Name: Beam
Brand: Beam
SKU: BEAM
Price: 0.0064 USD
Availability: InStock

Question 1

What is Beam (BEAM)?

Accepted Answer

Beam (BEAM) is the native cryptocurrency of the Beam network, developed to create a gaming ecosystem where gamers and developers collaborate to revolutionize the gaming industry. The platform supports extensive interaction through a software development kit (SDK), allowing developers to implement diverse blockchain elements in their games. BEAM serves multiple roles, including facilitating transactions and enabling governance within the Merit Circle DAO.

Question 2

What differentiates Beam (BEAM) from other tokens?

Accepted Answer

What sets Beam apart from other cryptocurrencies is its strong focus on the gaming sector. It operates as a sovereign network powered by Avalanche, emphasizing a dedicated ecosystem to meet the specific needs of gamers and developers. The platform offers tailored APIs and SDKs that streamline asset management and enhance gameplay, unlike general-purpose cryptocurrencies.

Question 3

What is the utility of Beam (BEAM)?

Accepted Answer

The utility of Beam extends beyond being a mere cryptocurrency. It acts as a gas token for transaction fees, empowers governance within the Merit Circle DAO, and supports various interactions within the Beam network, including smart contracts and in-game asset transactions.

Question 4

What does the Beam (BEAM) whitepaper promise?

Accepted Answer

The Beam whitepaper outlines its mission to focus specifically on the gaming industry, integrating tools and features to enhance game development and player engagement. It promises a simplified transaction model, diverse asset management capabilities, and extensive support for developers, making it a unique platform in the blockchain gaming landscape.

Question 5

What consensus mechanism does Beam (BEAM) use?

Accepted Answer

Beam operates on a unique gaming-centric network powered by Avalanche, enabling it to leverage the network's technological advantages while functioning as a sovereign entity.

Question 6

Who created Beam and why?

Accepted Answer

The cryptocurrency Beam (BEAM) was created as part of the Merit Circle DAO, which was established in early 2021 to revolutionize the gaming industry, focusing on creating a platform where gamers and developers collaborate.

Question 7

When was the Beam (BEAM) token created?

Accepted Answer

The Beam cryptocurrency token (BEAM) was officially launched following the migration from the previous Merit Circle (MC) token on October 26, 2021.

Question 8

How do I use the Beam (BEAM) token?

Accepted Answer

To use the Beam token (BEAM), it serves as the native crypto asset within the Beam network for various transactions, including paying for interactions with smart contracts and trading assets. Users need BEAM to facilitate a seamless gaming experience and participate in the governance of the Merit Circle DAO.

Question 9

Where do I buy the Beam (BEAM) token?

Accepted Answer

Beam can be bought on the SwissBorg app with just a few clicks. Download the app for Android or iOS and exchange cryptos instantly at the best price.

Question 10

What problem or need does Beam aim to address?

Accepted Answer

Beam addresses the need for a dedicated gaming network that brings together gamers and developers, allowing them to collaborate on the future of the gaming industry. It aims to create an ecosystem featuring tools and resources that improve in-game asset management, enhancing the overall gaming experience.

Question 11

Is the Beam (BEAM) open-source, and can I review its code?

Accepted Answer

Beam is an open-source platform, which means that its code is publicly accessible for review and contributions. This transparency promotes trust and innovation within its community.

Question 12

How was the Beam (BEAM) token generated?

Accepted Answer

The BEAM token was generated during the migration from the Merit Circle (MC) token, which was part of the evolution of the Merit Circle DAO, established to enhance governance and participation in the gaming ecosystem.

Question 13

What is the Beam (BEAM) transaction speed and scalability?

Accepted Answer

Beam's transaction speed is influenced by its foundation on the Avalanche network, known for high throughput and rapid finality, which allows Beam to efficiently scale to support a myriad of in-game transactions and interactions.

Question 14

Is Beam (BEAM) environmentally friendly in terms of energy consumption?

Accepted Answer

Yes, the cryptocurrency Beam is designed to be environmentally friendly, particularly within the gaming sector. It operates on the Avalanche network, which is known for its energy efficiency compared to traditional blockchain mechanisms like Proof of Work. This characteristic supports a sustainable approach to blockchain gaming, minimizing negative energy consumption impacts.

Question 15

What is the governance model for Beam (BEAM)?

Accepted Answer

The governance model for Beam is centered around the Merit Circle DAO, in which the BEAM token holders have voting rights to participate in decisions regarding the ecosystem. This decentralized governance structure empowers the community to influence the direction and development of the Beam network.

Question 16

What are the long-term goals and vision for Beam?

Accepted Answer

The long-term goals of Beam involve establishing a robust gaming ecosystem that offers gamers true ownership of their digital assets. Beam aims to revolutionize the gaming industry by integrating blockchain technology, enabling seamless interactions, and fostering a community-driven environment for game developers and players alike.

Beam Price

Top up and invest in seconds!

Market Stats

What is Beam (BEAM)?

SwissBorg Indicators

Technical Analysis

Exclusive tools

Automate your investment today!

Receive notifications when Beam reaches certain prices

Begin your Borger Journey today with the SwissBorg app!

Beam Price

Top up and invest in seconds!

Market Stats

What is Beam (BEAM)?

What differentiates Beam (BEAM) from other tokens?

What is the utility of Beam (BEAM)?

What does the Beam (BEAM) whitepaper promise?

What consensus mechanism does Beam (BEAM) use?

Who created Beam and why?

When was the Beam (BEAM) token created?

How do I use the Beam (BEAM) token?

Where do I buy the Beam (BEAM) token?

What problem or need does Beam aim to address?

Is the Beam (BEAM) open-source, and can I review its code?

How was the Beam (BEAM) token generated?

What is the Beam (BEAM) transaction speed and scalability?

Is Beam (BEAM) environmentally friendly in terms of energy consumption?

What is the governance model for Beam (BEAM)?

What are the long-term goals and vision for Beam?

SwissBorg Indicators

Technical Analysis

Exclusive tools

Automate your investment today!

Receive notifications when Beam reaches certain prices

Begin your Borger Journey today with the SwissBorg app!

Related assets