BEE

Overview of BEE

BEE Token is a form of digital or virtual cryptocurrency, represented by the short name BEE. It was founded in 2017 by Jonathan Chou, Tony Tran, and Ali Ayyash. Cryptocurrency traders can trade BEE on exchanges such as HitBTC, IDEX, and Radar Relay. For storage and transaction purposes, holders use wallets such as Metamask and MyEtherWallet.

Pros and Cons

What Makes BEE Unique？

BEE Token, a cryptocurrency founded in 2017, has carved out its unique space in the crowded digital assets market. Its primary innovation lies in its attempt to disrupt the home-sharing economy by creating a decentralized platform for hosts and guests to connect directly without any intermediaries, such as online travel agencies or vacation rental platforms. Unlike most other cryptocurrencies that deal primarily with financial transactions, BEE Token aims at revolutionizing an entire industry - the hospitality sector, through the power of blockchain technology.

How does BEE work？

BEE, also known as the BEE Token, is a specialized digital asset that entered the cryptocurrency scene in 2017. The visionaries behind BEE, Jonathan Chou, Tony Tran, and Ali Ayyash, aimed to craft more than just a cryptocurrency. Recognized exchanges like HitBTC, IDEX, and Radar Relay facilitate the trading of BEE, while for its safe storage, digital wallets like MetaMask and MyEtherWallet are preferred by users.

Distinctively, BEE's purpose transcends the standard financial functionalities associated with most cryptocurrencies. Its raison d'être is to overhaul the home-sharing domain, providing a decentralized medium for hosts and guests to engage without the middlemen, such as popular vacation booking platforms. BEE, in essence, targets the hospitality industry's transformation, leveraging the capabilities of blockchain.

Exchanges to Buy BEE

BEE Token is available on various exchanges for purchase and trading. Here's some information about the exchanges, however, it is crucial to always verify the current availability and pairs directly on exchange platforms as they are subject to changes:

1. HitBTC: Perhaps one of the most-known places to exchange BEE is HitBTC. The exchange allows users to buy and sell BEE against cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

2. IDEX: Known as a decentralized exchange, IDEX is another platform where BEE can be traded. On IDEX, BEE is often traded against Ethereum (ETH).

3. Radar Relay: This is a 0x protocol based decentralized exchange where BEE can be traded directly from a user's wallet. The exchange allows users to trade BEE predominantly with Wrapped Ether (WETH), a type of Ethereum.

How to Store BEE？

BEE Tokens are ERC20-based tokens; thus, they can be stored in any wallet that supports this standard of Ethereum tokens. Two commonly used wallets that users can choose from are:

1. Metamask: This is a browser-embedded wallet, available as a Google Chrome extension, Firefox extension and other browsers. Metamask offers a user-friendly interface that makes it easy for users to manage and transact their BEE Tokens. It can be used directly from the browser, providing seamless connection with blockchain networks and dApps.

2. MyEtherWallet (MEW): This is a free, open-source, client-side interface for creating and using Ethereum wallets. MyEtherWallet supports ERC20 tokens, including BEE Tokens. It offers both a web-based interface and a mobile app for managing cryptocurrencies and tokens.

Should You Buy BEE？

Purchasing BEE Token, like investing in any cryptocurrency, might be suitable for individuals who have a clear understanding of the cryptocurrency market and blockchain technology, specifically the Ethereum blockchain, since BEE is an ERC20-based token. Additionally, familiarity with the property rental market and willingness to participate in a decentralized version of that may add another layer of utility for potential BEE Token investors.

Moreover, considering BEE Token's association with Beenest platform, those who may benefit from home-sharing economies can also consider interacting with BEE Token. It could be homeowners who want to rent their properties or travelers who are looking for rental houses.