Beam (BEAM)
BEAM is an ERC-20 cryptographic token that plays a vital role in the Beam ecosystem. It is designed to facilitate various functions within the network, such as covering transaction fees, securing the network, enabling governance, and serving as a means of payment. BEAM is decentralized and operates globally, allowing users to transfer their tokens through blockchain systems without relying on intermediaries.
Role of BEAM in the Beam ecosystem
Gas token
As the native crypto asset on the Beam network, BEAM is used to cover gas fees for transactions. This includes transactions related to games and other applications within the Beam ecosystem. The requirement of BEAM for transaction fees ensures the smooth operation and maintenance of network activities.
| Ticker | BEAM |
| Category | Smart Contract Platform |
| Website | https://onbeam.com |
| @buildonbeam | |
| Telegram | buildonbeam |
| Contract Addresses | |
|---|---|
| ethereum | 0x62...ce Copied! |
| binance-smart-chain | 0x62...ceCopied! |
| avalanche | 0x62...ceCopied! |
Validation and delegation
BEAM plays a crucial role in securing the Beam network. It is required for validating and proposing blocks on the mainnet. This function is essential for maintaining the integrity and security of the blockchain, ensuring that all transactions are verified and recorded accurately.
Governance
BEAM holders have the opportunity to participate in the governance of the Beam network. This includes being involved in decision-making processes related to mutable features of Beam protocols. By holding BEAM, users can exert checks and balances on Beam DAO-adjacent entities, contributing to the decentralized management of the ecosystem.
Means of payment
BEAM is increasingly accepted as a means of payment by various decentralized applications, games, and smart contract systems within the Beam ecosystem. This utility enhances its functionality and adoption, enabling seamless transactions across different platforms and services.
Features of BEAM
BEAM is characterized by its decentralization and global reach. It allows users to transfer tokens without the need for intermediaries, ensuring privacy and security. Additionally, BEAM is divisible up to 18 decimal places, enabling users to acquire and transact with fractions of a BEAM token. This divisibility enhances its usability in various transaction scenarios.