BEPRO Network

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Discover BEPRO Network's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is BEPRO Network?

The BEPRO Network (BEPRO) is a decentralized task-based marketplace that connects organizations with developers and builders. It utilizes the BEPRO token, an ERC20 utility token, to facilitate transactions, governance, and incentives within the ecosystem. The token enables on-chain governance, allowing holders to participate in decision-making processes, and can be locked to obtain veBEPRO, granting curation rights and rewards for contributing to the network. The platform supports a wide range of activities, including development, marketing, and design, and aims to streamline decentralized application development and collaboration.

How is BEPRO Network used?

The BEPRO Network (BEPRO) is a cryptocurrency that serves as a decentralized development governance and utility token within the BEPRO Network codebase and protocol. It is used to coordinate and incentivize the usage of the network, ensuring community and developer adoption of the technology.

Key uses of BEPRO include:

  • Payment for Features and Updates: BEPRO tokens can be used to pay for features or updates on the BEPRO-JS framework and other external networks.
  • Dispute Resolution: BEPRO tokens are used to dispute bounty distributions between developers.
  • Purpose Distributions (Council): BEPRO tokens are used for the creation of bounty distributions within the network, which can lead to a fee gained for all distributions accepted by curators.
  • Task Marketplace: BEPRO tokens are used as the currency for rewarding tasks within the Task Marketplace, where organizations can create and launch tasks, and builders can work on them and earn crypto as payment.

How do I store BEPRO Network?

To store BEPRO Network (BEPRO) tokens securely, you can follow these steps:

  1. Create a Web3 Wallet: You can create a Web3 wallet specifically for BEPRO Network tokens. This wallet will allow you to store and manage your BEPRO tokens securely.

  2. Use a Fiat-to-Crypto Exchange: You can also use a fiat-to-crypto exchange like Kriptomat to buy and store BEPRO tokens. After purchasing BEPRO, you can store them in your Kriptomat wallet.

  3. Use a Crypto Wallet: Another option is to use a dedicated crypto wallet like CryptoWallet.com. Although it does not currently host BEPRO, it is a versatile software system that can handle various cryptocurrencies, and it might support BEPRO in the future.

  1. Store BEPRO Securely: Once you have BEPRO tokens, store them securely in your chosen wallet. Make sure to follow best practices for wallet security, such as using strong passwords and keeping your private keys safe.

By following these steps, you can securely store your BEPRO Network tokens.

How to buy BEPRO Network?

To buy BEPRO Network (BEPRO) tokens, you can follow these steps:

  1. Choose an Exchange: Select a reliable cryptocurrency exchange that supports BEPRO, such as KuCoin, AscendEX, or other decentralized exchanges (DEXs) like SushiSwap.

  2. Create an Account: Sign up for an account on the chosen exchange. This typically involves providing some personal information and verifying your identity.

  3. Deposit Funds: Deposit the required cryptocurrency, such as Bitcoin (BTC), Ethereum (ETH), or USDT, into your exchange account. You can do this by transferring funds from another wallet or by purchasing them directly on the exchange.

  1. Find the BEPRO Pair: Look for the BEPRO token pair, such as BEPRO/USDT or BEPRO/ETH, on the exchange. This will allow you to trade your deposited cryptocurrency for BEPRO.

  2. Place an Order: Enter the amount of BEPRO you want to buy and execute the trade. The exchange will match your order with a seller, and the BEPRO tokens will be credited to your account.

  3. Store Your BEPRO: Once you have purchased BEPRO, it is recommended to transfer the tokens to a secure wallet, such as a hardware wallet like Ledger or a software wallet like MetaMask, to ensure their safety.

Additionally, if you already hold BEPRO on the Ethereum network and want to use them on the Moonriver network, you can bridge them using a service like Meter.io.

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History of BEPRO Network

The BEPRO Network (BEPRO) is a task-based marketplace designed to facilitate collaboration between organizations and builders. The platform allows organizations to create and launch tasks, while builders can work on these tasks and earn cryptocurrency as payment. This setup aims to provide a more efficient and transparent collaboration process.

The BEPRO Network Protocol was conceived in 2021, with the goal of creating a decentralized space where developers and entrepreneurs could come together. Since its inception, the platform has evolved to include features such as task management, community engagement, and reward distribution. Organizations can use their own tokens or other ERC-20 tokens like USDC for payment, and contributors receive non-transferable NFTs as recognition for their work.

In terms of its market performance, BEPRO has experienced significant fluctuations. It reached an all-time high of $0.04611 in March 2021 but has since fallen, currently trading at a significantly lower price. Despite this, the project continues to operate, providing a platform for organizations and builders to collaborate and earn cryptocurrency.

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How BEPRO Network works

The BEPRO Network (BEPRO) is a cryptocurrency that operates as a decentralized development governance and utility token. It is built on top of the Ethereum Virtual Machine (EVM) and is designed to facilitate the creation and management of decentralized applications (dApps) across various sectors, including DeFi, NFTs, gaming, and exchanges.

Key Components
  1. GitHub Bot: This component connects to GitHub repositories, managing the integration between the protocol and promoter repositories. It plays a crucial role in automating tasks and ensuring seamless collaboration.

  2. Web Application: This platform allows bounty promoters to open bounties, lock tokens for curators, and manage disputes or reward distributions. It serves as a central hub for managing the development process.

