Question 1

What is BEAM?

Accepted Answer

The BEAM crypto is the native coin of the Beam blockchain. The term can also encompass the entire Beam project, which is a blockchain network designed to support Web3 gaming.

Question 2

What is the purpose of the BEAM token within the Beam network?

Accepted Answer

What is the purpose of the BEAM token within the Beam network?

The BEAM coin serves as the native currency for transactions within the Beam network. It is essential for on-chain transactions and interactions with smart contracts, contributing to a seamless and immersive Web3 gaming experience.

Question 3

How does BEAM contribute to the Merit Circle DAO objectives?

Accepted Answer

How does BEAM contribute to the Merit Circle DAO objectives?

BEAM is at the core of the Merit Circle infrastructure pillar, supporting the integration of blockchain capabilities into gameplay. The Merit Circle DAO aims to revolutionize the gaming industry by turning user efforts and skills into actual ownership, fostering a sense of community in Web3 gaming.

Question 4

How is BEAM's supply-managed, and what is its potential impact on inflation?

Accepted Answer

How is BEAM's supply-managed, and what is its potential impact on inflation?

The BEAM token's supply is not capped, as new instances of the coin can be minted. However, part of the BEAM tokens used for transaction fees are burned, causing a deflationary effect. The interplay between minting and burning mechanisms will influence the token's inflationary or deflationary dynamics over time.

Question 5

Where can I view the live price of BEAM?

Accepted Answer

Where can I view the live price of BEAM?

For real-time, on-chain insights and live price views, Moralis Money offers a dedicated $BEAM token page (you are on it). By scrolling to the “Price Chart” section above, you’ll be able to view the live BEAM price on a dynamic chart. So make sure to use the above resources and tools for altcoin analysis to help you decide if $BEAM is a good investment for you. The combination of the live BEAM coin’s price and its real-time, on-chain metrics should also help you determine if now’s a good time to buy $BEAM.

Question 6

Where can I buy $BEAM?

Accepted Answer

Where can I buy $BEAM?

There are several markets that offer BEAM trading pairs; however, the overall best path awaits you right on this page. Simply scroll up, hit the “Buy” button, and follow the instructions that the swap feature offers. But before you take action, make sure to explore the live BEAM price and the token’s real-time on-chain metrics to determine if now is a good time to buy.