Review on Balancer by Racheal Treasure
BALANCER PROJECT COMES WITH GREAT IDEALS
It is Decentralized platform that is well designed for easy navigation. Though it is new in crypto world, it has been doing a great job in my opinion. starting from how the website was designed, it makes it easy for the newbies to read and understand what the project is all about. Frequently asked questions is made available. It has a pool and exchange that made easy to use by anyone.
Personally i find the platform very easy to buy and sell any cryptocurrency without any financial intermediary.
Depositing an asset is also easy and fast, i also like how i earn on the asset deposited to the pool which come inform of it native token known has BAL. It worth to mentioned that it has private and public pool.
The project has social medial platform which keep people inform about the it and allow people to make comment, suggestion and even quarry them when necessary. I think this is good for the project to keep on growing.
In my opinion the project is doing well, though it was once hacked with the short period of establishment. I still believe that it still need to gather experience to overcome it challenges. Time will tell if it will maintain it good standard.
Pros
- Support Authomatic market making
- It protocol support multi asset per market
- The fee can be set by the creator of the pool
- It fee is low
- Transaction is very fast
- Easy to register on the platform
Cons
- It was hacked
- It new in crypto world
New products
Comments (1)
November 27, 2020
In my assessment, with this kind of project the crypto world will be soon well accepted by many people all over the world. Though it has it own challenges, carrying users along is one of the key success of the project.
