Beam

The $BEAM token is the primary cryptocurrency asset for the Beam network, which is a gaming platform powered by the Beam DAO. Beam functions as a collaborative ecosystem, bringing together gamers and developers to shape the gaming industry's future. A key feature is the Beam SDK, a versatile software development kit that provides game developers with a selection of tools to integrate blockchain elements into their games.

To engage with the Beam network, one must use $BEAM, the essential cryptocurrency for transactions within the network. This includes not just asset transfers but also interactions with smart contracts, facilitating a smooth and immersive gaming experience.

In addition to acting as a gas token that energizes the Beam network, $BEAM is central to the governance of the Beam DAO. This decentralized autonomous organization was established in early 2021 to transform the gaming industry. Holding $BEAM tokens enables users to take part in the governance of this DAO.

BEAM came into existence following a token swap from $MC to $BEAM on October 26th. The current circulating supply stands at 41,626,195,398, and it grows as more $MC tokens are converted to $BEAM or through vesting tokens. Conversely, the supply decreases due to buybacks and burns funded by the DAO's profits.

BEAM was created by the Merit Circle DAO, a decentralized autonomous organization that was launched in early 2021 with the aim of transforming the gaming industry. By holding $BEAM tokens, individuals can participate in the governance of this DAO.

As a decentralized autonomous organization, Merit Circle DAO relies on a dynamic group of contributors who drive its success. This includes a diverse range of participants, some contracted by the DAO, while others volunteer their efforts. The stakeholders vary from gamers, token holders, and investment funds to corporations and other DAOs, encompassing both well-known and (pseudo) anonymous entities.

BEAM tokens are available on both centralized and decentralized cryptocurrency exchanges. Binance is the most popular platform for buying and trading Beam, with the BEAM/USDT pair showing a trading volume of $41,046,928 in the past 24 hours. Other notable exchanges include Uniswap V2 (Ethereum) and Bybit.