Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

What is Beam (BEAM)?

Beam basic info

Name:Beam
Ticker:
Introduction:

What Is Beam?

Beam is a gaming blockchain, serving as a community-driven chain and ecosystem where gamers and developers unite to shape the future of the gaming industry. More than just a gaming blockchain, Beam operates as an Avalanche subnet, making it not only an independent blockchain but also a part of a vibrant, interconnected network. This integration allows Beam to leverage the scale, speed, and security features of the Avalanche protocol, while still maintaining its unique focus on gaming applications.

In its developer preview mode, Beam employs a reputation-based consensus method known as Proof of Authority (PoA), enhanced with the Snowman protocol. This configuration entrusts a select group of reputable authorities to authenticate transactions, ensuring the blockchain's integrity. The PoA model underscores the value of the validators' reputations, with these validators being meticulously chosen based on their trustworthiness, resulting in a highly scalable system where transactions are verified by pre-approved participants.

Resources

Official Documents: https://docs.onbeam.com/

Official Website: https://www.onbeam.com/

How Does Beam Work?

Beam's operation is characterized by its compatibility with the Ethereum Virtual Machine (EVM), a sophisticated computational emulator that supports smart contract coding in Solidity. This compatibility allows developers to effortlessly port Ethereum-based applications onto Beam, unlocking a plethora of opportunities for creating immersive and captivating games. For those who have previously developed on Ethereum, transitioning to Beam is a breeze.

Furthermore, Beam incorporates the UniswapV2 protocol in its Beam Swap feature, a decentralized system for automated liquidity on Ethereum. This system facilitates token trading without the need for order books, and in return, liquidity providers earn fees. Bridging tokens to and from Beam is powered by the LayerZero protocol, enabling tokens to move seamlessly across various blockchain networks without the need for liquidity or incurring additional fees.

What Is BEAM Token?

BEAM is the native token of the Beam network. It plays a pivotal role in interacting with the Beam network, being used to pay for transactions. The recent migration of the Merit Circle token MC to BEAM was initiated to better align with the activities within the Merit Circle ecosystem. The BEAM token is set to become the cornerstone for coordination and incentivization within the Beam and Merit Circle ecosystem, serving as the fuel for blockchain gaming and other activities on Beam networks, and playing a role in governance.

What Determines Beam's Price?

In the dynamic world of cryptocurrency, the price of Beam, like other digital assets, is influenced by a myriad of factors rooted in both fundamental and speculative elements. At its core, Beam's price is determined by the classic economic principle of supply and demand. As Beam gains traction in the blockchain gaming industry and its adoption surges, increased demand against a fixed or limited supply can drive its price upwards. Conversely, if demand wanes, the price may experience downward pressure.

External market sentiments, often shaped by global economic conditions, regulatory news, and technological advancements in the blockchain sector, also play a pivotal role in Beam's price fluctuation. Additionally, the utility and integration of the BEAM token within its ecosystem, partnerships, and collaborations can significantly impact its perceived value. As with other cryptocurrencies, investor sentiment, media coverage, and market speculation can lead to volatile price swings. It's essential for potential investors and users to stay informed and conduct thorough research, understanding that the cryptocurrency market's inherent volatility can lead to rapid and significant price changes for assets like Beam.

For those interested in investing or trading BEAM, one might wonder: Where to buy Beam? You can purchase Beam on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

Show more
Current price:
All-time high:$3.18
All-time low:$0.02492

BEAM supply and tokenomics

Circulating supply:150,753,570 BEAM
Total supply:150,753,560 BEAM
Max supply:262,800,000 BEAM
Market cap:$5.89M
Fully diluted market cap:$10.27M
Tokenomics:

Uniqueness

Beam is an ecosystem where gamers and developers come together to shape the future of the gaming industry. One of its core components is the Beam SDK, which is a flexible software development kit that enables game developers to choose between a variety of tools that can be used to fuel and structure their in-game blockchain elements.

Token utility

To interact with Beam, $BEAM is required. This is the native crypto asset used within the Beam network to pay for transactions. This not only includes transfers of assets but also involves all interactions with smart contracts on the Beam network, facilitating a seamless, immersive gaming experience.

Besides functioning as a gas token that fuels the Beam network, $BEAM is the heart of the governance of the Merit Circle DAO. This decentralized autonomous organization (DAO) was brought to live in early 2021 to revolutionize the gaming industry. The $BEAM token allows its holders to participate in governance of this DAO.

Links

Buy Beam for $1Buy BEAM now

What is the development prospect and future value of BEAM?

The market value of BEAM currently stands at $5.89M, and its market ranking is #1265. The value of BEAM is not widely recognized by the market. When the bull market comes, the market value of BEAM may have great growth potential.

As a new type of currency with innovative technology and unique use cases, BEAM has broad market potential and significant room for development. The distinctiveness and appeal of BEAM may attract the interest of specific groups, thereby driving up its market value.

What will the price of BEAM be in 2025?
Based on BEAM's historical price performance prediction model, the price of BEAM is projected to reach $0.04551 in 2025.
What will the price of BEAM be in 2030?
In 2030, the BEAM price is expected to change by -15.00%. By the end of 2030, the BEAM price is projected to reach $0.07172, with a cumulative ROI of +104.03%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of BEAM and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is BEAM worth investing or holding? How to buy BEAM from a crypto exchange?

If you want to buy BEAM, the following information may be helpful for your investment decisions:
In the last seven days, the price of BEAM has risen by 0.04%, leading to positive returns for most BEAM investors. The market is currently optimistic about the price trend of BEAM.
It is important to note that the current price of BEAM has retreated by -98.77% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether BEAM is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in BEAM or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of BEAM, if you want to buy or sell BEAM, you can consider Bitget for your trading needs. The best place to buy BEAM is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Beam has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Beam. Here's a step-by-step guide on how to buy Beam on Bitget.

How to get Beam through other methods?

Using cash to buy Beam is not the only way to obtain Beam. If you have the time to spare, you can get Beam for free.
Learn how to earn Beam for free through the Learn2Earn promotion.
Earn free Beam by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Beam airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Beam through Bitget Convert, Bitget Swap, or spot trading.

What is Beam used for and how to use Beam?

The use case of Beam may expand as the crypto market and the project itself develop. Currently, you can use BEAM to achieve the following goals:
Arbitrage by trading BEAM: Since BEAM is a frequently traded cryptocurrency, the price of BEAM is always fluctuating. Earn more BEAM by buying low and selling high on the exchange. Bitget spot market provides a variety of BEAM trading pairs to fully meet your needs.
Earn by staking BEAM: You can also generate income through financial management methods such as staking BEAM or lending BEAM. Bitget Earn offers a variety of financial products designed to help you earn more income from your BEAM.
Send or pay BEAM: If you want to give BEAM to your friends, a charity, or a fundraiser, or you want to pay someone with BEAM, you can quickly and easily send BEAM to the recipient through their payment address.
You can also go to the official website of the Beam project to learn more about the use cases of BEAM. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

Learn about other cryptos

Recently added coin prices

More
A selection of recently added coins

Trending coin prices

More
Assets with the biggest change in unique page views on Bitget.com over the past 24 hours

Where can I buy Beam (BEAM)?

Buy crypto on the Bitget app
Sign up within minutes to purchase crypto via credit card or bank transfer.
google download badgeios download badge
Trade on Bitget
Deposit your cryptocurrencies to Bitget and enjoy high liquidity and low trading fees.