What is Crypto BeesSocialTV

What is Crypto BeesSocialTV

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Publish Date:
February 1, 2021
Category:
BEES Social TV
Video License
Standard License
Imported From:
Youtube

In this video, we’re going to try and answer the biggest questions that have been posed to us with regards to the Seedz from Bees.Social.

Click here to sign up https://session.beessocial.us/portal

It's Yieldable: How Do I Get Seedz?
Seeds can only be yielded from the network supply and placed in your Ethereum-based cryptocurrency wallet after you stake tokens in an Opes.Finance liquidity pool.

Currently, the tokens being accepted for staking are BPT and UNI-V2 tokens from the Balancer (link) and Uniswap (link) liquidity pools from Opes.Finance, respectively.

Here are the steps (at a high level) to obtain Seedz via Balancer
Acquire one (or more) wrapped PE (wPE) tokens on Uniswap’s exchange.

Add your wPE single-asset liquidity into the Balancer pool linked above
Stake the liquidity pool token from Balancer (BPT) into the Opes.Finance Balancer smart contract.

Once that is complete, the contract will begin yielding Seedz from the network supply for your account. You should withdraw them when you need to use them.

Here are the steps (at a high level) to obtain Seedz via Uniswap
Acquire one (or more) wrapped PE (wPE) tokens on Uniswap’s exchange.

Have an equal amount of Ethereum available and supply that a 50–50 (50% Ethereum, 50% wPE) mix into a liquidity pool on Uniswap
Stake the liquidity pool token from Uniswap (UNI-V2) into the Opes.Finance Uniswap smart contract.

Once that is complete, the contract will begin yielding Seedz from the network supply for your account. You should withdraw them when you need to use them.

Opes.Finance holds a detailed interactive zoom call on how to get you started. Click here to get signed up for that zoom call.

Is There an Unlimited Amount of Seedz?
No. Actually, the way that Seedz are generated is a result of the cumulative activity of people using the Opes.ID application. Every time an individual performs an activity — that can range from supporting a partner, clicking a confirmation, or tapping “next” in a lesson — their activity level generates more seeds for the week. When thousands and thousands of people are active in the Opes.ID application, the weekly Seedz will be allocated to you increases.

Think about it like this. Let’s say it was a slow week if the overall (global) activity level of everyone using the OpesID application generated 100,000 Seedz — if you had staked your BPT or UNI-V2 tokens in an Opes.Finance pool — you would earn your pro-rata share of that pie. However, if global activity generated 1,000,000 Seedz your same balance (BPT or UNI-V2) would earn 10x Seedz.

That is why it is critical to share the OpesID application with as many people as possible. Not only will they be able to earn OS — which will be used in other parts of our project — their activity will fund the “Seedz Bank” which will ultimately serve your best interests.

What Can I Do With Seedz?
When a promising cryptocurrency project presents itself to you via Bees.Social, you will have the option of staking some of your Seedz in that project.

Once you stake, a smart contract will begin yielding tokens from that project to your account. If that project goes well (or even semi-well), you will be able to exchange those tokens for a token you might find even more valuable on Uniswap, providing you with capital that you can either withdraw or reinvest.

A Seedz event is your opportunity to become a VC to the projects you love. Read more about how you would stake Seedz here.

How much are my Seedz Worth?
Your Seedz are calibrated relative to the project to which you decide you want to provide your Seedz. It sounds like circular logic but it's not — because the value is market-driven and dynamic. Lets drill into this further.

When you see a project presented to you and decide that this project could really go somewhere so you will allocate and stake (for example only) 400 seedz in that project. Please see this piece on how projects are presented to Bees.Social members in the Whale Tank.

The project, based upon its internal calculation (remember it's an independent business) will decide how many tokens its smart contract will yield each week to the people who have staked Seedz.

Based upon your investment — in combination with the investment that others have made in this project — the contract will issue you your pro-rata share of those project tokens.

Independently, the market price of the projects’ tokens will be set on Uniswap (or the exchanges on which it trades). You will always have the opportunity to exchange your Seedz for other tokens on the Ethereum blockchain at the market rate (e.g. Ethereum, Tether, or wrapped PE).

That will be the only way you will be able to determine the “value” of your Seedz.

Many thanks to Joseph Grabert who kept me honest on things and came up with the idea for this post. Check out more in the ebook he’s publishing!

Find Out More
Sign up here if you want to be on one of the https://session.beessocial.us/portal interactive zoom calls!

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