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What Is Beam (BEAM)?

February 20, 2025
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4 min

Developing blockchain games presents unique challenges compared to traditional game development. Integrating blockchain functionalities like smart contracts and decentralized asset management requires specialized expertise. Beam addresses these challenges by offering developer-focused solutions.

We explore what Beam is and how it helps develop next-generation Web3 games. 

What Is Beam?

The Beam project is a blockchain gaming ecosystem designed to empower both game developers and players. It aims to simplify the complexities of blockchain game development by providing developers with comprehensive APIs and SDKs, maximizing game potential. Operating as a subnet on the Avalanche network, Beam (also known as Beamx) strives to create an enhanced gaming experience through blockchain technology.

Furthermore, it tackles the issue of high transaction fees, which can hinder user engagement, by implementing a low-fee policy. This enables micro-transactions and high-volume interactions, fostering diverse and innovative applications.

Beam is also compatible with the Ethereum Virtual Machine (EVM), enabling developers to easily port Ethereum-based applications to the Beam network. This compatibility facilitates the creation of games using the Solidity programming language. 

Beam utilizes a Proof of Authority (PoA) consensus mechanism. This system relies on a pre-selected group of trusted authorities to validate transactions and maintain network security. These validators are chosen based on their established reputation, contributing to the platform's scalability and integrity.

Beam Components 

The Beam ecosystem comprises several key components:

  • Beam Companion App: A mobile application for managing in-game assets, allowing players to view, modify, and securely store their items.
  • Sphere: An NFT marketplace specifically for in-game items converted into NFTs.
  • Beam Swap: A decentralized exchange for cryptocurrency trading and liquidity pool transactions.
  • Beam Bridge: A bridge facilitating interoperability by connecting different blockchain networks for seamless asset transfers.
  • Beam Hub: A platform catering to Web3 game enthusiasts, featuring Web3 games, game guides, and reward programs. It provides players with opportunities to play games, learn about Web3 and gaming through guides, and earn rewards.

Beam Team 

Beam was launched in 2023 by Merit Circle, an ecosystem founded in 2021 by Marco van den Heuvel and Tommy Quite.

Marco van den Heuvel, Merit Circle's co-founder and CEO, holds a BA in International Business from Arnhem Business School (2019) and studied International Business at San Francisco State University. He has a background in blockchain community and marketing management, having founded HappyMod and CMMC Start, which provide related services to blockchain companies and startups, respectively. He also served as CMO at HappyMod.

Tommy Quite, Merit Circle's CFO and co-founder, studied Contemporary Chinese Business and Language at Beijing University of Technology and HU University of Applied Sciences Utrecht. He was an advocate for the Bitcoin Foundation (2014-2018), worked as a community manager at Civic Technologies, and co-founded Caltrix Capital and Flow Ventures.

What Is the BEAM Token? 

The BEAM token is the native cryptocurrency of the Beam project. It's important to note that Beam operates as a subnet on the Avalanche network, not on its own independent blockchain. Therefore, BEAM is technically a token, not a coin.

This token plays a crucial role within the Beam ecosystem. It is required for various functions, including:

  • Paying transaction fees on the Beam platform.
  • Participating in governance processes, giving token holders a voice in the project's future.
  • Performing trading transactions on the platform's exchange.
  • Staking.
  • Facilitating the operation of smart contracts, contributing to the gaming experience.

BEAM Tokenomics & Performance 

The BEAM token has a market capitalization of $483.33 million, with a 24-hour trading volume of $47.7 million. The fully diluted valuation (FDV) stands at $609.85 million. The ratio of 24-hour volume to market cap is 9.85%. Currently, there are approximately 70,030 BEAM holders. The total supply of BEAM tokens is 62.43 billion, while the circulating supply is 49.46 billion. The maximum supply is not specified.

Conclusion 

In conclusion, Beam presents a comprehensive ecosystem that bridges the gap between traditional game development and blockchain. By offering developer-friendly tools, a robust infrastructure on the Avalanche network, and low transaction fees, Beam aims to empower game creators and enhance the player experience.

Trade BEAM on Tothemoon and become a part of the next generation of blockchain gaming. Start trading BEAM now!

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Katya V.

Katya is one of Tothemoon's skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.