Summary
Project name: Bee Token
Token symbol: BEE
Website: https://www.beetoken.com/
White paper: https://s3-us-west-2.amazonaws.com/beenest-public/whitepaper/bee_whitepaper_v3.pdf
Hard cap: $15 million for 30% of total supply (including $5 million hard cap of public presale)
Conversion rate: 1 BEE = $0.14
Maximum market cap at ICO on a fully diluted basis: $50 million
Bonus structure: 60-100% for advisors, friends and family private presale; 30% and 40% (for strategic investor) for regular presale
Presale or white list: Presale starts January 2, 2018 (accredited investors only with minimum purchase amount of 50 ether, register here). There will be white list for ICO.
ERC-20 Token: Yes
Countries excluded: USA, Canada, Taiwan, Hong Kong (accredited investors are permitted from these regions)
Timeline: Public presale starting from January 2, 2018 / crowdsale beginning on January 31, 2018 (please refer to Bee Token’s website for the most up-to-date information)
Token distribution date: 1-2 weeks after ICO concludes; bonus tokens are locked for one month.
Project Overview
What does the company/project do?
Bee Token’s protocol aims to eliminate the middleman in the home-sharing market, and allow short-term home renters and tenants to directly transact with each other on the Beenest Platform.
Hosts and guests both benefit from the lower commission charge on all transactions on the Beenest Platform compared to other websites like AirBNB and VRBO.
Beenest also has protocols in place for resolving disputes, as well as managing reputation scores for users on their platform.
Opportunities
Beenest is a solution that can save both hosts and guests large amounts of money, and is badly needed amid record housing and rental prices.
The team is comprised of members from reputable tech companies such as Uber, Facebook, and Google. They also seem to have good connections around the startup scene with the partnerships that they have already established.
The white paper is detailed in both the technical details and business plan which states their go-to-market and user acquisition strategy – without a plan to gain traction, it doesn’t matter if a project has the best technology in the world.
Bee Protocol allows other sharing economy dApps to be built on top of it, further increasing the potential upside of the project should those dApps become successful.
