BAL
No. 251Price
Markets
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1. Project introduction
Balancer is a community-driven protocol, automated portfolio manager, liquidity provider, and price sensor that empowers decentralized exchange and the automated portfolio management of tokens on the Ethereum blockchain and other EVM compatible systems.Balancer Pools contain two or more tokens that traders can swap between. Liquidity Providers put their tokens in the pools in order to collect swap fees. Balancer adopts specific features to slash gas costs, super-charge capital efficiency, unlock arbitrage with zero-token starting capital, and open the door to custom AMMs.Balancer turns the concept of an index fund on its head: instead of paying fees to portfolio managers torebalance portfolio, users collect fees from traders, who rebalance your portfolio by following arbitrage opportunities.
2. Team introduction
Co-Founder & CEO: Fernando Martinelli
Linkedin: https://www.linkedin.com/in/fernandomartinelli/
COO: Kristen Stone
Linkedin: https://www.linkedin.com/in/kristenleighstone/
3. Investment institution
Pantera Capita, Blockchain Capital, FinTech Collective, Fenbushi Capital, Continue Capital, Kain Warwick, Alameda Research, LongHash Ventures
4. Application and distribution
Total supply: 94,410,704
Token application:
Grant voting power and drive the alignment between governance token holders and protocol stakeholders.
Token distribution:
Community (Up to 65M): 65%
Founders, Options, Advisors, Investors (25M): 25%
Ecosystem (5M): 5%
Fundraising (5M): 5%
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