We are happy to announce that BAL has joined the family of the over 200 cryptocurrencies available for exchange on Changelly! Starting today, users will be able to exchange it with other digital assets at floating rates on our platform.
The goal of the Balancer Labs has been to decentralize and diversify governance of the Balancer Protocol. Balancer Labs have looked into several approaches and designs, and have landed on an approach that they are proud to share: the Balancer Protocol Governance Token (BAL).
Balancer believes that alignment between token holders and protocol stakeholders is crucial for successful decentralized governance. More explicitly, they believe BAL tokens are the vehicle to drive alignment and participation in the protocol. BAL tokens are not an investment; BAL token holders should be people who interact with the protocol in some way, are committed to its future development, and want a seat at the governance table.
We are happy to welcome BAL token on our platform and are confident that our users will appreciate the proposed concept of liquidity mining, where BAL tokens are distributed to liquidity providers.
Balancer is an Automated portfolio manager and trading platform. The Balancer Protocol is a core building block of DeFi infrastructure – a unique financial primitive and permissionless development platform. Balancer is the most flexible and versatile Automated Market Maker, giving developers unprecedented customizability.
Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 200+ cryptocurrencies that can be effortlessly swapped within 10 minutes on desktop and on the go via Changelly mobile app.
In 2020, Changelly branched out to accommodate the needs of traders. PRO has been built as a platform focused on the customer’s needs, effectively enabling retail buying and selling digital tokens and coins. Piggy-backing on the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution, and 24/7 live support.