KEY TAKEAWAYS
- DCLM will run Beam Nodes, enhancing the decentralization of the Beam Network and aligning with Noon’s mission to develop a fair stablecoin.
- The partnership between Beam and Noon focuses on community empowerment and innovation, with Noon deploying part of its treasury to boost Beam’s TVL.
- Beam Foundation will receive a portion of the USN supply, promoting fairness and transparency in token distribution.
- The collaboration aims to foster a collaborative environment, maximizing benefits for both Beam and Noon communities.
DCLM, the incubator behind the Noon protocol, has announced its decision to run Beam Nodes, marking a significant step in the collaboration between the two entities. This move aligns with Beam’s community-focused ethos and Noon’s mission to develop a fair and intelligent stablecoin.
The partnership between Beam and Noon is rooted in shared values of community empowerment and innovation. Beam, known for its origins in gaming, emphasizes creating an inclusive environment. Noon, on the other hand, is developing a novel stablecoin, USN, which aims to be the most intelligent and fair in the industry. Noon’s approach involves utilizing delta-neutral strategies to maximize returns, a portion of which will benefit the community.
Strengthening the Beam Network
The decision for DCLM to run Beam Nodes is expected to enhance the decentralization of the Beam Network from its inception. This collaboration is seen as a mutual effort to ensure both communities benefit significantly. Beam Foundation has contributed to the protocol design, focusing on community empowerment, while Noon has committed to deploying a portion of its treasury onto Beam and Sophon to boost each chain’s Total Value Locked (TVL).
In return for its involvement, the Beam Foundation will receive a portion of the USN supply allocated to the team. The majority of USN and its governance token will be distributed to industry builders and users, promoting fairness and transparency in token distribution.
Collaborative Vision and Future Prospects
The collaboration between Beam and Noon began with a shared vision and ambition. Beam assisted in developing the brand concept for Noon, which has since evolved into a robust protocol. This partnership is expected to further strengthen with DCLM’s involvement in running Beam Nodes, as announced here.
Both Beam and Noon are committed to fostering a collaborative environment that maximizes benefits for their respective communities. The partnership is anticipated to continue evolving, with both parties looking forward to building together in the blockchain space.
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