Bee Network White Paper(Draft V1.1)
Table of Contents
2. Project Vision
3. Project Details
Bee Network is a Decentralized Autonomous Organization (DAO) organization whose essential operations are automated agreeing to rules and principles assigned in code without human involvement.
The naming of Bee Network is inspired by the concept of Hive Mind taken from the reputable publication Out of Control: The New Biology of Machines, Social Systems, and the Economic World by Kevin Kelly. Hive is taken as the metaphor of Hive Mind given its structure: there is a clear division of labor in which each individual honey bee has its own role and responsibility, and they all work together systematically and spontaneously to ensure the smooth operation of the Hive in the absence of a central authority. This ecosystem is also known as a distributed system which its productivity relies on thousands of individual input.
This self-sufficient ecosystem has the following characteristics:
1. Recognition in the existence of individuals and modules within the organization: Individuals and modules own a high degree of independence yet maintain close contact with each other. Independence means that each module has its own division of labor and close contact means a convenient way of communication between related parties.
2. Powerful accommodation ability within each module: Each module is able to maintain its equilibrium by accomodation in the absence of a central authority.
3. Unified objective and unique capability of individuals and modules: in order to fulfill the characteristics stated above, each individual and modules share the same objective and each of them would contribute to the objective in their own way, for example, some independently extract honey, while some independently work as pathfinders.
The organizational structure within a hive includes a queen bee and numerous worker bees. Bees communicate (such as informing the location for extracting honey) by dancing. When the hive is under attack and when a bee transmits the signal, the rest of bees will join the fight together. This type of collaboration between bees makes the hive a complete organization. The operation of the bee colony relies on the spontaneous contribution of each individual. Even though the power of each individual is relatively limited, the collaboration of these joint powers could be very powerful.
Embodiment of Hive Mind
The project is named as Bee Network with our vision that the network will operate like a hive which by collaborating the spontaneous contribution of each individual, the network will become a powerful force and thrive.
2. Project Vision
The Bee Network core team is composed of top-tier experts with specialism in internet & blockchain technology, mathematics & cryptography experts and community volunteers. If you have an interest to join the Bee Network team or become a community volunteer, you can email us your resume to [email protected]
The initial development of the Bee Network is mainly funded by anonymous sponsors and the project will continue to draw further sponsorship. Meanwhile we are in progress of forming Bee Network Foundation. We will announce the list of core team members, sponsors and advisors upon the establishment of the foundation. As the Foundation and the core team own 25% of the total issued Bee as development reward, these Bee will be also be allocated to project sponsors and the further build-up of Bee Network ecosystem.
Bee Network is committed to utilizing blockchain technology to establish an open internet platform and an ecosystem of Dapp (decentralized application). We will also progressively introduce mobile games, social network, e-commerce, and lifestyle services with the ultimate goal of turning every user’s role as the platform’s consumer, contributor and value owners at the same time.
User Development Phases
Phase 1: from 0 to 1 million users. The 1-million-user milestone is accomplished already.
Phase 2: from 1 million users to 10 million users. To ensure the safety and privacy of Bee Network and its users, the core development objective of phase 2 will be launching KYC (Know Your Customer) practice to ensure the validity of users. In addition to KYC, we will also establish community service which allows community members to contribute their ideas for defining the core development objective of next phase. Furthermore, during Phase 2 we will also introduce Node and Dapp ecosystem so that operation of Bee Network is sustained stably by user interactions within this dynamic community.
Phase 3: from 10 million users to 100 million users. During phase 3 we will develop a Bee Network value exchange marketplace and launch it when the development of Bee Network’s ecosystem is mature and sustainable. By utilizing Bee Network’s blockchain technology, the use and transaction via an open internet platform will be fostered.
3. Project Details
Bee Network is a new blockchain innovation that provides gamified experience for users to earn Bee, a cryptocurrency that you can mine on your mobile phone. By playing the roles of Miner, Referrer and Verifier, Bee Network players will earn rewards in Bees. In order to make Bee valuable, Bee Network is specially designed as a network consisting of genuine people which fosters players to exchange goods, service and expertise in real life with their Bee balance and eventually list Bee on major cryptocurrency exchanges for trading Bee with fiat money.
