Merit Circle launched a new project from its Decentralized Autonomous Organization (DAO) called Beam, a gaming-focused blockchain that hopes to host different web3 games.

The metaverse-focused DAO claims Avalanche, a well-liked layer-one blockchain and Ethereum competitor, powers Beam, a sovereign network targeted specifically at gamers and game creators.

In this blog, let’s overview Beam and how to buy BEAMX tokens in India in 5 simple steps.

What is Beam?

Beam (BEAMX) is a gaming-centric blockchain that Merit Circle recently launched. Beam, one of the DAO’s largest projects, transforms the way blockchain is used for player experience, game creation, and the trading of gaming assets. Beam uses Avalanche (AVAX) as a subnet. All game assets can be minted as omnichain NFTs with Beam because it integrates with LayerZero, an interoperability omnichain protocol, making it simple to move them between chains.

How Does Beam Work?

• Leveraging Avalanche Architecture:

Beam utilizes the base architecture of Avalanche, providing users with a framework featuring fast processing times and low fees. These advantages are crucial for players and game developers in the dynamic world of Play-to-Earn (P2E) games.

• Independent Validators on Beam:

Operating as a typical Avalanche subnet, Beam maintains its set of validators. Currently, there are eight block validators on the platform’s mainnet. As Beam is relatively new to the public, the number of validators is expected to increase as the platform evolves.

• Potential Validator Growth:

With Avalanche subnets having their validator sets, any validator on the broader Avalanche network can contribute resources to any subnet, including Beam. As Beam matures, it has the potential to attract additional high-quality validators from the extensive Avalanche platform.

4 Things to Remember Before Choosing a Crypto Exchange in India

You must do thorough research when choosing a crypto exchange to invest or for crypto trading in India. You must research the authenticity of the platform and the credibility of the team behind it before deciding on an exchange to invest in Beam crypto in India.

You should also ensure the platform provides the following before investing in Beam:

• The exchange’s website/app has a simple user interface and is easy to use.
• The exchange supports Beam trading pairs.
• The exchange employs state-of-the-art security measures and does not compromise when it comes to regularly upgrading it. Try to avoid exchanges that do not have a KYC protocol in place.
• The exchange offers reasonable trading fees to buy crypto in India.

Now, let’s see how you can buy Beam (BEAMX) tokens in India from the most trusted exchanges in India in 2023.

Buying Beam (BEAMX) Tokens in India in 5 Easy Steps

Below are a few simple steps you can follow to buy BEAMX tokens in India with WazirX, India’s most trusted and widely used crypto exchange.

The best way to buy BEAMX tokens is by depositing INR in your WazirX wallet. Alternatively, you can also buy BEAMX using P2P trade; to get answers to all your queries related to the P2P trade, click here!

Step 1 – Sign-Up on the WazirX platform

To begin buying and selling BEAMX, you are required to create an account on the WazirX platform by signing up. Also, you can directly login if you have an account already on the platform.

For your reference, here’s how you can open an account on WazirX.

Step 2 – Set up your account security by verifying your email address.

This step is about verifying your email address. After you sign up on the WazirX platform, you’ll get a verification link on your registered email. By clicking on that link, you’ll get two options to ensure the security of your account – the authenticator app and mobile SMS.

Note: The authenticator app is a more secure way to stay safe when compared to mobile SMS because there’s a risk of delayed reception or SIM card hacking.

Step 3 – Complete the KYC process.

After choosing your country, you can proceed with completing the KYC process. Click here for a detailed overview.

Note: You must complete your KYC to be able to trade P2P or withdraw funds on the WazirX app.

Step 4 – Add funds to your WazirX wallet.

To add funds, simply go to your account on the WazirX app or web. Click on “Funds” and then on “Deposit INR.”

You can deposit INR using any mode (NEFT/ RTGS/ IMPS).

You can also buy BEAMX through P2P to the WazirX wallet. The BEAMX will act as funds to help you buy your favorite Cryptos.

Step 5 – Finally, buy BEAMX on WazirX.

You can now easily purchase BEAMX tokens using USDT Deposits. In the case of P2P trade, check the BEAMX to USDT from here.

After logging in to your WazirX account, you can choose INR from the “Exchange” tab. You can also check all the price charts, order book data, and an order input form on the right side of the screen.

Click “Buy” after entering the amount and checking the total INR amount to be paid.

Your order will be placed according to the price you have input. And, in the case of P2P trade, a seller willing to sell at a price will be notified, and then you can exchange the BEAMXs using P2P.

It might take a few minutes for the order to be completed, but as soon as it is executed, you will receive the BEAMX tokens you purchased in your WazirX wallet.

Happy Trading!

Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.