Get the Balancer Token and Safely Secure it on Numio

What is Balancer?

Crypto offers endless opportunities to cut out the middleman in money markets. By removing banks, exchanges, and – in Balancer’s case – the portfolio managers of index funds, it stops these institutions from taking unnecessary slices of the pie and lets money move faster, more profitably, and, crucially, free from interference.

Balancer, a DeFi protocol, is an automated money market running on Ethereum that seeks to offer “index funds” for crypto investors. By directly swapping assets rather than using order books, users transacting on the network have access to better opportunities in the market. Balancer is completely permissionless – and no account is needed. Anyone who owns crypto can participate in Balancer’s liquidity pools and trading opportunities.

This makes Balancer’s BAL token an intriguing and perhaps exceptional investment opportunity. As an ERC-20 token, one of the best ways to acquire it is through Numio, a Layer-2 Ethereum payments app with significant functionality. 

How does Balancer Work?

Rather than paying a portfolio manager adjusting your portfolio (badly) in sync with the market, Balancer’s various pools – including public, private and smart pools – adjust themselves in line with market movements, with liquidity providers to these pools collecting fees from the traders who are seeking arbitrage opportunities.

A Balancer pool has between 2 and 8 tokens that have a pre-set ratio. For example, a pool could consist of 40% ETH, 40% wBTC and 20% LEND. If ETH’s price rises or a user drains all the LEND liquidity, the pool rebalances itself to maintain the ratio in the pool. The pool interacts with a network of other Balancer pools to give traders the best prices, while rewarding the liquidity providers with the fees that they themselves have set on their private pool.

Users of Balancer are able to join pre-existing popular public pools that match their asset profile and which are already chock-full of liquidity so, therefore, have a lower risk profile. Users can also create or join private pools, from which only the provider can adjust the ratios of crypto in the pool and set fees. These pools often have superlative gains if the pool provider manages the fund well.

What is the BAL token?

Users of Balancer are given BAL, which lets them govern, manage and guide future developments on the network, or which they can further trade on the open market. The token has a 24-hour trading volume of $40,877,345. The max supply is 100,000,000 tokens. 35 million of that belongs to founders, employees subject to vesting periods, and the Balancer ecosystem fund. The rest are to be pushed out as rewards for using the network.

Is Balancer Hard to Get?

Getting cryptocurrencies, whether by purchasing or trading, can be a daunting prospect for beginners. This is particularly true for any cryptocurrency that isn’t Bitcoin or Ethereum – with Ethereum tokens, also known as ERC-20 tokens, such as BAL being a prime example.

If you are thinking about getting BAL then Numio is a great choice for handling your assets. Numio allows you to pay people using your stored BAL assets, as easily as if it were cash. If you are a bit more crypto savvy you can also trade and swap BAL at the touch of a button.

How Can I Get BAL?

Getting BAL is easy on Numio. You can use your credit or debit card to purchase ETH or USDC, which can then be exchanged for BAL *, you can swap or trade it for other ERC-20 tokens (up to 100x cheaper than other wallets), and you can send or receive it as a payment. Whatever way you choose you can be sure that you are always in full control of your BAL .

*direct BAL purchases coming soon.