The privacy chain Beam will undergo its second halving in January next year, with the token price rising over 320% in 24 hours

ChainCatcher news, Guy Corem, a board member of the privacy blockchain Beam Foundation, stated that Beam will undergo its second halving in January 2024 (five years after the mainnet launch), marking the end of the Beam Treasury release. Miners (currently limited to GPUs) will mine 20 new Beam per minute instead of 40. The second halving also coincides with Beam's circulation reaching 60%. Additionally, Beam engineer @Vlad38604806 is considering upgrading Beam's L1 to the Kaspa DAG Knight variant. According to CoinGecko data, the BEAM token has surged over 320% in the past 24 hours.

According to the Beam official website, Beam adopts a fair distribution model with no pre-mining or ICO, following a deflationary issuance plan that starts with 100 BEAM per block and halves regularly. The total supply is 262,800,000 BEAM. In the first five years (until January 3, 2024), 20% of the block issuance revenue will go to the Beam Treasury.