Beam
About Beam
Beam, founded in 2018, is a confidential decentralized finance platform. It operates on two distinctive blockchain protocols, LelantusMW and Mimblewimble, to foster transaction anonymity. The early cryptocurrency industry believed that transactions within public-blockchain cryptocurrencies like Bitcoin were untraceable. However, with the evolution of blockchain analysis, it is now clear that these transactions can be traced back to the sender, compromising their privacy. Beam counters this issue by innovating methods to enhance the anonymity of transactions, balances of addresses, and user identities.
In the last hour, Beam's price has seen a change of +0.58%, and over the past 24 hours, its price has moved by -0.80%. Over the previous week, Beam's price has moved by -18.48%. The current price of Beam is $0.004060, accompanied by a trading volume of 8.221M in the last day. Beam's price is currently 90.84% below its all-time high of $0.04434, which remains the highest price Beam has achieved since its launch. The circulating supply of Beam stands at 50.32B, translating to a total market capitalization of 204.3M.
Market stats
Frequently asked questions
How to invest in Beam?
Rain offers you a number of ways to start investing in Beam, including buying Beam through bank transfers or by using your bank card. To purchase Beam on Rain, you can select Beam in your Rain account, then click Trade and select Buy. Enter the amount you wish to buy and click Next to review and confirm your purchase.
What is a Beam wallet?
A Beam wallet is where you can securely store Beam. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Beam address?
A Beam address is a string of unique characters that is tied to your Beam wallet. The address functions just like a bank account number and it is what you use in order to send Beam from your wallet, or to receive Beam to your wallet.
What is the minimum order size to buy Beam?
You can trade Beam with any amount above $30 or equivalent in your account's currency. You can start trading Beam now by clicking the Trade button on your Rain account.
What are the most popular cryptocurrencies besides Beam?
Besides Beam, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What will the price of Beam be in next 5 years?
Price predictions for Beam over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Beam taxable?
Trading Beam may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Beam's ATH?
Beam’s all-time high (ATH) was $0.04434 on 10 Mar 2024. This represents the highest recorded market price of the asset to date.
When will Beam be available on Rain?
We’re always working to expand our listed assets. While we can not provide a specific listing date for Beam just yet, stay tuned for updates by following us on our official social channels like X.
What is the market cap of Beam?
With a market capitalization of 204.3M, Beam is ranked 116 among other crypto assets.
What is the all-time high of Beam?
The highest valuation of Beam since its launch was at $0.04434, marking its all-time high.
What is the 24-hour trading volume of Beam?
The trading activity of Beam over the last 24 hours was at 8.221M, highlighting its liquidity in the market.
How many Beam are there in circulation?
There are approximately 50.32B units of Beam currently in circulation, affecting its market dynamics.
What is the relative popularity of Beam?
Beam market cap is around 204.3M.
When was Beam created?
Beam was introduced on 26 Oct 2023.