Balancer Token is another fast rising coin in the cryptocurrency market today.
On this article, we are going to review Balancer.
Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.
Balancer is a software running on Ethereum that seeks to incentivize a distributed network of computers to operate an exchange where users can buy and sell any cryptocurrency. It might help to think about Balancer as a kind of index fund, where users create funds based on the cryptocurrencies in their portfolios.
There are 6,943,831.00 BAL in supply.
Pros of Balancer
- A lot of investors are ‘flocking’ to invest
- It is now listed on Coinbase
- They are fully decentralized
Cons of Balancer
- The coin is still under development
- Multiple issues with its synchronizations between ledgers
Is Balancer Legit or Scam?
Due to the high rate of scam in cryptocurrency, a lot of traders have been trading in fear and most have also given up.
According to research, Balancer is not a scam coin. It has been listed on top cryptocurrency wallets like Blockchain, Binance and lots more.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about Balancer on the comment section below. Don’t forget to rate and leave a review.