💰 HOW CAN YOU BUY $BEAM?
It's not super easy, but there are a few options.
First, please know that in most cases (except maybe MEXC and GATE), liquidity will be low. That's a common curse of coins with low market... So, if you want to buy a lot, be prepared to spread your purchase in small pieces. 🔷🔹🔹
You can see a list of available options in https://t.co/WI037eQKNM.
In terms of centralized exchanges, if you stay below certain thresholds (e.g. ~10 BTC), MEXC and GATE won't ask for KYC... until they sometimes randomly do, we don't know why. 👮🪪
CoinEx will certainly ask for KYC. And luckily, NONKYC will never do (as it names implies! 😅).
A more decentralized (and certainly non-KYC'ed) way to buy $BEAM is to bridge $ETH or $USDT from Ethereum and then use the Beam DEX to swap them for $BEAM. Both the bridge dApp and the DEX are available right within the desktop wallet. 🌉
Note that $WBTC and $DAI can also be bridged into Beam, but the DEX pools for those are even thinner.
If the Beam DEX liquidity is too low for your appetite, you can also publish an OTC offer which will be broadcasted anonymously to all wallets for a period of 12 hours. If someone accepts it, the swap will happen automatically. Head for the "Swap" button in the desktop wallet. 🔁
For OTC, I suggest to publish multiple small offers rather than a single big one, so that people can accept smaller chunks if they want...
For the crypto purists, Beam can also do anonymous atomic swaps with many coins (BTC, LTC, ETH, DASH, DOGE...). And guess what... it's all done from within the wallet! I think the broadcast of the offer is currently not working, but you can share its ID elsewhere for people to copy-paste it if they want to accept it… ✨
Lastly, there is also a wrapped version of Beam available on Ethereum, and there's a Uniswap pool for it (the CA is given in https://t.co/WI037eQKNM).
This $WBEAM is a transparent Ethereum token, but you can unwrap it back into the Beam blockchain, by using the corresponding dApp (again... available within the desktop wallet! 😁). 🦄
That's it! Try the one method you prefer, and if you have any question, please ask here on X, in Telegram or on Discord. Beam users will be happy to help! 🤝
Welcome to Beam! 😘
Guys, the whole point of using ZCash is to be in the shielded pool. That’s the very reason ZCash exists: to be a privacy coin.
Thus, the turnstiles protecting against the expansion of a possible inflation bug outside of the pool don’t make the gravity of the whole thing less serious.
Yes, it seems the tech team did a very good job, and we can be happy the good guys caught the thing first (hopefully).
But the concerns about a central entity being able to censor and stop the pool the way it happened are legitimate.
And worrying about the supply in the orchard pool also is.
@sebp888 There are a few other pretty cool asses in crypto (cough, cough… Beam… cough, cough).
But strictly in terms of bad ass, yeah, Monero is king. 👑
@Do_not_sell_ En effet. Je m’en suis aperçu juste après avoir envoyé le message. Developper cette nouvelle tech pendant le raz de marée IA est peut être justement une bonne chose…
I don’t think that argument makes much sense.
I understand the supply can only be controlled when leaving the shielded pool.
Which means you only know the inflation happened once the pool is (theoretically) empty, right?
But that is not supposed to ever happen! The idea still remains that the correct way to use ZCash would be to shield most of the coins, right?
@TheDesertLynx Yes, I suppose. I've never followed him closely, but I hear he has an excessive ego. That might prevent him from clearly seeing the big picture and make him take his own feelings as being representative of the full truth...
from "encrypted Bitcoin"...
to "encrypted Bitcoin !"
Did I get the ZCash Orchard inflation vulnerability right? 😁
(yeah, I know, that's a poor one, just for my math friends... 🤓)
🚨 It's not just ZCash.
Opus 4.8 also found a vulnerability in $USD that allows for unlimited issuance which could theoretically enrich insiders at the expense of all holders
huge breaking