Beam Prepares for TGE and Distribution

Beam Prepares for TGE and Distribution

By Jakub Lazurek

16 Dec 2024 (10 hours ago)

2 min read

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Beam’s upcoming token launch and distribution marks a key milestone, boosting its gaming-focused blockchain with scalability and community-driven innovation.

The upcoming Token Generation Event (TGE) and distribution for Beam marks a significant step for the gaming-focused blockchain platform. Beam is designed as a community-driven ecosystem where developers and players collaborate to shape the future of blockchain gaming. Operating on the Avalanche subnet, Beam benefits from high scalability, speed, and security while maintaining its own focus on providing powerful solutions for gaming applications. The platform positions itself as a flexible and reliable option for developers aiming to create groundbreaking games and blockchain experiences.

The Beam project has already achieved notable milestones. Its recent token distribution began on October 26, 2023, with the token initially listed at a price of $0.0048. Since its launch, Beam’s ROI has reached 6.96x, showcasing the platform’s early momentum and adoption. The platform's integration of Avalanche subnet technology ensures strong network support, which allows Beam to function as both a part of a broader ecosystem and as a standalone solution dedicated to gaming innovation.

One of the key elements driving interest in Beam is its Proof of Authority (PoA) consensus mechanism, combined with the Snowman protocol. This unique system entrusts a selected group of pre-approved validators to authenticate transactions, prioritizing the blockchain’s security and scalability. The PoA system places significant value on trustworthiness and reputation, ensuring that validators maintain the platform’s integrity. This design allows for a smooth and secure environment, ideal for high-performance gaming networks where speed and reliability are essential.

Another critical development for Beam is its upcoming Node Sale round. The sale involves purchasing Node Tokens, which are required to launch and operate Beam Nodes. Each Node Token is fixed at a price of $1,250, with payments accepted in USDC, BEAM, ETH, and AVAX. This sale reflects Beam’s efforts to expand its validator network and further decentralize its operations, providing new opportunities for contributors to participate in securing the network.

Backed by strong funding, including a $4.5 million seed round in Q3 2021, Beam has demonstrated consistent growth. The TGE and distribution mark another pivotal phase, as it enables broader access to the platform’s tokens and infrastructure. Participants are encouraged to monitor official announcements and updates as the event approaches to stay informed about its progress and potential opportunities.

Beam’s evolution highlights the increasing role of blockchain technology in gaming, providing developers and gamers with tools to build and experience next-generation decentralized games. The focus on scalability, trust-based validation, and community engagement positions Beam as a significant contender in the blockchain gaming space.

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