Baem development will be transferred to a non-profit organization


    Baem, a young anonymous cryptocurrency, is changing its form of management and now it will be handled by a specially created non-profit Beam Foundation.

    The Beam Foundation will include 7 people, at the moment 4 delegates have already been selected from among the project advisers. They will make decisions by simple vote, but in future plans to build a full-fledged decentralized organization.

    To finance the fund, 20% of tokens will be allocated from the developers' stocks, they will also receive 5% of all coins mined by miners within 5 years.

    See also  Algorand Project Announces Massive Protocol Update

    Related News

    Leave a Reply

    Your email address will not be published.

    Go up

    We use cookies to understand how you use our website and to improve your experience. This includes personalizing content and advertising. By continuing to use our site, you accept our use of cookies.