Beenest ICO The future of home sharing on the blockchain
Beenest is a home sharing platform for hosts to list their homes and for guests to find accommodation. The platform rewards users with network incentives, commission-free transactions, and security unrivaled in the home sharing industry.
While Beenest may not be a threat to Air B & B at the moment, one does not need a crystal ball to see the future of home sharing is on the Blockchain. The fact nobody is better placed to grab this market than Beenest, tells you most of what you need to know to get behind the ICO coming up on January 31.
The first decentralized home-sharing network, Beenest is 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.
Details at a Glance
Bee Protocols are a set of Ethereum smart contracts providing developers the tools to rapidly launch new decentralized applications. By utilizing industry proven Bee Protocols, developers can expect faster development cycles, reduced integration costs, and an existing user base.
The Bee Token is the cryptocurrency that fuels the Beenest platform and the Bee Protocols.
- 0% Commissions
Decentralized platform eliminates the middleman
- Aligned Incentives
Tokens distributed through presale and ICO
Bank-level security through Blockchain technology
Transparent practices with immutable feedback
The White Paper
The White Paper tells us “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:
1. 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.
2. A decentralized arbitration system that resolves user disputes , providing positive incentives to grow a network of genuine arbiters and negative incentives to deter scammers.
3. 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).”
The aim of bee Token to offer transparency into token metrics and the decentralized model offers distinct advantages over the centralized home sharing.
This is the most solid ICO I have seen for some time and this is backed up by the quality of their team. Bee has a seasoned team of former employees from Google, Facebook, Uber, and Civic reimagining the sharing economy. Together, they are building Beenest and the Bee Protocols on the Ethereum blockchain and they look like a winner.
This is my opinion based on my research. I am not a financial adviser and always encourage people to do their own independent research before investing.