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211
Projects:
25546
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0.20%
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Balancer BAL Logo
Balancer BAL
$1.30 0.92%
OG Score 49.39
Reviews 3
Balancer BAL Logo

Balancer BAL Price

$1.30 0.92%
Low All Time High
$0.755523 $74.45

Introduction

Balancer (BAL) is the Ethereum token for the Balancer protocol, an automated market maker enabling users to create or add liquidity to pools with customizable trading fees. More

OG Score 49.39
Reviews 3
Market Cap $83.72M
Market Cap Rank # 572

Token Stats

Fully Diluted Valuation $89.77M
24H Trading Volume $11.03M
24H Low / High $1.27 / $ 1.36
Circulating Supply 64.58 M
Total Supply 69.25 M
Max Supply 96.15 M

Info

Categories Exchange-based Tokens 21 more
Founder Fernando Martinelli 1 more
Website balancer.finance Whitepaper
Socials 6 more
Chains Ethereum Ecosystem 11 more
Explorer Blockscout 9 more
Contracts Balancer 0xba1....24e3d 11 more

BAL/USD Price Chart

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OG Evaluation

OG Score

OG Score Rank #152
Reviews 3
Gem Score 11.60

OGAudit Coin Evaluation Metrics

Innovation 58 .43
Innovation Is this web3 project innovative and offers a unique solution to a problem that outperforms its competitors? Is there clear information about the product/service? Is it as good as advertised? How about the growth potential?
Security 49 .07
Security How robust is this network/contract and are there up-to-date technical audit reports? Has the network/contract been halted previously? Have there been any serious hacks or exploits?
Community 43 .23
Community Does the team actively prioritize community input and leverage on-chain voting for decision-making? Is decision-making equitable, or do the whales have undue influence? Are social media and marketing strategies effective and sustainable? Is their social media presence organic, or are manipulated by bots? Do they provide effective user support? Any airdrop for the community?
Tokenomics 46 .13
Tokenomics Does the token have strong and diverse use cases? Are there clear incentives or revenue sharing mechanisms for token holders? Is the token's inflation rate and vesting schedule well-balanced? How much of the supply is controlled by the team or whales? Is the TVL (Total Value Locked) or staked value proportionate to the market cap? Is there adequate liquidity across DEX and CEX pairs?
Team 47 .10
Team Does the team have a clear roadmap and consistently deliver on their promises? Can the team adapt to market changes and meet user demands? Does the project have sustainable and diversified revenue income models to help it support its operations in the long term?
Roadmap 52 .40
Roadmap Does the team have a clear roadmap and consistently deliver on their promises? Can the team adapt to market changes and meet user demands? Does the project have sustainable and diversified revenue income models to help it support its operations in the long term?

Balancer $bal User Reviews

What Crypto OGs are Saying About Balancer

Balancer $bal Markets

Name Pair OG Score

About Balancer $bal

What is Balancer (BAL)?

Balancer, launched in March 2020, stands as a beacon in the decentralized finance (DeFi) landscape, providing users with a unique platform for trading ERC20 tokens without the need for traditional order books. At its core, Balancer is an automated market maker (AMM) protocol built on the Ethereum blockchain, utilizing smart contracts to create versatile liquidity pools.

Originally devoid of its native token, Balancer introduced the governance token, BAL, to the ecosystem. BAL serves a pivotal role, enabling token holders to participate in the project's governance by voting on proposals and influencing the platform's trajectory. Additionally, BAL is a means to reward liquidity providers who contribute to these liquidity pools.

Inspired by the UniSwap exchange protocol, Balancer employs an n-dimensional invariant model, allowing for the creation of pools with multiple tokens, a departure from the typical two-token pools seen in other AMMs. This flexibility aligns with Balancer's mission to function as a self-balancing weighted portfolio, price sensor, and liquidity provider.

