DearCoinUpusers：
CoinUpwillofficiallylaunchBalancer(BAL)at5pm,1September,2022(SGT).
Newtradingpairs:BAL/USDT
ProjectInformation
BalancerisanAMM(automatedmarketmaking)protocolsimilartoUniswapthatallowsforthecreationofflexiblepoolsofliquiditythatconstantlyadjustthemselves.Thesepoolsofliquiditycancontainmultipletokenswithdifferentweights,aswellascustomizabletransactionfees.ABalancerpoolcanbethoughtofasanindexfundinwhichliquidityprovidersarepaidwithouthavingtopaymaintenancefees,asintraditionalfinance.
BalancerhasmanydifferencescomparedtoUniswapwhichiscompletelydecentralized.Thefirstisthataliquiditypoolcansupportuptoeightcurrencies,whileUniswapcanonlysupporttwo.Secondly,eachcurrencycanbeweightedsothatthereisnoneedtoensurethateachcurrencyinthepoolhasthesamedollarvalueasUniswap,whichisconvenientformarketmakers.Butitalsoleadstothedifferenceintherateofchangeofpriceinthetwodirectionsofbuyingandselling.Finally,unlikeUniswap,whichiscompletelydecentralized,thecreatoroftheBalancerliquiditypoolhastheauthoritytomodifythetransactionfees(0.0001%-10%),butintermsofincome,allliquidityprovidersarethesame.
RiskWarning
Tradingindigitalcurrenciescarriessignificantrisksandpricesmayfluctuatedramatically.UsersareadvisedtoparticipatewithcautionandtoconsidercarefullybeforedecidingtobuyorsellPleaseconsideryourexperienceandrisktolerancelevelintradingdigitalassetsbeforedecidingtobuyorsell;CoinUp'sannouncementsandinformationdonotconstituteanytradingadviceandCoinUpwillnotbeliableforanydirectorindirectlossesarisingfromrelianceonsuchinformation.CoinUpisnotresponsibleforanydirectorindirectlossesincurredasaresultofrelianceonthisinformation,andCoinUpisnotliableforanyuser-initiatedactions,warrantiesorindemnities.
Thankyouforyourinterestandsupport!
CoinUp,YourCryptoOasis
First-everOne-stopCryptoDerivativesPlatformGovernedbyDAO
September1,2022
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