Beam

Beam (BEAM) Token Overview

Beam (BEAM) is a versatile ERC-20 cryptographic token that plays a crucial role within the Beam ecosystem, which is designed to enhance the gaming experience and streamline transactions across multiple blockchain platforms. As a part of the BNB Chain, Avalanche, and Ethereum ecosystems, BEAM is positioned at the intersection of GameFi and decentralized finance.

Core Functions of BEAM

• Gas Token: BEAM serves as the native cryptocurrency of the Beam network, essential for covering transaction fees, including those related to gaming on the platform.
• Validation and Delegation: Holders of BEAM tokens play a vital role in securing the network by validating and proposing new blocks on the Beam mainnet.
• Governance: BEAM token holders have the opportunity to engage in the governance of various Beam protocols, influencing key decisions and ensuring accountability within Beam DAO-adjacent entities.
• Means of Payment: BEAM is increasingly recognized as a method of payment across a variety of decentralized applications, games, and smart contract systems within the ecosystem.

Decentralization and Accessibility

BEAM is designed to be decentralized and global, allowing users to transfer tokens seamlessly using blockchain technology without the need for intermediaries. The token’s intrinsic structure ensures that no individual or organization can arbitrarily mint additional BEAM tokens, preserving its value and integrity. Moreover, BEAM is divisible up to 18 decimal places, enabling users to transact in fractions of a token, making it accessible for a broader audience.