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Balancer is now listed on Cryptology!

December 14, 2023
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Buy, sell and trade $BAL‍

📈 Spot trading of BAL/USDT is live

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What is Balancer?

Balancer is an automated market maker built on the Ethereum blockchain.

Users can gain liquidity or add their own assets to three main types of pools on Balancer: 

  1. Shared pools - for liquidity providers who can earn additional rewards.
  2. Smart pools - powered by smart contracts.
  3. Private pools - governed by the owner. Similar to smart pools but not powered by smart contracts.

Balancer is similar to Uniswap and Curve, tokens are balanced without price affecting the weight however this time Ethereum is not needed and more than one token can be used.

Blockchain developers can create their very own liquidity pools and decentralized financial apps. Balancer offers open-source, permissionless infrastructure to get you started.

You can even launch a new token thanks to the Liquidity Bootstrapping feature. This distributes the token fairly to build meaningful communities and long lasting projects. New projects can use this to create engagement and raise capital.

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The Balancer token

The native token for Balancer is BAL.

Primarily it’s a governance token used to vote within the Balancer ecosystem.

Those who provide liquidity to pools on Balancer are paid in BAL token for participating. These are paid out every week and directly to the user.

BAL is swapped on Balancer for veBAL to begin the governance process. 

To control inflation and the supply, 145,000 BAL were minted. veBAL was introduced to lower the emissions and keep Balancer valuable. 

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Tokenomics:

BAL token has been distributed like so:

  • 65% - community
  • 25% - founders, options, advisors, investors
  • 5% - fundraising
  • 5% - ecosystem

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BAL’s market stats:

  • Current market cap: $214,217,950
  • Circulating supply: 53,911,971 BAL
  • Max supply: 96,150,704 BAL
  • Twitter: 150,153 followers 


Trade BAL

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Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Cryptology will make its best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, Cryptology adheres to the principle of truthful, transparent and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.

Risk Disclosure Statement

The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Cryptology may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Katya V.

Katya is one of Cryptology’s skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.