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Beam

Beam

BEAM
#234
$0.001530Down 4.98 percent($0.00)

Key Stats

Market Cap$78.52MDown 4.98 percent
Volume (24h)$3.73M
Fully Diluted Value$89.49M
Vol/Mkt Cap (24h)4.75%
Total Supply58.47B BEAM
Max Supply∞
Circulating Supply51.30B BEAM
Launch Date2023-10-26

Beam Information

Websites
onbeam.comWhitepaper
Block Explorers
4337.routescan.io
Supported Standards
ERC-20
Industries
Platform

Beam Price Converter

BeamBEAM
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Latest Beam News

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Beam Markets

View all
InstrumentExchangeBenchmark DataPrice24h Change
BeamUSDT logo
BEAM-USDT
BEAMXUSDT
binance logobinance
AA
0.001534USDT
-5.13%
BeamUSDT logo
BEAM-USDT
BEAMUSDT
bybit logobybit
A
0.001539USDT
-4.88%
BeamUSDT logo
BEAM-USDT
BEAM_USDT
whitebit logowhitebit
BB
0.001532USDT
-5.32%
BeamTRY logo
BEAM-TRY
BEAMXTRY
binance logobinance
AA
0.07530TRY
-4.08%
BeamUSD logo
BEAM-USD
BEAM-USD
coinbase logocoinbase
AA
0.001536USD
-4.42%

About Beam

The migration from the Merit Circle token (MC) to BEAM was initiated through the approval of proposals MIP-28 and MIP-29 in late 2023. Token holders can swap their MC tokens for BEAM at a 1:100 conversion ratio. The migration is open for 12 months, starting on 26th October 2023, and will see BEAM take over all the roles that MC previously held in the ecosystem. Non-migrated MC tokens will remain active but will not benefit from the updated functionality of BEAM, effectively reducing the total circulating BEAM supply as time progresses.

Frequently Asked Questions

BEAM is an open-source blockchain designed specifically for the gaming industry and forms the core of the Merit Circle ecosystem. It provides a flexible and chain-agnostic platform for developers, enabling the seamless integration of blockchain technology into games. BEAM supports smart contracts, transaction handling, and digital asset management, creating a simplified and enhanced gaming experience for players and developers alike. Initially launched on Avalanche, BEAM has since expanded to incorporate Immutable's zkEVM infrastructure, powered by Polygon, enhancing scalability and efficiency within the ecosystem. The ecosystem includes Sphere, an NFT marketplace for in-game assets.

BEAM serves multiple functions within the Merit Circle ecosystem:

  1. Gas Token: It is used to cover transaction fees within the Beam network, which powers gaming and NFT transactions.
  2. Validation and Delegation: BEAM holders can validate transactions on the network, and future plans include delegation capabilities, allowing users to delegate their BEAM tokens to validators.
  3. Governance: BEAM is used in Merit Circle’s decentralised governance, allowing tokenholders to vote on proposals related to the ecosystem's growth and operations.
  4. Payments and Digital Assets: BEAM facilitates payments for NFTs and other digital assets on platforms like Sphere, the gaming marketplace integrated with the Beam network.
  5. Game Development: Through the Beam SDK, developers can integrate blockchain features into their games, enabling digital ownership, trading, and seamless player interactions.

BEAM was developed by Merit Circle DAO, a decentralised autonomous organisation focused on revolutionising the gaming industry by integrating blockchain technology. Key figures in the organisation include:

  • Marco van den Heuvel, Co-founder and CGO, who previously worked in community management and marketing roles before co-founding Merit Circle in 2021.
  • Tommy Quite, Co-founder and CFO, with a background in the Bitcoin Foundation and venture capital.
  • Brandon Aaskov, CTO, bringing expertise from his time as Global Crypto Lead at DEPT and years of experience as a software engineer.
  • Thale Sonnemans, COO, with a history in business administration and creative production, previously founding several startups before joining Merit Circle.

The migration from the Merit Circle token (MC) to BEAM was initiated through the approval of proposals MIP-28 and MIP-29 in late 2023. Token holders can swap their MC tokens for BEAM at a 1:100 conversion ratio. The migration is open for 12 months, starting on 26th October 2023, and will see BEAM take over all the roles that MC previously held in the ecosystem. Non-migrated MC tokens will remain active but will not benefit from the updated functionality of BEAM, effectively reducing the total circulating BEAM supply as time progresses.