Dec 23, 11:21 PM

Beam Mints 57,959 Node Tokens Worth $72M; $52M in $BEAM Burned, Mint Fee Increases to $3,750

Beam, an Avalanche Layer 1 blockchain, has successfully minted 57,959 Node Tokens, generating a total value of $72 million. The minting process saw a significant increase in the mint fee, which rose to $3,750 on December 24, 2024, at 01:21:59 AM UTC. Prior to the fee increase, the discounted mint fee was $1,250, with the last opportunity to purchase at this rate ending just hours before the hike. Additionally, during the minting process, 1,741,942,255 $BEAM tokens were burned, valued at approximately $52 million. The Node Tokens can be minted across various networks, including Beam Network, Ethereum Mainnet, Avalanche, Arbitrum One, and Base, and can be purchased using multiple currencies such as $BEAM, $AVAX, $ETH, and $USDC.