Review on Balancer by Victor Daniel
MY REVIEW ON BALANCER
This is a Decentralized crypto Exchange. It is an emerging decentralized finance ( DEFI), protocol, Balancer uses a combination of crypto assets to provide this service enabling trading without a financial intermediary like an exchange.
Balancer is a kind of index fund, where users creates funds based on their cryptocurrencies in their portfolios. These funds are known as Balancer pools.
Balancer pools are composed of up to eight different cryptocurrencies.
A Balancer pools value is determined by the percentage of each token within it, a weight chosen during the pools creation.
Balancer has a friendly user interface that enables trader's to trade with ease.
Updated 3 years ago
Rating has not been changed
Exhaustive research was made after my previous review on this exchange platfrom, It haven't done much update on it platform,they is still limited crypto currencies on it, Ethereum and other coins are available,users still get financial profits from trading on it's platform.
This is all I have experienced during this few weeks of using this platform and I will update more if anything new is been implemented.
Pros
- You stand an opportunity of making enough money
Cons
- It supports only Ethereum and some other crypto coin
