-0.05%

Market Change

$1 136 529 082 453.58

Total Market Cap

$133 613 335 236.65

Total Volume

23449

Cryptocurrencies

21 GWEI

21 GWEI

21 GWEI

Ethereum gas price

40.05%

BTC Dominance


Balancer

BAL -3.35%

24h Change

$265 354 696.37

Market Cap

$32 346 718.73

24h Volume

$6.28

Current Price

Tech Specs

Last historical data: 2021-01-22T08:14:06.000Z

Decimal places: 0

Algorithm:

Prooftype:

Country origin:

Genesis date:

Liquidity score: 54.108

Publi interest score: 0.022

Community score: 8.925

Developer score: 61.539

Coingecko score: 42.341

Market cap rank: 97

Coingecko rank: 121

Alexa rank: 64391

Bing matches: 0

Balancer is a non-custodial portfolio manager, liquidity provider, and price sensor The Balancer Protocol Governance Token (BAL) are distributed to Liquidity Providers of Balancer.

BALs are a key way of decentralizing the governance of the protocol such that it can remain resilient over time, protected from the failure of any single stakeholder.

The proposed amount of distributed BALs to liquidity providers is 145,000 per week, or approximately 7.5M per year.

This means in the first year of BAL’s existence there would be 30% supply inflation off the initially allocated supply of 25M tokens.

This high rate of supply inflation is meant to kickstart the distribution of governance rights of the protocol out to those who earn it.