Balancer (BAL) is a cryptocurrency that powers the Balancer Protocol, a decentralized, non-custodial portfolio manager, liquidity provider, and price sensor. It was launched in March 2020 and raised $3 million in seed funding from Placeholder and Accomplice ¹.$BAL

The BAL token is used for governance and liquidity mining, allowing holders to vote on proposals and steer the direction of the protocol. The total supply of BAL is capped at 100 million tokens, with 25 million allocated to founding members, core developers, advisers, and investors ².

*Key Features:*

- _Automated Market Maker (AMM)_: Balancer functions as a self-balancing weighted portfolio, price sensor, and liquidity provider.

- _Customizable Liquidity Pools_: Users can create or add liquidity to pools and earn trading fees.

- _Multi-Token Support_: Balancer supports multiple tokens in a single pool.

*Market Performance:*

The current price of BAL is around $2.10, with a market capitalization of $125 million ¹. The 24-hour trading volume is $6.2 million, representing a 2% increase in the last 24 hours ².

*Where to Buy:*

You can trade BAL on centralized crypto exchanges like HTX, OrangeX, and Trubit ².

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