Bee Token

Bee Token

Bee Token is a cryptocurrency utility token for a decentralized peer-to-peer housing exchange platform. The platform, known as <strong>Beenest</strong>, attempts to create a home-sharing economy powered by Blockchain technology.^[1]^[2]

The platform aims to Decentralize Short-Term Housing Rentals and also provide a Blockchain Powered Platform With 0% Commissions, Network Effects, Bank-Level Security, and Immutable Reviews.^[9]

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4 wikis · 2 groups

Beenest

The Bee Token was created with the thought of the home-sharing economy in mind. The founding team believed that systems in which assets or services are being shared - such as Airbnb and Uber

are embedded with misaligned incentives that ultimately leave companies' user bases dissatisfied.

They believe there is still more room to solve the problem of high demand for real estate space, a low supply of available options, and high rates charged by landlords and hotels. They also note that, as platforms on centralized servers like Airbnb increase, so does the likelihood of security breaches and scams.^[3]^[10]

Using the Bee Token, Beenest will lower transaction fees more than other online marketplaces and hospitality services like Airbnb. Eliminating fees such as overhead through automation (via employees) and third-party payment processor charges (via credit card companies like Visa and MasterCard) will be reduced from 5-15% to 2-3%.^[4]

$BEE

The $BEE is the cryptocurrency that fuels Beenest and provides an ever-growing value to users. It operates on the Ethereum platform and has a total supply of 500,000,000 $BEE.^[7]^[8]