BeanPrice

(BEAN)

The token name "Bean (BEAN)" is used by at least two separate crypto projects. One refers to SecondLive's incentive token, designed for user engagement within their metaverse platform, where it has an unlimited supply and is earned through platform activities. The other is BloomBeans, described as a fully decentralized financial system with its own monetary policy, starting with a limited supply and issuing Crypto Financial Assets (CFAs). Additionally, a "Beans App" exists for money transfers, which is distinct from these token projects.

Within the SecondLive platform, BEAN serves as an incentive token designed to reward users for their active participation. Users can earn BEAN by creating spaces, engaging in games, chatting, and attending AMAs. Its main utility is staking, allowing holders to earn LIVE tokens provided by SecondLive. BEAN tokens that enter the income pool are subsequently burned, influencing its token economy.

BloomBeans is introduced as a fully decentralized financial system providing an ecosystem of currency and financial products traded on peer-to-peer exchanges and decentralized loan markets. Its monetary policy began with an initial supply of 1,000,000 BEAN coins, with a long-term maximum creation cap of 21 billion BEAN coins over centuries. The system also initially featured a 20% annual interest rate to its participants.

Users interested in acquiring BEAN tokens can typically do so through various platforms. Some BEAN tokens are available for trading on decentralized exchanges (DEXs) like those operating on the Ethereum blockchain. For those preferring a centralized platform, tokens might be available for purchase through a reputable centralized exchange. When using an integrated Web3 Wallet within an exchange's application, users can often swap stablecoins for BEAN on a decentralized exchange. Always ensure you are on the correct platform for the specific BEAN token you intend to acquire.

Yes, staking BEAN tokens is generally possible within relevant project ecosystems. Staking allows holders to actively participate in the protocol's governance by granting them voting power on important decisions. Beyond governance, stakers can typically earn rewards for locking up their tokens. The calculation and distribution of these rewards are often dynamic, depending on factors such as the size of the stake, the duration for which tokens are locked (potentially with multipliers for longer commitments), and the overall total amount of tokens staked across the network.

To add BEAN tokens to a compatible non-custodial wallet, such as MetaMask, you need to import the token manually. This process typically involves navigating to the "Import Token" or "Add Custom Token" function within your wallet interface. You will then need to enter the BEAN token's specific contract address. For instance, one common BEAN token uses the contract address 0x6958c870a6d9a7a7cca58fede8acfdf1280c12d5. After inputting the correct contract address, the wallet should automatically populate the token symbol and decimal information, allowing you to successfully add BEAN to your wallet for viewing and management.