What to do with my BEE tokens...?

BEE is the 'native' token of the Hive-Engine ecosystem...

You can buy it for Hive on the Hive-Engine market or swap it for a range of other tokens as there are several pools linked with it.

The main use case for BEE is that you need it if you want to mint a new token on Hive-Engine, which you can do via the TribalDex interface - it cost 100 BEE to mint a new token, and I think it might cost more the more functionality you want with the token.

A second use case I'd been taken advantage of for months was the BEE-HBD pool which until recently was turning out quite a nice return - a solid 40% or so paid out in mainly BEE which I'd been selling around 30% of and then re-pooling with more HBDs.

However, I noticed that the rewards on this pool stopped quite recently so I promptly unpooled and just held my BEE for a while pending further research (the HBDs I swapped 50% for BUSD and pooled with that for now).

So is it worth holding onto the BEE I've got....?

Current BEE options...

You can stake your BEE for a small return. I staked 100 as a test - NB you have to go via your wallet on TribalDex to do this (I don't think the functionality exists on any of the other other HE frontends) -

After 1 day I got a 0.068 return on 100 BEE...

That's around a 25% annual return, not too bad these days....

Then there's the new HIQ-BEE pool....

HIQS is a share token for the HIQ magazine and the pool with BEE offers a 54% return ATW, which is NICE - better than the BEE-HIQS.

I actually bought some HIQs to keep some of my BEE in this pool, worth a punt...

So there are TWO decent options available.

Risks of holding BEE (compared to just Hive...)

However I also see two risks with holding BEE - the first is that the price of BEE is trending down compared to Hive...

And the second is that I don't think 100 BEE is that much of a cost to push out a new token, maybe not enough of a soak going forwards... it feels like there is a lot of BEE compared to probable demand going forwards...

BEE - final thoughts...

Sorry Hive-Engine but for me it's a good time to sell a chunk and reduce my BEE holdings. I'll hold onto a couple of hundred, 100 staked and then 100 pooled as maybe I'll want to set up my own token in the future, but for now it's just a simple sell most of them for Hive!