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BeeFi, a software in the Web 3.0 era: paving the way for social media and creating a new SocialFi economy

author:Observer of the crypto space

In today's world, privacy and security are the most talked about. There is growing concern about the huge databases of tech giants like Facebook, Amazon, Google, etc. Web 3.0 social media aims to break this hegemony, and the basic idea behind decentralized social media is to transfer ownership of the content to its actual creator, which ensures that only the creator can control and monetize their data. This principle forms the foundation of SocialFi.

BeeFi is based on the architectural principles of SocialFi, giving information data the ability to monetize and potentially have social impact.

BeeFi, a software in the Web 3.0 era: paving the way for social media and creating a new SocialFi economy

BeeFi is a decentralized social traffic aggregation platform developed by BeeFi Labs, an elite team from all over the world. It can help users seamlessly transition from Web 2.0 to Web 3.0 decentralized social networking, and provide users with a free, simple, safe and reliable communication application.

BeeFi has built a decentralized application ecosystem that bridges Web 2.0 (the existing Internet) and Web 3.0 (the new open Internet) for users. It is committed to solving the more urgent user needs in the current encrypted world, providing solutions to connect the Internet and the Web3.0 world, so that ordinary people can easily use the functions of Web3.0.

Usually, in the case of Web 2.0 social media platforms, creators lose ownership of the content they post. However, this is not the case at BeeFi. BeeFi combines blockchain decentralization technology with SocialFi to provide creators with the option to earn real rewards for content contributions, allowing users to own their data and the benefits it generates, protecting social privacy and receiving financial incentives.

Through the SocialFi economic system + economic incentive mechanism + computing power point system, every user, creator, and sharer can obtain corresponding rights and interests through their own hard work.

●SocialFi經濟系統

BeeFi will issue honey coins based on the blockchain, which will be used for all rewards or consumption behaviors of the BeeFi community, and is the currency circulating for BeeFi. Before the opening of the secondary market, honey coins will be distributed in the form of points, and users can obtain computing power output by completing daily tasks, or through gifts such as rewards and gifts from others.

● Economic incentives

BeeFi provides users with more financial incentives and opportunities to participate, and users can earn points through social activities, content creation, community building, etc., which can be used to purchase goods and services, or exchanged for other digital assets. This financial incentive provides users with more incentives to actively participate in social media platforms, while also providing content creators with more revenue streams that drive the generation of more valuable content.

●Arithmetic Integral System

As long as you complete daily tasks, or create content to develop the community, you can get computing power rewards, completely break the monopoly of traditional social platforms, and give the rights and interests to every creator and users who are helpful to the development of the community.

BeeFi, a software in the Web 3.0 era: paving the way for social media and creating a new SocialFi economy

In addition, participating in various activities on the BeeFi platform brings a variety of enjoyable experiences and increases the social value of users.

In the early stage, BeeFi opened six functions with short videos as the core, gathering more like-minded friends through live broadcasts, shopping, etc., and then further deepening social relationships through honey chatting, honey friends, honey meetings, etc. Users can act as service providers and earn points for content production, tipping, sales, etc.

● Social function 1: short video

At present, short video is the core of traffic, and BeeFi will also use short video as the entry point to attract a large number of users through huge functional applications, retain users through point rewards, and then promote the development of the entire ecosystem. The difference is that BeeFi can earn points for taking on tasks or producing content.

● Social function 2: shopping

BeeFi brings together a variety of high-quality products from all over the world, and users can shop directly on BeeFi or redeem them with points.

● Social function three: live broadcast

On BeeFi, users can also open live broadcasts, such as product sales, teaching live broadcasts, game live broadcasts, etc., to obtain reward income through live broadcasts.

● Social function four: honey chat

Users can chat with voice or video, freely match chat between the two parties, or chat with each other. Companions are rewarded with points.

● Social function five: honey friends

Users and friends can interact with each other online, open a black chat together or chat in different chat rooms, and experience the joy of social interaction together. After the friendship value of honey friends is full, you can also finally choose "honey to meet" and have a romantic offline date.

● Social function six: Honey see

Team up in the same city to go on a sightseeing tour, or have a meal and date with friends, all on BeeFi. Users can also earn points for playing offline.

Not only that, BeeFi has developed DAO community autonomy, and users can become "honey DAO" by paying for it. "Honey DAO" can participate in various decision-making processes on the BeeFi platform to jointly govern all communities and vote on the development of BeeFi. Any proposal proposed by node members must be approved by more than 60% of the voters within the voting period before it can be implemented.

BeeFi, a software in the Web 3.0 era: paving the way for social media and creating a new SocialFi economy

In terms of technology, BeeFi uses the industry's highest level of encryption technology, allowing users to communicate text, voice, video, and other communications with peace of mind, providing users with unparalleled communication privacy and security.

BeeFi will become an important credit and security guarantee in the Web3.0 era through a decentralized trusted network composed of five parts: trusted identity, trusted ledger, trusted computing, trusted storage, and high-speed network.

At the same time, BeeFi uses distributed storage technology for decentralized content storage and distribution services, which are distributed on computers through the Internet. Make sure the BeeFi network runs a BeeFi node and connects to the BeeFi network just like an Ethereum node. This is similar to IPFS, where Bee coins are used as reward incentives.

In addition, BeeFi uses DAO as the underlying governance structure, and uses distributed autonomous organizations to store all content in a decentralized storage network, which is open, transparent, and cannot be tampered with. Anyone can review changes to the rules of the project, etc., and schedule resources in a timely manner without wasting time due to review. Community users can vote on the listing and delisting of strategies through the BeeFi they hold, and participate in community decision-making.

BeeFi shards data according to business, solves the scaling problem of traditional sharding schemes, and supports large-scale application implementation. This provides favorable technical conditions for BeeFi to continue to explore the field of Web3.0 in the later stage, based on the layout of multiple tracks such as SocialFi social ecology, advertising tasks, live streaming, cross-border e-commerce, supply chain finance, NFT ecology, GameFi ecology, AI ecology, metaverse ecology, and Web3.0 aggregator. It is conducive to better and faster self-iteration and upgrading of products, and provides users with the best service experience.

conclusion

On the road to connecting Web 2.0 and Web 3.0, BeeFi is moving forward with all its might. In the process, decentralized infrastructure, as well as applications, are evolving at an astonishing rate. The general public will also soon experience a new, more open Internet. We believe that BeeFi can play a vital role in this process and provide more valuable social financial services.

This is the age of entertainment, but also the age of socialization. But we believe that as BeeFi continues to grow, it will eventually belong to the era of BeeFi.

Have you kept up with the BeeFi era?