After thorough discussions with the BeeEx community and partners, the BeeEx team decided:
Bee mining will be stopped and the remaining uncirculated BEE will be destroyed from next week (starting from 8:00 on June 22). The specific plan is as follows：
1) Starting from 8:00 on June 22, 2020, BeeEx will stop daily BEE mining and all the remaining uncirculated BEE will be destroyed.
2) After stopping mining, BeeEx will continue to buy back BEE through 70% of the fee income until 21 million BEE.
3) After the stop of mining, BeeEx will adjust the fee rate of currency transactions and implement the tiered preferential rate system.
4) In the future, BeeEx will guarantee the interests of BEE holders and partners by granting BEE more interests.
Under the new BEE rules, there will be no new BEE output in the future market, and BEE will enter a new stage of absolute deflation. BeeEx is willing to work with all community members and partners to create a win-win future, by enabling more rights and interests, BEE to a new height.
Thanks for your support!