What Is Beacon (BECN)?

Beacon is an essential cryptocurrency ecosystem that sustains numerous revenue-generating platforms. Beacon has been created and originated with scalability as one of the priorities. Therefore, the team offers the possibility for an infinite number of platforms that lead to existence within the Beacon ecosystem. Here, each platform delivers utility for the token while also supplying added funding for the unique Beacon Foundation. 

The basic utility of the Beacon token (BECN) is a wide range of charitable endeavors. By starting small with the local communities and developing into a multi-national organization over time, Beacon aims to focus on doing effective work worldwide and making a better world via the blockchain.

Beacon uses a vital Decentralized Autonomous Organization (DAO) format. The DAO model helps the team choose and advance initiative concepts and other project-based judgments. Also, DAO is important to the project's long-term growth to have all stakeholders in the decision-making procedure. Beacon has strongly established that shareholders should voice the foundation's influence in the real world on a big, international scale.

Beacon shares the real, positive impact cryptocurrency can carry on communities. Besides a modified DAO, block rewards are divided between staking wallets, token holders, and a Treasury that obtains around 7% of block rewards.

With charity as another priority, the Beacon team knows that funding the initiatives takes funds, and block rewards cannot be the only funding source. Hence, the team aims to grow Beacon's influence through multiple revenue-producing platforms to join the Beacon ecosystem, either via acquisition or growth.

History of Beacon (BECN)

Patrick Tompkins is the founder of the token. The maximum supply of Beacon coin (BECN) is 84,000,000.