BEAMUSDT Beam Foundation has introduced Beam Nodes
With the Horizon upgrade, the Beam Network transitions to a permissionless, proof-of-stake consensus mechanism.
Node Token Mint opens next week.
Initial Node Token Mint ▫️Mint fee: $1,250 during week 1, then $3,750. ▫️Payment in BEAM, USDC, ETH, or AVAX (week 1). ▫️After week 1, BEAM only. ▫️Mint fees paid in BEAM will be autonomously burned. USDC ETH, and AVAX will be autonomously swapped to BEAM and burned.
Validators and delegators earn two types of rewards: 1. Primary Rewards: Gas fees paid in BEAM. 2. Secondary Rewards: Protocol fees from BeamSwap, Beam Bridge & Sphere. Validator incentive grant tokens like ATH, SAGA, ZENT and many more.
After the Horizon upgrade (targeted by the end of January 2025), you’ll need at least the following to run a validator node: 1. 20,000 BEAM. 2. 1 Node Token. 3. Hardware requirements (More on Medium). 4. Fee paid to the Avalanche P-Chain (approx. 1.33 AVAX a month).
Beam Node Delegation ▫️No minimum stake - 1 BEAM or 1 Node Token is enough. ▫️Maximum 50,000,000 BEAM and 1,000 Node Tokens.
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