Mining Cryptocurrencies is a very heavy-duty task as you have to put in initial capital and also need to manage your mining setup with utmost discipline and calmness because if anything goes wrong, it can hurt you pretty badly.
That's what I used to think before I stumbled upon Bee.
WHAT IS BEE NETWORK?
Bee Network is a decentralized ecosystem that is inspired by the concept of a beehive. Just like in a hive every bee has its own functionalities and responsibilities and they all provide their collective effort in the establishment and management of the hive, bee network tries to aim the same.
In other words, a system with no central authority relies for its productivity on multiple systematic and spontaneous efforts of individual inputs.
The project aims to thrive just like a hive does with collective efforts.
Recently bee network entered phase 2 of their development plan as they have reached a milestone of 10M users which has also resulted in the 3rd halving of the rate at which you can accumulate bee.
Bee Network is committed to utilizing blockchain technology to establish an open internet platform and an ecosystem of Dapp.
DEVELOPMENT PHASES AND MINING RATE
Currently, the project has entered phase 2 sooner than expected. This feat is achieved in approximately 4 months since December.
Phase 1 : 0 to 1 Million users, which is already accomplished.
Phase 2: 1 to 10 Million users(current phase), This phase will introduce KYC to validate users and will also introduce Node and Dapp ecosystem.
Phase 3: 10 to 100 Million users, which will start the development of a value exchange marketplace.
Mining Rate: refer to the below image, PS, as of now the current mining rate is 0.2 bee/hr. This is also called base rate.
HOW TO EARN BEE?
This is the simplest part, as you will earn bee by literally tapping on your phone once a day, yes, that's right and you don't have to keep the app open, simply remove it from the background. It will not drain your battery or use your data which I have verified by myself. Just install the bee app and register on it with your original name and start tapping every day. Remember, it is important to register with your real name because in phase 2 they will roll out the KYC procedure to protect the misuse of the community. However, you can choose your username(display name) according to your will.
As of today, you can mine at the rate of 0.2 bee/hour which means 4.8 bee/day. Currently, bee is not listed on any exchanges but the developments could take place in phase 3.
To start your mining on bee app you will need a referral code otherwise you won't be able to mine. So, use my referral code knayam12.
The total number of bees you will earn for one session(a day) will be equal to (base rate) + (base rate) x 25% x (number of active miners in your earning team) in the next 24 hours until your mining session ends.
Example: Let's say you have 10 active referrals right now and the base is 0.2 bee/hr.
Total bee earned in every hour = 0.2 + 0.2 x 0.25 x 10 = 0.7 bee/hr.
But if you have no referrals then you will earn only at the base rate.
There is no limit on how many bees you can earn. so don't be late to the party as the next halving could come sooner than expected.
ROLES
Visioner: Every user is qualified as a visioner and he/she will earn the bee at the base rate.
Ambassador: An ambassador is one who refers to new people(visioners) and will also earn a bonus on their active mining as mentioned above.
Verifier: This will be launched in the current phase and aims to gather a trusted community which means verified users.
However, please note that you will need everyone in your security circle to successfully complete the KYC (Know Your Customer) compliance process before you can utilize the full functions in the next phases.
AT THE END
This post reflects my opinions in certain instances. It's your choice to dive in or not but don't forget to do your own research before taking any action.
However, if you choose to jump in then don't forget to use my referral knayam12.
