Convert and Swap Balancer BAL to Central African Cfa Franc XAF
BAL/XAF: 1 Balancer equals FCFA 1,597.96 XAF
Last update: 10:59 AM, December 23, 2024
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Balancer is falling this week.
The current price of Balancer is FCFA 1,597.96 per BAL. With a circulating supply of 61,381,107.561 BAL, it means that Balancer has a total market cap of FCFA 98,182,588,631.50. The amount of Balancer traded has risen by FCFA 522,204,927 in the last 24 hours, which is a 6.28% increase. Additionally, in the last day, FCFA 8,309,264,605 worth of BAL has been traded.
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About Balancer
Balancer (BAL) is an Ethereum token that powers the Balancer protocol, an automated market maker that lets anyone create or add liquidity to trading pools while earning customizable trading fees. Balancer pools can have up to 8 tokens and each token can be individually weighted within the pool, such that one token can make up as little as 2% of the total.
Balancer (BAL) is an automated market maker (AMM) protocol that operates on the Ethereum blockchain. Launched in March 2020, Balancer aims to function as a self-balancing weighted portfolio, price sensor, and liquidity provider. It allows users to earn profits through its native token, BAL, by contributing to customizable liquidity pools. Balancer is not the first DeFi protocol to utilize AMMs, but it has introduced a unique approach to liquidity. It allows liquidity providers to have up to eight assets per market, which are weighted by percentage and rebalanced automatically. This feature enables users to decide how much of a supported asset they wish to deposit, providing flexibility and control over their investments.
Balancer operates through a system of pools: private pools, shared pools, and smart pools. Private pools give the owner governance over the pool, making them the sole contributor of liquidity. Shared pools are designed for those who want to become liquidity providers (LPs). LPs are rewarded with Balancer Pool Tokens (BPTs). Smart pools are similar to private pools but are controlled by a smart contract. They also reward users with BPTs and allow anyone to contribute liquidity to the pool. Balancer's unique feature is that it allows more than one token to be added and ETH isn’t required, providing a flexible and user-friendly platform for cryptocurrency enthusiasts.
Balancer's unique features open up a range of potential use cases. It allows users to earn profits by contributing to customizable liquidity pools, providing a potential source of income for those willing to participate in the DeFi space. Balancer also allows users to make a high return on assets that are in low demand through arbitrage opportunities and slippage-reduction. This makes it a potentially attractive option for those looking to maximize their returns in the cryptocurrency market. Furthermore, Balancer's flexible deposit system, which allows users to decide how much of a supported asset they wish to deposit, provides a level of control that can be appealing to both new and experienced cryptocurrency users.
Balancer was developed by Balancer Lab, which was founded by Fernando Martinelli and Mike McDonald. The project began as a research program at a software firm called BlockScience in 2018. Balancer was launched in March 2020 after raising a $3M seed round by Placeholder and Accomplice. Balancer wasn't launched with a native token, but in June 2020, they launched a governance token, BAL, following the success of Compound’s token COMP. The purpose of the token is to allow for more decentralization and as an incentive for LPs. Balancer's security is a top priority, and the protocol has been fully audited three times by Trail of Bits, ConsenSys, and OpenZeppelin.
How Balancer and Central African Cfa Franc differ
Balancer (BAL) and Central African Cfa Franc (XAF) are fundamentally different, with the former being a decentralized finance (DeFi) protocol and the latter a traditional fiat currency. Balancer operates on the Ethereum blockchain and aims to function as a self-balancing portfolio, price sensor, and liquidity provider. It allows users to earn profits through its native token, BAL, by contributing to customizable liquidity pools. Balancer's unique feature is that it allows more than one token to be added and ETH isn’t required, providing a flexible and user-friendly platform for cryptocurrency enthusiasts. On the other hand, the Central African Cfa Franc (XAF) is a traditional fiat currency used in six Central African countries. It is regulated by a central bank and does not operate on a blockchain. Unlike Balancer, the Central African Cfa Franc does not offer the potential for earning profits through liquidity provision or the flexibility of a decentralized platform.
Frequently asked questions
How much is 1 Balancer in XAF?
Right now, 1 Balancer is worth about FCFA 1,597.96.
How much BAL could I buy for 1 XAF?
Based on the current rate, you could get 0.000626 BAL for 1 XAF.
How much has the price of Balancer changed?
Balancer price has been declining. Since yesterday, the exchange rate of Balancer has decreased. Since last month, the exchange rate of Balancer has increased. Since this time last year, the price of Balancer has decreased.
How do I calculate or convert BAL to XAF?
You can use our BAL to XAF calculator at the top of this page to convert any amount of BAL to XAF. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 XAF is equivalent to 0.0031 BAL. Inversely, 5 BAL will cost about FCFA 7,989.81
How can I buy 1 Balancer on Coinbase?
