What Currency is BAL (What is BAL Currency)
BAL is the governance token of the decentralized finance system. The total supp
BAL is the governance token of the decentralized finance system. The total supply of BAL is 210 million, with 30% allocated for liquidity mining (through burning and destruction) and incentivizing funds locked in smart contracts; 20% distributed to the team, advisors, community, and others; 10% allocated for developer rewards (through staking and delegation).
Balancer is an automated market maker platform that provides a decentralized perpetual contract trading market based on Ethereum, supporting automated long and short positions of digital assets. Balancer disrupts the existing concept of DEX by enabling cryptocurrency trading without the need for trust intermediaries.
What is BAL Currency
BAL is a decentralized asset management protocol built on the Ethereum network, offering features such as automated interest markets, programmable bonds, and other types of products. BAL is supported and launched by Balancer.
BAL is a new cryptocurrency used for automated and governance token price fluctuations, aiming to balance the supply through a price pegged to the US dollar. Investors can deposit their funds into BAL as a return on their investment. (U.Today)
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