What is Beam (BEAM)?

Beam (BEAM) is the native token of the Beam ecosystem, a community-driven blockchain environment specifically designed for forming applications. It lets gamers and developers collaborate and engage in immersive gaming experiences without compromising their privacy and confidentiality. One of the key features is the Beam SDK (Software Development Kit), which allows game developers to choose between multiple tools for creating their in-game blockchain elements.

How Does Beam (BEAM) Work?

Beam is a gaming blockchain that works to connect gaming enthusiasts, especially gamers and developers. It lets developers create the next breakthrough game with its SDK and allows gamers to find the best gaming experiences.

For consensus, Beam currently leverages a reputation-based model called Proof-of-Authority (PoA). This set-up includes trusting only a selected group of authorities with a high reputation for authenticating transactions. This model relies on the high reputation of selected participants, who get hand-picked based on their trustworthiness. Since participants for validation are pre-approved by the system, it takes less time to verify the transactions, leading to faster speed and better scalability. However, it will soon undergo the Horizon upgrade, transforming it into a proof-of-stake (PoS) consensus. Then, users will be able to secure the network as a node by either staking at least 20,000 BEAM or delegating their tokens to other nodes. In return, they will get a share of the transaction fee, gas fee, and other incentive grants from BEAM tokens.

The gas fee collected by the platform is divided into two categories: The validator share and the burn share. While the former goes to reward validators who stake their holdings to secure the network, the latter goes to buy back BEAM tokens from the market and burn them to maintain the token supply.

Furthermore, Beam is compatible with Ethereum Virtual Machine (EVM). This cross-chain alignment lets developers effortlessly port Ethereum-based applications onto Beam for better performance and experience. However, one needs to acquire specific rights by 4 out of 8 multi-signatures owned by those powering its PoA consensus. This strategic move adds an additional layer of security and quality to the Beam ecosystem.

How to Buy Beam (BEAM) in India?

There are many platforms where you can invest and Buy Beam (BEAM) in India.

One such platform is Flitpay. To buy BEAM in INR, you have to sign up to Flitpay, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, ensure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy BEAM and execute the purchase.

You can instantly convert your INR to BEAM and BEAM to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

What to Do After Buying Beam (BEAM)?

BEAM can be used to buy other cryptocurrencies after converting them to INR through crypto exchange platforms like FLITPAY. You can also hold the BEAM till it reaches a high price, and then you can sell it through Flitpay's OTC order facility. Users can earn significant profits from buying it at a lower price and selling it at a higher price.

FAQ

What is Beam (BEAM)?

Beam (BEAM) is the native token of the Beam gaming blockchain. It powers transactions, governance via Beam DAO, and soon, network security through staking after the Horizon upgrade. Its buy-and-burn mechanism maintains supply, and EVM compatibility enhances cross-chain integration.

What is the BEAM price in India?

Check out the current INR price of BEAM crypto in India on Flitpay.

Which is the best crypto exchange in India to buy Beam (BEAM)?

Flitpay is the best cryptocurrency exchange in India to buy BEAM,buy Dogecoin or your favourite cryptocurrencies. Flitpay supports instant UPI and bank deposits and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.

Why Choose Flitpay to Buy Beam (BEAM)?

Flitpay crypto exchange stands out as the most reliable and secure platform to buy BEAM crypto and other cryptocurrencies in India. Here's why:

• Swift and Secure: Flitpay's quick buy/sell feature allows investors to buy BEAM swiftly within seconds. Flitpay has also implemented robust security measures, including 2FA at various stages, and integrated multi-party computation (MPC) technologies to protect customers' invaluable investments.
• 99.9% Uptime: The robust build and interface of Flitpay ensure 99.9% uptime, allowing you to access your BEAM investments anytime without any hitches or glitches.
• Price Alerts: Flitpay's timely price notifications and alerts keep investors updated with price changes, allowing users to easily seize the right opportunity to buy or sell BEAM, even when offline.
• Instant Deposits and Withdrawals : Access your funds hassle-free through instant deposit and withdrawal services. With Flitpay, you can easily convert your BEAM to INR or INR to BEAM and withdraw your funds instantly.

What are the benefits of Beam (BEAM)?

Beam blockchain is designed to enhance privacy and effortlessness in the gaming category. It allows gamers and game developers to interact, collaborate and immerse in advanced gaming. As an integral part of the Beam ecosystem, the BEAM token acts as a multi-utility token. Platform users can pay protocol and transaction fees through it. They can even use their holdings to vote in the Beam DAO. With the Horizon upgrade, the BEAM token will also power the staking-based governance of the Beam platform.

Is it safe to invest in Beam (BEAM) in India?

Yes, investing and trading BEAM is Safe in India. Flitpay is one of India's most secure cryptocurrency exchanges for buying BEAM crypto. It offers real-time prices and advanced investing features.

Where can I Deposit BEAM in India?

You can seamlessly deposit Beam in India on Flitpay. The platform enables secure and fee-free deposits of various crypto currencies including BEAM. For more information on crypto deposits click here.

Where can I withdraw Beam (BEAM) crypto in India?

Your search for secure crypto withdrawals in India ends here. Flitpay is the only crypto exchange that facilitates hassle-free crypto withdrawals in India with minimal or no fees.

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