TI Rating Report: Herbee

Herbee is a blockchain-based social dating application deployed on the Klaytn network. It was launched by Rian Foundation in April 2021. Users of Herbee can create short-form videos in the app to share their lifestyle, taste, hobbies, etc with other users and find the right one to meet in the neighborhood.

Herbee aims to build a social network and a communication platform through blockchain technology for people who want to find a date. Besides the application, Herbee is developing its Metaverse with the NFT feature. Herbee wants to combine Metaverse with the existing application to build a SocialFi ecosystem.

$BEE is the Klaytn-based utility token of Herbee which can be used as a payment method in Herbee's ecosystem currently. Users can swap $BEE to Honey (an in-app currency) to pay for services in Herbee's app. $BEE will be able to purchase BEE-LAND and be used for NFT trading when Herbee's Metaverse launch. $BEE also will add a staking function and a governance function in the future.

TokenInsight gives Herbee a rating of CCC, with a stable outlook.