Bee Network is a new blockchain innovation that provides opportunity for users to earn Bee coins, a new digital currency you can mine on your mobile phone. Bee Network is simply the app for mining, holding and growing your Bee balance. Bee network is also designed to provide gamified user experience.
In order to attain value for Bee coins, the Bee Network has been designed as a network of genuine people which fosters players to exchange goods and services in real life with their Bee coins and eventually get Bee listed on major cryptocurrency exchanges for trading or exchanging Bee with fiat money.
Join Bee Network with the invitation code: macronald
How to join Bee Network and mine Bee for free
Bee network is a new crypto currency network where you can mine free Bee coins on your phone without any kind of investment. All you need to get started is:
Download and install the Bee Network app from Google play store or you can simply click here to install the app.
Create your account using your mobile phone number or Facebook account. You will require an invitation code to get started. Without an invitation code you will not be able to join the network. Use the invitation code: macronald
Start mining with the push of a button. To get free Bee coins, all you have to do is push the mine button. Subsequently, you open the app once daily and push the button to start another 24 hours mining period.
How the Bee Network works
On the Bee Network, you can earn as a miner and a referer.
Earning as a miner - mining
A miner can earn free Bee coins at the base rate of 1.6 Bee per hour (currently at 0.8 Bee per hour due to halving and it will further be cut to 0.4, 0.2, 0.1 and finally 0 according to the growth of the user base) by opening the Bee network app every 24 hours and clicking the bee mining button. You will automatically earn hourly mining rate and each mining session ends after 24 hours, and you will required to open the app and press the mining button again to kick start another 24-hour mining session and continue earning Bees.
Earning from referrals
Referers help build the network with new and trusted members. You can refer new miners to join your earning team. For each active member in your team, you will earn an extra 25% base rate as your referral bonus. For example, if you have referred 10 members in your earning team and all of them are actively mining, you will earn an extra 10 x 25% = 250% Bees of your base rate. Therefore, the key to earn more Bees is to refer more new miners to join your mining team and remind them to mine daily.
A working example: given your base rate is 0.8 Bee per hour, and you have referred 10 new miners to join your mining team, but only yourself and 6 of them are actively mining today, you will earn
0.8 (base rate) + 0.8 x 6 x 25% (referral bonus) = 2.0 Bees per hour
So the key to earning more Bee coins on Bee Network is to mine and refer new users to join your earning team while the base rate remains high.
Note: you cannot join the Bee Network with an invite code. You can use this code: macronald and get 1 Bee for free.
Is Bee Network Scam or Legit?
Some individuals may refuse to take the advantage and join the network as a pioneer with the thought that the project may be a scam and the believe that free coins sounds too good to be true. I don't think that's the case with Bee Network.
In my view, it is totally safe and legit, but there is no guarantee that the project will succeed and become valuable in the future.
Now let's look at if Bee Network is legit, what to expect and if it's actually worth your time
Bee Network is new and may take couple of years, probably till 2024 to have any value. Don't get scared aware by the waiting time, remember Bitcoin also started some where. There is no guarantee that Bee Network will succeed just like with every other crypto. But if we look at the risk-reward scenario, again all you have to do Is install the app, create your account entering the invitation code, macronald, and once a day, open the app and press the mine button to start mining for free and once the development phase is completed these coins will have a value.
How to withdraw your Bee coins
You may be asking how can you withdraw your Bee coins earning or exchange it to a fiat currency like dollars or your local currency. The answer is that currently you cannot withdraw, trade or exchange your Bee coins because it is still in development stage. So it's not a full cryptocurrency yet and not listed on any exchanges.
You may also ask: If you cannot withdraw it what can you do with Bee?
At the moment, you can not do anything with it, all you can basically do is keep mining it for free. Think of it like in early Bitcoin days when people mined thousands of Bitcoin but they actually couldn't use them for anything. Now that doesn't mean Bee is worthless or useless and there is no need mining it at all. It means you are among the pioneers, first millions of users that joined the Bee network and currently receive Bee coins for free as a token of appreciation and also to build an active community and put a certain amount of Bee in circulation. So it's important you take advantage of this opportunity and that you simply spend 5 seconds everyday to open the app and press the mine button to keep mining.
Closing Thoughts
Bee Network can be taken as a new opportunity to mine cryptocurrency for those of us who missed the mining of bitcoin and other coins. It is still in the development phase, if you sign up and start mining now, you can mine enough amount to change your life when it gets listed in exchanges. In my view, the Bee Network app is totally safe and legit and it does not require any investment or app permissions. The effort is almost zero. So, if you wait for a few years from now, you will either have wasted about 5 to 10 seconds of your time every day or you would be looking at a couple of thousands of coins that could be worth a hundred or couple of thousand dollars that you can now trade or exchange to a fiat currency or use to buy whatever is available.
If you want to join Bee Network, feel free to use the invite code: macronald. Join now while the earning base rate is still high.
With this, I'll leave you to it. Thanks for reading, and I look forward to you joining the network.
Remember to leave your feedback or questions in the comments section.
TL:DR currently you cannot withdraw, trade or exchange your Bee coins because it is still in development stage. So it's not a full cryptocurrency yet and not listed on any exchanges.