Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

What is Beta Finance (BETA)?

Beta Finance basic info

Name:Beta Finance
Ticker:
Introduction:

What Is Beta Finance?

Beta Finance is a decentralized protocol for lending and borrowing cryptocurrency. The platform stands out through its unique approach to asset management and risk. Unlike traditional DeFi platforms that often rely on cross-collateralization, Beta Finance adopts an isolated collateral system. This means that each asset or position a user holds is treated independently. For instance, if a user has multiple positions and one becomes at risk of liquidation due to market fluctuations, only the collateral tied to that specific position is affected. This system significantly reduces the overall risk for users who diversify their investments across various assets. The project was launched in 2021 and had a successful token sale on Binance Launchpad.

Resources

Official Documents: https://betafinance.gitbook.io/betafinance/

Official Website: https://www.betafinance.org/

How Does Beta Finance Work?

Beta Finance operates through a series of interconnected financial services, primarily focusing on lending, borrowing, and short selling. Lenders on the platform can deposit their assets into any money market available on Beta Finance, earning yield from the interest paid by borrowers and short sellers. This single pool system for each token ensures that lenders always receive the maximum possible yield for their deposits.

Borrowing on Beta Finance is designed with user protection in mind. The platform requires that the initial borrowing position is maintained below a certain loan-to-value (LTV) threshold to prevent immediate liquidations. Borrowers have a clear understanding of their debt share value, which includes the principal borrowed plus accrued interest, and the collateral size, which is the amount of collateral posted for the position.

Short selling is another critical feature of Beta Finance. The platform simplifies the process by automatically borrowing the underlying token from its money market, swapping it through supported decentralized exchanges (DEXs) like Sushiswap and Uniswap, and then staking the swapped collateral token with the principal collateral in the short position. This process is integral to providing a counterbalance to price volatility in the DeFi space.

Additionally, Beta Finance offers unique features for managing and repaying loans. Users can repay their debts using either the collateral or the borrowed/shorted token. The platform facilitates this by allowing the automatic deduction of the full debt from the collateral, executing a swap on a DEX to obtain the borrowed/shorted asset for repayment. This flexibility is a significant departure from traditional DeFi platforms, which often require repayment in the underlying asset.

What Is BETA Token?

BETA is the native token of the Beta Finance platform. It plays a crucial role in the governance of the platform, allowing token holders to participate in and vote on various aspects of the platform's operation and development. Through this governance mechanism, BETA token holders can influence and modify product features and key parameters of Beta Finance. This level of involvement ensures that the platform evolves in a direction that aligns with the interests and needs of its community. BETA has 1,000,000,000 tokens in total and 737,878,788 of them are in circulation.

What Determines Beta Finance’s Price?

The price of Beta Finance (BETA) is influenced by a multitude of factors, typical of digital assets within the cryptocurrency market. Like other cryptocurrencies, its value is subject to market supply and demand dynamics. A key aspect influencing BETA's price is its total and circulating supply. With a total supply of 1,000,000,000 tokens and 737,878,788 in circulation, the scarcity or abundance of BETA tokens can significantly impact their price. Furthermore, as Beta Finance allows token holders to participate in governance decisions, the perceived effectiveness and appeal of these decisions can also affect investor sentiment and, consequently, the token's value. The platform's unique features, such as its isolated collateral system for lending and borrowing, and its facilities for short selling, contribute to its utility and attractiveness to users, thereby potentially affecting its market value.

Additionally, the broader cryptocurrency market trends play a crucial role in shaping Beta Finance's price. Given the interconnected nature of the crypto ecosystem, shifts in the valuation of major cryptocurrencies like Bitcoin and Ethereum can ripple through to altcoins like BETA. Market sentiment, driven by news, regulatory developments, and technological advancements in the blockchain and DeFi sectors, also significantly impacts its price. The success and adoption rate of Beta Finance's platform itself, considering its innovative approach to decentralized finance, will further influence its token's valuation. As the platform evolves and potentially adds new features or partnerships, these developments can either bolster confidence in its future prospects or lead to skepticism, thus influencing the demand and pricing of BETA tokens in the ever-volatile cryptocurrency market.

