Description: BEE is designed to follow the price of FTM via algorithm to a 1:1 ratio to FTM. The Bee Money protocol is to provide the means for its underlying BEE asset to maintain a value that is algorithmically pegged to the value to Fantom (FTM) at a 1 to 1 ratio. This opens up a world of possibilities for existing, long-time Fantom holders, people already familiar with DeFi, as well as new users just coming into the space. BEE is the native token of the Bee Money protocol. The built-in stability mechanisms within the protocol aim to maintain BEE's peg of 1 BEE = 1 Fantom (FTM) in the long run.
What are the Bee Money protocol tokens?
Bee Money’s multi-token protocol currently consists of the following tokens, and each plays a critical role in how the protocol works to maintain peg:
1. BEE Tokens ($BEE): The BEE token is designed for use as a medium of exchange, and is intended to have many other use cases as the Bee Money ecosystem grows. BEE is algorithmically pegged to Fantom (FTM) at a ratio of 1 BEE to 1 FTM.
2. BEE Shares ($SWARM): SWARM can be staked in the to earn a portion of minted BEE as rewards to those SWARM holders for investing in the health and stability of the protocol.
3. BEE Bonds ($HONEY): HONEY’s main job is to help incentivize and reward users for helping to regain peg during times of supply contraction below peg.
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