What is Beta Finance? Complete set of Beta Finance and token $BETA

Beta Finance Overview

What is Beta Finance?

Beta Finance is a DeFi project using Cross-chain technology that allows investors to access the cryptocurrency market easily and quickly. Here, investors can borrow, lend to earn profits and perform short-selling transactions similar to the Sell feature in Binance Futures.

Highlights of Beta Finance

1 Click Short tool : This tool allows investors to place Short orders (short sale) with a simple click and Beta Finance system will automatically place trading orders.

Permissionless Currency Market (no permission required) : With Beta Finance, everyone can create their own crypto market consisting of their own ERC-20 tokens.

Isolated Collateral Model : Beta Finance introduces a separate collateral model in which the user is only responsible for collateral explicitly linked to an order.

Example : You use 10 ETH as collateral on Beta Finance. In which, 5 ETH is used to borrow $ALPHA and 5 ETH is used to short-sell $SHIBA. If $SHIBA goes up, this Short will be at risk of being liquidated and you will only lose 5 ETH. The remaining amount of ETH is linked to your $ALPHA position so it will not be liquidated.

Some features on Beta Finance

Lending & Borrowing : This function is similar to Aave, Compound platforms. Investors can deposit crypto assets into Beta Finance to provide liquidity to the platform and they will receive interest on lending. In addition, investors can also mortgage their assets to borrow other cryptocurrencies.

What is Beta Finance?  Complete set of Beta Finance and token $BETA

Short-selling : This function of Beta Finance will be similar to the Sell order in Binance Futures, allowing investors to collateralize their crypto assets. After that, users will borrow any supported tokens/coins on Beta Finance and start shorting those coins.

What is Beta Finance?  Complete set of Beta Finance and token $BETA

Managing Positions : This function allows users to view and manage all their Lending & Borrowing, Short-selling positions on the interface of Beta Finance. Important indicators that users can view are APY interest rate, debt position amount, etc.

What is Beta Finance?  Complete set of Beta Finance and token $BETA

Investors of Beta Finance

Investors of Beta Finance include ParaFi Capital, Delphi Ventures, Multicoin Capital, DeFiance Capital.

What is Beta Finance?  Complete set of Beta Finance and token $BETA

$BETA . Token Overview

What is the $BETA token?

$BETA is the official token of Beta Finance, it is used in Beta Finance with the following functions:

Staking Rewards : $BETA token holders can stake them on Beta Finance and will receive rewards from the platform.

Liquidity Mining : Investors can use $BETA to provide liquidity on Beta Finance and have a chance to receive a reward of $BETA tokens.

Participation in governance (Governance) : $BETA token holders have the right to propose and contribute ideas to help developers build Beta Finance projects.

About $BETA . Token

  • Token Name : Beta Finance
  • Ticker : BETA
  • Blockchain : Ethereum, Binance Smart Chain
  • Contract Address : Updating
  • Token Standard : ERC-20, BEP-20
  • Total Supply : 1,000,000,000 MNDE
  • Circulating Supply : Updating

$BETA . Token Allocation

  • Binance Launchpad Sale : 5%
  • Seed Sale : 10%
  • Strategic Sales : 5%
  • Alpha Finance Launchpad : 5%
  • Team and Advisors : 20%
  • Ecosystem Growth : 35%
  • Liquidity Mining : 20%

What is Beta Finance?  Complete set of Beta Finance and token $BETA

Information about Beta Finance Token Sale on Binance Launchpad

Registration Time : At 6:00 AM (UTC) to 10:00 AM (UTC) October 8, 2021, the system will let all eligible users register to buy $BETA tokens.

Calculation period for token distribution:  At 10:00 AM (UTC) to 11:00 AM (UTC) October 8, 2021, users will no longer be able to register and the system will calculate the allocation tokens for investors.

  • Hard Cap on Launchpad : 3 million US dollars
  • Hard Cap per user : US$20k
  • Number of tokens distributed on Binance Launchpad : 50 million BETA
  • Public Sale Price:  1 BETA = 0.06 USD
  • Supported payment method : BNB

After deducting enough BNB that investors used to buy $BETA tokens, the system will send both BNB and $BETA tokens to their wallet.

$BETA . token storage wallet

Investors can store $BETA tokens in wallets like MetaMask , Trust Wallet and exchange wallets.

summary

Thus, TraderH4 has just brought you all information about the Beta Finance project and the $BETA token. Beta Finance is the first project IDO on the Alpha Finance platform and also the 21st project launched on Binance Launchpad. If the IDO price of $BETA is 0.06 USD, in the future the price of the coin after listing on the exchanges will increase by what percentage? Join the discussion with the TraderH4 team via the group's Telegram !



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