| General information | |
|---|---|
| Global rank: | 533 |
| Name: |
Balancer |
| Symbol: | BAL |
| Current coin price (PHP): | 32.86 ₱ |
| Last hour: | arrow_upward0.120 % |
| Last 24 hours: | arrow_downward-1.71 % |
| Last 7 days: | 1.43 %trending_up |
| Capitalisation (PHP): | 2 256 850 917.48 ₱ |
| Volume 24h (PHP): | 176 919 104.37 ₱ |
| Available supply: | 68 689 220.00 BAL |
| Total coin supply: | 35 435 000.00 BAL |
| Algorithm: | ETH Token |
| Start date: | 20/06/2020 |
Balancer/Philippine Peso (BAL/PHP) price chart
Balancer/Philippine Peso (BAL/PHP) capitalisation and volume charts
An AMM, or Automated Market Maker is a general term that defines an algorithm for creating and managing liquidity. Instead of paying fees to portfolio managers to rebalance the users' portfolio, they collect fees from traders, who rebalance their portfolio. Users can earn returns by providing liquidity or as a trader swap between any assets in the global liquidity pool.