First release: BEAM official staking tutorial
Dear Beam Community
On October 21, 2021, $BEAMX will launch the first BEAM staking campaign, and 1,000,000 BEAMX (or 131,400 blocks) will be issued in the first 3 months.
The following are worth mentioning:
·Your BEAM will be locked in the contract and will not be used for any liquidity supply, thus avoiding BEAM loss due to liquidation or short-term loss.
· BEAM can be withdrawn at any time without penalty.
·BEAMX rewards can be withdrawn at any time.
·Learn more about how BEAM staking rewards are calculated and the math behind them.
We will give you detailed graphic guidance:
Step 1: Download Beam Desktop Wallet
Please download the wallet from the official Beam website.
Step 2: Deposit BEAM into your BEAM wallet
BEAM is available on multiple exchanges
Click the "Receive" button to generate your Beam wallet address.
Copy the address to the desired exchange and send BEAM to your wallet.
In rare cases, the regular address is not recognized by the exchange, please click "More details" and copy the SBBS address:
Please stay online when withdrawing, your wallet will show BEAM.
Step 3: Start DAO Core DAPP
DAPPs appear in the DAPP store within the wallet, and can also be launched directly from the side menu bar.
Step 4: Deposit to BEAM
To start staking, BEAM needs to be transferred from the wallet to the DAO Core DAPP, click "Deposit" to start the process.
Enter the amount of BEAM you want to transfer, the right side of the dialog will help to evaluate the reward, click "Deposit".
Check the amount and click "Confirm".
An "In progress" transaction will be displayed under the Transactions tab.
Wait for the transaction to complete.
Your BEAM should now appear in the DAPP, staking will start automatically and you can deposit and withdraw at any time.
Step 5: Claim your reward
After BEAM users successfully stake their BEAM, they will see BEAMX balanced growth and get rewards at any time, paid block by block, about 60 squares per hour, so BEAMX staking rewards are increasing every minute!
Select "Claim rewards" in the DAPP.
Click "Confirm" to withdraw BEAMX from the smart contract to your wallet.
BEAMX is now deposited into your Beam wallet and the balance is visible at the bottom of the wallet screen.
What's next?
In the near future, BEAMX may be listed on exchanges, and at the same time, from the next desktop wallet release, users will be able to exchange BEAMX for any asset on the Beam blockchain through a decentralized asset swap.
Community governance and voting will also be enabled soon in the DAO Core DAPP, allowing all BEAMX holders to govern the future of the Beam Foundation and the BEAMX DeFi protocol.
