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Beam team to launch staking and governance token BEAMX

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Developers of Beam’s confidential DeFi platform will launch the BEAMX governance token and add staking. According to ForkLog, representatives of the project said.

BEAM token holders will be able to receive BEAMX coins from October 21, 2021 through staking in the DAO Core app, pre-installed in the Beam desktop wallet. According to the plan, the team will distribute 1 million BEAMX tokens as an additional incentive for early stakers over three months.

Governance token holders will be able to participate in shaping the BeamX ecosystem roadmap by voting for proposals created by the community, or for the distribution of BeamX DAO funds.

In May, the Beam team attracted $2 million from investors.

In June, the project’s developers presented an updated roadmap for the Beam blockchain development and the launch of BeamX confidential DeFi infrastructure.

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