The protocol offers various pool types, including private pools, shared pools, and smart pools. Private pools grant governance control to the owner, while shared pools incentivize liquidity providers with Balancer Pool Tokens (BPTs). Smart pools, controlled by smart contracts, welcome contributions from anyone interested in providing liquidity.

One distinctive feature of Balancer is its allowance for up to eight assets per market, each weighted by percentage and automatically rebalanced. This unique characteristic sets Balancer apart from other AMMs like Uniswap and Curve, providing users with increased flexibility in asset allocation.

Security is a top priority for Balancer, evidenced by three comprehensive audits conducted by Trail of Bits, ConsenSys, and OpenZeppelin. The absence of admin keys or backdoors ensures a trustless environment, with non-upgradeable Balancer pools and a commitment to ERC-20 standard conformity.

As for BAL token distribution, 25 million tokens were allocated for the team, core developers, investors, and advisors. An additional 5 million tokens each were assigned to the Balancer Ecosystem Fund and the fundraising fund, with the remaining tokens set for distribution to liquidity providers at a rate of 145,000 per week.

The revolutionary approach of Balancer lies not only in its technology but also in its ability to democratize finance. It allows users to earn fees by contributing to liquidity pools, reshaping the landscape of traditional asset management and decentralized exchange. Balancer's journey, initiated by founders Fernando Martinelli and Mike McDonald, started as a research program in 2018, culminating in a seed round that raised $3 million from Placeholder and Accomplice.

In conclusion, Balancer's emphasis on flexibility, security, and user incentives has positioned it as a powerful force in the DeFi industry. As the project continues to evolve, its impact on the market and its users is likely to shape the future of decentralized finance, offering a decentralized exchange and liquidity provision platform that empowers users globally.

Balancer introduced its governance token, BAL, with a total supply of 100 million tokens. Notably, 25 million tokens were allocated to the team, core developers, investors, and advisors, fostering decentralization and incentivizing liquidity provision.

What is unique about Balancer (BAL)?

Balancer distinguishes itself by allowing up to eight assets per market in its automated market maker (AMM) pools, providing unparalleled flexibility for users in asset allocation compared to traditional two-token AMMs.

Who are the founders of Balancer (BAL)?

Balancer was founded by Fernando Martinelli and Mike McDonald, visionaries in the decentralized finance (DeFi) space. The project originated as a research program in 2018 at BlockScience before evolving into the prominent DeFi protocol we know today.

Who are the backers/investors of Balancer (BAL)?

Balancer garnered significant support in its seed round, raising $3 million from prominent backers Placeholder and Accomplice. This financial backing has played a crucial role in the project's development and success.

Where can I buy Balancer (BAL)?

You can buy Balancer (BAL) on Gate.io, Bitget, MEXC, OKX, Coinbase cryptocurrency exchanges.

What are Balancer (BAL) user reviews/opinions?

OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Balancer BAL. To access these ratings, evaluations, and comments, click here.

How to mine Balancer (BAL)? How can I stake Balancer (BAL)?

There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.

What is the circulating, max supply and market cap of Balancer (BAL)?

This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of  Balancer (BAL) is ($64,580,537), max supply of Balancer  BAL is ($96,150,704) and the market cap of Balancer  BAL is ($83,720,985)

What is the Balancer (BAL) price prediction?

Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!

What is the price of Balancer (BAL)?

The current market price of Balancer (BAL) is $1. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.

Is Balancer (BAL) a good investment?

It is important to do comprehensive research before deciding whether Balancer (BAL) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:

Is this type of digital asset considered legal in your country?

Does Coin (Balancer BAL) solve a good problem or offer the best solution?

Do products and services work effectively, and solutions are scalable?

Does the team have a realistic roadmap and can catch up with it?

Does Balancer (BAL) have reasonable and sustainable revenue income models?

Can the team market their products and services well?

How decentralized is the governance and how strong is the community?

Has it reached its fair market value yet?

Does the coin/token have enough trading pairs and liquidity?

As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Balancer (BAL) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.

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