ING:[New Token?Launch] Announcement on the Launch of Balancer (BAL)_BeforeCoinMarketCap

DearCoinUpusers：

CoinUpwillofficiallylaunchBalancer(BAL)at5pm,1September,2022(SGT).

Newtradingpairs:BAL/USDT

ProjectInformation

BalancerisanAMM(automatedmarketmaking)protocolsimilartoUniswapthatallowsforthecreationofflexiblepoolsofliquiditythatconstantlyadjustthemselves.Thesepoolsofliquiditycancontainmultipletokenswithdifferentweights,aswellascustomizabletransactionfees.ABalancerpoolcanbethoughtofasanindexfundinwhichliquidityprovidersarepaidwithouthavingtopaymaintenancefees,asintraditionalfinance.

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BalancerhasmanydifferencescomparedtoUniswapwhichiscompletelydecentralized.Thefirstisthataliquiditypoolcansupportuptoeightcurrencies,whileUniswapcanonlysupporttwo.Secondly,eachcurrencycanbeweightedsothatthereisnoneedtoensurethateachcurrencyinthepoolhasthesamedollarvalueasUniswap,whichisconvenientformarketmakers.Butitalsoleadstothedifferenceintherateofchangeofpriceinthetwodirectionsofbuyingandselling.Finally,unlikeUniswap,whichiscompletelydecentralized,thecreatoroftheBalancerliquiditypoolhastheauthoritytomodifythetransactionfees(0.0001%-10%),butintermsofincome,allliquidityprovidersarethesame.

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RiskWarning

Tradingindigitalcurrenciescarriessignificantrisksandpricesmayfluctuatedramatically.UsersareadvisedtoparticipatewithcautionandtoconsidercarefullybeforedecidingtobuyorsellPleaseconsideryourexperienceandrisktolerancelevelintradingdigitalassetsbeforedecidingtobuyorsell;CoinUp'sannouncementsandinformationdonotconstituteanytradingadviceandCoinUpwillnotbeliableforanydirectorindirectlossesarisingfromrelianceonsuchinformation.CoinUpisnotresponsibleforanydirectorindirectlossesincurredasaresultofrelianceonthisinformation,andCoinUpisnotliableforanyuser-initiatedactions,warrantiesorindemnities.

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Thankyouforyourinterestandsupport!

CoinUp,YourCryptoOasis

First-everOne-stopCryptoDerivativesPlatformGovernedbyDAO

September1,2022

FollowusonsocialmediaTwitter:?https://twitter.com/CoinUpOfficials

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