The Bee Network economic model is built upon the following principle, i) new supply of Bee becomes 0 when the total user base has grown to 1 billion worldwide ii) earlier joiner should be rewarded better than late joiners iii) users with more contribution to the community should be rewarded better iv) contribution made by Bee Network ‘s core development team should be recognized and rewarded v) total supply of Bee is dependent on number of users.
The total supply of Bee = M + R + V + C when Bee Network ceases Bee supply when it hits the 1-billion-user mark. M, R and V refers to the total Bee earned by all miners, referrers and verifiers before supply ceases. C refers to Bee rewarded to Bee Network’s core development team, which is 25% of (M + R + V). Hence, the actual amount of total supply of Bee is dependent on the total users activity before Bee Network hits the 1-billion-user mark.
As cryptocurrencies and blockchain are still relatively new technologies with vast potential yet unknown to the mass public, we at Bee Network hope our application serves as a useful tool to educate everyone on cryptocurrencies. Bee Network is free to download and play, so while learning about cryptocurrencies, players also have the opportunity to be rewarded in a growing asset without investing from their own pockets.
How does Bee Network work?
There are three main roles in Bee Network - Visioner, Ambassador, and Verifier. Once you have pressed the thunder button to kick start your 24-hour mining session, you will earn Bee with the formula of (base rate) + (base rate) x 25% x (number of active miners in your earning team) in the next 24 hours until your mining session ends. Base rate as miner starts at 1.6 Bee per hour, and will be down 50% to 0.8 Bee per hour when total user base has grown to 100,000 user worldwide, a further 50% cut to 0.4 Bee per hour when it grows to 1 million users worldwide, another 50% cut to 0.2 Bee per hour when it hits the 10 million, another 50% cut to 0.1 Bee per hour when it hits 100 million and eventually no new supply when Bee Network has reached 1 billion users worldwide. So the keys to earning more Bee is to mine and refer new users to join your earning team as much as possible when the base rate remains high.
Every player will get the base rate at 1.6 bee / hour by logging in the app every 24 hours and clicking the bee button. You do not need to keep the app open after clicking the bee button and you will automatically get hourly rate. You will stop after 24 hours until you have clicked the bee button to start a new 24-hour session. Please note that the base rate as Visioner will be reduced by 50% for 4 times depending on the growth of total user base until Bee Network ceases supply of Bee when there is 1 billion user worldwide. The base rate as Visioner will be reduced from 1.6-> 0.8 (when grown to 100,000 users), 0.8 > 0.4 (when grown to 1 million users), 0.4 -> 0.2 (when grown to 10 million users), 0.2-> 0.1 (when grown to 100 million users) until supply becomes 0 when grown to 1 billion users.
An Ambassador can refer new Visioners to join your team which you will be able to interact with your team members and accomplish mission together in the upcoming in-app functions to be launched when the Bee Network project has enter next phases.
Verifier (The role of Verifier will only be launched since Bee Network has entered Phase 2)
Please note that role of Verifier will only be launched in Phase 2. Bee Network ‘s objective is to build a gaming community with trusted member. Hence, we need verifiers to verify the identity of members bring them into your verified network. By doing so, you confirm:
You know the person whom you have verified in person
You trust they are ethical and not fraudulent
However, please note that you will need everyone in your security circle to successfully complete KYC (Know Your Customer) compliance process before you can utilize the full functions in next phases.
Early Bee Network players will have an advantage to earn more Bees as the base rate as a Miner will be reduced by 50% from 1.6 -> 0.8 -> 0.4 -> 0.2 -> 0.1 -> 0 Bee per hour when the total user base is grown to 100,000, 1 million, 10 million, 100 million and 1 billion. Hence, it is always important to get started now before the base rate is halved.