For those interested in investing or trading Beta Finance, one might wonder: Where to buy BETA? You can purchase BETA on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

Show more
Current price:
All-time high:$4.63
All-time low:$0.03533

BETA supply and tokenomics

Circulating supply:859,090,900 BETA
Total supply:1,000,000,000 BETA
Max supply:1,000,000,000 BETA
Market cap:$38.60M
Fully diluted market cap:$44.93M
Token allocation:
Ecosystem Growth
35.00%
Team & Advisors
20.00%
Liquidity Mining
20.00%
Seed Sale
10.00%
Binance Launchpad Sale
5.00%
Strategic Sale
5.00%
Alpha Finance Launchpad
5.00%
Tokenomics:

Token utility

BETA is Beta Finance’s native utility token. It is an ERC-20 token on Ethereum and BSC and has the following current and planned functions:

Staking incentives: BETA token holders will be able to stake their tokens on the protocol and act as a backstop for covering shortfall events. BETA holders who stake their tokens will receive a portion of the revenue generated by the protocol.

Liquidity mining: Liquidity providers can stake their assets into the lending pools to enable borrowing and short selling. To incentivize these providers given opportunity costs, liquidity providers will be eligible to receive BETA tokens through a liquidity mining program, adjusted based on a user’s relative contribution and additional parameters.

Governance: BETA token holders will be able to participate and vote in the governance process of the platform. Through governance, users can influence and modify product features and key parameters of Beta Finance. This will enable BETA token holders to influence the direction of the protocol's development.

Links

Buy Beta Finance for $1Buy BETA now

What is the development prospect and future value of BETA?

The market value of BETA currently stands at $38.60M, and its market ranking is #705. The value of BETA is not widely recognized by the market. When the bull market comes, the market value of BETA may have great growth potential.

As a new type of currency with innovative technology and unique use cases, BETA has broad market potential and significant room for development. The distinctiveness and appeal of BETA may attract the interest of specific groups, thereby driving up its market value.

What will the price of BETA be in 2025?
Based on BETA's historical price performance prediction model, the price of BETA is projected to reach $0.05346 in 2025.
What will the price of BETA be in 2030?
In 2030, the BETA price is expected to change by +5.00%. By the end of 2030, the BETA price is projected to reach $0.09019, with a cumulative ROI of +99.91%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of BETA and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is BETA worth investing or holding? How to buy BETA from a crypto exchange?

If you want to buy BETA, the following information may be helpful for your investment decisions:
In the last seven days, the price of BETA has risen by 4.40%, leading to positive returns for most BETA investors. The market is currently optimistic about the price trend of BETA.
It is important to note that the current price of BETA has retreated by -99.03% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether BETA is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in BETA or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of BETA, if you want to buy or sell BETA, you can consider Bitget for your trading needs. The best place to buy BETA is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Beta Finance has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Beta Finance. Here's a step-by-step guide on how to buy Beta Finance on Bitget.

How to get Beta Finance through other methods?

Using cash to buy Beta Finance is not the only way to obtain Beta Finance. If you have the time to spare, you can get Beta Finance for free.
Learn how to earn Beta Finance for free through the Learn2Earn promotion.
Earn free Beta Finance by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Beta Finance airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Beta Finance through Bitget Convert, Bitget Swap, or spot trading.

What is Beta Finance used for and how to use Beta Finance?

The use case of Beta Finance may expand as the crypto market and the project itself develop. Currently, you can use BETA to achieve the following goals:
Arbitrage by trading BETA: Since BETA is a frequently traded cryptocurrency, the price of BETA is always fluctuating. Earn more BETA by buying low and selling high on the exchange. Bitget spot market provides a variety of BETA trading pairs to fully meet your needs.
Earn by staking BETA: You can also generate income through financial management methods such as staking BETA or lending BETA. Bitget Earn offers a variety of financial products designed to help you earn more income from your BETA.
Send or pay BETA: If you want to give BETA to your friends, a charity, or a fundraiser, or you want to pay someone with BETA, you can quickly and easily send BETA to the recipient through their payment address.
You can also go to the official website of the Beta Finance project to learn more about the use cases of BETA. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

Beta Finance Wiki

Learn more about Beta Finance

Learn about other cryptos

New listings on Bitget

New listings

Trending coin prices

More
Assets with the biggest change in unique page views on Bitget.com over the past 24 hours

Where can I buy Beta Finance (BETA)?

Buy crypto on the Bitget app
Sign up within minutes to purchase crypto via credit card or bank transfer.
Download Bitget APP on Google PlayDownload Bitget APP on AppStore
Trade on Bitget
Deposit your cryptocurrencies to Bitget and enjoy high liquidity and low trading fees.