We present a complete guide to understanding Balancer Crypto and it’s technology in the field of cryptocurrency development. We include helpful explanations, illustrated guides, historical data, and technical details. This article is brought to you by Digital Financial Market
Last Updated: 3/22/2022
Balancer (BAL) Cryptocurrency
Balancer is an Ethereum-based cryptocurrency intended to create a decentralized finance (DeFi) Protocol that allows for the trade of any digital asset. The name is derived from the platforms automated trading tools which allow for smart rebalancing of digital assets.
The Balancer platform allows stakeholders to contribute to Pools such as Staking Pools and Liquidity Pools in order to incentivize a trade ecosystem.
Key Point of Balancer
- Balancer is an Automated Market Maker (AMM) for smart balancing portfolios
- Utilizes programmable liquidity across platforms
- Is a Key Tool as a Price Sensor and Self-balancing portfolio
- Built and secured by liquidity pools and staking
See Balancer (BAL) Official Website
Balancer (BAL) Price Chart
Balancer (BAL) Historical Price Chart
History of Balancer Crypto
Balancer was created by Mike McDonald and Fernando Martinelli in 2018 a part of their software company BlockScience. Additional contributions to the Balancer Whitepaper were made by Nikolai Mushegian in 2019.
The Balancer Network went live in 2020 and the BAL token went on sale to public exchanges such as Coinbase in late 2020.
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Image Source: DeFi Deep Dive: What is Balancer? – Moralis Academy – Moralis.io