Beenest Beenest is the first decentralized home-sharing network built on top of a set of Bee Protocols that connects hosts with guests without taking any commissions. The Beenest dApp and the Bee Protocols are powered by the ERC-20 utility token called the BEE token. The Bee Protocols consist of three protocols, the “P-A-R” protocols (Payment, Arbitration, and Reputation protocols) that are open Ethereum protocols which can power other future sharing economy dApps.
The Bee token is used within the Bee network to incentivize good behavior and punish malicious behavior. This creates network effects by aligning token holders’ goals and attracting early adopters through referrals. Token holders also have decentralized governance over the protocols, allowing for continuous deployments of backward-compatible improvements to the ecosystem.