BEE tokens are an important token on Hive Engine. There are a few use cases to BEE. The main use case is that we will be able to use some of the Hive Engine services only if we have enough BEE. There is a proper tokenomics and inflation set for the BEE tokens to get minted. The price of BEE is very good right now creating a nice opportunity to purchase BEE if you are planning to purchase any of the Hive Engine services in the future.
I personally have some plans to create a few tokens but I already have enough BEE that I can use for this purpose. People who have NFTs and token-based operations on Hive Engine will need BEE for some purpose. For minting NFTs, BEE is required.
How to get BEE tokens?
There are a few ways in which we will be able to get BEE tokens. The first and most popular way is to stake WORKERBEE tokens. With the WORKERBEE stake, we will be able to get BEE tokens every hour based on the stake we hold.
BEE tokens also have blogging inflation. People will be able to get some BEE tokens on their posts by using the hive-engine tag on their posts. That is the next way in which we will be able to get BEE tokens. Running a Hive Engine witness node will also give BEE tokens. There are two types of nodes. Full nodes and light nodes. Whichever node we run, if we are in the top 20 positions, we will be able to earn a decent amount of BEE tokens.
The next popular method by which we can get a BEE token would be to purchase it directly from the market. BEE tokens are one of the highly fluctuating tokens on Hive Engine and they react to the market demand and supply. Once upon a time, the price of BEE used to be close to 1$ when the price of Hive was also high. Now the price has dropped but there is always a demand for BEE on the Hive Engine market.
Where to use BEE tokens?
BEE tokens are used to create a token on Hive Engine. We will be able to create a new token on Hive Engine for a cost of less than 50$ which is close to 100 BEE. In addition to this, there are also other services like creating NFTs that can be done using BEE tokens. Minting NFTs will also cost BEE tokens.
Most of the developers who have their game assets on Hive Engine will need BEE tokens to mint the assets. This is a good use case for BEE tokens and in the long run, it will be sustaining. In order to increase the value of BEE tokens, we will need more projects on Hive. That would increase the demand for BEE tokens and might also bring more use cases to this platform.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
 |
 |
 |
 |
 |
 |
Posted Using LeoFinance Beta
Jay ho Bala, BEE looks good right now, and I would love to mint my own tokens for fun. Regarding NFTs, I mint mine on Hive blockchain at nftshowroom.com costing only 3.3 Hive to mint 1, and no need for BEE.
I think NFT showroom internally takes care of the BEE cost
BEE or WORKERBEE?? Choose one Bala. xD
Posted Using LeoFinance Beta
Both are good. BEE had more liquidity than WORKERBEE.
Alright, thanks brother. I think I will get some Workerbee to get BEE. So I will have both that way. 🔥
I did not know this about BEE and for me it was like another tribe token. We should know this information and thanks to you for sharing it Bala.
Posted Using LeoFinance Beta
Cool yeah this is not another tribe token. This is a bit different.
Good points. Didn't know about that hive-engine tag thing, thanks for sharing!
Posted Using LeoFinance Beta
Cheers!
Bee has a lot of potential, especially when hive goes mainstream.
!1UP
Posted using LeoFinance Mobile
BEE tokens are nice but once a token/project is started, will they really need much BEE? I understand that modifying things will use up BEE though.
Posted Using LeoFinance Beta
Yes for issuing NFT, BEE will be required.
Adding WORKERBEE little by little.
!PIZZA
Posted Using LeoFinance Beta
That's a good move.
For those selling BEE its not so great right now! lol but it swings in round abouts!
Even if people sell it right now there will be a demand for this later.
Thanks the post i will buy little quantity
agree im buying some now
Considering that BEE tokens are powering up the entire second layer tokens ecosystem on Hive blockchain, they are appealing to investors as there will always be demand for them. A great asset to this ecosystem that should be part of any Hive-Engine portfolio.
Posted Using LeoFinance Beta
Yes that's true. 🙂
The rewards earned on this comment will go directly to the people( @bala41288 ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
View or trade
BEER.Hey @bala41288, here is a little bit of
BEERfrom @pixresteemer for you. Enjoy it!Do you want to win SOME BEER together with your friends and draw the
BEERKING.This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share 100 % of the curation rewards with the delegators.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
Read our latest announcement post to get more information.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
Your content has been voted as a part of Encouragement program. Keep up the good work!
Use Ecency daily to boost your growth on platform!
Support Ecency
Vote for new Proposal
Delegate HP and earn more
Cool info.
!PIZZA
Posted Using LeoFinance Beta
PIZZA Holders sent $PIZZA tips in this post's comments:
@curation-cartel(13/20) tipped @bala41288 (x1)
ugochill tipped bala41288 (x1)
You can now send $PIZZA tips in Discord via tip.cc!
You have received a 1UP from @b0s!
@leo-curator, @ctp-curator, @bee-curator, @vyb-curator, @pob-curator, @neoxag-curator, @pal-curator, @cent-curator
And they will bring !PIZZA 🍕.
Learn more about our delegation service to earn daily rewards. Join the Cartel on Discord.