Beta Finance
Name
Beta Finance
Summary
-Beta finance is a permission-less money market protocol for lending, borrowing and short selling crypto assets.
-It was founded by Allen lee in 2021
-Beta finance uses Proof of Stake (PoS)
Rating
Symbol
BETA
Overview
Beta finance aims to offset crypto volatility and bring about market stability. Its one-click solution enables traders without technical knowledge to manage and update their short positions on any token with all relevant token information directly available on the interface that will allow them to make an informed decision
Beta finance also allows users to connect to Avalanche because Beta Finance is live on Ethereum Mainnet and Avalanche C-Chain networks.
To acquire the support of more volatile assets, Beta Finance has an isolated collateral model, meaning there is no cross-collateralization.
Historical Price Movement (in INR)
Technology
Beta finance is an ERC-20 token that is based on the Ethereum and Finance Smart Chain platform
Use of Native tokens in the ecosystem: BETA is Beta Finance’s native utility token and has the following current and planned functions:
Staking incentives: BETA token holders can stake their tokens on the protocol and act as a fail-safe for any shortfall events. BETA holders who stake their tokens will receive a portion of the revenue generated by the protocol.
Liquidity mining: Liquidity providers can stake their assets in the lending pools to allow borrowing and short selling. In order to incentivize these providers given opportunity costs, liquidity providers will be able to receive BETA tokens through a liquidity mining program, which is usually adjusted based on a user’s relative contribution and various other parameters.
Governance: BETA token holders will be able to participate and vote in the governance process of the platform. Through governance, users can influence and modify product features and key parameters of Beta Finance. This will enable BETA token holders to influence the direction of the protocol's development.
Strategic Sale
5%
Binance Launchpad
5%
Seed sale
10%
Alpha Finance Launchpad
5%
Ecosystem
35%
Team & Advisors
20%
Liquidity Mining
20%
Volume ( as of 11th april 2022)
$36,879,738
Total Supply
1,000,000,000 BETA
Circulating Supply
385,000,000.00 BETA
Funding
29/10/2021- Venture Round-$5.8M
Country
United States Of America
Year Incorporated
2021
Registered Address
Cambridge, MA,United States
Dispute Resolution and Governing Law
United States Of America
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Allen lee | Founder & CEO | Massachusetts Institute Of Technology- Masters of engineering (MEng),Electrical Engineering and Computer ScienceBachelor of Science (BS) | 7Yrs |
