Crypto academy  homework week 6 for besticofinder/ Balancer investment by @Worshipday

FUENTE
Balancer:

Balance in a decentralized DEX defi exchange protocol. In a centralized exchange the seller places the price and the buyer accepts the price when the buyer accepts the price the price of the currency is now the price agreed upon in this transaction. This is why the prices go up and down fluctuating rapidly and have functioning. In the centralized exchange very quickly the orders are kept in an open book which aspire to find their counterpart to complete the transaction.

In the decentralized protocol it does not work in this way the groups of assets to be exchanged are kept in fixed smart contracts constantly providing liquidities edectiva this is done in groups this protocol is called automated Market Marker (amm).

In this dex the order book model is eliminated and exchanged by a market maker. So it is not buyers with sellers but buyers are kept in contact with smart contracts and in turn sellers are also kept in contact with their smart contracts.

Balance uses the sellers as liquidity providers of the currency. Then the buyers, the traders, through their smart contracts, take from this liquidity by offering assets to back up the money that was requested. In this exchange the groups providing liquidity and liquidity have the option of being able to provide up to 8 types of cryptocurrencies. This makes the platform unique.

FUENTE
Bal governance tokens.

The first time this token entered the platform was through a process called liquidity mining, it was given first to the liquidity providers as they are the most important ones on the platform because it is thanks to them that the platform attracts more traders.

This platform was launched in March 2020 More however the liquidity movement did not happen until a month later since then it has broken its daily record of over 15 million in daily movement.

Currently the value locked inside this platform surpassed two two billion dollars stored and this is because the platform has been very well accepted by the society.

Only three people from the whole team are the best known in this area of work Fernando Martinelli (CEO) and Mike Ray McDonald (CTO); and computer graphic interface engineer Timur Badretdinov.

Balancing is within the top 10 crypto on the market if it recently surpassed 1000 exchange poles then I think it is a very good investment platform I think it is totally profitable to provide liquidity while on your side I get interest.