Name: Beta Finance
Brand: Binance
Price: 0.02 USD
Availability: InStock

Price of Beta Finance Today

The live price of Beta Finance is $0.022644 per (BETA / USD) with a current market cap of $22.64M USD. 24-hour trading volume is $0 USD. BETA to USD price is updated in real-time. Beta Finance is -3.69% in the last 24 hours with a circulating supply of 1.00B.

BETA Price History USD

Date Comparison	Amount Change	% Change
Today	$-0.000869	-3.69%
30 Days	$0.010289	+83.28%
60 Days	$0.012791	+129.82%
90 Days	$0.010665	+89.03%

Beta Finance Chart Performance

24h Low & High

Low: $0.022548

High: $0.023722

The highest and lowest price paid for this asset in 24 hours.

All Time High

$4.634595

The highest price paid for this asset since it was launched or listed.

Price Change (1h)

+<0.01%

The percentage change in price for this asset compared to 1 hour ago.

Price Change (24h)

-3.69%

The percentage change in price for this asset compared to 24 hours ago.

Price Change (7d)

-4.04%

The percentage change in price for this asset compared to 7 days ago.

24h Low & High

Low: $0.022548

High: $0.023722

All Time High

$4.634595

Price Change (1h)

+<0.01%

Price Change (24h)

-3.69%

Price Change (7d)

-4.04%

About Beta Finance (BETA)

Beta Finance is a decentralized money market deployed and running on the Ethereum blockchain network. Beta Finance decentralized protocol gives users the ability to engage in three activities - cryptocurrency borrowing, lending, and shorting. Borrowing and lending on the platform works like many other models, but done in a decentralized peer-to-peer manner.

Individuals can loan out cryptocurrencies on the Beta Finance platform through the permissionless platform, which is powered and operates by smart contract functionality. Beta Finance was founded in 2021 by US-based MIT computer scientist Allen Lee. The blockchain-based project was selected to conduct its ICO on Binance Launchpad, which successfully went forth on October 8, 2020. In terms of vision, Beta Finance has expressed plans to expand and integrate with other blockchain networks in addition to Ethereum in the near future.

BETA powers the protocol's operations and is used for liquidity provision and governance. The current price of Beta Finance is updated and available in real-time on Binance.

People Also Ask: Other Questions About Beta Finance

What is BETA Used For?

BETA, the native token of the Beta Finance platform, is implemented in staking mechanisms on the network. Holders have the option to stake BETA, which works as a support or backstop that covers the protocol in the event of shortfalls. In exchange for staking, a portion of the revenues generated by the protocol is shared with participating holders.

BETA is also used in governance, where holders can vote on decisions that impact product features on the platform and other critical matters. Token holders can also participate in liquidity mining and stake in active staking pools, increasing the platform's ability to extend lending and short selling. BETA tokens are said to be distributed to staking participants through a liquidity mining program.

Who Is the Founder of Beta Finance?

Allen Lee, a computer scientist and developer from MIT, founded Beta Finance in 2021. The founder had previous work experience as a software engineer for Facebook and Researcher for Microsoft before establishing the decentralized protocol.

What Is the Maximum Token Supply of BETA?

The maximum token supply for BETA is 1,000,000,000. It has a circulating supply of 677,272,727 BETA coins at the time of writing.

What Makes Beta Finance Different From Others?

On the Beta Finance platform, assets are categorized into tiers based on their characteristics. Cryptocurrency tokens deemed "safe," such as backed stablecoins, have a loan-to-value (LTV) ratio of 75%. Meanwhile, assets that exhibit higher volatility are generally held at a loan-to-value ratio of 50%. Highly volatile assets are classified under a tier with an LTV ratio of 20%.

How To Buy Beta Finance (BETA)?

Beta Finance (BETA) can be purchased directly from Binance using a debit or credit card. Beta Finance (BETA) can also be traded for other cryptocurrencies on Binance. The live price of Beta Finance is updated in real-time on Binance. Additionally, BETA coin price and purchase information are available for users in our How to Buy Beta Finance (BETA) Guide.

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