Recently one of my closest friends who has been intensively studying cryptocurrencies recommended BEEX Coin (BEE) to me. I promised to take a closer look because I know that he's a tech-savvy, intelligent and can spot great opportunities in the cryptocurrency world.
In this review, I am going to share the reasons why I see a great potential in their project. This is not an investment advice but I genuinely think that BEEX Coin (BEE) is a great project for several reasons.
Short Review
BEE Coin is a native cryptocurrency issued by BEEX. BEEX (BEEX.one) is the first fully transparent integrated crypto exchange with 100% reserve system. BEEX.one is a highly interesting project. They have a really ambitious and a big goal to build a cryptocurrency exchange. If they succeed with their goal, this is going to be a big thing.
1. The First Fully Transparent Integrated Crypto Exchange
The vision of BEEX.one is to build the first fully transparent integrated crypto exchange. BEEX.one platform has a high performance of millions of transactions and has a leading technical team and operation team in the digital currency industry. The safest, stable and efficient digital currency intelligent trading platform. BEEX.one has several features; data is 100% transparent, 100% reserve, no private placement and no reservation and deflation economic.
The above features are the strength of BEEX.one and this makes BEEX.one different from other Exchange.
2. BEEX Takes Cryptocurrency Development Forward
Cryptocurrencies have a strong network effect. The more people talk about them, the more people get involved and start using them. I want to see the day when I can pay with cryptocurrencies anywhere I go in the world.
During the last 6 months, I have traveled in Finland, Germany, Austria, Macedonia, Bulgaria, and Turkey. I have needed to have 4 different currencies in those countries. I always need to pay a fee when I exchange currency to another or if I get something other than euros from the ATM. If I could pay with cryptocurrencies, I wouldn't need to pay fees or use time with getting cash. That's only a little example from my life. But imagine that the same thing happens for millions and even billions of people all the time when they travel.
This is, of course, just one of numerous benefits of cryptocurrencies. I am not going into other details in this article because our main subject is BEE Coin but I just want to mention that there have been numerous situations in my life where cryptocurrencies would have been extremely beneficial. For example, once I needed to send money to my friend in the Philippines. It took several days that she received the money and we needed to pay 20€ fees. With cryptocurrencies, the transaction would have been instant and almost free.
I think it's crucial that we get more and more services around cryptocurrencies so we will see mass adaption in the future.
3. BEE Coin - A Strong Foundation
BEE Coin will be mined on the BEEX platform through open and transparent trading. The mining is divided into five stages, and the output will be halved after each stage, until 100 million BEEs are fully mined. 100% BEE will be produced through trading mining.
The first stage: 300,000 BEE per day for 180 days;
The second stage: 150,000 BEE per day, for 180 days;
The third stage: 70,000 BEE per day, for 180 days;
The fourth stage: 30,000 BEE per day for 180 days;
The fifth stage: 10,000 BEE per day for 100 days.
This is a very good foundation because BEE Coin that are mined every day are very limited and every certain period of mining results will be reduced by half.
4. Bonus! BEE Rights to BEE Coin Holders!
BEE holders have very special rights, of course this is very beneficial.
- Participate in the Token Sale;
- Discount trading fee;
- Enjoy the scarcity of BEEX's continued buyback and token burn;
- Stake BEE to become a BEE partner and obtained a super invitation coefficient;
- More scenes, stay tuned.
5. Buyback & Token Burn
The 70% net fee per day that the BEEX platform receives will be used for buying back BEE on the secondary market . 70% of the activity revenue and sponsorship fees received by the BEEX platform will be used for buying back BEE on the secondary market .
Every week, all the BEEs bought back will be burned/destroyed, the on-chain transactions will be announced at the first time; the burning plan will be implemented until the total circulation is 21 million.
6. Do You Remember What Happened to Binance Coin?
Binance is the second biggest crypto exchange in the world by volume. Binance Coin (BNB) is the cryptocurrency of the Binance platform. BEEX has a similar cryptocurrency namely BEE Coin.
In August 2017 the price of one Binance Coin was less only around 10 cents (=$0,10). Now in February 2020, the price of one Binance coin was over $25 for a while. That growth is actually very strong. If you would have invested in Binance early, you would have made more than 250 times profits. With a $5,000 investment, you would be a millionaire today.
The similar growth is completely possible with BEE Coin as well. In my opinion, that's a good reason to invest in BEE Coin.
Conclusion - Is BEE Coin a Good Investment?
Based on these 6 reasons I believe that big gains are possible with BEE Coin and I find it a worthwhile project.
1. Good and ambitious vision
2. Takes Cryptocurrency development forward
3. BEE Coin already has a strong foundation with BEEX.one
4. BEE Rights to BEE Coin Holders!
5. Buyback and Token burn
6. The history has shown that exchange coins have a huge potential for growth
I believe that big gains are possible and that's why I have invested in this cryptocurrency. But as always, I want to remind that there is a risk with any kind of investing. You may win money but you may also lose money. So you are the responsible for all your own investments. If you think that BEE Coin is worth investing, you can get involved by clicking the link https://www.beex.one/exchange/665/BEE/USDT.