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The Bee Token (BEE)

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The Bee Token bounty

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

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Overview

Project industryReal Estate
Product typeEcosystem
FoundedUnited States
WhitepaperThe Bee Token White Paper Open
Bounty program

Technical details

Beenest is a home sharing platform for hosts to list their homes and for guests to find accommodations.Bee Protocols are a set of Ethereum smart contracts providing developers the tools to rapidly launch new decentralized applications.

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.

    Details

    Pre-sales: Jan 02, 2018 - Jan 31, 2018
    Public sales: Jan 31, 2018 - Feb 13, 2018
    Token supply: 150,000,000 BEE
    Total tokens for sale: 500,000,000 BEE
    Soft cap: 5,000,000 USD
    Hard cap: 15,000,000 USD
    Raised: 15,000,000 USD

    Legal

    Blockchain Platform: Ethereum
    Country limitations: Hong Kong, United States
    Office address: 717 Market St. San Francisco, CA 94103

    Token info

    Ticker: BEE
    Type: Utility-token
    Token standard: ERC-20
    Token price in USD: 1 BEE = 0.14 USD
    Accepted currencies: ETH
    Bonus program:
    Bonus for the First: 30% For public sale
    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

    The Bee Token Roadmap

    1
    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
    • 2
    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
    • 3
    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
    • 4
    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)
    • 5
    2020+
  • Beenest further expands in key cities worldwide
  • Bee Protocols supports a wide range of sharing economy dApps on the Ethereum blockchain

    • Project team

    Jonathan Chou
    Jonathan Chou
    Co-founder, CEO
    Jonathan Chou linkedin
    Tony Tran
    Tony Tran
    Co-founder, CTO
    Tony Tran linkedin
    Tommy Chheng
    Tommy Chheng
    Head of Engineering
    Tommy Chheng linkedin
    Amy Nguyen
    Amy Nguyen
    Operations Manager
    Amy Nguyen linkedin
    Vic Woeltjen
    Vic Woeltjen
    Senior Full Stack Engineer
    Vic Woeltjen linkedin
    Anya Degtyarenko
    Anya Degtyarenko
    Business Development
    Anya Degtyarenko linkedin
    Jeremy Kwa
    Jeremy Kwa
    Full Stack Engineer
    Jeremy Kwa linkedin
    Kevin Van
    Kevin Van
    Full Stack Engineer
    Kevin Van linkedin

    Social media

    The Bee Token web-siteThe Bee Token RedditThe Bee Token MediumThe Bee Token TelegramThe Bee Token BTCTalkThe Bee Token TwitterThe Bee Token FacebookThe Bee Token Github

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