Beam (BEAM)
Beam is a specialized independent network focused on gaming, developed by the Merit Circle DAO. It operates autonomously and is powered by the Avalanche network, catering to both gamers and game developers.
Overview
Beam is driven by the Merit Circle DAO and thrives within a dedicated gaming community. It has over 60 partner games and a robust ecosystem of contributors and investors. This decentralized autonomous organization ensures reliability and immediate functionality, boosting confidence among gaming enthusiasts.
Operating on the Avalanche network, Beam provides cost-effective and fast settlements for its subnets. It offers flexibility in adjusting fees and block time, optimizing transactions within games. For example, the DFK subnet supports DeFi Kingdom with 1.5 million daily transactions at minimal fees. Beam also facilitates seamless on-chain deployment for game developers, covering smart contracts, gas-optimized transactions, and other complexities. The network prioritizes security and trust, initially allowing smart contract deployment to whitelisted addresses proposed by token holders in an open process.
| 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! |
Beam ecosystem
BeamOS
BeamOS aims to eliminate the friction that gamers often face, offering a customizable and familiar user interface. It provides users with access to every tool, app, and feature within the Beam ecosystem.
Beam SDK
The Beam SDK is designed to allow game developers to tailor their projects according to their preferences. It supports a blockchain that enhances gameplay without imposing restrictions. Developers have programmable control over various aspects like accounts and transactions, choosing features that best suit their needs.
Beam LayerZero Bridge
The Beam LayerZero Bridge simplifies asset transfers, including BEAM tokens ($BEAM) necessary for transactions. Merit Circle collaborated with LayerZero for security, integrating their protocol into the network.
Beam AMM Swap
The Beam Automated Market Maker (AMM) enables users to exchange tokens of projects developed on Beam. Each project has a dedicated pool, and additional pools may be introduced as needed. The AMM smart contracts charge fees for each swap, divided into liquidity provider and protocol fees, with the latter used for MC buyback and burning.
Beam Hub
Beam Hub is a gaming platform launched by Merit Circle, catering to early-access and competitive players. It offers a unique gaming experience and competitive opportunities. Users can participate in tournaments, collaborations, and campaigns with other games. Currently, the Beam Hub hosts 191 games.
Sphere
Sphere, provided by the Merit Circle DAO, is a dedicated NFT marketplace for gaming. It offers a seamless platform for acquiring assets from preferred games. Like the Beam AMM Swap, it imposes a protocol fee for transactions, used for MC buyback and burning.
Beam Companion App
The Beam Companion App guides users through the Web3 gaming experience, facilitating the ownership of in-game assets. It allows users to link their in-game accounts across various games, enabling them to manage and secure their assets, swap game tokens, and share items with friends.
$BEAM token
The $BEAM token serves as the native currency within the Beam network, covering transaction costs for all platform activities, including fund transfers and smart contract deployment.
Tokenomics
Initially, 1,000,000,000 $MC tokens were created and allocated to various stakeholders within the DAO:
- Community Incentives: 29.4% (294,000,000 MC tokens) for rewarding community contributions.
- Contributors: 20% (200,000,000 MC tokens) for core contributors and advisors.
- DAO Treasury: 15% (150,000,000 MC tokens) reserved for the DAO's treasury.
- Early Contributors: 14.1% (141,000,000 MC tokens) for contributors in the seed round.
- Liquidity Rewards: 10% (100,000,000 MC tokens) as incentives for liquidity on decentralized exchanges.
- Public Distribution: 7.5% (75,000,000 MC tokens) for the public round.
- Retroactive Rewards: 4% (40,000,000 MC tokens) for rewarding early backers in the Axie420 period.