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What has BeeFi done for the SocialFi economy?

author:Observer of the crypto space

With the development and influence of technology. In today's society, our social interaction is gradually shifting from offline to online. Through social apps, people can communicate, shop, and obtain information in a variety of ways. All of a sudden, social apps have become an indispensable part of our lives.

What has BeeFi done for the SocialFi economy?

However, in addition to the convenience that social apps bring to our lives. Have you ever thought about it. Whether the social apps we use are really safe and reliable.

ACCORDING TO RELEVANT DATA, ON MARCH 22, THERE WERE 1.31 BILLION MONTHLY ACTIVE ACCOUNTS ON WECHAT AND WECHAT. These two big data highlight the huge amount of social information and financial flow data behind it. However, most of the current WeChat-based mobile social applications are centralized servers as the core of data processing for social networking and capital exchanges. The risk is also obvious, i.e., if the central server is compromised or perceived as a malicious attack. The consequences of the leakage of communication content and the loss of funds will be unimaginable.

The good news is that there is always a technical solution to a technical problem. In recent years, with the development of blockchain technology. It is applied to the development of software by developers in many fields to solve the security problems of software in information encryption and value transmission.

BeeFi is an encrypted mobile social APP developed by combining today's traditional Internet technology and blockchain technology. Its biggest feature is the innovative introduction of blockchain decentralization and peer-to-peer technical characteristics on traditional technology. To achieve the purpose of complete encryption of mobile Internet social information and absolute security of user fund transmission.

What has BeeFi done for the 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. The starting point of BeeFi is to break down silos and promote the development of SocialFi, through blockchain decentralized technology, allowing users to own the data and the benefits it generates, which not only protects social privacy, but also obtains economic incentives.

End-to-end encrypted transmission technology is used to ensure that users' social information is fully encrypted

In terms of product design, BeeFi is the first thing to meet users' needs for encryption of social information and content. In this regard, application developers take advantage of the world's most secure end-to-end encrypted transmission protocol technology for the transmission of information. In this technology, the content of the user's communication will be encrypted and transmitted, and only the application terminal with the private key can decrypt the content and obtain the content. In other words, the content of the chat can only be decrypted by the mobile phone above the chat. Any attack on a centralized server will not be able to access the user's chat information and content. Thus protecting the privacy of the user's chat. Fundamentally realize the encrypted transmission of information.

Secondly, BeeFi can ensure the credibility and security of the platform through the trusted network composed of the five major sections of Web 3.0.

●BeeFi is created by the user independently based on the public key through the trusted identity, signed with the private key, verified by the node, and the storage of identity data is controlled by the user.

●BeeFi conducts multi-party accounting through a trusted ledger to achieve trustworthiness, reliability, transparency and tamper-proofing. When transferring value on the BeeFi network, it is necessary to ensure that the value transmission that is not backed by centralized credit is reliable.

●BeeFi solves the problem of collaborative computing between participants who do not trust each other while protecting privacy through trusted computing. Through multi-party secure computing technology, data statistics, classification and analysis can be carried out without revealing the content of identifiable data, and trusted computing will provide a safe and reliable solution for this.

●BeeFi uses trusted storage (i.e., decentralized storage) to ensure that information and data are tampered with. Trusted storage is the core technology of Web 3.0, which will be responsible for the content storage and access protocol of the entire Web 3.0. In the future, distributed storage will support the content storage and distribution of the entire network.

●BeeFi repeatedly plays the role of each node through the high-speed network, realizes decentralized servers, and provides users with decentralized high-speed trusted networks.

