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.
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