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Beenz Mens Tee
Beenz Mens Tee
Beenz Mens Tee
Beenz Mens Tee
Beenz Mens Tee
Beenz Mens Tee
Beenz Mens Tee
Beenz Mens Tee
Beenz Mens Tee
Beenz Mens Tee

Beenz Mens Tee

Regular price $50.00 Sale price $30.00

Beenz is considered one of the greatest dotcom disasters.

Beenz were a sort of online reward currency that one could collect as a reward for visiting specific web sites, shopping online, or using certain ISPs. Beenz were redeemable on certain ecommerce sites.
 Beenz raised $100 million from venture capitalists including Apax/Patrickof, Larry Ellison of Oracle, Francois Pinault of PPR, Vivendi Universal, Italian financier Carlo de Benedetti and Hikari Tsushin of Japan. 
Beenz was created long before anyone would dream-up cryptocurrencies like Bitcoin. But as a pioneer, Beenz wasted a lot of time educating regulators around the world that they were not a real currency but a virtual point system. Beenz operated around the world and had offices in United States, Sweden, France, Germany, Italy, Japan, Singapore, Australia and China. 
After the dot-com bubble burst, Beenz could not go public, ran out of cash. In 2001 was sold to Carlson Marketing Group to be used as a reward tool. After 9/11, Carlson faced business troubles and opted to shelve the Beez concept altogether.  For more info, see the Wikipedia entry.

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