Question 1

What is BEAM (BEAM)?

Accepted Answer

BEAM is an open-source blockchain designed specifically for the gaming industry and forms the core of the Merit Circle ecosystem. It provides a flexible and chain-agnostic platform for developers, enabling the seamless integration of blockchain technology into games. BEAM supports smart contracts, transaction handling, and digital asset management, creating a simplified and enhanced gaming experience for players and developers alike. Initially launched on Avalanche, BEAM has since expanded to incorporate Immutable's zkEVM infrastructure, powered by Polygon, enhancing scalability and efficiency within the ecosystem. The ecosystem includes Sphere, an NFT marketplace for in-game assets.

Question 2

What is BEAM (BEAM) used for?

Accepted Answer

BEAM serves multiple functions within the Merit Circle ecosystem:

1. **Gas Token**: It is used to cover transaction fees within the Beam network, which powers gaming and NFT transactions.
2. **Validation and Delegation**: BEAM holders can validate transactions on the network, and future plans include delegation capabilities, allowing users to delegate their BEAM tokens to validators.
3. **Governance**: BEAM is used in Merit Circle’s decentralised governance, allowing tokenholders to vote on proposals related to the ecosystem's growth and operations.
4. **Payments and Digital Assets**: BEAM facilitates payments for NFTs and other digital assets on platforms like Sphere, the gaming marketplace integrated with the Beam network.
5. **Game Development**: Through the Beam SDK, developers can integrate blockchain features into their games, enabling digital ownership, trading, and seamless player interactions.

Question 3

Who created BEAM (BEAM)?

Accepted Answer

BEAM was developed by **Merit Circle DAO**, a decentralised autonomous organisation focused on revolutionising the gaming industry by integrating blockchain technology. Key figures in the organisation include:

- **Marco van den Heuvel**, Co-founder and CGO, who previously worked in community management and marketing roles before co-founding Merit Circle in 2021.
- **Tommy Quite**, Co-founder and CFO, with a background in the Bitcoin Foundation and venture capital.
- **Brandon Aaskov**, CTO, bringing expertise from his time as Global Crypto Lead at DEPT and years of experience as a software engineer.
- **Thale Sonnemans**, COO, with a history in business administration and creative production, previously founding several startups before joining Merit Circle.

