Introduction

Beta Finance (BETA) is a cross-chain protocol for permissioned money markets that allows users to lend, borrow, and short cryptocurrency. A special feature of Beta Finance is the integrated "1-Click" tool for opening, managing and closing short positions.

Basic information about the project

- Launch: August 2021

- Creators: Founder and CEO Allen Lee, an experienced developer and entrepreneur in the field of blockchain technologies.

- Token: #BETA , ERC-20 standard.

Team and project

  • Founder: Allan Ni

  • Chief Financial Officer: Jaylen Kang

    The project is aimed at solving the problems of volatility in the cryptocurrency market, offering users effective tools for hedging and lending.

Funding and investors

The project has attracted funding from major players in the cryptocurrency industry:

  • Binance Labs

  • Coinbase Ventures

  • Polychain Capital

Financial indicators

- Price: $0.055

- Market capitalization: $32,873,097

- Trading volume for 24 hours: $1,017,576

- Circulating offer: 798,484,848 BETA

Technical analysis

Based on the latest data from Binance, the price of BETA token is hovering around $0.055, showing a decrease of 3.42%. Significant support and resistance levels are in the range of $0.05291 and $0.05710 respectively.

Indicator:

- MOTHER (7): 0.05565

- MOTHER (25): 0.05729

- MOTHER (99): 0.06167

- RSI (6): 34.35427 (below average, indicating potential decline)

- MACD: -0.00030 (negative value indicating bearish trend)

- Trading volume: Decreasing, which may indicate a decrease in interest in the asset.

Leading holders

Large BETA token holders play a significant role in the ecosystem. Top holder addresses:

1. Address (I had to remove the address itself due to censorship of contracts in the article): 25.05% (250,477,563 BETA)

2. Address (I had to remove the address itself due to censorship of contracts in the article): 12.00% (120,000,000 BETA)

3. Address (I had to remove the address itself due to censorship of contracts in the article): 9.96% (99,553,318 BETA)

4. Address (I had to remove the address itself due to censorship of contracts in the article): 8.66% (86,624,937 BETA)

5. Address (I had to remove the address itself due to censorship of contracts in the article): 6.00% (60,000,000 BETA)

These addresses control significant shares of tokens, which may impact the liquidity and volatility of the BETA market.

Risks and benefits

Risks:

- Concentration among large holders: High concentration of tokens among several addresses can lead to price manipulation.

- Regulatory Risks: Like all cryptocurrencies, BETA is subject to regulatory changes that may impact its use and adoption.

- Technical risks: Potential vulnerabilities in smart contracts and protocols.

Benefits:

- Innovative Tools: Integrated "1-Click" tool for shorting and market making attracts the attention of traders.

- Cross-chain compatibility: The ability to work with different blockchain networks increases flexibility and usage potential.

Conclusion

Beta Finance is an interesting project with unique tools for managing short positions and creating money markets. However, investors should consider the risks associated with the high concentration of tokens among large holders and general regulatory and technical risks. Careful monitoring of these factors will help you make more informed investment decisions.

Sources

- [CoinLore]

- [CoinCarp]

- [Etherscan]

This report provides a comprehensive view of Beta Finance, helping to understand its potential and possible risks.

Share your opinions in the comments, suggest options for analyzing the coin so that the topic can be explored more extensively, I hope this information will help you