Beam 

BEAM Price

What is the Beam (BEAM) token?

Beam is a crypto ecosystem that grew out of Merit Circle, a gaming DAO founded in 2021. In October 2023, Merit Circle token holders approved proposals MIP-28 and MIP-29 to rebrand the MC token into BEAM and build a gaming-focused network on Avalanche technology. BEAM is the ecosystem's primary currency and governance token. Per the project's official site, Beam now operates as an innovation lab spanning Finance, Trading, RWA, Ventures, Gaming and AI, with ventures including the Dreamcash trading app and Beam Ventures, an Abu Dhabi-licensed frontier-tech fund.

Is Beam the same token as Merit Circle (MC)?

Yes. BEAM is the renamed successor of the MC token, migrated at a fixed rate of 100 BEAM per 1 MC starting in October 2023. The 12-month migration window closed in October 2024, after which all MC utilities, including Merit Circle DAO governance, transferred to BEAM.

What is Beam's maximum token supply?

Per DropsTab data, the maximum supply of BEAM is capped at 58,470,184,687 tokens, roughly 58.47 billion, and total supply equals that cap. The official project site states supply is reduced over time through a buy-and-burn mechanism. BEAM holders can also participate in ecosystem governance.

Does BEAM have a vesting schedule or upcoming token unlocks?

BEAM carries no contractual vesting schedule. The MC-to-BEAM migration completed in October 2024, and third-party trackers such as DeFiLlama report the supply fully unlocked, which removes scheduled unlock sell pressure. Emission risk therefore comes from discretionary treasury decisions: a large share of BEAM sits with the DAO treasury, so sell-side influence concentrates with the foundation and DAO rather than with outside investors.

Which investors backed Beam?

Per DropsTab fundraising data, the project raised $4.5M in a September 2021 seed round at $0.00043 per token, backed by Mechanism Capital, Digital Currency Group, The Spartan Group, Maven 11, DeFiance Capital and Yield Guild Games. Binance Labs, now YZi Labs, led an investment into Merit Circle in April 2022. DWF Labs added a $250K strategic round in December 2024. No single outside investor holds more than 20% of supply.

What was the Beam node sale?

The Beam node sale ran in December 2024 and raised $73M at $3,750 per node, per DropsTab data. Participants minted a Node Token that entitles them to operate validators of the Beam network once the Horizon upgrade completes. The campaign has ended, and no airdrops or reward campaigns are listed as active for the asset.

Can BEAM holders stake the token?

BEAM staking runs through network nodes rather than a generic token-staking contract. Node operators validate the Beam network once the Horizon upgrade completes, and node ownership is the project's main staking and infrastructure participation mechanism.

Where can you buy and trade BEAM?

DropsTab lists more than 40 markets for BEAM across spot, derivatives and DEX venues. Spot trading runs on tier-1 centralized exchanges including Binance, Upbit, Kraken, Bybit, Bitvavo and Bithumb, with pairs quoted in USD, EUR, KRW, TRY and BTC. Perpetual futures trade on Binance Futures, Bybit, MEXC and Gate.io. Decentralized liquidity sits on Uniswap (Ethereum and Base), PancakeSwap and LFJ (Avalanche).

Why does BEAM trade under two tickers, BEAM and BEAMX?

Several venues, including Binance, Gate, MEXC, HTX and HitBTC, list the token as BEAMX, while Upbit, Kraken and Bybit use BEAM. Both tickers refer to the same Merit Circle asset, so the split is venue naming convention only.

Is this BEAM related to the Mimblewimble privacy coin?

No. The BEAM covered here is the Merit Circle ecosystem token, deployed on Ethereum, Avalanche, Base and BNB Smart Chain; its Ethereum contract is 0x62d0a8458ed7719fdaf978fe5929c6d342b0bfce, verifiable on Etherscan. The Mimblewimble-based privacy coin at beam.mw uses the same BEAM ticker but is an unrelated asset.