By Dan Carson - Partnership Development Lead, Midas.Investments
Midas announces the listing of Beacon (BECN) to the Midas platform as an Instant Share. Invest today to receive instant rewards.
Who are Beacon, and what do they offer?
Beacon offers a highly scalable, multi-faceted utility network supported by the adaptable BECN coin aiding functionality to multiple revenue generating platforms.
The value in a utility coin is governed by the demand created by the platforms and users. By powering multiple platforms with the same coin, Beacon plan to ensure long term demand and utility of the BECN coin through various platforms developed in-house, acquired financially and supported through Beacon Incubator.
At Beacon’s core, The Beacon Foundation will bind the Beacon ecosystem together financially and operationally. Projected to launch in Q2 2019, the Beacon Foundation will be collectively funded from revenue generated by multiple platforms supported by the BECN utility coin, as well as receiving revenue through block rewards (similar to the dev. fee block reward structure supported by Midas).
Primarily, The Beacon Foundation and the net profits generated will be used to support a broad range of charitable initiatives, initially offering support to local charities before scaling to work multi-nationally on an international scale as the Beacon ecosystem and Foundation develop.
To enable this growth, Beacon boast a growing team giving focusing to development of numerous platforms and due for release in Q1 and Q2 of 2019. These platforms, and partnerships already formed will support The Beacon Foundation will fuel future growth plans, BECN exchange buy-back providing long term support to their coin, and their charitable initiatives.
What are Beacon hoping to achieve?
Beacon are building to a future that promises a network of platforms that is supported and utilized by the BECN coin.
As a community driven project, Beacon will support a modified DAO (Decentralised Autonomous Organisation) structure giving voice to investors and projects supporters holding a BECN masternode. Through the Beacon voting platform - due for launch after 200 masternodes are established - the community decides on the direction the project takes, the platforms developed or financially acquired, and the charitable initiatives supported.
Beacon are not holding back with the development of utility platforms, forming partnerships and building of the Beacon team. Just a few months after Beacon’s creation, the project already boast one revenue generating concept live and two under development - both platforms proposed to utilize the BECN coin, with partnerships within and outside of crypto ready to use these platforms after launch.
Beacon (BECN) utilities
Monitor Bot - Currently live and generating revenue, the Monitor Bot offers a plethora of autonomous programs in addition to masternode hosting and shared investment features.
Beacon Arcade - Due for release Q1 2019 is the Beacon Arcade. With BECN as the sole currency used, Beacon Arcade will be developed to offer a comprehensive entertainment platform.
Cryptoswag - Aimed at providing an online solution to brick-and-mortar retail stores allowing for cross promotion and revenue share through the crypto payment gateway, and is expected to be released Q2 2019. Despite the platform currently being in early development, support of the platform is already evident through a partnership with an established store in Decatur, Illinois.
Additional information can be located on Beacon's whitepaper at the foot of this article.
Supporting the Beacon ecosystem with potential for continual growth is the Beacon Incubator. The Incubator is a concept to allow talented developer teams to utilise the Beacon ecosystem, team, resources and community to integrate their project with the BECN coin allowing the platform to be powered by Beacon. Through this support network, the project are unified to Beacon and the BECN creating further uses for BECN, and the generation of new revenue.
Why have Midas offered Beacon (BECN) to our community?
Midas have identified 2019 as the year of utility - projects can no longer exist solely for offering investors masternode rewards. We are taking large strides to be at the forefront of the shared masternode space, listing only projects we have identified as having strong fundamentals, potential for long term success and plans for a real-world utility in a sector that blockchain is poised to disrupt.
As the crypto-space gains adoption, multifaceted utility platforms will be ready to grow with this adoption providing users with a pre-established ecosystem. With the extensive team Beacon have in place, and exciting platforms under construction, Beacon have displayed a proactive attitude to project development, already forming partnerships with great crypto projects, and - importantly for real-world adoption - showing partnership potential with companies outside crypto wanting to get involved.
As the Beacon ecosystem continues to grow, develop and innovate, so will the BECN coin. Providing utility and powering multiple platforms will provide a demand for the BECN coin to match this exciting projects development.
Where can I purchase BECN?
The Beacon coin, BECN can be purchased via numerous exchanges, and is currently live on Cryptobridge (link below). Further exchanges are planned in the near future to meet the additional needs of their investors.
Can I get more information about Beacon?
Do you want to become a Midas partner?
Midas are looking for great projects to join us on our journey. Get in contact with the team via Discord for more details, and visit https://midas.investments for information on our project, team and road map.