News
Cryptocurrencies: Win with $BEE, a token with real utility
In the evolving cryptocurrency landscape, few projects manage to combine real utility with a solid economic model. However, this is precisely the challenge facing $BEE, a deflationary token at the heart of the Globees ecosystem. This token, in fact, intelligently connects its economy to the real activity of the platform, thus guaranteeing its sustainability.
$BEE Cryptocurrency: A Deflationary Economy, Perpetual Buying Pressure!
The maximum issuance of the $BEE token is limited to 625 million units. However, far from being resolved, this supply is constantly decreasing. In fact, every crypto transaction on Globees involves token burn: real estate purchases, minting NFTs, or booking nights. Over time, tokens are literally consumed, reducing the total amount in circulation and putting perpetual buying pressure on $BEE. For example, as soon as a property is acquired, 1 million tokens are bought back and destroyed. Likewise, 15% of the value of each NFT Globees minted is burned upon its creation.
The regular burning of tokens also participates in the nightly booking process on the platform. Therefore, 15% of the tokens issued for a regular booking are burned. This percentage rises to 15% of the total amount for bookings paid directly in $BEE, offering users a significant discount.
At the same time, the issuance of new $BEE remains strictly limited. Only 500 tokens are generated for each night booked. This fee will require at least 2000 reservations to make up for 1 million tokens burned during a real estate acquisition. Over the course of a full year, this represents 5.5 years of sustained activity.
Real utilities, easy mass adoption
In addition to its smart economic design, Globees – backed by the BPI (Public Investment Bank) and a member of French Tech – has designed its BEE token to attract its users thanks to its numerous utilities within the ecosystem.
First, it allows for the minting of NFT Globees which offer numerous benefits to holders. From discounts on stays to participation in the governance of the project, included free nightsthese so-called “non-fungible” tokens drive adoption of the $BEE cryptocurrency.
The Globees NFT collection is divided into 4 rarity grades, each associated with progressive benefits:
- The Forager is purchased for $20,000 BEE and already paves the way for premium benefits
- The Architect 60,000 $BEE
- The Warrior $180,000BEE
- The jewel of the collection, the Queen for $540,000BEE.
The higher the rank, the greater the associated benefits: exclusive discounts on Globees-owned properties, free stays, governance rights. A real added value for Globees NFT owners.
The token is also used as a means of payment to book stays on the platform. An even more interesting use since cryptocurrency holders benefit from substantial discounts. Finally, a financial component completes the range of $BEE utilities with staking and farming offers in partnership with the main MultiversX crypto projects.
Greater cryptographic security thanks to the ESDT standard
Built on the MultiversX (formerly Elrond) blockchain, the BEE token benefits from the numerous advantages of ESDT standard (Fungible token issued by Smart Contract). Unlike some tokens, $BEE is a native digital asset of the protocol and not just a smart contract. This fundamental difference totally makes it immune to vulnerabilities of smart contracts which, in the past, have caused the massive transfer of numerous cryptographic tokens. Combining a deflationary economy, real services and enhanced security, the $BEE token positions itself as a cryptographic instrument truly anchored in the real world. Far from sterile speculation, this token is increasing the activity of a rapidly expanding platform while offering a solid store of value to its holders. A new decisive step towards the massive adoption of cryptocurrencies.
Maximize your Cointribune experience with our “Read to Earn” program! Earn points for every article you read and access exclusive rewards. Sign up now and start earning benefits.
Click here to sign up to “Read to Earn” and turn your passion for cryptocurrencies into rewards!
The Editorial Staff C.
Cointribune’s editorial team has the voice to express their issues related to cryptocurrencies, investing, the metaverse and NFTs, and strives to better answer your questions.
Disclaimer:
The contents and products mentioned on this page are in no way endorsed by Cointribune and should not be construed as its responsibility.
Cointribune strives to provide readers with all relevant information available, but cannot guarantee its accuracy or completeness. Readers are encouraged to inform themselves before taking any action against the company and to take full responsibility for their decisions. This article does not constitute investment advice or an offer or invitation to purchase any products or services.
Investing in digital financial assets involves risks.