BEEX will officially list BEE Coin (BEE) at 12:00 (Singapore time) on September 16th and start trade mining. 

 About BEE

BEE Coin（Symbol：BEE） is a native cryptocurrency issued by BEEX. The total circulation is 100 million, no  reservations and no additional issuance. BEEX will buyback BEE and all  BEE bought back will be burned weekly with platform fees and activity  income until the total is 21 million BEE. BEE holders will continue to receive a series of rights such as discount handling fees and subscriptions on the BEEX platform.

Features:
Data is 100% transparent: The first data transparent trading platform, the operation data of the platform will be fully disclosed after desensitization.
100%  reserve: Avoid misappropriation of funds and other evil behaviors of  platforms to ensure the absolute security of users’ assets.
No private placement, no reservation: 100% BEE is for the trade mining pool, without team reserve or private quota.
Deflation economic: BEEX will buyback BEE daily and all BEE bought back will be burned weekly.

Prof of buy back

 Total Circulation

100 million; no reservations and no additional issuance, all mined by trade mining. 

 Issuance 

 BEE will be mined on the BEEX platform through open and transparent  trading. The mining is divided into five stages, and the output will be  halved after each stage, until 100 million BEEs are fully mined. 

 The first stage: 300,000 BEE per day for 180 days;

The second stage: 150,000 BEE per day, for 180 days;

The third stage: 70,000 BEE per day, for 180 days;

The fourth stage: 30,000 BEE per day for 180 days;

The fifth stage: 10,000 BEE per day for 100 days. 

 Trade Mining Mechanism 

 BEEX will allocate BEE based on the proportion of the user’s trading  volume to the total trading volume of the platform the last day.

The specific calculation formula is as follows: 

 User Daily Trading Volume = User Daily Actual Trading Volume * (1 +  Activity Bonus) + Invited Friends‘ Daily Trading Volume * Invitation  Bonus
User Daily Output BEE Quantity = Daily BEE Output Total * User Daily Volume / Total Users‘ Daily Volume 

 * Activity Bonus: The BEEX platform will hold activities from time to  time, sponsored by other project teams; during the activity, holding the  sponsor’s token can obtain the “Activity Bonus” to speed up mining. 

 *Invitation Bonus: 0.2 (20%) of your Lv1 friends’ trading volume; 0.05 (5%) of your Lv2 friends’ trading volume. 

 BEE Rights 

 Participate in the Token Sale;
Discount trading fee;
Enjoy the scarcity of BEEX’s continued buyback and token burn;
Stake BEE to become a BEE partner and obtained a super invitation coefficient;
More scenes, stay tuned. 

 Buyback Plan & Token Burn 

 The 70% net fee per day that the BEEX platform receives will be used for  buying back BEE on the secondary market . 70% of the activity revenue  and sponsorship fees received by the BEEX platform will be used for  buying back BEE on the secondary market . 

 Every week, all the BEEs bought back will be burned/destroyed, the  on-chain transactions will be announced at the first time; the burning  plan will be implemented until the total circulation is 21 million. 

 1. BEEX is an aggregate trading platform, some of its orders come from  the top exchanges of cooperation; the net handling fee is the final  handling fee after deducting the handling fees of other exchanges. This  part of the 70% fees is used to buy back BEE, and the remaining 30% will  be used for BEEX maintenance. 

BEEX