Published: Mar 05, 2018

The Bee Token (BEE)

Website

Bounty

Status

ICO

The Bee Token is the cryptocurrency that fuels the Beenest platform and the Bee Protocols.

Whitepaper

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Interest lvl

Updated: Sep 15, 2019

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User Rating

Medium

3/5 • 1 votes

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Ticker

BEE

Type

Utility-token

Token standard

ERC-20

FoundedUnited States

Office address717 Market St. San Francisco, CA 94103

What is The Bee Token

Beenest is the first decentralized home-sharing network built on top of a set of Bee Protocols that connects hosts with guests without taking any commissions. The Beenest dApp and the Bee Protocols are powered by the ERC-20 utility token called the BEE token. The Bee Protocols are open Ethereum protocols that can power other future sharing economy dApps. These protocols provide the Beenest network with three essential systems:

A secure payment system that allows two authenticated P2P entities to send and receive money that gets held in Bee Tokens until after a successful exchange of services between the two entities.

A decentralized arbitration system that resolves user disputes , providing positive incentives to grow a network of genuine arbiters and negative incentives to deter scammers.

A reputation system that couples a valid identity, which is obtained by a trusted digital fingerprint protocol on the Ethereum blockchain, with a rating determined by transparent, immutable review and scoring interchange between P2P entities (such as guests and hosts).

We aim to offer transparency into our token metrics and a future roadmap of development and expansion. We will discuss how Beenest creates and preserves value for hosts, guests, arbiters, and developers within a decentralized autonomous organization and how our decentralized model offers distinct advantages over the predominant, centralized home sharing model.

The Bee Token Roadmap

Q3-Q4 2017

Whitepaper release

R&D for Beenest architecture and Bee Protocol specs

Alpha prototype launch on testnet

Partner with auditing firms to audit our contracts

Finalize partnerships with listing providers in San Francisco

Q1-Q2 2018

MVP launch in San Francisco focusing on crypto community and hacker houses

Beenest integrates with a third party identity verification and KYC platform

Beenest supports payment and payout options in BEE tokens only

Bee Protocols launch on testnet and audited by 3rd parties

Q3-Q4 2018

Further expansion of hosts and guests in San Francisco with more A/B testing

Expand the arbiter pool with arbiters from all over the world

Bee Protocols go live on ethereum mainnet, and starts integration with 2-5 dApps

Launch iOS and Android Apps

Beenest integrates with a third party decentralized KYC protocol

Beenest integrates with a third party currency conversion protocols to allow payment and payout in ETH and all ERC20 Tokens, as well as BTC and fiat

Beenest integrates with a third party marketplace protocol to allow decentralized listings

2019

Beenest further expands to 2-5 more US cities

Facilitate integration of 5-10 sharing economy dApps with Bee Protocols

Implement governance model for future protocol improvements

Beta test more automation features (e.g. smart contract-driven Lockbox)

2020+

Beenest further expands in key cities worldwide

Bee Protocols supports a wide range of sharing economy dApps on the Ethereum blockchain

Token Sale Dates

Presale Period

Start date: Jan 02, 2018

End date: Jan 31, 2018

ICO

Start date: Jan 31, 2018

End date: Feb 13, 2018

Token Allocation

Total Token Supply 150,000,000 BEE

Total Tokens for Sale 500,000,000 BEE

Funding Details

Soft Cap 5,000,000 USD

Hard Cap 15,000,000 USD

Funds Raised (as of now) 15,000,000 USD

Restrictions

Residents of the following countries are prohibited from participating
Hong Kong, United States

Token distribution

30% - Public sale
30% - Community reserve
25% - Company reserve
15% - Team and advisors

Funds allocation

40% - Engineering and development
35% - Marketing and Biz Dev
20% - Operations
5% - Overhead

Token Price and Payment Options

Token price USD 1 BEE = 0.14 USD

Accepted Currencies ETH

Project team

Jonathan Chou

Co-founder, CEO

Tony Tran

Co-founder, CTO

Tommy Chheng

Head of Engineering

Amy Nguyen

Operations Manager

Vic Woeltjen

Senior Full Stack Engineer

Anya Degtyarenko

Business Development

Jeremy Kwa

Full Stack Engineer

Kevin Van

Full Stack Engineer