Coinbase Opens a New Window of Opportunity for BEAM

Coinbase’s listing roadmap serves as an early announcement of tokens the exchange is evaluating for future support. Being added to this list means that a project has successfully passed preliminary assessments related to technical suitability, security, transparency, and regulatory compliance. BEAM’s inclusion sets the stage for closer monitoring by institutional investors.

Beam is known as a player-focused token project designed for Web3 gaming ecosystems, offering a highly scalable and fast infrastructure. BEAM provides strong tools for managing in-game assets, reward mechanisms, and on-chain user activity. Its appearance on Coinbase’s radar highlights the project’s potential.

What Is Beam (BEAM)?

Beam (BEAM) is a blockchain-based gaming network aiming to transform the gaming sector through decentralized technology. Managed by Merit Circle DAO, Beam provides an ecosystem that empowers developers and players to shape the future of the gaming industry. At the core of this network lies the Beam SDK, a modular software development kit that enables game creators to integrate blockchain technology into their games—offering a unique and seamless gaming experience.

The network’s native cryptocurrency, the $BEAM token, is used for transactions and smart contract interactions within the platform. $BEAM facilitates both asset transfers and more complex in-game interactions. This comprehensive system ensures the efficient operation of the network and enhances user experience in games.

BEAM’s Addition Sparks Excitement in the Community

Following the announcement, BEAM community members and market participants believe that interest in the project could increase. While inclusion in the roadmap does not guarantee an immediate listing, a large portion of assets previously announced in this manner eventually began trading on Coinbase. For this reason, investors are closely watching the probability of BEAM being included in trading pairs.

Coinbase statement:

“Asset added to the roadmap today: Beam (BEAM). We continue to transparently share projects with the community prior to listing.”

Coinbase’s Transparent Listing Process Gains Importance in the Industry

Coinbase’s roadmap strategy is aimed at reducing speculation and increasing user trust. This approach lets investors see which projects are under evaluation ahead of time, enabling them to adjust risk management strategies accordingly.

The inclusion of BEAM also reflects Coinbase’s growing interest in Web3 gaming infrastructure projects. Recently, institutional interest in gaming ecosystem tokens has been increasing, making projects like BEAM more visible.

Conclusion

BEAM’s addition to Coinbase’s listing roadmap is a strong development that enhances the project’s global visibility. This move not only raises expectations within the BEAM community but also signals broader support from exchanges for the Web3 gaming ecosystem. If the process moves forward positively, BEAM could eventually start trading on Coinbase—bringing increased liquidity and access to a wider user base.

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The post Coinbase Adds a New Altcoin to Its Listing Roadmap! appeared first on Coin Engineer.

What is Beam?

The $BEAM token, the native cryptocurrency utilized for transactions and platform smart contract interaction, is the core of the Beam network. Using $BEAM as the gas token, beam allows both asset transfers and more intricate game interactions to be handled. This all-encompassing system guarantees effective operation of the network and improves the user experience in games.

Beam stands out for emphasizing the need of offering a distributed autonomous organization (DAO) structure. The network is under control by the early 2021 Merit Circle DAO. This enables $BEAM holders to actively engage in the governance process, therefore influencing important choices determining the course of the Beam ecosystem.

Ecosystem and Governance

The Merit Circle DAO drives Beam’s governance architecture and is therefore quite important in guiding the project’s course. Gamers, token holders, and other participants—including businesses and other DAOs—can all help the network succeed thanks to the distributed governance. This distributed and cooperative strategy helps the community to be empowered and guarantees that the project develops in line with the requirements of its participants.

Apart from being the governance token, $BEAM also helps to create a buyback and burn mechanism, so gradually lowering the circulating supply. This creative technique guarantees the long-term viability of the project and helps control tokenomics.

Market Data and Current Status

Beam’s price as of the most current figures is $0.01444; daily rise is 2.06%. Supported by a strong 24-hour trading volume of $19.43 million, the market cap has climbed to $714.51 million, an amazing 178.59%. With a total supply of 62.43 billion BEAM, Beam has 49.47 billion BEAM on circulation.

Technical Analysis: Support and Resistance Levels

Several important support and resistance levels are presently noted for traders and investors in the Beam ecosystem. Setting a first support level at $0.01378, the second support level is at $0.01019. Beam encounters first resistance at $0.01551 and second resistance at $0.02083 on the other side. These levels enable traders to decide on strategic entrance and exit opportunities and provide understanding of possible price swings.

Future Outlook for Beam

Beam is a multifarious blockchain ecosystem including privacy, distributed governance, and gaming technologies, not only a game platform. Beam guarantees that transactions are safe and private by using the Mimblewimble protocol, a necessary ability in the digital terrain of today. The network’s development into the gaming sector improves its value proposition even more since it offers a rich habitat for both developers and users.

Under the Merit Circle DAO, Beam’s governance and tokenomics will be crucial in defining the future course of the project as it keeps expanding and adding fresh features under development. Beam is positioned to be a significant participant in the blockchain and gaming sectors given a growing community and strong technology basis.

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The information in this article does not provide any investment advice.

The post Beam (BEAM): A Blockchain-Based Gaming Network appeared first on Coin Engineer.

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However, from December 25, withdrawal transactions for these tokens delisted by Binance will not be supported. During this period, users will be able to continue to see their token balances remaining in their Binance wallets.

The 12 tokens delisted by Binance are as follows:

Aion (AION), Beam (BEAM), Bitcoin Diamond (BCD), GoChain (GO), Neblio (NEBL), Nebulas (NAS), Neutrino Token (NSBT), Nexus (NXS), Viacoin (VIA), Skycoin (SKY), Songbird (SGB) and YOYOW (YOYO).

In addition, Binance announced that it will convert to USDT based on users’ assets in their Binance wallets as of the snapshot time at 03:00 on December 26, 2023, for the BEAM, BCD, GO, NEBL, NAS, NSBT, and SGB tokens.

Binance Exchange will then replace these seven tokens in users’ wallets with an equivalent amount of USDT until June 25, 2024. The conversion process will be carried out based on the average token USDT exchange rate between 03:00 on December 26, 2023 and 02:59 on June 25, 2024.

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