customary cloud-based arrangements.
  • Seamless – The team trust that early dApps should be usable by the all inclusive community through a consistent client encounter that handles Ethereum’s present and future constraints while veiling the general intricacy of the blockchain.

The Project Roadmap:

2017

  • Whitepaper Complete
  • Private Alpha on Testnet

2018

  • Beenest Alpha Live in SF
  • Launch Bee Protocols on Testnet
  • Launch Bee Protocols on Mainnet
  • Onboard 2-5 dApps on Bee Protocol

2019

  • Expand up to 5 US Cities
  • Onboard 5-10 dApps on Bee Protocol

2020+

  • Target London, Korea, Singapore
  • Bee Protocols = Golden standard of sharing protocols

The Project Team:

The Bee Token has been designed and created by a highly experienced team of technology experts. The team’s members bring together expertise that gives them a deep understanding of the challenges faced by many crypto enterprises including the legal, regulatory and compliance issues.

  • Jonathan Chou – Co-founder & CEO
  • Tony Tran – Co-founder & CTO
  • Jordan Ong – Head of Product
  • Min Kim – Head of Business Development
  • Michael Pak – Technical Project Manager
  • David Peterson – Head of Marketing
  • plus the Bee Token team & advisors

Finance:

  • Token: Bee Token
  • Abbreviation: BEE
  • Platform: Ethereum
  • Accepting: ETH
  • Supply: 500m BEE

More info:

Tokens Sale Availability:

  • Start date: 31.Jan.2018
  • End date: 28.Feb.2018

 

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About the author

My passion for everything that means cutting-edge technology, blockchain, cryptocurrency, ICOs and not only made this article to be alive. I’m Alex Hummels and I wish you “happy reading” of others of my articles. Thank you all.

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