icon - Beta Finance
BETA Beta Finance
+ 2.23%
$ 0.09201817
Volume 24h
Circulating supply
Change 24h
Graph (7d)
  • 380
    Beta Finance
    $ 0.09201817
    $ 59,532,970
    $ 3,842,602
    646,969,697 BETA
    + 2.23%
To find out more about this project, check out our deep dive.
What is the name of the business?
There is a permissionless money market on the internet. It allows users to access a money market that is easy to navigate and where users can short these token.
Users can choose from three options: lending, borrowing and shorting. Any market that exists on Beta Finance will be able to get a loan from a lender. The opposite position can be taken by borrowers, while short-sellers are able to initiate short positions. Unlike centralized exchanges, Beta Finance does not use an order book to execute shorts but uses automated market makers to route the trade.

Who are the people who started the business?
Allen Lee, an MIT graduate, previously worked as a software engineer at Microsoft and Facebook. It is backed by an illustrious group of investors. Anjan was impressed with the focus on novel assets, the isolated model, and the planned cross-chain support.

What makes a finance unique?
The adoption of Defi by individuals and institutions can be adversely affected by the significant volatility characteristic ofcryptocurrencies. It sees short-selling as a critical financial tool that is missing in the DeFi system. Users can use the platform's "1-Click Short" tool.
Beta Finance follows an isolated model to support more volatile assets, meaning that a position at risk of liquidating does not endanger another position. In Phase 2, the community can propose and vote for additional collateral support, with the initial support of ETH,USDC,USDT and DAI being valid.
There are different asset tiers. Stable coins have a loan-to-value ratio of 75%, while more volatile assets only have a 50% ratio. meme coins have a 20% LTV.

There are pages related to this.
dYdX is one of the most popular exchanges.
There is an exchange for trading futures.
We have a deep dive about decentralization.
The latest trading insights and news can be found on the blog.

How manyBETA Coins are in circulation?
The total amount of BETA is 1 billion.
The sale is 5%.
10% seed sale
5% is a strategic sale.
Alpha Finance has a 5% stake.
The team is 20%.
It's 35 percent of the system.
20% is Liquidity Mining.
According to the allocations below, as of September 29, 2021, Beta Finance has used funds raised.

There is a marketing rate of 6.71%. The team is 10.13%. 63.53% is development. There was a 19.57% operation.

How is the network secured?
The BEP-20 token is used on the BSC.

1. 2. 3. 4.
Funds are stored in multi-signature wallets and bank accounts. The approval of at least 3 out of the 5 executives and advisors of Beta Finance is required for any movement of funds.
The standard for new token publishing is called the ERC-20. The go-to solution for many applications and exchanges to launch on is the ether. It is secured by a proof-of-stake consensus mechanism.

Is it possible that Beta Finance can hit $1?
The initial launch price is $0.06.

Where can you buy a stock?