Beam BEAM

Commentary versus actual token vesting

Deviation — voluntary extension, insider-adverse. 71,700,000 MC (7,170,000,000 BEAM) of Team and Advisors was moved from a 1-year cliff + vesting to a 4-year hard lock on 24 Feb 2023. This defers insider access; it is not an acceleration. Trackers say "fully unlocked" — the chain says otherwise. tokenomist.ai/beam-2 states "Beam is fully unlocked" and "the unlock schedule ended in 2025", while reporting 7,170,000,000 BEAM locked in its own supply figures. Contradiction of 12.26% of total supply. Redistribution by burn, not by schedule. 40,305,762,659 BEAM (68.93% of current total) has been destroyed since Nov 2021 — the dominant change to the distribution, and only 49.62% of it is traceable to a published proposal (MIP-20). Supply definition is not fixed. The project states maximum total supply decreases over time (unmigrated MC + continuous burns). Any percentage quoted against total supply is a moving denominator. Foundation-held supply moved without explanation. Treasury BEAM fell from 9,926,852,982.50 (Q4 2025) to 8,893,740,968.42 (Q1 2026) to 8,403,297,145 (Q2 2026) — −1,523,555,838 BEAM (−15.35%) in two quarters. Zero BEAM was burnt in Q1 2026, so burns explain only 40,339,617 BEAM (3.90%) of the Q4→Q1 fall. No source explains the remainder. Governance amendment attempted and refused: MIP-30 (extend migration 12→15 months, plus a timelock to close the bridge permanently) was rejected on 15 December 2023; the 26 October 2024 deadline stood. No per-category release table with dates and amounts is published by the project on any surface. Every schedule figure above is attributed to DefiLlama, tokenomist, ICO Drops, Binance Research or a project blog post — not to a project tokenomics table.