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What can you do with Balancer?
Store/Hold Balancer
Many users hold on to their Balancer with the expectation of it increasing in value. You can store your BAL safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Balancer
You can trade Balancer for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Balancer trading to meet your needs.
Send Balancer
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Balancer online and send to anyone and anywhere with their Balancer address.
Spend Balancer
You can also buy goods and services with your Balancer. More and more vendors and retailers accept Balancer every day.
Donate Balancer
Bitget Charity accepts Balancer donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Balancer so no one misses out on the growth made possible by blockchain.
Learn More About Balancer
You can read more in-depth articles on Balancer from Bitget Research and study how cryptocurrencies like Balancer work on Bitget Academy
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What is Balancer (BAL)?
Balancer is an automated market maker (AMM) protocol and a decentralized exchange (DEX) on Ethereum and other EVM-compatible blockchains. It is one of the leading protocols in the DeFi section and offers many various services for crypto investors. The DEX was founded in 2018 by Fernando Martinelli and Mike McDonald.
How Balancer (BAL) Works
Similar to how most other AMMs work, Balancer enables users to trade directly with each other via liquidity pools and rewards liquidity providers with a portion of the trading fees. The special thing about Balancer is that it has seven different types of liquidity pools and may allow up to fifty different tokens in one single pool.
The seven types of liquidity pools in Balancer are:
- Weighted Pool
- Stable Pool
- MetaStable Pool
- Liquidity Bootstrapping Pool
- Managed Pool
- Boosted Pool
- Custom Pool
How Many Balancer (BAL) Tokens Are in Circulation?
BAL serves as the utility and governance token of the AMM. The total supply of BAL is 96,150,704 and the circulating supply is 44,707,457.65.
How to Buy Balancer (BAL)
Consider investing in Balancer (BAL)? It only takes 2 minutes to create an account on Bitget and start trading BAL.
Check out the available BA L trading pairs on Bitget!
Spot market
Balancer (BAL) Resources
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