Bee Network is something I've recently come across after I started mining Pi Coin on my phone, but I was on the late end of joining that. Much like Pi Network all you are required to do is open the app once per day at click the mining button. Bee Network is still fairly new but is quickly growing just recently having broke 800,000 miners at the start of the new year. In the beginning the base rate for miners was 1.6 BEE/hr. However after hitting 100k users the reward rate was halved down to 0.8 BEE/hr. The base rate will continue to halve at 1 million/ 10 million/ and 100 million. Once the network hits 1 billion users BEE will no longer be able to be mined.
How to earn more BEE?
The first way is by growing your mining team by referring others to the network (you only earn if they are actively mining).
The second way is by being being a verifier. You can do this by putting miners that are part of your earning team in your security circle. You should only do this with people you trust. For each member added to your security circle you will earn an extra 0.2 BEE/hr. The role of verifier will become available with the phase 2 launch (est. Q3 2021).
Project Timeline
I'm going to summarize this part, don't judge me for being lazy.
Phase 1: Basically getting people aware of Bee Network and will also include the test net.
Phase 2: This will happen after Bee Network reaches at least a million users (remember they just passed 800k). At this point Bee Newtork will implement KYC guidelines to comply with the Anti-Money Laundering and Countering of Terrorism Act. At the current time this is not required.
Phase 3: This is the final stage in Bee Network's roadmap. This phase will involve getting Bee Network listed on major exchanges. The targeted timeline for Phase 3 is Q3 2022 (or after at least 3 million active users)
If this sounds like something you would want to check out you can check it out here Bee Network.
Bee Network is an invite only project so i will leave my code here INVITE CODE: tony94 (it is case sensitive).
If you would also like to mine Pi coin you can use my Invite code.