Provides multiple social and financial features

BeeFi believes that the success of social finance depends on its ability to actually address people's needs and provide them with valuable services. Therefore, BeeFi starts from social networking and takes short videos as the core to provide users with six social entertainment functions. In the early stage, more like-minded friends will be gathered through live broadcasts and shopping, and through the live broadcast function, users can Xi make money through live broadcast learning, entertainment or live broadcast in their spare time. Through the shopping function, we provide users with global high-quality products. Then further deepen the social relationship through honey chat, honey friends, honey seeing, etc. In addition to text communication, users can also use phone calls and video communication. At the same time, friends can freely match and chat with each other, you can chat point-to-point, you can interact online, open black together or chat in different chat rooms, and experience the joy of social interaction together. In addition, in order to promote the value of secret chat and secret insight functions, BeeFi has set up a positioning system to achieve the combination of virtual and real, so that netizens in the same city can promote the development of relationships for the same interests. Further, the application value of social tools is maximized.

What has BeeFi done for the SocialFi economy?

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.

First, BeeFi provides users with a SocialFi economic system, which issues honey coins based on the blockchain for all rewards or consumption behaviors of the BeeFi community. 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. Second, the economic incentive mechanism launched by BeeFi provides users with more economic incentives and participation opportunities, 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. Third, BeeFi APP has launched a computing power point system, in which you can get computing rewards as long as you complete daily tasks or create content to develop the community, completely breaking the monopoly of traditional social platforms and giving rights and interests to every creator and users who are helpful to the development of the community.

What has BeeFi done for the SocialFi economy?

Starting from social networking, BeeFi uses DeFi to motivate every community user, breaking the traditional unfair distribution of creative income, so that every creator can enjoy exclusive income, so as to motivate more users to integrate into the BeeFi community ecology and maintain the healthy and stable development of the ecosystem through DAO autonomy.

BeeFi co-governs all communities through "honey DAO" and votes together to make decisions on the development of BeeFi. "Honey DAO" is composed of paid members, and any proposal proposed by node members must be approved by more than 60% of the Honey DAO members within the voting period before it can be implemented.

Honey DAO has many rights and benefits:

1. Voting rights: All votes can only be executed with the consent of more than 60% of the honey DAO.

2. Initiating decisions (node members): such as removing a certain work, such as token issuance rules, community development strategies, etc.

3. Promotion right: You can refer friends to get income.

4. Rank benefits: The higher the level, the better the benefits.

5. Shareholder rights: Honey DAO enjoys all the rights and interests as a shareholder of BeeFi, and everyone is equal.

Powerful alliances to access better content and technical resources

In order to promote the long-term development of BeeFi, BeeFi has obtained strong strategic partners in both content and technology.

In terms of content, BeeFi has reached a strategic partnership with ATV, and has an absolute advantage in terms of content, whether it is the exclusive information of TV programs or the news of ATV's contract artists, you can browse on BeeFi for the first time. Asia Television's ace program [Miss Asia Global Election] will also invite BeeFi as a long-term media partner, more exclusive reports + fan voting mechanism on BeeFi, so that users can enjoy more special benefits.

What has BeeFi done for the SocialFi economy?

In terms of technology, BeeFi has also received key technical support from XpansionChain. XpansionChain provides more convenient functional technical support and powerful application advantages for BeeFi, so that BeeFi can become a key recommended product directly on the XpansionChain official website, so that farming blockchain enthusiasts can better understand the ecology and financial solutions of BeeFi, so as to open up Web3 users to enter BeeFi.

Based on the technical support of XpansionChain, BeeFi enjoys fees that are far lower than more than 95% of public chain transfers and transactions in the market, and obtains functions such as decentralized exchange lending and cross-rollup bridges, which allow users to cross-chain assets between multiple mainstream block networks such as Ethereum, StarkNet, and zkSync, bringing more convenience to BeeFi members.

future

BeeFi will continue to explore in the field of Web3.0 in the later stage, based on the layout of SocialFi social ecology, advertising tasks, live streaming, cross-border e-commerce, supply chain finance, NFT ecology, GameFi ecology, AI ecology, metaverse ecology, Web3.0 aggregator and other tracks, to launch more application ecology, bring more entertainment experience to users, and create a new SocialFi economy.

BeeFi is working hard to develop more features to unleash the imagination on the web, so that users can surf and communicate more freely and freely on the web.

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