HoneyBee is the Layer 4 token of the HoneyFarm Finance protocol. HoneyFarm Finance functions as a layered delegated yield farming protocol based on deflationary tokens. Deflationary token supply decreases over time to increase their market value. According to the platform documents, the most important factor for participants of a DeFi (decentralized finance) project is not to get rug-pulled. The other important factor is to know when a project needs to end. (Rug pull is a term used when the development team abandons a crypto project, leaving the investors with a valueless asset.)

As stated in the platform documents, most DeFi projects are created with an inflationary aspect, which means that every project needs to end at some point. The HoneyFarm Finance ecosystem aims to build a layered farming environment for its users by fixing the end of token emission and announcing it before the project launch.

HoneyFarm Finance has four layers and four tokens:

BEE is the Layer 4 native token of the platform. The platform allows holders of the first three layer tokens (HONEY, BEAR, and MOON) to acquire BEE through the pre-IHO (Initial HoneyFarm Offering). IHO is designed to be a gateway for launching new projects and initiating the burning of all HoneyFarm tokens.

The HoneyBee layer aims to provide following features:

Layered Farming: Continuous profits for the platform token holders

BusyBee: Low-fee auto-compounding vault for repurchasing BEE

Royal Jelly: Royal Jellies (a way to gain third-party tokens) in turn for depositing BEE

NFT Jelly: Access to NFTs (non-fungible tokens) by depositing any HoneyFarm finance token

Honey Pot: More lucrative rewards for depositing BEE

Pagu is the founder and CEO of HoneyFarm Finance. The HoneyBee layer website was launched on October 15, 2021, and the official farming started the next day at 13.30 UTC.

The BEE token has an unlimited supply.

We update our HoneyBee to USD currency in real-time. Get the live price of HoneyBee on Coinbase.