Bee Token’s goal is to build a decentralized vacation rental and home sharing platform, similar to AirBNB, but without any of the middlemen or large commissions that are retained by the platform. In this way, Bee Token hopes to give more control and rewards back to those people who make such marketplaces a success, the homeowners, and renters themselves.
Using a different tokenization revenue model, fees are not charged if users pay in Bee Token. A 1% fee is charged for using Bitcoin or Ethereum, in order to trade it back to Bee Token cryptocurrency, and 4% for fiat currency, to cover credit card processing. Payment processing is done using Ethereum-based smart contracts so that Bee Token never directly touches your payment.
Customer service and conflict resolution will also be decentralized, with a decentralized website coming in the near future. Bee Token will start with rentals in San Francisco, and within a year plan to branch out to New York and Los Angeles. Private testing is underway, with a public beta by the end of December 2017 or beginning of January 2018. Due to strategic partnerships, they will have thousands of listings available as soon as they launch.
For more information, visit www.thebeetoken.com.