Balancer is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Balancer.
What are assets similar to Balancer that I can buy?
There are a number of crypto assets that have the a similar or comparable market cap to Balancer, including FINSCHIA, Heroes of Mavia, and ICON. For a more robust list of assets to explore, jump to the asset page dedicated to Balancer.
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BAL to Central African Cfa Franc conversion tables
The exchange rate of Balancer is decreasing.
The current value of 1 BAL is FCFA 1,598 XAF. In other words, to buy 5 Balancer, it would cost you FCFA 7,990 XAF. Inversely, FCFA 1 XAF would allow you to trade for 0.000626 BAL while FCFA 50 XAF would convert to 0.031290 BAL, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 25.16%. Meanwhile, in the last 24 hours, the rate has changed by 0.72%, and that the the highest exchange rate of 1 BAL to Central African Cfa Franc was FCFA 1,620.96 XAF and the lowest 24 hour value was 1 BAL for FCFA 1,512.37 XAF. This time last month, the value of 1 BAL was FCFA 1,559 XAF, which is a 2.23% decrease from where it is now. Looking back a year, Balancer has changed by FCFA 2,501 XAF. That means that in a single year, the value of Balancer has shrank by 41.27%.
BAL to XAF performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
FCFA 1,602.22 XAF | -0.72% | FCFA 2,124.72 XAF | -25.16% | FCFA 1,559.11 XAF | 2.23% | FCFA 2,500.99 XAF | -41.27% |
BAL to XAF
Amount | Today at 10:59 am |
|---|---|
0.5 BAL | FCFA 798.98 |
1 BAL | FCFA 1,597.96 |
5 BAL | FCFA 7,989.81 |
10 BAL | FCFA 15,979.62 |
50 BAL | FCFA 79,898.09 |
100 BAL | FCFA 159,796.17 |
500 BAL | FCFA 798,980.87 |
1,000 BAL | FCFA 1,597,961.73 |
XAF to BAL
Amount | Today at 10:59 am |
|---|---|
0.5 XAF | 0.000313 BAL |
1 XAF | 0.000626 BAL |
5 XAF | 0.0031 BAL |
10 XAF | 0.0063 BAL |
50 XAF | 0.0313 BAL |
100 XAF | 0.0626 BAL |
500 XAF | 0.31 BAL |
1,000 XAF | 0.63 BAL |
Today vs. 24 hours ago
Amount | Today at 10:59 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 BAL | FCFA 798.98 | FCFA 804.75 | -0.72% |
1 BAL | FCFA 1,597.96 | FCFA 1,609.51 | -0.72% |
5 BAL | FCFA 7,989.81 | FCFA 8,047.53 | -0.72% |
10 BAL | FCFA 15,979.62 | FCFA 16,095.06 | -0.72% |
50 BAL | FCFA 79,898.09 | FCFA 80,475.31 | -0.72% |
100 BAL | FCFA 159,796.17 | FCFA 160,950.62 | -0.72% |
500 BAL | FCFA 798,980.87 | FCFA 804,753.12 | -0.72% |
1,000 BAL | FCFA 1,597,961.73 | FCFA 1,609,506.23 | -0.72% |
Today vs. 1 month ago
Amount | Today at 10:59 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 BAL | FCFA 798.98 | FCFA 785.34 | +1.74% |
1 BAL | FCFA 1,597.96 | FCFA 1,570.69 | +1.74% |
5 BAL | FCFA 7,989.81 | FCFA 7,853.43 | +1.74% |
10 BAL | FCFA 15,979.62 | FCFA 15,706.86 | +1.74% |
50 BAL | FCFA 79,898.09 | FCFA 78,534.31 | +1.74% |
100 BAL | FCFA 159,796.17 | FCFA 157,068.63 | +1.74% |
500 BAL | FCFA 798,980.87 | FCFA 785,343.13 | +1.74% |
1,000 BAL | FCFA 1,597,961.73 | FCFA 1,570,686.27 | +1.74% |
Today vs. 1 year ago
Amount | Today at 10:59 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 BAL | FCFA 798.98 | FCFA 1,332.06 | -40.02% |
1 BAL | FCFA 1,597.96 | FCFA 2,664.12 | -40.02% |
5 BAL | FCFA 7,989.81 | FCFA 13,320.58 | -40.02% |
10 BAL | FCFA 15,979.62 | FCFA 26,641.15 | -40.02% |
50 BAL | FCFA 79,898.09 | FCFA 133,205.77 | -40.02% |
100 BAL | FCFA 159,796.17 | FCFA 266,411.53 | -40.02% |
500 BAL | FCFA 798,980.87 | FCFA 1,332,057.65 | -40.02% |
1,000 BAL | FCFA 1,597,961.73 | FCFA 2,664,115.31 | -40.02% |
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