Recap｜REI Network AMA with BeeHive

On May 24, Dan, director of business development of Beehive was invited to the AMA about Beehive in the REI Network international community. During the AMA, Dan

explained the features of the project, the function of three tokens, the strategy that they will implement to bring non-crypto-natives into the ecosystem, and so on.

So many interesting questions from the community about Beehive’s vision and the future of the project. Thank you so much for supporting our AMA. Now let us enjoy the recap!

Community: Can you list 1–3 killer features of your project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?

Dan: Our special NFT+Gamefi model is well-designed, every single Bee has its own characteristics. And it’s the first Play and Earn RPG game based on the very efficient Tri-Token architecture and playable by anyone. We do a Fair launch. No presale, No pre-mine.

Community: In BeeHive, there are three tokens $REI, $HONEY, and $SUG, What is the function of each of these three tokens? How you will control the value of the price of the tokens so that there is no inflation? What are the tokens the one we need the most to participate in the game?

Dan: Bee NFT starts working and earn $HONEY (BeeGold) salary. Turn it to $SUG for energy, mine to earn more.

HONEY is a governance token produced by BEEs. As the main currency in the BeeHive ecosystem, it is designed to fight inflation with multiple burn mechanisms. This is the only way to get $SUG, the bee’s favorite food, and players can also upgrade their bees.

$SUG is the second utility token in the game and is used as the only energy source for BEEs. This precious food is deflationary by design and has a limited supply, which means you have to eat enough before it runs out! Sufficient $SUG is required for both upgrade and un-upgrade freeze time.

As $SUG is hard-capped and burned once consumed, over time the supply will be exhausted and will eventually run out. BeeHive encourages players to burn all sugar produced as this is the only way to earn more income;

Community: Earning is the most interesting part of the NFT gaming industry. BeeHiveGame allows players to not only have fun playing, but also invest their time and money to get a great return as profit. So, what are the different ways to earn income that BeeHiveGame offers to its users?

Dan: There are many ways for users to earn while playing this game. They can trade their Bee NFT, the price will be different since the level and characteristics are different. Then they can choose to level their Bees or sell the $Honey. We have provided LP for users to trade on Oortswap which is the top-one DEX on rei right now.

Community:Most NFTs games currently suffer a low player base due to the expensive initial cost for a new player to take part in the game, How does BeeHive is attracting a large group of players? can you talk about some of its which make it different from others?

Dan: As I mentioned above, we are a well-designed and first Play and Earn RPG game based on the very efficient Tri-Token architecture and playable by anyone. This is our advantage. Since there’s no such a GameFi dapp right now on REI, I believe we can attract enough players.

Community: What strategy will you implement to bring non-crypto-natives into your ecosystem? How do you keep a balance between developing the technology and also improving the value of your token?

Dan: It’s very user-friendly. All steps are pretty easy, with You need to get your wallet ready, prepare some REI tokens for the transaction fee, set up REI network in your wallet, and that’s it! We believe keep developing new function is necessary. It will keep our players active and NFT more tradable and also playable. We are developing more functions to give our NFT more rights to use and more scene to use.

Community: Competition in the NFT space is starting to get fierce. What do you guys have in the pipeline, especially in terms of partnerships/marketing lined up? How do you plan to compete in such a crowded space?

Dan: We are trying to become partners with all the dapps on REI Network, of course also the official team of REI Network. More and more people are seeing the value of NFT and are willing to pay for it. It has gained tremendous attention, both in terms of its artistry and value. Now there are many countries that also strongly support the NFT industry, I think it is all conveying a concept to users that NFT has great potential for future development. Our strength lies in the diversity and fun of gameplay, and I always believe that no matter how competitive the market is now, the playability of the game is the most important thing.

Community: Do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness? What are the major milestones BeeHive has achieved so far, and what can we expect from you guys in the future?

Dan: Yes, we do! As $SUG is hard-capped and burned once consumed, over time the supply will be exhausted and will eventually run out. BeeHive encourages players to burn all sugar produced as this is the only way to earn more income.

For milestones, we just uploaded our roadmap to our docs. We successfully launched Bee minting, mining, staking, leveling, and trading functions. We will support ranking race, and fight predators which is like a boss fighting function. Check out our roadmap.

We will also consider the suggestions from our Bee holders and community. And you can keep an eye on our updates. In addition to the gameplay itself, our community will also hold interesting events from time to time, and all are welcome to participate, with great rewards as well.

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Recap｜REI Network AMA with BeeHive was originally published in REI Network Project on Medium, where people are continuing the conversation by highlighting and responding to this story.