Update: BEAM is now available from this date!
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Answer Update: BEAM is now available from this date!
The Beam project offers a privacy platform for decentralized applications and decentralized finance protocols.
Recently, the project management announced that the BEAM coin collection and allocation feature has been enabled.
What distinguishes the BEAM allocation mechanism?
According to the official announcement shared by “Beam Protocol” on Twitter, the BEAM quota mechanism will be available starting today, October 21, 2021.
Users assigned to their cryptocurrency will receive BEAMX rewards.
projectors!
Here’s everything you need to prepare for Beam Staking!
– BeamPrivacy (@beamprivacy) October 12 2021
BEAM is one of the original and core digital currencies of the Beam protocol and project while BEAMX is a governance tool that allows Beam enthusiasts to have a say in all polls critical to the progress of Beam.
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Unlike other PoS coins, BEAM holders are not required to lock in their coins for predetermined periods of time, as users have the option to withdraw them at any time.
In BEAM, “BEAMX” tokens can be withdrawn at any time.
Currently, BEAM stakes and stacking are only available on Beam’s decentralized finance platform.
Amir Aronson, Director of Operations at BEAM, confirms that this innovation is a critical step in the decentralization of the Beam product and its development in society. He added:
Installing packages and launching BeamX is an important step forward as we move towards becoming a fully decentralized autonomous organization.
For a project to be DAO-governed is in line with Beam’s ethos of being a secure and decentralized blockchain network.
HOW TO SHARE BEAM COINS:
As we told at the beginning of the article, BEAM will be launched on October 21 and will be active for the next three months.
The Beam team will distribute a total of 1 million BEAMX tokens, which is 1% of the total supply of “BEAMX”.
While early adopters will not be able to exchange their rewards for other types of cryptocurrency, the introduction of atomic swaps via blockchain networks is on the team’s near-term roadmap.
Read:Report: Fraudsters laundered $8.6 billion worth of cryptocurrency in 2021
To join the stakes and stakes, users must deposit a “BEAM” to their Binance, Hotbit, BitForex, HBTC, ChangeNow and other central wallets.
Beam is a leading privacy-focused blockchain that uses protocols such as:
“LelantusMW” and “Mimblewimble”.
To obfuscate transaction data.
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