BEE
ShitCoin
Reputation Ratings

BEE

BeeEx
Website https://www.beeex.com/
Browser
OTH RELPs
White Paper
Avg Price
0.00%
1D

$ 0.00 USD

$ 0.00 USD

Market Cap

$ 0.00 0.00 USD

$ 0.00 USD

24h trading volume

$ 0.00 USD

$ 0.00 USD

7d Vol

$ 0.00 USD

$ 0.00 USD

Circulating supply

0.00 0.00 BEE

Related information

Issue Time

2000-01-01

Platform pertained to

--

Current price

0.00

Market Cap

$0.00USD

Volume of Transaction

24h

$0.00USD

Circulating supply

0.00BEE

Volume of Transaction

7d

$0.00USD

Change

24h

0.00%

Number of Markets

Token conversion

/

Current Rate0

Available

0.00USD

Calculate

WikiBit Risk Alerts

1
Previous Detection 2024-03-28

WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!

Historical Price

Introduction

Markets

3H

0.00%

1D

0.00%

1W

0.00%

1M

-0.01%

1Y

-97.33%

All

-97.5%

No data
Aspect Information
Short Name BEE
Full Name BeeEx
Founded Year 2022
Founder Rian Foundation
Support Exchanges Bittrex Global, GDAC
Storage Wallet MyEther, MetaMask, etc.

Overview of BeeEx(BEE)

BeeEx (BEE) is a kind of cryptocurrency that is associated with the BeeEx exchange platform. The platform itself serves as a trading forum for various cryptocurrencies, introducing the BEE token to facilitate transactions and incentivize platform users. The concept behind its creation closely aligns with the decentralized notion of blockchain technology, aiming to provide a fair, transparent, and user-friendly environment for digital asset trading. BEE primarily operates on the Ethereum blockchain and relies on the ERC20 standard. Significant features of BEE include its use for transaction fee discounts, rewards within the platform, and participation in the platform decision-making process. Like any other cryptocurrency, BEE's value fluctuates based on market dynamics and investor sentiment. However, it is important to note that investment in cryptocurrencies, including BEE, involves significant risk and necessitates thorough research.

Overview of BeeEx(BEE)

Pros and Cons

Pros Cons
Operates on Ethereum blockchain with ERC20 standard Value is volatile and subject to market risks
Useful for transaction fee discounts on BeeEx platform Limited to BeeEx platform, which may limit the tokens practical usage
Can be used for voting and participation in decision-making process
Rewards system within the platform incentivizes usage

Pros of BeeEx (BEE) cryptocurrency:

1. Operates on Ethereum Blockchain: The BEE token operates on the Ethereum blockchain and adheres to the ERC20 standard. This standardization allows the token to be compatible with a wide variety of wallets and exchanges which support Ethereum, hence enhancing its utility.

2. Transaction Fee Discounts: BEE tokens can be used on the BeeEx platform to avail transaction fee discounts. This is advantageous for frequent traders or large volume traders as they can considerably reduce their cost of transactions through the use of BEE.

3. Enhanced User Participation: Holding BEE tokens allows users to participate actively in the decision-making process on the BeeEx platform, hence fostering a spirit of co-ownership and active involvement.

4. Rewards System: The BeeEx platform also leverages the BEE token for a rewards system, incentivizing users to use the platform and hence driving user engagement and increasing transaction volumes on the platform.

Cons of BeeEx (BEE) cryptocurrency:

1. Value Volatility: Like most cryptocurrencies, the value of BEE is subject to market risks and volatility, raising concerns over its stability and long-term holding value.

2. Limited Practical Usage: The utility of BEE is largely limited to the BeeEx platform. This limits its practical usage compared to other cryptocurrencies that have wider acceptance across different platforms.

What Makes BeeEx(BEE) Unique?

The innovation of BeeEx (BEE) primarily lies in the fact that it is associated with the BeeEx platform, an exchange for digital assets. Unlike some other cryptocurrencies which are independent entities, BEE serves the specific purpose of facilitating operations within its parent platform.

This role involves a variety of functionalities, such as enabling discounted transaction fees, allowing participation in decision-making processes, and being used in a reward system. These features aim to incentivize users to actively engage with the BeeEx platform.

