The current decade has seen the majestic rise of the crypto market. Some people have become Millionaires because of cryptocurrency and seeing their economical growth other people also want to invest in cryptocurrency. But the problem is that the crypto market is full of different cryptocurrencies and people don’t know which one is genuine and worth investing in. Do you know what is bee com and how does it work? Is bee.com a cryptocurrency or not? Let’s learn everything about bee.com in this article.
1. Who is the Founder of Bee Network?
There isn’t any information available about the founder of Bee Network online. This network was anonymously built by a group of people. Not giving out any information about its team makes this network a bit sketchy. To thoroughly understand Bee Network, you will have to first understand what is bee.com and how does it work because both Bee Network and bee.com are connected. (See How Paypal was founded?)
2. What is bee.com and How does it work?
Bee.com is the official site of Bee Network. Bee Network is a blockchain innovation. You can mine this digital asset with just a finger tap. It’s an app that is available on App Store, Google Play, and Android. You log in to the app every day and hit to little bee icon in the middle of the screen to start mining. After you have clicked the button, the cryptocurrency miner will mine for 24 hours. You just need to come back every day and tap the button to start the mining. The mining rate though can vary from person to person. It changes due to the number of people you refer this app to and if they sign up.
Additionally, without a referral code, you can’t create an account in this app. Let’s thoroughly understand how Bee Network works. In this network, there are three main roles namely miner, verifier, and referrer. When you press the thunder button, it kicks starts the 24-hour mining session. Till the 24-hour session ends, you will earn Bee with the formula: (base rate) + (base rate) × 25% × (number of active miners in your earning team).
- The miners start with a base rate of 1.6 bees per hour and this base rate will go down 50% which is 0.8 Bee per hour when the total user base grows to 100,000 users worldwide.
- Further 50% will be cut down to 0.4 when the user base reaches 1 million and when it reaches 10 million users then the base rate will be 0.2 Bee per hour.
- At last, when it reaches 100 million users, then the base rate will become 50% of 0.2 bees that is 0.1 bees per hour.
- When the Bee Network reaches 1 billion users worldwide then eventually, there will be no supply.
To earn more Bee you will have to mine and refer new users to join your earning team as much as possible. Do this while the base rate is still high. After learning all this some may have a question like- is bee.com a cryptocurrency? Let’s answer this curious question in the next para. (See Is there a cash accepted food delivery app?)
3. Is bee.com a Cryptocurrency?
No, bee.com isn’t a cryptocurrency it is in fact the official site of Bee Network which is a blockchain innovation to mine Bee Network coins with just a finger tap. These bee network coins or bee coins are the actual cryptocurrencies. Though this cryptocurrency isn’t yet on any public trading app, it’s speculated to pick up traction in 2024. It’s very possible for this crypto to see a boom in the coming times. Like in 2010 the value of Bitcoin was about 8 cents but in 2022, 1 Bitcoin roughly values at around 20307.60 USD. (See Where do Banks put their Money?)
4. What are 100 Bee Coins worth?Photo by RODNAE Productions on Pexels
After knowing whether is bee.com a cryptocurrency or not, let’s learn about the worth of bee coins. Bee coins are associated with Bee Network and are still not on any public trading app, thus the worth of 100 bee coins in actual currency isn’t present. Though it is speculated that by 2024 bee coins will turn valuable. According to Bee network team members, the value of the bee coin will be 100$-150$ in the future. Also, learn Why do countries devalue their currency?
5. How much is 1000 Bee coin worth?
You won’t find any genuine information about the worth of the Bee coin anywhere on the internet because as of now the Bee Network is still not on any public trading platform. There is information about Honey Bee coins online. But keep in mind that this coin is entirely different from Bee coins. Bee coin not being on any public trading platform raises the following question- is Bee Network crypto legit? (See What are Characteristics of Good Money?)
6. How many Bee Users are there?
The Bee Network is working on a three-phase development model. In the first phase, they aimed to acquire 1 million users and they have already accomplished it. In the second phase, they aimed to acquire 10 million users and as per bee.com, they have already surpassed this milestone. Now the company is working on its 3rd phase where it aims to 100 million users. During this phase, the company will develop a Bee Network Value Exchange Marketplace and launch it. Must See Study summary: How much users read on the web?
7. How can You buy Bee Coins?
Since you are aware of whether is bee.com a cryptocurrency and about the user base of Bee Networks, it’s time to explain how can you buy bee coins. You actually can’t buy the bee coins of Bee Network rather you mine them in the Bee Network app. You log in every day and tap to start mining. The mining session is 24 hours long.
Till the 24-hour session ends, you will earn Bee with the formula of (base rate) + (base rate) × 25% × (number of active miners in your earning team). The base rate of miners is 1.6 bees per hour. When the network acquires 100,000 users the base rate becomes 0.8 bees per hour. This rate keeps decreasing as the network keeps acquiring more users worldwide. In the end, when the network acquires 1 billion users then eventually there will be no supply.
To earn more bee you will have to mine and refer new users to join your earning team as much as possible. As a referrer, you earn an extra 25% base rate as your referral bonus. If you have 5 members in your earning team then you will earn an extra 5 × 25 = 125% bees of your base rate. Refer more miners and earn more. (See How to identify a stock market bottom?)
8. Is bee.com any good?
After learning how can you buy bee coins, it’s very important to discuss if bee.com is any good or not. The answer to this very important question is yes, bee.com is great and pretty genuine. It’s just that this kind of money just entered the market and people are still skeptical about it. It is a new but highly profitable project. Moreover, you can mine for the bee with your smartphone and it doesn’t cost you anything. Now the next big question in your kind mind must be whether is Bee Network crypto legit or not. (See What does k stand for in Money?)
9. Is Bee Network Crypto Legit?Photo by Worldspectrum on Pexels
You are now pretty clear about the question- is bee.com a cryptocurrency or not? You might wonder, is Bee Network crypto legit? A lot of people worry about the authenticity of Bee Network because it’s pretty new. This network is an Android and IOS application that effectively mines digital money from a cell phone.
People feel this platform is not legit because it isn’t on the rundown of the renowned exchange trades. But this project has just started and you can join it by invitation only. The platform isn’t asking you for any money but rather giving you Bee coins from mining. It is a trusted network and not a scam. (See How Much is 1 Crore INR in USD?)
10. Is Bee Network legal in USA?
Is bee.com a cryptocurrency that is legal in the USA? There isn’t any apparent news of the bee network being illegal in the USA but since this network isn’t yet listed with any trading platform you can’t use bee coins as a legitimate currency for transactions. (See What Qualities determine the Value of Information?)
11. Is Bee Crypto Worth Anything?
Is bee.com a cryptocurrency that is worth something? Yes, bee crypto is very worthy. Though currently, it’s not on any public trading platform it is believed that when it will launch then the minimum value of 1 bee will be close to 1 $. When you mine in the app it gives you a minimum of 4 bee coins daily. So, in the future, you will earn ample money if you start mining for bees now when the base rate is still high. (See Value of Buck Dollar)
12. What are Pi Coins worth?
While discussing whether is bee.com a cryptocurrency or not, you might as well ponder about pi coins and become curious about their worth. As of now, pi coins haven’t been listed anywhere, and thus it’s hard for people to establish their worth. The 35 million Pioneers, who mined the Pi Network are still waiting for the benefits to come. There have been no trades, transactions, or fiat rewards for these coins. (Also read How much is 6 Million Pennies?)