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We are Listing Beam (BEAM)

May 16, 2024
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2 min

The Beam network provides users with scalable infrastructure that can support a high volume of transactions, making it an ideal choice for game developers and decentralized applications (dApps). With the ability to process up to 4,500 transactions per second, Beam stands out from many other blockchain platforms. This high transaction capacity is especially beneficial for games that expect high user traffic.

In addition, Beam's transaction finality is approximately one second, which significantly improves the user experience, especially in real-time gaming scenarios. In addition to its impressive scalability and speed, Beam also offers low transaction fees. This feature facilitates micro-transactions and high-frequency interactions, paving the way for a wider range of applications. 

Beam's main network operates on Avalanche using a Proof-of-Stake (PoS) consensus mechanism, which is more energy efficient than the traditional Proof-of-Work (PoW) mechanism. In addition, Beam's compatibility with the Ethereum Virtual Machine (EVM) allows developers to write and deploy smart contracts in Solidity just as they would on the Ethereum network. This feature lowers the barrier to entry for developers already familiar with Ethereum's tools and languages, making the transition to Beam seamless.

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What is the BEAM token?

The native cryptocurrency of the Beam network is the BEAM token. This token plays a critical role in the Beam ecosystem, particularly in the gaming network powered by the Merit Circle DAO. The BEAM token is used for various transactions within the network and is not only a medium of exchange, but also a representation of participation in the Beam network. It allows gamers and developers to actively shape the future of the gaming industry.

As an EVM-compatible chain, Beam allows users to connect to its network using any Ethereum wallet. This compatibility extends to the BEAM token, meaning it can be managed using popular third-party wallets such as MetaMask. This feature increases the accessibility and usability of the BEAM token, making it easier for users to participate in the Beam ecosystem. 

Here are some other things you need to know about the token:

  • Trading Volume (24h): The trading volume of BEAM in the past 24 hours is $31,299,021.
  • Circulating Supply: The circulating supply of BEAM is 49,466,004,168 tokens.
  • Total Supply: The total supply of BEAM is 62,434,008,330 tokens.

Trade BEAM

If you are looking to access a powerful network to build on, be it a decentralized application or a game, all you need to do is purchase your first BEAM tokens. Head over to our trading page and begin your Beam journey.

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Risk Disclosure Statement

The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Cryptology may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Katya V.

Katya is one of Cryptology’s skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.