The BEE project is developing a platform called Beenest for peer-to-peer home-sharing on the blockchain. It allows users to directly contact and negotiate home rentals without the need for a centralized authority like Airbnb. This permits to greatly reduce the fees on Beenest. The project works with three main protocols. The reputation protocol evaluates the user’s reputation based on their associated Ethereum accounts as to assess its integrity. The payment protocol is a smart contract to which the user sends the payment and which then disburses it on the check out date. Finally it offers an arbitration protocol where BEE token holders are called upon and rewarded for voting in solving the dispute.
Why must like it
This is another ICO aiming at directly competing with major players using the competitive advantages of the blockchain. The team already signed a number of partnerships that guarantee the functionality of the payment systems in the platform and the projection of Beenest within the tourism industry. The fact that the platform charges a 3.99% fee for payments in fiat and 1% for payments in ETH or BTC, but charges nothing for transactions in BEE, provides for a very good way of promoting demand for the coin and increasing its value. In all a very solid project with great potential.
ICO Period: Starts 31/1
- Coin Ticker: BEE
- Coin Price: 1 BEE = 0.14 USD
- ICO Goal: 15,000,000 USD
- Tokens released: 500 million
- Token’s offered on ICO: 30%
- Limitations: Barred to USA, China, Canada and Hong Kong residents
Notes:
- Whitelist for pre-sale is closed, but you still have time to register for the main sale.
- Not to be confused with BEE Coin with the ticker BCO
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