BEAMX: An Innovative Token for the Video Game Blockchain
Introduction to Token $BEAMX
BEAMX is the native token of the Beam blockchain, developed by Merit Circle, a decentralized organization focused on Web3 video gaming initiatives. Launched on October 26, 2023, BEAMX quickly gained attention thanks to its integration with LayerZero, an omnichannel interoperability protocol enabling the easy transfer of gaming assets between different blockchains.
Features and Technology
$BEAMX is built on Avalanche infrastructure, benefiting from fast transactions and low fees. The Beam blockchain currently operates under a proof-of-authority (PoA) validation model, but plans to migrate to a proof-of-stake (PoS) model later in 2024. This transition will allow token holders to delegate their funds to validator nodes to receive a share of block rewards.
Economy and Distribution
BEAMX has a total supply of 62,434,008,330 tokens, with approximately 49,466,004,168 tokens currently in circulation. The price of BEAMX is around 0.03 USD, with a market capitalization of around 1.5 billion USD.
Use and Potential
BEAMX is primarily used to pay transaction fees on the Beam network. During the transition to PoS, BEAMX tokens will also be used for staking, providing a new dimension of participation for token holders. This development positions BEAMX as a key element of the blockchain video games ecosystem, with strong potential for growth and innovation.
Conclusion
In summary, $BEAMX is a promising token in the field of blockchain games, supported by advanced technology and a solid economic structure. Its integration with LayerZero and its future transition to the PoS model make it a player to watch closely in the world of cryptocurrencies and video games.
