The Beetle coin is an open source decentralized cryptocurrency which provides instant and low fees transactions all around the world through the Beetlecoin network. Anyone can participate in the operation of Beetle coin network by either allocating computing power in mining or staking the coins. On average, Beetle coin block network requires two minutes to generate a new block, and all transactions are carried out over the internet, unlike fiat money transactions which require intermediary financial institutions or banks.
Clams were initially distributed to 3,208,032 BTC, LTC and DOGE addresses based on the 12 May 2014 snapshot of these blockchains. Each of these address received 4.60545574 CLAMs. 63,381 addresses have been dug comprising 291,898.39 CLAMs. If all the distributed CLAMs were dug up, the total money supply would be 15,009,015.13. There is no Proof-of-Work stage for Clams and the network is now secured by Proof-of-Stake.