Important Update
CoinSpot has completed the Beam (BEAM) Rebranding, Redenomination & Token Swap Plan.
- Beam (BEAM) Instant Buy
- Beam (BEAM) Instant Sell
- Beam (BEAM) Coin Withdrawal
- Beam (BEAM) Coin Deposit
Merit Circle (MC) will be rebranded from Merit Circle (MC) to Beam (BEAM).
Merit Circle (MC) is changing its denomination at a ratio of 100 Beam (BEAM).
CoinSpot will facilitate the changes on behalf of all users holding Merit Circle (MC).
Merit Circle (MC) will be rebranded to Beam (BEAM) at a ratio of 1 Merit Circle (MC) : 100 Beam (BEAM).
The Process
Trading
Merit Circle (MC) Instant Buy - Disabled on 7th November 2023 until completion.
Merit Circle (MC) Instant Sell/CoinSwap - Disabled on 7th November 2023 until completion.
Coin Withdrawals & Deposits
Merit Circle (MC) Coin Withdrawals - Disabled on 7th November 2023 until completion.
Merit Circle (MC) Coin Deposits - Disabled on 7th November 2023 until completion.
Ratio & Pricing
Each user will receive 100 Beam (BEAM) per 1 Merit Circle (MC) they hold in their CoinSpot wallet. This means that if the price of 1 Merit Circle (MC) is $0.80, it will then become $0.008, assuming the market value does not fluctuate.
Important Note
Depositing Merit Circle (MC) into your CoinSpot account following completion of the Rebranding, Redenomination & Token Swap may result in the loss of your funds.
New Beam (BEAM) smart contract addresses:
- ETH (ERC-20): 0x62D0A8458eD7719FDAF978fe5929C6D342B0bFcE
- BSC (BEP-20): 0x62D0A8458eD7719FDAF978fe5929C6D342B0bFcE
For further information on the recent changes, please have a read of the link provided below.
Any further updates surrounding the change will be communicated to our users via General Announcement & Updates or within this article.
Need more help?
Please submit your request via Zendesk - https://coinspot.zendesk.com/hc/en-us/requests/new
or start a conversation with us via Live Chat and our team will provide full instructions and advice.
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