In late 2023, Merit Circle switched to BEAM as their native token from the previous MC token, with a vision to build an augmented virtual world powered by blockchain technology.
Beam (BEAM) crypto asset is now listed on INDODAX on the ERC-20 network.
Interested in Beam (BEAM) and how to buy it? Learn more before investing by reading below!
About Beam (BEAM)
The $BEAM token serves as the native crypto asset for the Beam network, a gaming network empowered by the Merit Circle DAO.
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.
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.
For more information, visit the official website of Beam (BEAM) at https://meritcircle.io/
Challenges, Opportunities, and Utilities
BEAM aims to address the inequality between players and developers within gaming ecosystems by providing true ownership over players’ efforts and achievements in games through BEAM tokens, as well as establishing a system that gives greater control to the player community through the Decentralized Autonomous Organization model. Thus, BEAM works to create a fairer and more sustainable gaming environment where players’ rights and interests are prioritized.
In its development, BEAM’s advantages include:
- It allows players to truly own digital assets and results of their work in games through tokenization. This gives greater control to players.
- It supports the development of a decentralized gaming ecosystem through the DAO model, where the player community can participate in decision making.
- It serves as a valid medium of exchange within the Merit Circle ecosystem for various activities like gaming, investing, marketplace purchases and more.
- It allows players to resell their digital assets in the secondary market through blockchain technology.
- It funds various web3 projects including new games, developer studios, project incubators, and NFT markets through the DAO treasury.
The uses of BEAM are as follows:
- Gas token on the Beam network
- Governance for the Merit Circle DAO
- Delegation
- Validation
Founder of Beam (BEAM)
BEAM (formerly known as Merit Circle) was established in 2021 by Marco Van Den Heuvel, along with co-founders Mark Borsten and Tommy Quite.
Crypto Asset Ranking Information
As of April 15, 2024, the CoinMarketCap ranking of Beam (BEAM) is #59, with a market cap of USD 1,611,504,970. It has a circulating supply of 52,858,428,315 BEAM and a maximum supply of 62,955,102,600 BEAM.
How to Buy Beam (BEAM) on INDODAX
Now that you’ve discovered more about Beam (BEAM), you can start investing in Beam (BEAM) easily and securely on INDODAX.
You can access INDODAX via the INDODAX Mobile App, which can be downloaded from the App Store or Google Play Store, or by visiting the INDODAX website.
To buy Beam (BEAM) crypto asset on INDODAX, follow the steps below:
- Register on INDODAX if you are not yet an INDODAX Member or login to your INDODAX account
- Then, deposit by reading how to make a deposit below
- After making a successful deposit and the balance has been credited to your INDODAX account, visit the INDODAX market
- Search for BEAM in the IDR market, and click to visit the crypto asset page
- On the crypto asset page, enter the balance and desired BEAM purchase price, or buy instantly at the current price
- Next, you should wait for the price to increase for some time
- Once the price increases, your assets can be sold at a higher price with the Instant method
- If you use the Limit method to sell, make sure to place a sell order after purchasing the asset and enter a higher sell number
INDODAX also offers other features than trading, such as INDODAX Earn which allows you to lock crypto assets and earn interest rewards, and INDODAX OTC for large crypto transactions in a more personalized and secure way.
Let’s invest in Beam (BEAM) on INDODAX now!
