Bee Token pivots to attract more clients

Decentralised home-sharing platform Bee Token has started charging some of its clients fees for rentals as a way to boost revenue, CoinDesk reports. Up until now, the startup charged 0 per cent for rentals, yet it seems the revenue growth was too slow, and the company was not attracting enough new clients. For that reason, Bee decided to provide traditional rentals to win over traditional business travellers. Co-founder and CEO Jonathan Chou said the move is “definitely a pivot,” and its aim is to achieve “a sustainable revenue model.”

Nothing changes for customers paying in cryptocurrencies—they can still expect no commission for their bookings.

“We are currently 0 per cent for the crypto consumer,” Chou explained. “We still have a lot of crypto and blockchain companies that use us for travel.”

However, those choosing the traditional booking model can expect an 8 per cent booking fee. Still, Chou maintains the fee remains competitive, as platform fees usually range between 3 per cent and 15 per cent, according to the Bee Token white paper.