What is Beta Finance?
Beta Finance is a cross-chain permissionless money market platform for crypto lending, borrowing and short selling services.
Beta Finance has created a built-in Short tool in “1 click”, allowing users to rebalance the DeFi market, as well as automatically create money markets for a token.
Beta Finance’s mission is to build DeFi tools and infrastructures to offset market volatility and create more stable conditions for the mass adoption of DeFi.
Key Features of Beta Finance
Beta Finance focuses on user experience. Beta Finance provides relevant metrics and information, allowing DeFi users to initiate, manage and close Short positions with a single click.
Lenders can lend any token for profit, creating a market without authorization as long as this market does not exist yet. Traders can buy the Premium package to access all tokens, execute Short trades and hedging strategies.
Key features on Beta Finance
- “1 Click” Short tool: Beta Finance provides a simple integrated tool that allows DeFi users to short crypto. Users can view relevant metrics such as price and slippage directly on the interface, and easily manage and update positions on the dashboard.
- Permissionless Money Market: Beta Finance allows users to automatically create a money market for any ERC-20 token.
- Isolated collateral model: to support volatile assets, Beta Finance introduces an isolated collateral model, making users only responsible for the collateral that has been associated with a position.
What can users do on Beta Finance?
- Lending: to deposit assets to lend and receive interest
- Shorting: to short crypto to make profit like Future trading
- Protecting farmed asset value: short a farmed amount of crypto to preserve profits against the risk of large price drops
- Arbitrage trading: users can buy tokens on a centralized exchange and move to a decentralized exchange to sell and profit from the price difference
Token BETA
BETA is Beta Finance’s native utility token, which has the following uses:
- Staking incentive: BETA holders can stake tokens and receive a share of the profits from the revenue generated from the network.
- Liquidity Mining: liquidity providers can stake assets into pools for lending and short selling. They will be eligible to receive BETA tokens through a liquidity mining program adjusted based on user contributions and other parameters.
- Governance: BETA holders will be able to participate in voting for new product features of Beta Finance.
Specifications
- Symbol: BETA
- Blockchain: Ethereum
- Token standard: ERC-20
- Total supply: 1,000,000,000 BETA
- Circulating Supply: 160,000,000.00 BETA
Token Allocation
The total supply of 1,000,000,000 BETA is allocated as follows:
- Binance Launchpad sale: 5%
- Seed sale: 10%
- Strategic sale: 5%
- Alpha Finance sale: 5%
- Development team: 20%
- Ecosystem growth: 35%
- Liquidity mining: 20%
BETA token Price today
How to buy BETA
Beta Finance (BETA) will be listed on Attlas Exchange at 14:00 on 2021/10/09 (UTC+7)
Traders can easily and securely buy BETA with lowest fees on Attlas Exchange.
Step 1: Download the app and register an account
Step 2: Select Market on the toolbar at the main screen
Step 3: Select Spot
Step 4: Find BETA
Step 5: Select Buy
Summary
This article is an overview of Beta Finance (BETA), not a financial advise.
Users are advised to do their own research before making any trading decisions.