[New Token?Launch] Announcement on the Launch of Balancer (BAL)_THE:Loopring [NEO]

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

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September1,2022

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