According to TechFlow, the blockchain game guild Merit Circle announced that it will migrate its token $MC to $BEAM on October 26 to adapt to the needs of the Merit Circle ecosystem. Users only need to go to the official website, connect their wallet, and press the migration button to complete it.

Each $MC will be converted into 100 $BEAM tokens, and the migration period will last at least 12 months.

The $BEAM token will be the native token of the Beam network and will have multiple uses, including as a fuel for blockchain games and a governance token for DAO fund management.

$MC tokens that have not been migrated will remain as is, but only token holders will have the right to migrate. The code of the smart contract has been audited.

According to previous news, the blockchain game guild Merit Circle will launch a game-focused subnet Beam based on Avalanche. Beam will become an independent sovereign network that meets the needs of both gamers and game developers. It will provide existing Merit Circle products as well as three new games: Trial Xtreme, Walker World, and Hash Rush.