The privacy chain Beam will be halved for the second time in January next year, and the token price rose by more than 320% in 24 hours

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Cointime2023/12/03 12:24

By:Cointime

Guy Corem, a member of the Beam Foundation Board of Directors, announced that Beam will undergo its second halving in January 2024 (5 years after the mainnet launch), marking the end of Beam Treasury releases. Miners (currently limited to GPUs) will mine 20 new Beam per minute instead of 40. The second halving also marks the time when Beam's circulation reaches 60%. In addition, Beam engineer @Vlad38604806 is considering upgrading Beam's L1 to Kaspa's DAG Knight variant. According to CoinGecko data, BEAM tokens have risen over 320% in the past 24 hours.
According to the Beam website, Beam uses fair distribution with no pre-mining or ICO, following a deflationary issuance plan starting at 100 BEAM per block, halving regularly. The total supply is 262,800,000 BEAM. For the first five years (until January 3, 2024), 20% of block issuance revenue will go into the Beam Treasury.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Cryptopolitan•2024/11/27 03:33