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Is It Good Or Bad Coin Read Our Article

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Is It Good Or Bad Coin Read Our Article

About Balancer Coin

Balancer Coin is a decentralized protocol that provides DeFi liquidity infrastructure. The mission is to accelerate innovation in DeFi by providing access to secure infrastructure for liquidity applications. Projects build on Balancer to create new, innovative types of pools and financial dApps.

Balancer Pools contain two or more tokens that traders can swap between. Liquidity Providers put their tokens in the pools in order to collect swap fees. The adopts powerful features to slash gas costs, super-charge capital efficiency, unlock arbitrage with zero-token starting capital, and open the door to custom AMMs.

Who Are the Founders of Balancer?

Balancer Coin Lab was founded by Fernando Martinelli and Mike McDonald, but it began as a research program at a software firm “BlockScience” in 2018. The Balancer project features intelligent, like-minded fellows with an acute understanding of the DeFi space.

Fernando Martinelli, a serial entrepreneur and Maker community member, has many years of work experience outside of Balancer. He co-founded many other companies before he started Balancer with his partner, Mike McDonald.

Mike McDonald is the co-founder and CTO at Balancer. He is a security engineer and the creator of mkr.tools. He joined Fernando Martinelli to build the Balancer platform.

What Makes Balancer Unique?

Balancer is similar to Uniswap and Curve, in that it enables anyone to create pools of tokens. The pool adjusts itself to keep the tokens equally weighted regardless of changes in their price. However, one unique feature of Balancer is that more than one token can be added and ETH isn’t required.

Although, Balancer isn’t the first DeFi protocol to make use of AMMs, however, it has brought a new face and approach to liquidity. The unique feature of the protocol is that it allows Liquidity providers to have up to eight assets per market which are weighted by percentage and rebalanced automatically.

With Balancer Coin, users don’t have to deposit 50% of the desired asset, but are allowed to decide how much of a supported asset they wish to deposit. Another unique feature of Balancer Lab is that users can make a high return on assets that are in low demand through arbitrage opportunities and slippage-reduction. You can learn more about how Balancer works.

How Many Balancer Tokens (BAL) Are There in Circulation?

Balancer wasn’t launched with a native token. However, in June 2020, they launched a governance token, $BAL, following the success of Compound’s token COMP. The purpose of the token is to allow for more decentralization and as an incentive for LP.

Of the total 100M tokens that were created, 25M were reserved for the team, core developers, investors and advisors. 5M tokens were allocated for the Balancer Ecosystem Fund, which would be used as incentives for strategic partners. Another 5M were allocated for the fundraising fund. This fund will be used by Balancer to support its operation and growth at future fundraisings.

The remaining tokens are to be mined by liquidity providers on the platform and are released at a rate of 145K per week. Provided the distribution rate is kept constant, it would take approx. 8.6 years to finish distributing the tokens.

How Is the Balancer Coin Network Secured?

For Balancer, security is a top priority and that is why the protocol has been fully audited three times by Trail of Bits, ConsenSys and OpenZeppelin. There are no admin keys or backdoors, hence, making it trustless, and the balancer pools are not upgradeable. Balancer does not support tokens that do not conform to the ERC-20 standard, even though they may be in use on some pools.

The tokens held on Balancer Coin pools are not controlled by Balancer, but are smart contracts. Nevertheless, that does not remove the inherent risks of smart contracts. The configurable rights pools (CRPs) ensure that tokens with known issues are barred from being used in pools. It further ensures that all other tokens safely interact with the protocol

Where Can You Buy Balancer Token (BAL)?

Balancer allows users to add to liquidity pools to earn $BAL, which is automatically awarded to the users weekly. Top exchanges that support $BAL include Binance, ZenGo, Global, HBTC, Kraken, OKEx, Huobi, etc. To learn how to exchange your fiat currencies for $BAL, here is a detailed guide on how to go about that.

Team

Stani Kulechov- Founder and CEO of Aave

Arthur_0x DeFiance Capital

Chris Burniske Placeholder VC

FAQ Of Balancer Coin

Where I Can Find Balancer Coin Whitepaper?

You Can Find Balancer Coin Whitepaper By Clicking Here.

Where I Can Buy/Sell Balancer Token?

You Can Buy or Sell Balancer Token On Some Popular Exchange For Example – PancakeSwap (V2).

What is Circulating Supply Of Balancer Token?

Circulating Supply Of Balancer Token Is N/A.


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BitPay Announces Partnership With MoonPay – Bitcoin Magazine

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Bitcoin And Artificial Intelligence Frees Your Time - Bitcoin Magazine


BitPay and MoonPay, leading bitcoin and cryptocurrency payments infrastructure providers, have partnered “to provide BitPay users with significantly increased ways to buy cryptocurrency instantly, and at great rates.”

“BitPay’s unique marketplace experience also presents multiple rates for buyers, ensuring they receive the best possible price for their cryptocurrency purchases,” the press release states. “Additional benefits of the integration include fast delivery to any owned wallet address, as well as the ability for buyers to pay with their preferred method, including credit card, debit card, Apple Pay, Google Pay or a variety of local bank transfer methods.”


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Why Real Regulatory Change In Crypto Has Not Happened

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Why Real Regulatory Change In Crypto Has Not Happened



Legislators need to educate themselves on Web3 if they care about protecting consumers, Steven Eisenhauer, chief risk and compliance officer at Ramp, writes.


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South Korea to deploy cryptocurrency tracking system in 2023

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South Korea to deploy cryptocurrency tracking system in 2023


The Ministry of Justice in South Korea announced plans to introduce a crypto-tracking system to counter money laundering initiatives and recover funds linked to criminal activities.

The “Virtual Currency Tracking System” will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance, according to local media outlet khgames.

While the system is slated to be deployed in the first half of 2023, the South Korean ministry shared plans to develop an independent tracking and analysis system in the second half of the year. A rough translation of the ministry’s statement reads:

“In response to the sophistication of crime, we will improve the forensic infrastructure (infrastructure). We will build a criminal justice system that meets international standards (global standards).”

The South Korean police previously established an agreement with five local crypto exchanges to cooperate in criminal investigations and ultimately create a safe trading environment for crypto investors.

Related: South Korean prosecutors request arrest warrant for Bithumb owner: Report

The South Korean Supreme Court ruled that crypto exchange Bithumb must pay damages to investors over a 1.5-hour service outage on Nov. 12, 2017.

The finalized ruling from the supreme court ordered damages ranging from as little as $6 to around $6,400 be paid to the 132 investors involved.

“The burden or the cost of technological failures should be shouldered by the service operator, not [the] service users who pay commission for the service,” the court stated.


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