05/30/2024
BTC67,953.0
ETH3,923.76
USDT0.998912
BNB594.83
SOL171.09
USDC1.0
XRP0.537005
DOGE0.171579
BUSD1.001

Balancer (BAL) Price

BAL
4,1
$3.92
Market cap
223,827,310.0
Total volume
7,153,352
Circulating supply
57,086,319
Total supply
63,422,494
Balancer functions as an autonomous portfolio manager, liquidity facilitator, and pricing mechanism.

The governance token of the Balancer Protocol, known as BAL, is rewarded to those who provide liquidity on Balancer. By distributing BAL tokens, the aim is to decentralize the control of the protocol, ensuring its durability and safeguarding it against the downfall of any individual participant.

It is planned to allocate 145,000 BAL tokens to liquidity providers every week, translating to about 7.5 million tokens annually. This allocation strategy implies that in its inaugural year, BAL will undergo a 30% inflation from its initial supply of 25 million tokens. This aggressive inflation rate is strategically designed to expedite the dissemination of governance privileges among those contributing to the protocol.

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