Short-term housing rental startup Bee Token has teamed with financial services platform WeTrust to provide a decentralized insurance layer based on crowdsourced security deposits for Bee Token users.
Built on top of Bee protocols, Bee Token’s platform is a decentralized home-sharing network that connects hosts with guests without taking any commissions. The Beenest dApp and the Bee protocols are powered by an ERC-20 utility token, which was just the subject of a $10 million presale. A public token sale begins at the end of this month.
“Through decentralization, Beenest disrupts the current sharing economy model, using tokenization to allow early adopters and token holders to benefit from the growth of the Bee network by using Bee tokens in payment, arbitration and reputation protocols,” said Bee Token. “By removing the middleman and introducing a decentralized, automated sharing economy platform, Beenest will reverse the concentrated distribution of ownership, double-digit transaction fees, and avoid the vulnerabilities to security breaches and data manipulation of the existing short-term housing marketplaces.”
Source/More: Blockchain Home-Sharing Network Bee Token Partners With WeTrust To Strengthen Insurance Offering – BlockTribune