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Balancer (BAL) is the native governance token of the Balancer protocol. BAL token holders have a right to participate in the development of the protocol through voting. The platform does not yet have a formal governance structure, but according to Balancer, token holders have the right to vote on the implementation of layer two solutions, the deployment of Balancer in blockchains other than Ethereum, and adjusting fees at the protocol level. Balancer wants all BAL token holders to have a formal impact and contribute to the platform.

There are approximately 42 million BAL tokens currently in existence, with a maximum total supply capped at 100 million coins. The distribution of the 100 million BAL tokens will be as follows:

  • 25 million will go to stakeholders in Balancer Labs including the founding team, investors, advisors and those who own stock options (for example, current and future employees of Balancer labs).
  • 5 million will go to the Balancer Ecosystem Fund that will be deployed to incentivize strategic partners that will help grow the Balancer ecosystem. The direction that this fund takes will be determined by BAL token holders.
  • 5 million will go to the Fundraising Fund. This will give Balancer Labs more opportunity to facilitate development and operations in the future.
  • The remaining 65 million will be distributed via liquidity mining, which was activated in June 2021. This process will distribute 145,000 BAL tokens each week. It will take approximately 9 years to fully distribute all BAL tokens.

To earn BAL, users have to lend cryptocurrency assets to a liquidity pool in the exchange. In return, users receive BAL rewards each week. Alternatively, BAL can be purchased from a cryptocurrency exchange. BAL is currently supported by centralized exchanges such as Bibox, FTX and Poloniex, and decentralized exchanges such as Uniswap and Balancer.Balancer (BAL) is the native governance token of the Balancer protocol. BAL token holders have a right to participate in the development of the protocol through voting. The platform does not yet have a formal governance structure, but according to Balancer, token holders have the right to vote on the implementation of layer two solutions, the deployment of Balancer in blockchains other than Ethereum, and adjusting fees at the protocol level. Balancer wants all BAL token holders to have a formal impact and contribute to the platform.

There are approximately 42 million BAL tokens currently in existence, with a maximum total supply capped at 100 million coins. The distribution of the 100 million BAL tokens will be as follows:

  • 25 million will go to stakeholders in Balancer Labs including the founding team, investors, advisors and those who own stock options (for example, current and future employees of Balancer labs).
  • 5 million will go to the Balancer Ecosystem Fund that will be deployed to incentivize strategic partners that will help grow the Balancer ecosystem. The direction that this fund takes will be determined by BAL token holders.
  • 5 million will go to the Fundraising Fund. This will give Balancer Labs more opportunity to facilitate development and operations in the future.
  • The remaining 65 million will be distributed via liquidity mining, which was activated in June 2021. This process will distribute 145,000 BAL tokens each week. It will take approximately 9 years to fully distribute all BAL tokens.

To earn BAL, users have to lend cryptocurrency assets to a liquidity pool in the exchange. In return, users receive BAL rewards each week. Alternatively, BAL can be purchased from a cryptocurrency exchange. BAL is currently supported by centralized exchanges such as Bibox, FTX and Poloniex, and decentralized exchanges such as Uniswap and Balancer.Balancer (BAL) is the native governance token of the Balancer protocol. BAL token holders have a right to participate in the development of the protocol through voting. The platform does not yet have a formal governance structure, but according to Balancer, token holders have the right to vote on the implementation of layer two solutions, the deployment of Balancer in blockchains other than Ethereum, and adjusting fees at the protocol level. Balancer wants all BAL token holders to have a formal impact and contribute to the platform.

There are approximately 42 million BAL tokens currently in existence, with a maximum total supply capped at 100 million coins. The distribution of the 100 million BAL tokens will be as follows:

  • 25 million will go to stakeholders in Balancer Labs including the founding team, investors, advisors and those who own stock options (for example, current and future employees of Balancer labs).
  • 5 million will go to the Balancer Ecosystem Fund that will be deployed to incentivize strategic partners that will help grow the Balancer ecosystem. The direction that this fund takes will be determined by BAL token holders.
  • 5 million will go to the Fundraising Fund. This will give Balancer Labs more opportunity to facilitate development and operations in the future.
  • The remaining 65 million will be distributed via liquidity mining, which was activated in June 2021. This process will distribute 145,000 BAL tokens each week. It will take approximately 9 years to fully distribute all BAL tokens.

To earn BAL, users have to lend cryptocurrency assets to a liquidity pool in the exchange. In return, users receive BAL rewards each week. Alternatively, BAL can be purchased from a cryptocurrency exchange. BAL is currently supported by centralized exchanges such as Bibox, FTX and Poloniex, and decentralized exchanges such as Uniswap and Balancer.