INTRODUCTION TO BEAMX DAO

INTRODUCTION

With a history of DAO traced to BitShares, Steemit and EOS (Block.one) founder Dan Larimer in 2015 as the first propounder, and further refined by Ethereum’s Vitalik Buterin in 2016.

BeamX DAO

The common understanding of DAOs towards the late 2019 probably was more about decentralized collateralization. However, the increased awareness around decentralized finance (DeFi) protocols in the early 2020 increased their popularity as many yield farming and decentralized exchange (DEX) platforms became dependent on it for governance.

  • Governance.
  • BEAMX tokens distribution.
  • Confidential decentralized Application.

Governance

Governance opens Beamer to proposals, creation rights. Anyone holding the BEAMX tokens can and should participate in the governance by staking the tokens in a voting contract on the Beam blockchain. suggestions are considered based on a value added to the ecosystem and are open to any area of thought such as incentivizing, collections for confidential NFTs etc; and are passed through voting on Beamer community.

BEAMX tokens distribution

Also known as Confidential DeFi Token (BeamX token), is a Confidential Asset issued on top of the Beam blockchain with a fixed emission of 100,000,000 units, with exclusive emission management by DAO Core contract.

Confidential decentralized Application

Beam is a privacy-by-default and maximum confidentiality blockchain that conceals wallets & transactions metadata using privacy protocols. BeamX brings a unique all-new privacy-by-default and maximum confidentiality DeFi ecosystem, powered by the BEAMX token & governed by the BeamX DAO. Learn more

CONCLUSION

Understanding the unique role of individuals/investors in an ecosystem is most eminent, Making Governance an essential factor in the Crypto-space. Beam in condescension with this view has opened the beamX DAO giving Beamers full control of their stake with broad alignment of interest and application development with the mutual aim of driving Confidentiality to the world of blockchain Decentralization.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Samuel Andrew Ufuoma

Samuel Andrew Ufuoma

Crypto enthusiast, community developer, content creator and brand promoter...