Question 4

Migration from MC to BEAM

Accepted Answer

The migration from the Merit Circle token (MC) to BEAM was initiated through the approval of proposals MIP-28 and MIP-29 in late 2023. Token holders can swap their MC tokens for BEAM at a 1:100 conversion ratio. The migration is open for 12 months, starting on 26th October 2023, and will see BEAM take over all the roles that MC previously held in the ecosystem. Non-migrated MC tokens will remain active but will not benefit from the updated functionality of BEAM, effectively reducing the total circulating BEAM supply as time progresses.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	BEAM-USDT BEAMXUSDT	binance	AA	0.002624USDT	24.60%	6,306,256,284.00BEAM	280,684	0.002106USDT	0.003050USDT
2	BEAM-TRY BEAMXTRY	binance	AA	0.1290TRY	24.52%	3,629,677,338.00BEAM	64,497	0.1036TRY	0.1498TRY
3	BEAM-USDT BEAMUSDT	bybit	A	0.002626USDT	24.69%	720,215,821.21BEAM	22,269	0.002106USDT	0.003039USDT
4	BEAM-USDT BEAM_USDT	whitebit	BB	0.002625USDT	24.70%	509,198,755.00BEAM	54,541	0.002105USDT	0.003052USDT
5	BEAM-USDT BEAMUSDT_SPBL	bitget	BB	0.002630USDT	24.70%	328,597,053.79BEAM	14,159	0.002109USDT	0.003041USDT
6	BEAM-USD BEAM-USD	coinbase	AA	0.002623USD	25.20%	296,939,932.00BEAM	4,126	0.002095USD	0.003050USD
7	BEAM-USDC BEAMXUSDC	binance	AA	0.002623USDC	25.08%	158,526,611.00BEAM	3,476	0.002097USDC	0.003055USDC
8	BEAM-USDT BEAMX_USDT	gateio	A	0.002627USDT	25.04%	126,870,428.90BEAM	9,889	0.002101USDT	0.003037USDT
9	BEAM-EUR BEAMEUR	kraken	AA	0.002323EUR	24.49%	30,178,183.48BEAM	328	0.001866EUR	0.002697EUR
10	BEAM-USD BEAMX_USD	cryptodotcom	AA	0.002635USD	25.29%	12,593,210.00BEAM	310	0.002103USD	0.003000USD
11	BEAM-USD BEAMUSD	cexio	BB	0.002879USD	34.93%	635,861.07BEAM	6	0.002134USD	0.002879USD
12	BEAM-USDT BEAMUSDT	cexio	BB	0.002732USDT	28.96%	52,438.78BEAM	4	0.002119USDT	0.002877USDT
13	BEAM-KRW KRW-BEAM	upbit	B	3.57KRW	24.83%	11,930,699,236.40BEAM	52,575	2.86KRW	4.18KRW
14	BEAM-USDT beamxusdt	huobipro	C	0.002606USDT	24.57%	3,053,172,119.86BEAM	142,133	0.002092USDT	0.003252USDT
15	BEAM-KRW BEAM_KRW	bithumbkorea	-	3.51KRW	23.50%	2,177,218,432.66BEAM	23,534	2.84KRW	4.18KRW
16	BEAM-USDT beamx_usdt	lbank	C	0.002626USDT	24.81%	2,030,892,438.00BEAM	100,644	0.002104USDT	0.003042USDT
17	BEAM-TRY BEAMTRY	btcturk	E	0.1293TRY	24.69%	1,350,563,838.00BEAM	11,819	0.1037TRY	0.1545TRY
18	BEAM-USDT beamx_usdt	xtpub	-	0.002626USDT	24.69%	1,133,039,281.00BEAM	10,550	0.002106USDT	0.003047USDT
19	BEAM-USDT BEAMUSDT	bitrue	D	0.002626USDT	24.63%	927,288,464.00BEAM	61,457	0.002107USDT	0.003043USDT
20	BEAM-THB THB_BEAM	bitkub	C	0.08767THB	24.95%	760,068,476.40BEAM	22,751	0.07016THB	0.1026THB
21	BEAM-USDT BEAMXUSDT	toobit	C	0.002624USDT	24.60%	669,290,444.00BEAM	21,562	0.002106USDT	0.003043USDT
22	BEAM-EUR BEAM-EUR	bitvavo	B	0.002333EUR	24.46%	512,127,648.09BEAM	4,632	0.001875EUR	0.002711EUR
23	BEAM-USDT BEAMX_USDT	coinw	-	0.002628USDT	24.67%	197,020,623.00BEAM	12,389	0.002108USDT	0.003020USDT
24	BEAM-USDT BEAM_USDT	bitunix	C	0.002628USDT	24.79%	194,072,826.00BEAM	30,656	0.002106USDT	0.003044USDT
25	BEAM-USDT beamx_usdt	digifinex	D	0.002625USDT	24.58%	153,660,018.00BEAM	39,611	0.002107USDT	0.003040USDT
26	BEAM-USDT BEAMXUSDT	mexc	C	0.002628USDT	24.79%	148,314,194.18BEAM	6,137	0.002106USDT	0.003042USDT
27	BEAM-USDT BEAMX_USDT	bydfi	-	0.002630USDT	24.64%	89,448,593.00BEAM	4,227	0.002110USDT	0.003030USDT
28	BEAM-USDT BEAMUSDT	btcturk	E	0.002668USDT	12.17%	69,522,516.00BEAM	789	0.002379USDT	0.003749USDT
29	BEAM-EUR BEAMEUR	bit2me	B	0.002323EUR	24.49%	30,178,183.48BEAM	328	0.001866EUR	0.002697EUR
30	BEAM-USDC BEAMXUSDC	mexc	C	0.002629USDC	24.95%	22,815,443.30BEAM	3,273	0.002104USDC	0.003034USDC
31	BEAM-IDR beamidr	indodax	E	48.00IDR	29.73%	13,796,617.22BEAM	1,697	37.00IDR	58.00IDR
32	BEAM-INR BEAMXINR	coindcx	-	0.2629INR	23.03%	6,156,568.11BEAM	637	0.2137INR	0.3078INR
33	BEAM-KRW BEAM_KRW	coinone	C	3.55KRW	7.45%	1,673,178.51BEAM	36	3.30KRW	4.86KRW
34	BEAM-BTC BTC-BEAM	upbit	B	0.0₇2999BTC	50.00%	368,262.71BEAM	4	0.0₇2000BTC	0.0₇2999BTC
35	BEAM-BRL BEAM-BRL	mercadobtc	C	0.01500BRL	13.72%	91,381.97BEAM	14	0.01319BRL	0.01500BRL
36	BEAM-USDT BEAMXUSDT	coinex	C	0.001929USDT	0.00%	0BEAM	0	0.001929USDT	0.001929USDT
37	BEAM-USDT USDT-BEAM	upbit	B	0.002004USDT	0.25%	9,352.83BEAM	1	0.002000USDT	0.002004USDT
38	BEAM-BTC BEAMXBTC	coinex	C	0.0₇2301BTC	0.00%	0BEAM	0	0.0₇2301BTC	0.0₇2301BTC
39	BEAM-USDT BEAMXUSDT	hitbtc	E	0.002000USDT	0.00%	0BEAM	0	0.002000USDT	0.002000USDT
40	BEAM-BTC BEAMXBTC	hitbtc	E	0.0₇1939BTC	0.00%	0BEAM	0	0.0₇1939BTC	0.0₇1939BTC