However, such specialization also differentiates BeeEx from many other cryptocurrencies. The functionality and value of BEE tokens are intertwined with the usage and success of the BeeEx platform, and they have limited utility outside of it. In contrast, many other cryptocurrencies are developed with the intent of widespread adoption for various uses, across multiple platforms.

Another distinct feature of BEE is that it operates on the Ethereum blockchain using the ERC20 standard, like many other tokens, but the reliance on an Ethereum-compatible wallet for storage may or may not align with user requirements or preferences.

In summary, BeeEx's focus on platform-specific utility differentiates it from many other cryptocurrencies which have broader applications. Both approaches come with their own set of advantages and challenges that users and investors need to consider.

How Does BeeEx(BEE) Work?

BeeEx (BEE) works as the native token for the BeeEx platform, a digital assets exchange. It operates based on the Ethereum blockchain and adheres to the ERC20 token standard, which outlines a common list of rules for all Ethereum tokens to follow, enabling them to interact seamlessly with each other on the Ethereum blockchain.

In practice, BEE provides a number of functionalities within the BeeEx platform that enhance user experience and incentivize usage. One of its primary uses is to allow holders to avail of transaction fee discounts. Users who pay their transaction fees in BEE tokens as opposed to other cryptocurrencies receive a discount, effectively reducing the cost of trading operations.

Additionally, the BEE token is often used as rewards within the platform. This incentivizes user participation, enables them to earn BEE tokens, and boosts the overall transaction volume.

BEE also serves in the decision-making process on the BeeEx platform. Holding BEE tokens grants users voting rights, allowing them to weigh in on certain governance matters and potentially influence the development of the platform.

However, the value of BEE, as with any cryptocurrency, is not fixed and is subject to market dynamics. Its value alters based on supply and demand factors, investor sentiment, market trends, and other economic factors. This makes investing in BEE, like other cryptocurrencies, a risky venture.

In essence, the working mode and principle of BeeEx (BEE) revolve around furnishing an active role in platform utility and user engagement, rather than behaving simply as an independent digital currency.

Circulation of BeeEx (BEE)

The price of BEE has been volatile since its launch.

It reached a high of $0.0008 in November 2022, but has since fallen to its current price of $0.00041523. The price fluctuation is likely due to a number of factors, including the overall cryptocurrency market sentiment, the number of users mining BEE, and the upcoming launch of the BEE mainnet.

There is no mining cap for BEE. However, the mining rate is halved every two years. This means that the number of BEE mined per day will decrease over time.

The total circulating supply of BEE is 236.6 billion. This is the number of BEE that are currently in circulation and available for trading.

Exchanges to Buy BeeEx(BEE)

BeeEx (BEE) can be bought from a few different exchanges, but its important to note that availability might vary due to geographic restrictions and other factors. Following are some exchanges where you can potentially buy BEE:

1.Bittrex Global: is a centralized cryptocurrency exchange known for its wide selection of altcoins and its high level of security. It is also one of the most popular exchanges in the world, with a daily trading volume of over $3 billion.

2.GDAC: is centralized cryptocurrency exchange that offers a wide selection of altcoins. It is known for its low trading fees and its user-friendly interface.

Exchanges to Buy BeeEx(BEE)

It's essential to note that all these exchanges may have different trading fees, slippages, and limits, and their listings might fluctuate based on various factors. Always perform due diligence before initiating a trade.

How to Store BeeEx(BEE)?

BeeEx (BEE) operates on the Ethereum blockchain and thus follows the ERC20 standard. This means that BEE tokens can be stored in any wallet that supports ERC20 tokens. Here are a few types of wallets where BEE can be stored:

1. Web Wallets: These are accessible through a web browser and usually require no installation. Wallets such as MyEtherWallet and MetaMask fall under this category, both of which support ERC20 tokens.

2. Desktop Wallets: These are software applications that are downloaded and installed on a computer. They provide security and control over the private keys. Examples include Exodus, Jaxx Liberty, and Atomic Wallet.

3. Hardware Wallets: These are physical devices designed to securely hold crypto assets offline in a process known as 'cold storage'. They are considered the most secure type of wallet. Leading hardware wallets like Ledger and Trezor support ERC20 tokens.

4. Mobile Wallets: These are smartphone apps. They offer convenience and usually comprise a range of features. Examples include Trust Wallet, Coinomi, and imToken.

How to Store BeeEx(BEE)?

5. Browser Extension Wallets: Some wallets are designed to function as an extension to web browsers. MetaMask, a popular example, supports ERC20 tokens.

