Buy Beam

Beam (BEAM) is a blockchain created by the Merit Circle DAO to revolutionize the gaming industry by combining blockchain technology with privacy, interoperability, and low transaction costs. The DAO supports game developers and gamers in creating new solutions and experiences on a blockchain-based gaming platform.

Beam operates as a subnet within the Avalanche ecosystem, functioning independently while benefiting from Avalanche's speed and low transaction costs. This integration provides Beam access to Avalanche's robust security infrastructure, ensuring secure and reliable transactions within the network.

One unique feature of Beam is the ability to trade in-game items and digital assets as non-fungible tokens (NFTs). Using the LayerZero protocol, these NFTs can even function as 'omnichain', allowing them to be moved across multiple blockchains. This offers developers and gamers the flexibility to manage and transfer game assets without limitations.

The cryptocurrency powering the Beam network is also called BEAM. BEAM tokens are used for transactions within the Beam ecosystem. Users can stake BEAM tokens to earn rewards by participating in the network's validation process once Beam fully transitions to a Proof-of-Stake (PoS) consensus mechanism. Additionally, BEAM serves as a governance token within the Merit Circle DAO, allowing holders to vote on important decisions about the platform's future. This gives the community an opportunity to actively contribute to Beam's development.

Currently, Beam has a small but rapidly growing ecosystem with tools such as the Beam AMM Swap (a decentralized exchange), the Beam LayerZero Bridge (for token transfers between blockchains), and the Beam Block Explorer (for transaction insights and network statistics). This ecosystem is expected to expand further as more games and applications are launched on Beam.

Who founded Beam?

Beam was founded by the Merit Circle DAO, an organization focused on blockchain gaming projects since 2021. The team, including Alexander Zaidelson, Alex Romanov, and Aleksei Liutykh, are experts in blockchain, software development, and gaming. The Merit Circle DAO provides Beam with a flexible structure for developers, community members, and investors globally to contribute to the network's success. This decentralized approach promotes a diverse and expanding community.

Beam offers versatile applications for both users and developers, from managing in-game assets to participating in network governance. Some key applications of Beam include:

• Trading in-game items as NFTs: Beam enables the trading of digital in-game items and collectibles as NFTs on a secure, cost-effective blockchain.
• In-game payments: Beam provides fast, cost-effective transactions within games, allowing players to easily buy and sell items without high fees.
• Player rewards: Beam supports reward systems for players through the blockchain, providing a transparent and reliable way to compensate play-to-earn players.
• BEAM token staking: Users can stake BEAM tokens to support the network and earn rewards.
• Governance participation: BEAM holders have voting rights within the Merit Circle DAO, allowing them to influence the future of the network.

Beam operates as a subnet within the Avalanche ecosystem, allowing it to set its own network rules and validators while leveraging Avalanche's infrastructure. This setup grants Beam flexibility to offer unique features for the gaming industry, including low transaction costs and fast processing times. Unlike many blockchains that share a common validator set, Beam has its own validator network, enabling the platform to function independently.

The Avalanche subnets, such as Beam, have their own validators. Currently, eight validators run on the Beam mainnet, with this number set to increase as the platform expands. Beam is utilizing a proof-of-authority (PoA) consensus model in the current public phase, where transactions are validated by a limited number of trusted validators. The plan is for Beam to transition to proof-of-stake (PoS), allowing more users to stake and earn rewards.

LayerZero interoperability

An outstanding feature of Beam is its integration with LayerZero, a cross-chain protocol that allows NFTs and assets to be transferred across multiple blockchains. NFTs on Beam are created as omnichain assets, giving them the ability to move freely between networks. This interoperability enables game developers to create cross-chain games and gives players more flexibility in managing their assets.

BEAM token and decentralized governance

The BEAM token plays a central role in the Beam ecosystem. All transactions and smart contract interactions are paid with BEAM. Once Beam fully transitions to PoS, BEAM holders can stake their tokens and receive rewards, incentivizing users to support the network and strengthen community involvement.

In addition, BEAM tokens offer governance rights within the Merit Circle DAO. The decentralized governance allows token holders to vote on the platform's future direction, including new features, partnerships with game developers, and ecosystem expansion. This influence enables users to have a say in Beam's development.

Exchange Beam AMM on Sphere NFT Marketplace

Beam offers users various tools to trade and add value within the network. The Beam AMM Swap is a decentralized exchange for trading BEAM tokens and accessing a growing number of cryptos. Sphere, Beam's NFT marketplace, is designed for trading in-game assets and collectibles. These tools simplify managing and trading tokens within the Beam ecosystem without third-party intervention.

The BEAM token is the native cryptocurrency of the Beam blockchain, essential for transactions within the network and crucial for tools like the Sphere NFT marketplace and Beam AMM Swap. BEAM also acts as a governance token within the Merit Circle DAO, giving holders voting rights and a say in the platform's future direction.

The total supply of BEAM tokens is limited to just under 63 billion tokens, ensuring no extra tokens will be created. This unique feature makes BEAM a 'supply-capped' token.

Beam stands out with innovative features that go beyond the standard characteristics of other blockchains. The platform offers specific solutions for the gaming industry, providing users with a fresh experience. Here are five features that truly make Beam unique:

• Gaming-focused blockchain: Beam is designed as a gaming-focused blockchain within the Avalanche ecosystem, functioning as an autonomous subnet. This allows Beam to fully adapt to the needs of game developers and players, while benefiting from Avalanche's speed and low costs.
• Omnichain NFTs via LayerZero: Integration with LayerZero enables in-game items on Beam to be created as omnichain NFTs, transferable across different blockchains. This provides the ability to easily send gaming assets across different networks.
• Beam SDK for blockchain game integration: The Beam SDK offers developers a comprehensive toolkit for seamless blockchain integration in games, enabling in-game economies and blockchain-based player interactions beyond traditional SDK features.
• Flexible staking and governance model within the DAO: BEAM tokens are utilized not only for transactions, but also for staking and governance within the Merit Circle DAO. This gives users direct influence on Beam's development.
• Gaming NFT marketplace: Sphere, Beam's NFT marketplace, is specifically designed for trading in-game NFTs and collectibles. Tailored with tools and features for the gaming industry, Sphere provides a secure and decentralized environment where players and developers can manage and trade game assets.

You can buy Beam (BEAM) at Bitvavo. Our platform is suitable for beginner and experienced cryptocurrency traders. Follow these four steps to purchase Beam on our website or app:

1. Create an account or log in to your Bitvavo account.
2. Click "Deposit" to add funds.
3. Head to the Beam purchase page.
4. Enter the desired amount in euros or number of BEAM tokens and click "Buy".

The price of BEAM tokens is based on the current market rate. After purchase, your BEAM tokens will be added to your Bitvavo account instantly for easy management and selling.

You can easily and safely store your BEAM tokens within your Bitvavo account. Bitvavo keeps the majority of funds offline to reduce the risk of unauthorized access. For added security, you can enable two-factor authentication (2FA) to add an extra verification step besides your password when logging in.

Looking to store your BEAM tokens externally? They can easily be transferred to a software or hardware wallet that supports BEAM. Before sending the tokens, verify the wallet address in your Bitvavo account, then transfer your BEAM coins easily.