Binance will delist Balancer (BAL) on April 16th at 3:00 UTC.
Refer to the official tweet by BAL:
Based on community feedback, we’re announcing the first batch of ‘Vote to Delist’ results.
The following tokens will be delisted on April 16, 2025:⁰BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT, VIDT
Read the full update 👉 https://t.co/PNqrzkFxtX pic.twitter.com/CIsaLAv8si
BAL Info
Balancer is an automated market maker (AMM) developed on the Ethereum blockchain, launched in March 2020. It functions as a self-balancing weighted portfolio, price sensor, and liquidity provider. The platform allows users to earn profits by contributing to customizable liquidity pools. Balancer facilitates the creation of pools of tokens, which auto-adjust to maintain equal weightings irrespective of price changes.
The protocol offers different types of pools: private pools, which are fully controlled by the owner; shared pools, where liquidity providers earn Balancer Pool Tokens (BPTs); and smart pools, controlled by smart contracts, which also issue BPTs. Balancer stands out by allowing up to eight assets per market, weighted by percentage, and automatically rebalanced, providing unique liquidity and arbitrage opportunities.
Balancer launched its governance token, BAL to decentralize control and incentivize liquidity providers. Of the total 100 million BAL tokens, 25 million were reserved for the team and stakeholders, 5 million for the Balancer Ecosystem Fund, and another 5 million for fundraising. Liquidity providers mine the remaining tokens at a rate of 145,000 per week, with a projected distribution timeline of approximately 8.6 years.
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