1Beam is building a decentralized application ecosystem, based on the Moonbeam ecosystem.
The main product - 1Beam stableDEX, a decentralized stablecoin exchange that allows users to efficiently exchange stablecoins and pegged assets with a swap fee of just 0.04% and near-zero slippage.
Liquidity providers can earn by providing capital to underlying liquidity pools. Liquidity providers earn 1Beam ($1BEAM) incentive tokens by farming LP tokens or staking tokens.
1BEAM is minted continuously for 36 months with a fading issue pattern. This means that 1BEAM will be emitted at a gradually decreasing rate. Each month, 1BEAM stablecoin inflation and the 1BEAM/GLMR liquidity reward are reduced by 10%. More than 60% of the supply will be distributed in 1 year, and more than 90% in 2 years. This approach significantly rewards providers of early liquidity and ensures price stability by reducing inflation continuously.
Other features:
| 1 | 1BЕAM will initially be listed on Stelleswap as a 1BЕAM/GLMR pair with just a couple of minutes farm rewards for maximum fairness. |
| 2 | 1BEAM had a fair launch - no team premining, no venture capital, no IDO, no presale. |
| 3 | 5% of the total supply is being distributed to 1SWAP token holders via airdrop. These airdrops are released once a month for 24 months. |
In regards to farming rewards, the airdrop is also released after 3 months and is subject to a 50% early withdrawal penalty. Each month, a snapshot of 1SWAP holders will be taken and allocated 1BEAM tokens will be distributed pro rata.
The audit of the smart contract has been verified and can be found at the link.