Wrapped BEAMPrice

(WBEAM)

There are two distinct projects often confused by the community. Beam (Gaming) is an Avalanche subnet developed by the Merit Circle DAO for Web3 gaming, with BEAM as its native token. Beam (Privacy) is an independent Layer 1 blockchain utilizing the Mimblewimble protocol for confidential transactions. If you migrated from Merit Circle (MC), you likely hold the Gaming version. If you use a privacy-focused desktop wallet for mining, you likely hold the Privacy version. These are unrelated assets and cannot be directly swapped for each other.

The migration from MC to BEAM follows a fixed ratio of 1:100, meaning 1 MC token converts to 100 BEAM tokens. Users typically perform this migration through the official portal provided by the Merit Circle DAO. While the general deadline was set for October 2024, certain extensions may be available through DAO governance. It is essential to use the official project links and verified contract addresses to ensure a secure migration process.

Tokens may not appear if the wallet is not configured for the correct network or if the token contract has not been imported. You must add the Beam Mainnet RPC settings to your web3 wallet. Additionally, you need to manually import the specific contract address. For Gaming BEAM on Ethereum (ERC-20), use 0x62d0a8458ed7719fdaf978fe5929c6d342b0bfce. On the Beam Subnet, the wrapped address is 0xD51BFa777609213A653a2CD067c9A0132a2D316A. Always verify these addresses through official documentation or reputable market trackers.

The official bridge for the Beam ecosystem utilizes LayerZero technology to facilitate the movement of assets between the Ethereum mainnet and the Beam Avalanche subnet. This allows users to transfer tokens into the gaming environment for use in various decentralized applications. Users should always confirm they are interacting with the legitimate bridging interface to prevent potential security issues and ensure their assets are correctly routed to their destination wallet.

On the Beam Gaming subnet, wBEAM is essential for decentralized finance activities. It is frequently used to provide liquidity for trading pairs on decentralized exchanges and is necessary for specific smart contract interactions. Much like Wrapped Ethereum (WETH) on its native chain, wBEAM allows the network's gas token to function within standard ERC-20 protocols, enabling broader utility for gaming-related DeFi applications and governance within the Merit Circle ecosystem.

No. While the native Privacy Beam blockchain provides confidential transactions through the Mimblewimble protocol, wrapping the token into an ERC-20 format (wBEAM) for use on Ethereum or other EVM chains removes all privacy protections. Once wrapped, all transaction data becomes public and traceable on standard block explorers. To wrap Privacy Beam, users must use the dedicated bridge in the native desktop wallet, which mints wBEAM (Address: 0xE5AcBB03D73267c03349c76EaD672Ee4d941F499) to a compatible Ethereum address.