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What is Balancer (BAL)?
Balancer (BAL) - the token that allows you to obtain private funds and governance, where anyone can create groups or funds of tokens.
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- Balancer (BAL) is a token very similar to Uniswap and Curve, based on the Ethereum network.
- Its technology is based on obtaining private funds so that the user has its own governance.
- It is a free token, where anyone can create groups or funds of tokens.
Key metrics of Balancer (BAL)
| Precio Reciente | $7.18 |
|---|---|
Cap de Mercado | $344,916,905 |
Suministro Circulante | 48,008,310 BAL |
Suministro Máximo | 96,150,704 |
What is Balancer (BAL)
Balancer is an automated type network (AMM), developed on Ethereum and launched in March 2020. As a seed round, the company raised an initial investment round of $3 million from groups such as Placeholder and Accomplice.
Balancer (BAL) was founded by Fernando Martinelli and Mike McDonald. This project started as a research program called 'BlockScience' in 2018, which had as its specialty the discovery of various concepts such as DeFi.
In addition, it has partners experts in the world of cryptocurrencies, such as Kristen Stone, former product manager of Coinbase and Timur Badretdinov, founder of 'Longcaller', a company in charge of reviewing crypto and educational Blockchain projects.
Its main feature is that it works as a self-balancing, price-sensing and liquidity wallet. This allows users to earn free profits if they decide to invest in the BAL token, thanks to the custom liquidity pools method.
These are some of the most important functions and features of the protocol:
- Private funds give the owner full governance of your group, so these users will have the ability to obtain fund liquidity.
- It has shared funds for all those who are looking to be liquidity providers. LPs (as the name mentions) are remarketed with BAL.
- It has similar smart funds, albeit controlled by smart contracts.
The Token Balancer (BAL)
The Token Balancer (BAL) has a similar architecture to Uniswap and Curve, as all 3 have the ability to create 'token pool' type groups. These groups are necessary within the BAL ecosystem, as they help to keep their price changes stable, or at least not so volatile. But, if we can differentiate BAL from anything, it is that ETH is not required for its operation.
BAL is not the first DeFi protocol to use AMM, but its main feature is that its liquidity is automatically balanced. Speaking merely of the token, this governance token was launched with 100 million, although 25 million was reserved for the team of developers and advisors.
Currently Balancer (BAL) does not have all of its tokens listed, as some of them have to be mined by liquidity providers and are being released on average 145K per week. In other words, all tokens will come to market in approximately 8.6 years.
