Beta Finance – a decentralized marketplace for financial assets, including lending, borrowing, and margin trading functions. Within the protocol, a user can become a lender (and earn a return with minimal risk), a borrower (by providing cryptocurrency collateral), a trader (also using collateral), or a liquidator of underfunded positions, receiving a reward for their work.
BETA – a utility token that serves as an incentive for staking, a decentralized management tool, and a reward for users’ liquidity mining. From September 30 to October 8, 2021, the token was distributed in subscription format on the Binance Launchpad platform.
Criptomais experts have studied the project to provide an overview of the Beta Finance token and platform. We will talk about its technical and economic characteristics, forecast, advantages, and role in modern decentralized finance.
Briefly about the main thing
- Beta Finance is a decentralized financial marketplace with functionality for lending, borrowing and marginal short trading. Works on the Ethereum blockchain.
- Borrowers provide collateral to open a loan position, lenders receive profits from their deposited coins, and traders can drill leveraged positions through decentralized exchanges.
- BETA is a utility token that serves to incentivize staking, decentralized governance, and rewards for liquidity mining.
- In the fall of 2021, a Beta Finance (BETA) token sale took place in Binance Launchpadallocated 50,000,000 BETA.
- The token can be stored in wallets that support the Ethereum blockchain, the most popular of which are Trust wallet, Metamask, Ledger, SafePal.
Buy Beta Finance (BETA) on Binance.
BETA Token Price in USDT
general information
| Designation | Beta Finance |
|---|---|
| Clock | BETA |
| Token launch year | 2021 |
| Token Type | ERC-20, BEP-20 |
| Blockchain | Ethereum, Binance Smart Chain |
| Reviewers | https://bscscan.com/token/0xfc5728385faa49b6e599a01b7e04c3a6d6efd8a9 https://etherscan.io/address/0xbe1a001fe942f96eea22ba08783140b9dcc09d28 |
| Maximum emission | 1.000.000.000 BETA |
| Binance Launchpad Token Sale | From September 30th to October 8th, 2021 |
| Initial delivery | 160.000.000 BETA |
| starting price | 0,06$ |
| Official website | https://betafinance.org/ |
| White paper | https://github.com/beta-finance/beta/blob/master/audits/BetaWhitepaperAndDisclaimer.pdf |
| Documentation | https://betafinance.gitbook.io/betafinance/ |
| Nativity | https://github.com/beta-finance/ |
| Blog | https://medium.com/beta-finance |
| Social media | https://twitter.com/beta_finance https://t.me/BetaFinanceProtocol/ https://discord.gg/kcecQQRyZJ |
| Exchanges | Binance |
Beta Finance Platform Study
The Beta Finance protocol provides users with the ability to leverage accessible money markets with automatic token listings and an efficient open-ended sale tool. The solution allows for new strategies to be employed by combining convenient DeFi tools. The protocol is initially available on the Ethereum network, but is expected to scale with additional Layer 2 and Layer 1 solutions later.
To work with the platform, you will need a wallet connected to the Ethereum network, for example, Metamask, Coinbase Wallet, Fortmatic. Coins are backed as collateral in the early stages ETH, COME ON, USDT, USDC.
Let's take a look at the main platform options:
BETA Token and its Distribution on Binance Launchpad
The BETA utility token has the following main functions (both at launch and in plans):
- Staking incentives. Token holders can stake them in the protocol to receive a share of the system’s revenue.
- Control. BETA holders have the right to vote in the platform management process, thus influencing the features of the resulting functionality and key parameters. Thus, the development vector of the project depends on the community.
- Liquidity mining. Placing assets in a lending pool provides the opportunity to earn money based on the interest rate paid by borrowers.
Where to buy, sell and store BETA
The first centralized exchange to list BETA will be Binance, immediately after the token sale. In fact, since it is an ERC-20 and BEP-20 token, the token will be available for trading on decentralized exchanges with free sum of assets, for example:
- Uniswap
- Sushiswap
- bakeryswap
- Pancakeswap
Wallets capable of storing tokens in these formats: Trust wallet, Metamask, Binance Chain Wallet, Ledger, Mathwallet etc.
Frequently asked questions
Conclusion
Beta Finance is a new smart liquidity protocol that empowers users in the decentralized financial market. The protocol has been audited by PeckShield and OpenZeppelin and has been confirmed as secure. However, remember to always do your own research before investing in any new (or old) project, no matter how high their security standards may seem. Beta Finance offers the opportunity to earn money in different ways; one of its most interesting features is its decentralized open-sale mechanism with fast, one-click access to popular DEXs.