Crypto Academy Week 6 Homework Post for (besticofinder) - About Balancer (BAL) Investment

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Hello Steemit Crypto Academy Community,

We started a new week. He is starting our new courses. I selected my first course assignment from @besticofinder. He drew attention to the issues we need to pay attention to in crypto money investment. He asked us to prepare a research paper on this subject.

Balancer: Liquidity Protocol

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I will express my thoughts on the Balancer (BAL) investment, which is ranked 123rd in Coinmarketcap. It is a liquidity pool protocol built on the Ethereum network. The name of the token for this protocol is BAL. The BAL token is currently trading at $ 54.06. The trading volume in the last 24 hours is 312 million dollars.

Before investing in a crypto currency, we should do a comprehensive research about that crypto currency. First of all, we should read the white paper of the crypto money project. Every project has a white paper. If there is no white paper, that project is not reliable.

Click to access Balancer white paper.

I read Balancer's white paper. About 5-6 pages long. You can understand and read the white paper in 30 minutes. In the white paper, they present what they aim about the Balancer protocol by supporting these goals with mathematical formulas.

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Balancer Project Vision :
Balancer is an automatic market maker protocol. It also has a decentralized exchange in itself. Users can access the exchange with web3.0 wallets such as Metamask, Walletconnect, Portis, CoinbaseWallet, Fortmatic. You can make transactions with these wallets without any procedure. Thanks to its feature of adding personal liquidity, it has managed to be a pioneer in crypto money exchanges. It is the first exchange to start adding personalized liquidity.

Product :

Balancer project is a well respected project in the industry. It is a DEFI project. It really works as a product. It differs from similar projects at some points. This difference causes Balancer to grow even more.

Balancer Team:

Balancer has an impressive team. A team that knows the cryptocurrency industry and has experience in this industry.
A team that knows the future of the defi area and takes steps accordingly. They have a team consisting of Fernando Martnelli, Mike McDonald, Kristen Stone, Timur Badretdinov.

Fernando Martnelli: As a member of the Maker community, the DEFI field has enough experience. He regularly posts about the project on Twitter and medium.

Mike McDonald: Fernando Martnelli included him in his team. His position is CTO. It specializes in security engineering.

Kristen Stone: Users of the Coinbase exchange know Kristen Stone. She worked as a product manager at the Coinbase exchange. He has many years of experience in the cryptocurrency industry. She knows very well how to set up her team.

Timur Badretdinov: An engineer from Uzbekistan living in Russia. Although he is still young, he is very successful. He works as a pre-flour developer in the project.

Market position: Balancer has proven itself in the DEFI field. It ranks 17th in the market. Coinmarketcap is fine for a project that is ranked outside the top 100. Listed on good exchanges like Binance, Coinbasepro, Huobi Global, Gemini.

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It is a project that is constantly praised by crypto money experts. Youtube broadcasters recommend this project to twitter users with high followers. There are many news about the Balancer project on websites related to crypto money. There are many positive research articles on the Medimum site related to the Balancer protocol. You can see this by clicking here.

There has been a high interest in Defi projects lately, and this interest is increasing. Defi projects will attract attention for a long time. Because it is in line with the working principle of crypto coins.

There are a few other big exchanges that Balancer can list. If it is listed there, it will become more popular. It's good that it's not very popular yet because when it gets so popular you have to buy it at a high price.

Balancer seems to be a good project when it comes to fundamental analysis. I had invested around $ 17before. If the $BAL price drops, I will buy again. I talked about all the details in this research article.

Cc:
@steemitblog
@steemcurator01
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