Bee is a new cryptocurrency released on 3rd December 2020, which is developed by Bee Network. Know everything about Bee Network and Bee Games.
Hey Friends, Welcome to Koyanews. In this article, we are going to read about a new cryptocurrency called Bee or simply Bee.
How To Start Earning Bee From Bee Network
- Download the Bee Games app by clicking on the link below. https://bee.games/download.html Or, you can go to the play store and search “Bee Games” to download.
- Click on the signup button.
- Create your id.
- Use sknepali as a referral code.
- Keep going, your earnings start when the numbers start running.
- For more information, read the whitepaper and FAQ from the app.
What is Bee Network and Bee?
Bee Network is a new blockchain network that provides a gamified experience to users to earn Bee. Bee is a cryptocurrency that you can download on your android or apple mobile phone through the play store or app store.
You can earn a bee by playing the roles of Miner, Referrer, and Verifier in the Bee cryto.
In order to make Bee valuable, Bee Network is specially designed as a network consisting of genuine people which fosters players to exchange goods, services, and expertise, and money in real life with their Bee balance. Later, Bee will be listed as major cryptocurrency exchanges for trading with currency.
Bee Network Referral Code
To join in a Bee Network, you need a Code which is known as Referral Code. You can use sknepali as a Bee Network Referral Code to join the Bee Cryptocurrency. After signup you get your own referral code. Share your referral code with your friends and grow your team and earn more. Your user name is your referral code for bee network.
Why to join Bee Network and earn Bee?
Firstly, Bee is a well-designed online game that offers you a pleasant gaming experience. In addition to having fun, as time goes by your accumulated Bee balance could be exchanged for other player’s expertise, services, goods, and fiat money in real life when Bee Network‘s development mature.
Also Read: 20 ways to earn money in 2021 for students
Is Bee another Bitcoin?
No, Bee network is not another Bitcoin. It is because Bitcoin is a cryptocurrency that adopts a “Proof of work” consensus algorithm in which all bitcoin nodes are competing against each other in solving a cryptographic puzzle.
Comparatively, Bee is the reward for your active participation in the Bee Game. It is a game of money for the vast majority of people with mobile phones and the internet.
Yes, Bee Network may be another Bitcoin, when the community of Bee Network has grown large enough, players will exchange their expertise, services, or goods in real life with Bee balance.
Similar to a currency, when the people start to use Bee for value exchange, Bee will be an asset with purchasing power in real life and exchangeability with other stable money like US dollars. Hence, both Bee and Bitcoin are an online asset with true value.
What is the growth potential in Bee value in 2021?
Bee’s value will be determined by the population of Bee Network, the transaction of expertise, services or goods exchange between Bee Game’s, liquidity in the exchange market, and time.
The value of Bitcoin was $0 when its launch in 2008, but when its popularity grows as time goes by. Now, 1 Bitcoin worth reaches $ 2,100 as of the time of writing.
As it takes time and a collaborative effort to build the value of Bee and the ecosystem of Bee Games.
How do I earn Bee from Bee Network?
You can earn Bee in three ways. Firstly, you can earn as a Miner by logging in daily to activate your next 24-hour mining session. Once you have clicked the thunder button on the home screen, your Bee balance will start growing at a rate of
1.6 Bee/hour, (initial stage)
0.8 Bee/hour when total users exceed 100,000,
0.4 Bee/hour when exceed 1 million, (Current Rate)
0.2 Bee/hour when exceed 10 million,
0.1 Bee/hour when exceed 100 million, and
0 Bee/hour when exceed 1 billion.
Note: The Current Rate of Bee in Bee Network is 0.4 Bee / hour.
Secondly, you earn an extra (Bee at 25% * your base rate * a number of active miners in your team) as a Referrer by referring new members to join your earning team and keeping them active.
Thirdly, you earn an extra-base rate as a Verifier by verifying the trustworthiness of members in your mining division. The role of the Verifier will only be launched in Phase 2.
Bee reached its first 1 million user within 1 month 5 days 🙂
Congratulation !!! Bee Games on reaching 1st 1 million users.
What does it cost to earn Bee? Do I need to pay any money?
You do not have to pay any money to join Bee and earn Bee. However, it does not mean Bee is given for free. To make Bee Network’s gaming experience fun and rewarding, we strive to build a network of genuine people, foster interaction between players in real life and encourage players to exchange expertise, services, or goods in real life with Bee balance.
Hence it takes your consistent commitment to making contributions to the community and Bee is your reward. The least you can do is to log in on a daily basis and activate a new mining session.
Does Bee Network drain my battery or data?
No, Bee Network does not drain battery or data, as Bee Network is different from Bitcoin. You will only consume battery and data when you open the Bee Network app and activate your data mining session which the entire session can be done within 10 seconds.
Do I need to keep the app open all time?
You do not need to have the app open once you have clicked to activate a new mining session. Bee Network app will not run in the background and consume any of your phone battery and data after you have closed the app. This is due to the difference between the consensus algorithm between Bee Network and Bitcoin.