Bee Network – A review of the free crypto app
Bee Network – Join The Hive Mind
Bee Network is a free app for Android and Apple products. It’s free to download and free to use. To get free BEE, all one needs to do is open the app and click a button once a day. The app will collect BEE for 24 hours before you can check in again to earn more.
Bee Network is a Decentralized Autonomous Organization (DAO), meaning that the organization of the network is computerized and transparent for all members to see. A DAO is controlled by the organization’s members and not influenced by a central government.
In a way, Pi Network is also a DAO, although they do not identify as one.
The Bee Network core team is composed of experts in internet & blockchain technology, mathematics and cryptography as well as community volunteers. They are currently recruiting more members to the core team and they are encouraging users to apply. 25% of the total supply of BEE will be distributed to the core team.
Up until recently, the project has been funded by anonymous sponsors. However, the Network has been introducing more sustainable ways to generate income, like selling advertising spots and offering users a way to earn more BEE through offer walls.
The Bee Network App has also introduced a WEB3 internet platform within the app where users can access DAPPS (decentralized applications) like Axie Infinity, Upland and many others. They also hope to introduce their own line of mobile games, a social network, an e-commerce network, and more. A cool feature is that their web browser can alert you of Airdrops. They claim to be the biggest WEB3 platform in existence.
In Bee Network, users are rewarded for their participation. They hope to continue to build their network of everyday people and will eventually offer a platform in which users can exchange goods and services for BEE. This is a great way to give BEE value before it’s listed on crypto exchanges for sale. The total supply of Bee is dependent on the total users activity within the Network before Bee Network hits the 1-billion-user mark.
TLDR – The Pros and Cons of BEE Network
BEE Network has a solid foundation, active core team, huge community and seems to be making choices that benefit the community as a whole rather than just benefitting the core team. I think this is one of the most promising free crypto projects out there.
I would love to see a staking feature (locking up your balance for a fixed time for very high interest rates). As I’ve mentioned before, staking reduces the available supply of a token and generally increases the value because the demand stays the same but the supply is reduced. It’s also a great way for users to multiply their balance.
There are not many token details yet. This is partially because the supply is yet to be determined. For me, this is the worst thing about Bee Network. For example, Bitcoin holds value because there are only 21 million Bitcoin. That is not a lot of Bitcoin compared to the amount of people on Earth. The supply of Bitcoin is low and the demand is high. However Pi Network has not determined what their total supply will be either, and Pi Network seems sure to succeed.
I also believe that Bee Network will succeed.
Some Pros of Bee Network:
The WEB3 browser within the app is huge. Pi Network and Alpha Network do not have this feature. Pi has a separate app for web browsing, making it less convenient to use than Bee Network. The convenience of using a peer to peer marketplace within the app makes it more likely that people will use it. The more people use the app to exchange BEE for goods and services, the more the value of the coin will increase.
Offer Walls – in the app you can earn additional BEE by completing surveys, downloading apps, completing deals and playing real games. While you are earning BEE through Offer Walls, BEE Network is also collecting revenue to strengthen the Network. Pi and Alpha do not have this either.
WEB3 Browser – First of all, WEB3 is a platform that incorporates concepts such as decentralization, blockchain technologies, and token-based economics. In other words, it’s a browser built for Crypto. This browser within the app is rad!
It’s a great way to explore crypto, the Metaverse, blockchains and more. The “Airdrops” sections offer chances to get free crypto from up-coming projects. This browser is great for beginners but also very useful for blockchain veterans.
I think that this browser will eventually play a huge role in BEE having a good value when it is released to the public.
So Is It Worth It? Is it a scam?
In my opinion, this is worth your time and it is not a scam.
Bee Network does not ask users for money and everything is completely free. For this reason it doesn’t seem to be a scam. There is the possibility that the founders are using the app to generate revenue from ads and offer walls and have no intention of releasing this crypto. However this team is very transparent. News is constantly updated within the app and they also have very active social media accounts. They have also had in-person conferences with community members. It seems like this would be a long way to go for the small amount of revenue generated by ads and offer walls. Also remember that 25% of the total supply will be distributed amongst the core team, so they are most likely invested in giving Bee value rather than scamming the community.
In my humble opinion, you have nothing to lose here. I will continue to open the app once a day and click the button to get more BEE. I encourage you to do so as well, because even if the project fails, the only thing you would have lost is just a few seconds of your day. But if BEE has value in the future, then you got money for free by just taking a few seconds each day to open the app.
Click the link below to join the Hive! Download Bee Network today!
Use code tonygez3 to get some free BEE when you sign up