Bee Token BEE

Bee Token (BEE) cryptocurrency is a Beenest platform digital token.
Beenest is the first decentralized network of temporary housing rental services. The platform connects guests and lessors within one platform and focused on elimination of the mediation services on the rent market. The project provides clients with high quality places, best prices, fast and convenient booking.
Both tenants and lessors get lower commission fees for all the transactions on Beenet platform comparing to other competitors. So choosing Beenest all the sides of the process are benefiting from using this service for rental.
Beenet is based on Ethereum blockchain and if the parties pay with the platform’s tokens they don’t pay any commission on Beenet.
3 protocols make Beenet platform really unique and special project. These protocols are open and public, so lots of decentralized applications (DApps) for different sectors of sharing economy can be developed in future. The protocols have abbreviations “P-A-R”. They are:
Payment protocol that sends and receives tokens which are held till the moment services are carried out. All the payments are sent to this protocol and then it distributes tokens on a certain date if there are no violations of the rules. Lessors must send some tokens for unexpected troubles too: for example, if the lessor cancels his service right before the reservation he will be fined. The same rule works for the guests as they pay in advance. This differentiates Beenest from other services that fine guests only.
Arbitration protocol provides problem resolution by the trust voting. If the sides have any disputes, smart contract transfers tokens to the arbitration. Arbitrators are chosen randomly from the pool of the users who vote with BEE tokens. Then, arbitrators must make a decision during a certain period of time. If some arbitrators don’t vote for a decision in time, their rating will become worse.
Reputation protocol manages the reputation ratings for P2P objects. Beenest creates rating reputation network connected to the users’ addresses in Ethereum blockchain. The user’s rating is based on average reputation performance between host user rating, guest user rating, arbitration user rating and so on. Reputation ratings help all users to be sure in the service they’ve chosen and to be protected from fraud and deception enjoying the service they pay for or getting rewards for facilities they provide.
These protocols, especially the reputation one, have a purpose to improve the community and to provide responsibility to the processes of housing rentals. Like many other interesting ICO projects, Beenest have its referral program. Users who recommend the lessors by posting the links to them will get their rewards in BEE tokens if they involve new users to the platform. It works for the lessors too: those who recommend responsible and polite tenants will be rewarded for involving people.
BEE tokens are used to provide transactions on Beenest platform without any commission while transactions in BTC, ETH and other ERC20 tokens will have 1% commission and 3,99% for fiat currency. The difference in commission between BEE and other cryptocurrency, especially fiat currency, would stimulate the growth of Beenest own token. Also, Beenest crypto is used for arbitration. The more tokens participant puts in voting the more chances to be selected as an arbitrator he has. In turn, arbitrators earn BEE for resolving the disputes.
Beenest is a real breakthrough that helps all the parties of the deal to save a lot of money which is important bearing in mind high prices for housing rental and difficulties with finding the desirable place to stay. Moreover, Beenest project’s whitepaper describes technical details and business plan extensively. The team believes that good business and promotional plan matters not less than good technologies. So to succeed in something, the founders must have both these things on a high level. Another advantage is ability to develop different DApps for sharing economy spheres based on the open source. It will provide great potential to the project too.
Beenest is planning to intensify the economy around their BEE token stimulating both hosts and guests to contribute to the network and community using these tokens. Thanks to Ethereum-based smart contracts Beenest team aims to build a complete decentralized and automated platform in sharing economy. The absence of the middleman means that no one must pay commission fees so both sides of the transaction have a win-win deal.
Also, the hosts can choose any available insurance they like, what is very convenient. The team is working on some other interesting features that will make the rental safer and more reliable even comparing to Airbnb.
Beenest team consists of professionals and members of such big and reputable IT companies as Google, Facebook, Uber and so on. They also have partnership with Origin, Rentivo, Request Networks, Connext and others.

Loading...

Loading...

• Token Smart Contract: 0x4d8fc1453a0f359e99c9675954e656d80d996fbf
• Symbol: BEE, Decimals: 18