  3. BEPRO Protocol: This is a smart contract deployed on the EVM, responsible for executing disputes and settlements. It ensures that all transactions and interactions within the network are secure and transparent.

Functionality

The BEPRO token is used to coordinate and incentivize the usage of the BEPRO Network. It can be used to pay for features or updates on the BEPRO-JS framework and other external networks. Additionally, it is used to dispute bounty distributions between developers and for purpose distributions, where BEPRO can be used to create bounty distributions within the network, earning a fee for all accepted distributions by curators.

BEPRO-JS Framework

BEPRO-JS is a software development kit (SDK) for blockchain applications wrapped in JavaScript. It automates the creation and unit testing of code, enabling extended integration and making it easier to build decentralized applications.

Unique Features

BEPRO stands out as a Bounty Network platform that interacts with GitHub to manage pull requests, issues, or branches. Organizations can submit bounties, engage with their community, and attract developers to build specific solutions. Developers can explore and find the right bounties, collaborate with others, and get paid in cryptocurrencies once their code is reviewed and accepted.

Supply and Circulation

The total supply of BEPRO tokens is capped at 10 billion, ensuring a fixed amount of tokens in circulation. This limit helps maintain the token's value and prevents inflation.

Founders and Contributors

The founders of BEPRO Network are Rui Teixeira and Justin Wu, who have been instrumental in shaping the project's vision and development.

Storage and Trading

BEPRO tokens can be stored in both custodial and non-custodial wallets. Custodial wallets, like those on KuCoin, offer quick access to trading products and staking opportunities but require users to trust the wallet provider with their private keys. Non-custodial wallets, on the other hand, grant users full control over their private keys but may be less convenient for frequent trading.

Trading and Earning

BEPRO tokens can be traded on various exchanges, including spot and futures markets. Users can also earn passive income by staking or lending their BEPRO tokens.

Community and Adoption

The BEPRO Network aims to streamline decentralized development by providing a platform for organizations to manage bounties and collaborate with developers. Its adoption is expected to grow as more organizations and developers utilize its services.

Overall, the BEPRO Network is a comprehensive platform that leverages blockchain technology to facilitate efficient and transparent collaboration in decentralized development.

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BEPRO Network's strengths

The token BEPRO Network (BEPRO) has several strengths that contribute to its utility and value within the BEPRO Network ecosystem.

Coordination and Incentivization

The BEPRO token is designed to coordinate and incentivize the use of the BEPRO Network, ensuring community and developer adoption. This token plays a crucial role in governing the decentralized development process and facilitating the interaction between organizations and builders within the network.

Payment and Curation Layer

BEPRO operates as a payment and curation layer for GitHub repositories, allowing organizations to manage development bounties, disputes, and rewards efficiently. This unique feature enables seamless collaboration and payment processes, making it an attractive platform for decentralized development.

Customization and Flexibility

The BEPRO Network allows organizations to launch their own task marketplaces using their own branding, tokens, and community. This flexibility enables organizations to tailor the platform to their specific needs, fostering a more efficient and transparent collaboration environment.

Governance and Utility

The BEPRO token is used for various purposes within the network, including paying for features or updates on the BEPRO-JS framework, disputing bounty distributions, and creating bounty distributions within the network. This multifaceted utility adds value to the token and supports the overall functionality of the BEPRO Network.

Decentralized Development Governance

BEPRO operates as a decentralized development governance and utility token, ensuring that the community and developers have a stake in the network's development and adoption. This decentralized governance model promotes a more democratic and collaborative approach to development.

Code-as-a-Service Protocol

The BEPRO Network provides a Code-as-a-Service protocol, enabling access to a codebase for building decentralized applications. This protocol streamlines the development process, making it easier for organizations to create and manage decentralized applications.

Integration with GitHub

The BEPRO Network interacts with GitHub, managing pull requests, issues, and branches. This integration simplifies the development process and allows for more efficient collaboration between developers and organizations.

Token Supply and Circulation

The BEPRO token has a fixed maximum supply of 10 billion tokens, which is also the circulating supply. This fixed supply helps maintain the token's value and prevents inflation.

These strengths collectively contribute to the BEPRO Network's ability to facilitate efficient and transparent decentralized development, making it an attractive platform for organizations and developers alike.

BEPRO Network's risks

BEPRO Network (BEPRO) carries financial risks associated with its price movement and trading volume. The token's recent price movement relative to its trading volume indicates a high risk ranking, suggesting that its price can be significantly influenced by market fluctuations. Additionally, BEPRO's risk score is considered moderate, indicating that it is susceptible to price manipulation and volatility. This volatility can result in significant losses for investors, making it essential to carefully assess the risks involved before investing in BEPRO.

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Did BEPRO Network raise funds?

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BEPRO Network’s team

  • Henrique Silva: Head of Business, known as the "Business Ninja" at Bepro Network.
  • CEO (Name Not Disclosed): The CEO of BEPRO Network, who has been interviewed about the project's roadmap and specifics, highlighting the codebase for DeFi, Esports, NFTs, and Prediction Markets.
  • Technology and Product Team: The team is known for its strong technology and product capabilities, with a focus on providing a codebase for developers to quickly deploy dapps on various blockchains.
  • R&D Team: The team is actively investing in research and development for fully on-chain systems, focusing on DeFi, NFTs, and prediction markets.

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