Beam (BEAMX) Price Now
Beam price today is $0.0192 with a 24-hour trading volume of $28,030,627. BEAMX price is down -8.05% in the last 24 hours. . In order to search for real-time and historical information about Beam (BEAMX) blockchain, including data related to blocks, transactions, addresses, and more, you may use Beam (BEAMX) block explorers. Here are some of the most popular and useful Beam (BEAMX) blockchain explorers out there:
- etherscan.io
- bscscan.com
What Is Beam(BEAMX)?
Beam is a sovereign network focused on gaming brought to you by the Merit Circle DAO. Powered by the established Avalanche network, Beam operates independently to cater towards gamers and game developers.
The Merit Circle token $MC is migrating to $BEAMX as a result of the acceptance of both MIP-28 and MIP-29. This migration has been initiated by the DAO to better align with the current activities and practices within the Merit Circle ecosystem.
How Does Beam Work?
Beam operates as an Avalanche subnet. In this role, Beam is not just an independent blockchain but is part of a vibrant, interconnected network. It benefits from the scale, speed, and security features of the Avalanche protocol, while also possessing the ability to operate individually with its specific focus on gaming applications.
In the developer preview mode, Beam employs a reputation-based consensus method termed Proof of Authority (PoA), enhanced with the Snowman protocol. This set-up entrusts a selected group of reputable authorities to authenticate transactions, thereby safeguarding the blockchain’s integrity. The PoA model emphasizes the value of the validators’ reputations, with these validators being handpicked based on their trustworthiness. This allows for a highly scalable system where blocks and transactions are verified by pre-approved participants acting as system moderators.
What utility will the BEAMX token have?
The BEAMX token will become the native token of the Beam network, and is intended to have the same utility as the MC token currently has. The utility is multifold, and currently comprises of:
- Layer-1 token on Beam networks (validating and securing such networks), being the fuel of blockchain gaming and other activities on Beam networks.
- Governance (both of certain smart contract systems and the DAO treasury).
Consequently, the BEAMX token will be the focal point for coordination and incentivization within the Beam / Merit Circle ecosystem.
Beam (BEAMX) Community
- Twitter: https://twitter.com/BuildOnBeam
What is Beam (BEAMX) Contracts address?
- Ethereum: 0x62d0a8458ed7719fdaf978fe5929c6d342b0bfce
- BNB Chain(BEP20): 0x62d0a8458ed7719fdaf978fe5929c6d342b0bfce