BEAM token
Overview
BEAM is the native token of Beam, a sovereign blockchain-gaming network built as an Avalanche subnet with its own validator set. It is the mandatory gas token for network transactions and is used for validator staking and DAO governance across the Beam gaming ecosystem. BEAM launched in late 2023 and was migrated from the former Merit Circle (MC) token at a 1:100 ratio.
Within the DeFi Intel graph, BEAM connects to 3 tracked entities, most strongly to Beam, Beam, Beam.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 3 of 3 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched | Beam | 95% |
supports_token | Beam | 90% |
deployed_on | Beam | 85% |
Frequently asked questions
What is BEAM?
BEAM is the native cryptocurrency of the Beam network, a privacy-focused blockchain that uses the Mimblewimble protocol.
What is BEAM used for?
BEAM is used for transaction fees, staking, and governance within the Beam ecosystem.
What does the Beam network support?
The Beam network supports confidential assets and decentralized finance (DeFi) applications via the BeamX layer.