I wanted to take a moment to personally congratulate Bee Token on reaching their Hard Cap! They reached their Hard Cap on the 2nd of February after raising over 5k Eth in their token sale!
What is the Bee Nest platform and the Bee Token?
Bee Nest is a decentralized home sharing platform that provides hosts with a platform that offers commisionless home sharing. This has an advantage over current platforms, such as Airbnb, that collect over 20% in commission for hosts. This causes hosts to have to raise prices of the homes they are renting, due to not being able to collect enough profit to make sharing their home worth it. The Bee Token bridges that gap, buy allowing guests to pay in Cryptocurrency for free or reduced commission collected by the platform, both allowing hosts to collect more profits and reduce prices of the homes they are renting.
Why Bee Nest?
Besides the obvious advantages stated above, Bee Nest will also have a decentralized reputation and dispute resolving system. This will allow users of the platform to resolve disputes through unbiased representation in the form of arbiters, who can stake Bee Token to become an arbiter on the platform. The reputation system is also going to be decentralized, transparent, and unbiased. These are all stellar features that make Bee Nest a much greater platform than that of Airbnb.
Conclusion
Bee Nest is a super cool platform that I am excited to see developed further. The protocols that they are creating for the platform make it a much more transparent and advantageous system than that of other platforms like Airbnb. Bee Token and Bee Nest have a great team that are sure to release an awesome product. I am excited to be able to use the platform myself when it releases in the near future.
If you haven't had the chance to check out the Bee Token project, take a look at it here: https://www.beetoken.com/.
Isaiah Croatt
Chief Research Officer
CoinLion LLC
Linkedin: https://www.linkedin.com/in/isaiahcroatt/
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CoinLion Website: https://coinlion.com/