Easy way to Buy BeBeam(BEAM) Online with Wigwam crypto app

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How to buy and hold BEAM with Wigwam

BEAM

1. Choose a token number that you want to buy

2. Create a wallet, where to store your crypto

3. Pay with credit card

143.59 BEAM

4. Check your crypto in the created wallet

Why Wigwam is the best crypto wallet for Beam (BEAM) storage

Ultimate security, only you have access to your Beam tokens

Send, Receive, Store your Beam tokens free and without limitations

Check the real-time value of your crypto tokens

Buy, Sell, Exchange Beam (BEAM) directly in the wallet

Stake Beam (BEAM) by connecting Wigwam to the popular DeFi dApps

No KYC or personal data collected

Why Wigwam is the best crypto wallet for Beam (BEAM) storage

Beam token review

The BEAM token is the native token of the Beam blockchain, a gaming network empowered by the Merit Circle DAO. Beam is an ecosystem where gamers and developers come together to shape the future of the gaming industry. 

One of its core components is the Beam SDK, which is a flexible software development kit that enables game developers to choose between a variety of tools that can be used to fuel and structure their in-game blockchain elements.

About Beam

BEAM was launched in March 2018 with a focus on privacy and confidentiality. It uses the Mimblewimble protocol to ensure private transactions, improve scalability, and reduce blockchain bloat. Beam uses a proof-of-work-work model with the BeamHash III consensus algorithm, which allows for efficient GPU mining. 

The platform supports features like time-locked transactions and atom swapping. It operates under the non-profit Beam Foundation and eschews initial coin offerings (ICOs) or pre-mining, relying instead on a block reward system.

Beam token use cases

Transaction Fees: The BEAM token can be used to pay for transaction fees on the Beam network so that users can conduct secure and efficient transactions without incurring additional costs.

Governance: BEAM tokens are used for governance activities. Token holders have the opportunity to vote on suggestions and influence the direction of the Beam network.

Network Security: BEAM plays a pivotal role in safeguarding the Beam network against unauthorized access and malicious attacks, thereby maintaining the integrity and trustworthiness of the platform.

Staking Rewards: BEAM token holders can stake their tokens and earn rewards. By staking in the Beam DEX and BeamX DAO, they can participate in the network's liquidity and governance.

Economic value

Beam token has a maximum supply of 262,800,000 BEAM with a circulating supply of 148,152,520 BEAMs. BEAM is emitted through a PoW mining process, starting at 100 BEAM per block and halving annually until the fifth year, then stabilizing at 25 BEAM per block. As of the latest data, the token distribution among major holders is approximately 35% investors, 45% Beam Core Team and Advisors, and 20% Beam Foundation.

Challenges

The Beam token (BEAM) is new in the cryptocurrency market, launched in October 2023. This relatively recent entry into the blockchain space means that historical data for analysis is limited, which can impact the accuracy of short-term price predictions. 

External events and unforeseen developments are also capable of significantly altering the token's price, adding an element of uncertainty to short-term forecasts. Furthermore, like many cryptocurrencies, Beam may encounter regulatory challenges that could impact its adoption and stability, underscoring the importance of staying informed about the regulatory environment in which it operates.

Disclaimer

This article is for informational purposes only and should not be interpreted as financial or investment advice. The views expressed herein represent solely the opinion of the author and are not intended to provide specific trading or investment recommendations. We do not guarantee the accuracy, completeness, or reliability of the information contained in this article. The cryptocurrency market is known for its high volatility and unpredictable fluctuations. Investors, traders, and anyone engaging with cryptocurrency are advised to conduct thorough research, consider a variety of perspectives, and acquaint themselves with applicable local regulations prior to making any investment decisions.

FAQ

You can purchase BEAM on Wigwam ERC-20 wallet or on various cryptocurrency exchanges, including Binance, Bybit, DigiFinex, BingX, and BiKing.

Yes, you can stake BEAM tokens within the BEAM DEX and BeamX DAO and earn the reward.

You can view your Address activities on the BEAM Blockchain Explorer.

In your crypto wallet app, find the option to add a new token or coin, select "Beam" from the list, and enter the token symbol (BEAM) and contract address.

  1. Token Contract Address: 0x62D0A8458eD7719FDAF978fe5929C6D342B0bFcE
  2. Token Symbol: BEAM
  3. Decimal Precision: With 18 Decimals
  4. After entering the token details click on “Save” to add the BEAM token to your wallet.

Like all cryptocurrencies, there are inherent risks associated with buying BEAM, such as volatility in price, regulatory changes, and technological issues. It's recommended to conduct thorough research and consult with a financial advisor before making any investment decisions.