Beam

BEAM serves multiple functions within the Merit Circle ecosystem:

1. Gas Token: It is used to cover transaction fees within the Beam network, which powers gaming and NFT transactions.
2. Validation and Delegation: BEAM holders can validate transactions on the network, and future plans include delegation capabilities, allowing users to delegate their BEAM tokens to validators.
3. Governance: BEAM is used in Merit Circle’s decentralised governance, allowing tokenholders to vote on proposals related to the ecosystem's growth and operations.
4. Payments and Digital Assets: BEAM facilitates payments for NFTs and other digital assets on platforms like Sphere, the gaming marketplace integrated with the Beam network.
5. Game Development: Through the Beam SDK, developers can integrate blockchain features into their games, enabling digital ownership, trading, and seamless player interactions.

BEAM was developed by Merit Circle DAO, a decentralised autonomous organisation focused on revolutionising the gaming industry by integrating blockchain technology. Key figures in the organisation include:

• Marco van den Heuvel, Co-founder and CGO, who previously worked in community management and marketing roles before co-founding Merit Circle in 2021.
• Tommy Quite, Co-founder and CFO, with a background in the Bitcoin Foundation and venture capital.
• Brandon Aaskov, CTO, bringing expertise from his time as Global Crypto Lead at DEPT and years of experience as a software engineer.
• Thale Sonnemans, COO, with a history in business administration and creative production, previously founding several startups before joining Merit Circle.