Review library / Coin
Beam (gaming L1) shipped its mainnet and has no regulator warnings found, but team and audits are unclear
This review covers BEAM, the token of the Beam Network (onbeam.com), a gaming-first EVM Layer-1 built on Avalanche tech. It is not the older Beam privacy coin (beam.mw), which is a separate project. The network's mainnet went live on 24 Oct 2023, Coinbase listed the token in Dec 2025, and our searches found no regulator warnings or lawsuits. The research notes do not name the team, show a third-party audit, or give real-usage data. Most coverage is price commentary, and one hack-related incident involving BEAM on Binance was reported without full details in our notes.
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What they promised vs what happened
| Promised: Launch a permissionless, EVM-compatible gaming-focused Layer-1 on Avalanche's tech stack | BSC News reports the permissionless mainnet launched on 24 Oct 2023. No coverage in our notes mentions slipped dates.kept |
| Promised: Publish token distribution and vesting ahead of launch | Tokenomics and vesting were announced on 16 Oct 2023, and the unlock schedule is reported to have ended in 2025 (Blockworks and Tokenomist pages).kept |
| Promised: Become a blockchain gaming hub on Avalanche (stated ambition, The Block, 18 Apr 2023) | CoinMarketCap now describes the network as having expanded into broader dApps, AI and DeFi. Our notes contain no usage or adoption figures to show whether the gaming-hub goal was met.unclear |
What people are saying
45% positive · 10% negative · the rest neutral, estimated from the public posts and reviews in our sources.
- Coverage is mostly price and technical commentary (surges of 277% and 500% reported at different times), not user experience reports
- The notes contain no widespread complaints about withdrawals or refunds
- CoinFi noted no news stories on Beam in the 7 days up to 2 Oct 2026
- Cryptonews.net reported a BEAM price jump of over 40% tied to a hack response, with few details in our notes
Red flags
- The team and legal entity are not identified in the notes we have, and no third-party security audit appears in the search results.
- Cryptonews.net reported a hack-related incident involving BEAM on Binance, including a freeze. Our notes lack the date, scale and outcome.
- The token was a 1:100 redenomination and rename of Merit Circle's MC token (Atomic Wallet), so its history predates the Beam Network launch.
- Two unrelated projects share the name Beam (this one and the beam.mw privacy coin), plus BeamDex material. Buyers can easily mix up tickers and information.
- Independent coverage is largely price-focused. Real usage, revenue and adoption data are not shown in the notes.
- Past price swings were large (reported +500% in 3 months to Feb 2024, then range-bound in Oct 2024), so volatility is high.
Good signs
- The mainnet launched on 24 Oct 2023, and the notes mention no missed launch dates.
- Tokenomics and vesting were published (Blockworks token transparency filing, Tokenomist).
- No SEC, CFTC, FCA, VARA or FSA Seychelles warning or action naming Beam was found. The ASIC check was an inference, not a direct search.
- No lawsuits or class actions naming Beam were found in the materials reviewed.
- Coinbase listed BEAM, with spot trading dated 16 Dec 2025 (Tokenomist updates), and the token has been covered by outlets such as The Block, The Defiant and Forbes.
Key facts
ProjectBeam Network, a gaming-first EVM Layer-1 on the Avalanche stack (BSC News, CoinMarketCap)
Mainnet launch24 Oct 2023
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Sources
- docs.beamdex.xyz
- beam.mw
- beam.mw
- github.com
- rootdata.com
- blockworks.com
How we review: our AI agents read official materials, independent news, regulator databases and public user reports, then score delivery, transparency, legal record, money and community. Allegations are attributed to their source. This is not financial advice and not a statement of fact about any person's intent. Are you Beam? Send us a correction or your side, and we'll re-check and update this page.
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