The $MC token is expected to be used for gas fees and network verification on the Beam subnet.
Merit Circle DAO, a growing global digital community focused on the development of the gaming infrastructure of the future. announced The launch of the gaming subnet Beam built on Avalanche (awax) blockchain. With a sole focus on revolutionizing the gaming industry, Merit Circle DAO has announced that Web3 developers seeking to build the next generation of gaming protocols can now tap into the Beam Network.
A Closer Look at Beam Network by Merit Circle DAO
Merit Circle DAO developed the Beam subnet on the Avalanche blockchain with the sole purpose of catering to gamers and game developers. Specifically, the $MC token is expected to be used for gas fees and network validation on the Beam subnet. As a result, $MC holders will benefit from increased token burn from the Beam network.
Beam Merit Circle will empower DAOs and $mc like never before.
$mc The gas token for the beam will be
$mc Network will need to be validatedThe beam forms a continuous loop of burn and drives the value $mc and Merit Circle DAO.https://t.co/lnPRbbsKz
– Merit Circle (@MeritCircle_IO) April 18, 2023
Beam Network already enjoys a vast global community with over 60 participating games, dozens of contributors, developers, tools and investors. As a gaming protocol, Avalanche Network ensures that it receives minimal fees for fast transactions. Beam Network allows gaming developers to focus on building better on-chain games by providing a seamless smart contract onboarding process.
Several gaming projects have already been launched on the Beam network. Trials, the extreme gaming project that has attracted over 250 million downloads globally, is slated to launch on the Beam Network. Initially, Trial Extreme will launch a trial alpha to collect user feedback before launching the full game. Another exciting game launching on the Beam subnet is Walker World powered by Unreal Engine 5.
Hash Rush is another exciting game expected to launch on the Beam network. The Edenhord Eclipse gaming project is also expected to launch on the Beam subnet.
Each gaming project on the Beam network will have its own USDC/MC liquidity pool to facilitate seamless swapping of tokens.
Specifically, using the Beam network, gamers can tap into the Circle DAO native to the US. nft market to buy their desired digital collectibles.
big picture
The development of Beam by Merit Circle DAO is a huge plus for the Avalanche ((AVAX) ecosystem that it intends to differentiate. Ethereum The network as the king of smart contracts. With a market capitalization of approximately $6,855,456,373 and a 24-hour trading volume of approximately $262,328,821. Avalanche has a total value locked (TVL) of approximately $882 million, according to aggregated market data from Defilama. some top DeFi Protocols built on the Avalanche Network include AAVE, BenQ, GMX, and Stargate, among many others.
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