Quantity Units BEAM, NQT and QNT

The NOIZ system has a currency BEAM used to quantify value in the system. Like all currencies, BEAM circulates in the system, moving from one user to another by payments and purchases. Also, a small fee 0.1 BEAM is required for every transaction, including those in which no BEAM is transferred, such as simple messages. This fee goes to the miner who forges (generates) the new block containing the transaction that is accepted onto the blockchain.

Yet internally, the currency is still stored in integer form in units of NQT or NxtQuant, where 1 BEAM = 10^8 NQT. All parameters and fields in the API involving a quantity of BEAM are denominated in units of NQT, for example, feeNQT. The only exception is the field effectiveBalanceNXT, used in forging calculations.

Other assets can be created within BEAM using Issue Asset API call.

The issuer must specify the number of decimal places to use in quantifying the asset, and the amount of the asset to create in generic units of QNT or Quant, distinct from NQT. Quantities of assets are stored internally as integers in units of QNT, and assets are priced in NQT per QNT.

To avoid spam Issue Asset fee is set at 100 BEAM

Decimal (BEAM)	Canonical Name	NQT
1.00000000	BEAM	100,000,000
0.01000000	cBEAM	1,000,000
0.00100000	mBEAM	100,000
0.00001000	–	1,000
0.00000100	uBEAM	100
0.00000001	–	1
0.12345678	digit reference	–