What currency is BAL (bal coin) and who issued it?
BAL is a currency according to official sources. BalancerPool is an automated ma
BAL is a currency according to official sources. BalancerPool is an automated market-making tool on the Binance Smart Chain. BAL is the governance token of the Balancer network, with a total supply of 10 billion coins. 30% of the supply is allocated to BAL stakers (halving every 6 months).
The Balancer protocol helps investors gain higher returns by providing automated liquidity. On the Ethereum blockchain, BAL is supported by various types of assets including Bitcoin, Ethereum Classic, Litecoin, etc.
Who issued bal coins?
According to CryptoGlobe, Bal coins were reportedly issued in October last year and became the most popular application in decentralized finance (DeFi). It is said that BAL was created by the blockchain development company Block.one in January 2019, aiming to provide faster, cheaper, and better transaction speeds than Ethereum 2.0.
Furthermore, some investors have pointed out that “BAL has started an ICO and plans to open it to more people.” It is currently unclear who the initiator of BAL is: “Many people believe that the name is reminiscent of EOS,” or “a project party” or “some institution.”
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