The Beam Staking Campaign Comes to a Close!
The Beam Staking Campaign, which launched on October 21 2021, finally comes to an end after distributing 1,000,000 $BEAMX to $BEAM stakers over the course of 131,400 blocks (or 3 months). The first-ever round of $BEAMX staking was a monumental success, locking up ~20% of $BEAM’s total circulating supply across ~78,000 wallets throughout the staking campaign.
You can now withdraw your $BEAM from the smart contract and claim all your $BEAMX staking rewards.
Vote in the Beam DAO
The next step in fulfilling our vision of creating a community-governed confidential DeFi ecosystem is the launch of the Beam DAO voting dApp. $BEAMX holders can use the dApp to vote on proposals and developments of the protocol
20% of the $BEAMX total supply is locked in the DAO treasury to fund projects and developments based on community approval, conducted via voting. Read more about the Beam DAO Voting & Governance process here.
The Beamer community now holds 1,000,000 $BEAMX rewarding them with an initial voting power of ~20%. This voting power will gradually increase as more $BEAMX is minted through the “adoption and liquidity mining” programs constituting 36% of $BEAMX’s total token supply.
Out of the 20% investor allocation, 9.5% has been sold to investors, leaving the remaining 10.5% unclaimed for funding rounds in the future.
Gear Up for Upcoming Yield Generating dApps
Word has it that in February, stablecoins & DEX will join the growing dApp family, bringing along yield farming opportunities for liquidity providers & stakers. Further along, in 2022, expect an Ethereum bridge, additional dApps & play-to-earn games.
Come discover Beam and join our community!
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