Announcement on the adjustment of $BEE trading fee allocation scheme
Dear BEECapital partners and users,
Greetings, BEECapital has received strong support from our partners and users community ever since launching, thank you for your continuous trust and for joining us along the journey!
To ensure healthy and stable development of the project, as well as to benefit early enthusiastic adopters, our team has decided to adjust the distribution scheme of $BEE transaction fees. We will heavily reduce the proportion of fees dedicated to team operations, marketing and CEX listing; increase the proportion being burned; modify Bumblebee NFT holder dividend scheme, bring in more functional benefits of the non Bumblebee NFTs, and introduce new invitation rebate scheme. More details are as below:
Original $BEE trading fees allocation scheme:
BumbleBee NFT dividend 30%
Operations, Marketing, Listing etc. 40%
Fixed destruction 30%
Adjusted $BEE transaction fee allocation scheme:
Bumblebee NFT dividend 15%
Other NFT dividends 5%
Invitation rebate 15%
Operations, Marketing, Listing etc. 25%
Fixed destruction 40%
About Bumblebee NFT (15%)
Original max supply: 256
Adjusted max supply: 128
Original dividend share: 30%
Adjusted dividend share: 15%
The proportion of actual dividend shared by each single Bumblebee holder remains unchanged, whereas the reduced quantity would help building a more cohesive and united common sense amongst community members and Bumblebee holders.
Bumblebee NFT Dividend Rules:
Within the snapshot cycle, users having
average position ≥ 50,000 $BEE can receive 100% dividend bonus
50,000 $BEE> average position ≥ 40,000 $BEE can get 70% bonus
40,000 $BEE > average position ≥ 30,000 $BEE can get 50% bonus
30,000 $BEE > average position ≥ 20,000 $BEE can get 25% bonus
20,000 $BEE > average position ≥ 10,000 $BEE can get 10% bonus
The average position <10,000 $BEE is not eligible for dividends
Note: Snapshot position includes LP staking amount, 1LP BEE/USDT= 3$BEE
Snapshot rules:
First cycle: June 1 - June 20.
Following cycles: 21st each month - 20th next month.
Snapshot of the average position would be taken daily in each cycle.
Snapshot time: daily random snapshot between 00:00:00 - 23:59:59 UTC
Dividend calculation formula:
Number of $BEEs available for dividend = Number of $BEE in the dividend bonus pool / Number of total existing Bumblebee NFT on the dividend day * Percentage of dividends available
For example, on June 20th the Bumblebee bonus pool has 1,000,000 $BEE, total number of Bumblebee NFTs generated at snapshot time is 100,
if Alice generated 1 Bumblebee NFT on June 19th, has an average position of 60,000 $BEE from June 1st to June 20th, then her eligible dividends = 1,000,000 / 100 * 100% = 10,000 $BEE
if Bob generated 1 Bumblebee NFT on May 30th, has an average position of 45,000 $BEE from June 1st to June 20th, then his eligible dividends = 1,000,000 / 100 * 70% = 7,000 $BEE
Note: one single address can only receive one Bumblebee NFT dividend at max.
$BEEs cannot be received due to insufficient average position during snapshot cycle will be burned. Along with unclaimed $BEEs dividends.
Other NFT destructions & functional benefits plan (5%)
Queen Bee NFT:
Original max supply: 1,024, of which 50% will be destroyed, 512 remaining. Queen Bee NFT can be used to combine with others to create Bumblebee NFT, Queen Bee NFT holders can get 2% dividend of $BEE transaction fee.
Get Queen Bee NFT by: buy and sell freely in the NFT market or use $BEE to mint directly. (Minting opening time and fee to be anouced).
Hash Bee NFT:
Original max supply: 2,048, of which 50% will be destroyed, 1,024 remaining. Hash Bee NFT can be used to combine with others to create Bumblebee NFT, Hash Bee NFT holders can get 1.5% dividend of $BEE transaction fee.
Get Hash Bee NFT by: buy and sell freely in NFT market or get 1 mint amount for a cumulated trading amount exceeding 90,000 $BEE on PancakeSwap.
Knight Bee NFT:
Original max supply: 2,048, of which 50% will be destroyed, 1,024 remaining. Knight Bee NFT can be used to combine with others to create Bumblebee NFT, Knight Bee NFT holders can get 1.5% dividend of $BEE transaction fee.
Get Knight Bee NFT by: buy and sell freely in NFT market or add to LP staking pool, get 1 mint amount when staking progress reaches 100%.
Lucky Bee NFT:
Original max supply: 5,120, of which 50% will be destroyed, 2,560 remaining. Lucky Bee NFT can be used to combine with others to create Bumblebee NFT, Lucky Bee NFT holders can participate in the lottery games, specific details of which are to be announced later.
Get Lucky Bee NFT by: buy and sell freely in the NFT market or participate in official marketing campaigns to obtain minting amount.
$BEE used for NFT minting fees will be completely burned.
Invitation rebate (15%)
15% of the transaction fees collected will be reserved for invitation rebates. Invite others users, ask your invitee to bind to your invitation code to receive this rebate income.
Will publish our method in dealing with the invitation rebates not allocated to any inviter account, this part of $BEEs would most likely will be burned.
Invitation rebate functionality is expected to be live in early June!
Fixed burning (40%)
Rate increased from 30% to 40% to ensure continuous deflation, secure the rights and interests of early $BEE adopters.
Operations, Marketing, Listings etc. (25%)
Rate lowered from 40% to 25%. Fees would be allocated to research and development, social media campaigns, AMA sessions, major exchange listing / market making etc.
NFT multiplication rules:
NFT multiplication system is expected to go live in early June. Queen Bee NFT + any other Bee NFT can be used to merge together and multiply, which can generate one of the 4 types of NFT other than Bumble Bee. Bee NFTs used for multiplication won‘t be destroyed while having less times eligible for multiplication.
Queen Bee NFT can reproduce 2 times, all other NFTs can reproduce only once.
Reproduction fee for each kind of NFT is to be determined, and all $BEEs used for reproduction will be burned.
NFT market optimisation:
The NFT Market filtering and price sorting functions are expected to be live on May 29th.
Bee Capital Team
May 26, 2022
Last updated