What Is WORKERBEE & How It Grows Your BEE
Some Things About WorkerBee & BEE Tokens
WORKERBEE & BEE tokens are tokens from Hive_Engine.
WORKERBEE is the miner token that produces BEE.
Workerbee
WORKERBEE is the governance token for Hive-Engine. Also known as a miner token & like all mining tokens on the blockchain, they work on a lottery system so there's no guaranteed numbers. There are 10 bee mined every hr. from all staked workerbee, that's 240 BEE per day. That doesn't sound like much but it's all dependent upon the amount you have staked.You won't get rich from it but if you keep stacking it you will eventually see the snowball effect happen.
One of my mentors hold 6000 WORKERBEE and gets 10-15 BEE each day.
Once you have them staked, watch your liquid BEE, that's what you earned from your WORKERBEE.
If you hold & stake WORKERBEE you get to vote for witnesses to be a part of the government. The witnessess are the ones who produces blocks and when you vote for them, you're voting them into government. Witnesses also vote on proposed changes to the chain of soft/hard forks.
"So these blockchains are on a proof of stake mechanism, which means to ‘prove’ things, transactions etc. There needs to be stake. On hive the Hive you have staked is Hive Power, which ‘proves’ you are invested so you can vote for witnesses, get higher curation and give out more rewards. On hive engine, workerbee is the equivalent to hive power, it allows you to vote for witnesses"
Sorce: @jongolson
The more you hold the more your vote is worth. Use the value of your vote to 'vote witness' for the people you like & believe in.
What are BEE Tokens?
"BEE is the native token of the Hive Engine platform. BEE is currently required to create a new token on the Hive Engine platform, and in the future it will be required to publish and execute custom smart contracts".
Source:
Other Ways To Earn BEE
The fastest way to earn BEE & any other token on the blockchain is & always will be to make consistent active efforts daily.
I also get small pieces of BEE by investing in other income tokens.
Here's a short list of tokens that I get BEE from, as I know there are probably more:
- HE_Index
- Bro-Fund
- Dhedge
I hope this will help you understand a little more about WORKEREBEE & BEE and show you why you should/should not invest in WORKERBEE & BEE.
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I !LUV it. The information you provide here is the exact information I am looking for. Grateful for your hard work. Thanks!
!PIZZA
!CTP
@rzc24-nftbbg(1/1) gave you LUV.
H-E tools | discord | community | <>< daily
Thank You! Glad it helped.
!CTP
!PIZZA
Great post. you are rockin'it.
great exlpanation of WorkerBee. I have been stacking it for a number of months now.
!CTP
Thanks! Yeah I've always had a little from the start. As soon as Jon & Blain recommended & explained it, I knew I needed to be stacking it.
!CTP
PIZZA Holders sent $PIZZA tips in this post's comments:
@successchar(1/5) tipped @mango-juice (x1)
rzc24-nftbbg tipped successchar (x1)
successchar tipped rzc24-nftbbg (x1)
successchar tipped mypathtofire (x1)
Please vote for pizza.witness!
After making my first comment, I saw your email on ListNerds and upvoted it. Thanks again for your labor of love for the ListNerds community.
Thanks for the upvote in ListNerds!
It's all about the community, without them I wouldn't be where I am today!
!CTP
!BEER
That's really true. I am also grateful to the ListNerds community.
View or trade
BEER.Hey @rzc24-nftbbg, here is a little bit of
BEERfrom @successchar for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.Nice explanation of workerbee, @successchar. That makes more sense now. Thanks.
!CTP
Thank you! Glad I could help!
!CTP
Thank you for these very noteworthy tips :)
You're very much Welcome!
!CTP
i got some worker bee by posting too, by using the hive-engine tag
That's cool! Don't think I ever used that tag.
!CTP
I generally just delegate out my WORKERBEE to a pool because having just a few means that rewards aren't very likely. Of course, this means that you lose your governance weight but that is why you pick someone who you trust when you delegate.
I get it, but that's also why you just keep stacking like any other token, once they accumulate, the rewards start to trickle in. That's what I'm about, it's called passive income & holding to acquire it.
!CTP
Thanks for the explanation!
!CTP
Once I had a bag of 50 workerbee maybe but that was in poorer times lol
sold them at some point as it didn't bring me what I expected.
I recently discovered that you can vote for the HE witnesses by holding workerbee, I had no clue :)
!CTP
!1UP
Yes, that is another reason to hold WorkerBee, without it your vote doesn't matter. You need to have 100 staked for your vote to count, so it's time to recover those WorkerBee so you can start earning passively as well as vote for witness.
!CTP
You have received a 1UP from @thisismylife!
@leo-curator, @ctp-curator, @pimp-curator, @neoxag-curatorAnd they will bring !PIZZA 🍕
Learn more about our delegation service to earn daily rewards. Join the family on Discord.
!BBH
!ALIVE
!CTP
@successchar! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @bradleyarrow. (2/30)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
Because this is such an awesome post, here is a BBH Tip for you.
. Keep up the fantastic work
Great post.
I have BEE tokens staked, do they produce more BEE tokens?!
No. When you stake BEE, it gives you voting power for their frontend.
Kinda like hive, when you stake Hive (power up), you get voting power which is used when you curate. This is for most tokens that have the staking feature.
!PIZZA
ok, so it makes sense to put BEE into a liquidity pool to earn some new tokens then
Now that's something I have no idea about. I don't understand liquidity pools yet.
Great information. I appreciate learning about different tokens. Thanks for sharing.
Thanks! I'm glad it was educational.
!CTP
I do have a little workerbee staked for a long now. Thanks for sharing these informative post with us.
Thank you for sharing on Listnerds.
Thanks! I'm glad you find my post information.
!CTP
!PIZZA
!BEER
Congratulations @successchar! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 33000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
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STOPTo support your work, I also upvoted your post!
Check out the last post from @hivebuzz:
I used to stack BEE because I wanted to start my own token and tribe.
Then one day the price went high, and BEE tokens were selling for .9 HIVE and I SOLD.
I've been meaning to re-stack them but just havent.
This post makes me want to start stacking again.
This is a great primer into the workings of token authority delegation on the Hive blockchain.
Thanks. I got so many questions about WORKERBEE after one of my post I thought it was a great topic for a post, so I did some digging & asked some questions and was able to give a pretty good idea of the token and why to stack it.
!CTP