Remember, irrespective of the type of wallet chosen, it is crucial to maintain stringent security measures. Never disclose private keys and consider using hardware wallets or other secure forms of wallets for significant amounts of BEE.

Should You Buy BeeEx(BEE)?

Investing in BeeEx (BEE) can be suitable for various types of individuals based on their specific financial goals, risk tolerance, and understanding of cryptocurrency markets.

1. Active Traders on BeeEx: If an individual frequently trades on the BeeEx platform, holding BEE could provide them with transaction fee discounts, which could significantly reduce overall trading costs.

2. Crypto Enthusiasts and Investors: For those who believe in the growth and potential of the BeeEx platform, investing in BEE could be a way to participate in its future success.

3. Those Interested in Governance: Individuals who desire a say in the governance of the BeeEx platform might be interested in holding BEE tokens, as they come with voting rights for certain platform developments and changes.

However, investing in BEE, as with any cryptocurrency, comes with a degree of risk. Here are some points of advice for those considering an investment:

- Research: Understand the specific features, uses, and mechanics of BEE and how it integrates with the BeeEx platform. Research the market dynamics and potential factors that could affect its value.

- Diversification: Don't put all your eggs in one basket. Diversify your crypto portfolio to spread and manage risk.

- Risk Assessment: Only invest money you can afford to lose. The crypto market is highly volatile, and while there's a possibility of high returns, the risk of loss is equally significant.

- Security: If you decide to invest, make sure to store your BEE tokens securely. Using hardware wallets or other secure types of wallets for significant investments in BEE is recommended.

- Regulatory Compliance: Be aware of the regulatory environment in your country or region. Make sure your investment activities are compliant with local laws and regulations.

Seeking advice from a financial advisor is encouraged before making any investment decisions.

Conclusion

BeeEx (BEE) is a cryptocurrency token associated with the BeeEx platform, a forum for digital asset trading. Its key features include transaction fee discounts, platform rewards, and participation in platform decision-making processes. BEE operates on the Ethereum blockchain and uses an Ethereum-compatible wallet for storage.

The development prospects of BEE are closely related to the performance and adoption of the BeeEx platform. If the platform continues to grow and attract more users, it could potentially elevate the demand and value of BEE tokens. However, as the application of BEE tokens is largely confined to the BeeEx platform itself, its wider adoption beyond this platform could be limited.

As for whether investing in BEE can lead to profitability, like any investment, it involves a degree of risk. The cryptocurrency market is known for its volatility. The value of BEE, hence, is subject to fluctuation based on a number of factors including but not limited to market dynamics, investor sentiment, and general economic trends.

Therefore, while there is potential for BEE tokens to appreciate in value, making an informed investment decision necessitates thorough research into both the BeeEx platform and the overall cryptocurrency market, as well as personal risk assessment and, where possible, advice from a financial advisor.

FAQs

Q: What is BeeEx (BEE) and its prime function?

A: BeeEx (BEE) is the token associated with the BeeEx exchange platform, primarily used for reducing transaction fees, earning platform-based rewards, and participating in decision-making.

Q: On which blockchain does BeeEx (BEE) operate?

A: BeeEx (BEE) operates on the Ethereum blockchain and adheres to the ERC20 token standard.

Q: What exchanges offer the option to purchase BeeEx (BEE)?

A: Among others, BeeEx (BEE) can be purchased on the Bittrex Global and GDAC.

Q: How does BeeEx (BEE) vary from other cryptocurrencies?

A: Unlike most cryptocurrencies, BeeEx (BEE) focuses mainly on platform-specific utility at BeeEx, primarily offering transaction fee discounts, rewards, and governance participation.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

User Reviews

More

3 ratings

Participate in evaluation
FX1807509641
The transaction fees for BEE are too high! Plus, the wallet often has issues and the customer support is slow to respond!
2024-01-31 00:53
6
0
Jenny31520
The user interface of the BEE trading platform is clear and easy to use. Unfortunately, the liquidity of assets and the related transaction fees do not seem to be leading the market.
2024-01-16 08:05
3
0
FX1098474438
The BEE trading platform is great! The interface design is intuitive and user-friendly, with a wide selection of currencies. Whether it's a new coin or a popular coin, you can find it here. The security is also excellent, I feel confident in trading!
2024-01-04 21:14
7
0