Everything about BETA (Beta Finance) cryptocurrency :
Beta Finance
Beta Finance is the permissionless money market for borrowing, lending, and shorting crypto assets.
1. Project introduction
Beta Finance is the permissionless money market for borrowing, lending, and shorting crypto assets. Beta Finance is a protocol that enables DeFi users to have access to a scalable and accessible money market where tokens can be listed permissionlessly and automatically, as well as to an effective, easy-to-use short selling tool. We encourage users to interact with our protocol and leverage new DeFi strategies that are now possible with an accessible on-chain short selling solution and permissionless listing.
Beta Finance is live on Ethereum Mainnet and Avalanche C-Chain networks. To enable the support of more volatile assets, Beta Finance has an isolated collateral model, meaning there is no cross-collateralization. For example, given 10 ETH used as collateral, with 5 ETH allocated to borrowing ALPHA, and 5 ETH allocated to short selling MATIC. If MATIC spikes in price, and users are at risk of liquidation, only the 5 ETH allocated to your MATIC position is at risk of liquidation. The other 5 ETH associated with ALPHA position is safe and will not be liquidated.
2. Team introduction
CEO & Founder: Allen Lee
Linkedin: https://www.linkedin.com/in/allenjlee/
3. Investment institution
SEQUOIA, Defiance Capital, Delphi capital, Multi coin capital, Parafi capital, GSR, SPARTAN Group
4. Application
Total supply: 1,000,000,000
Application:
(1) Staking incentives: BETA token holders will be able to stake their tokens on the protocol and act as a backstop for covering shortfall events. BETA holders who stake their tokens will receive a portion of the revenue generated by the protocol.
(2) Liquidity mining: Liquidity providers can stake their assets into the lending pools to enable borrowing and short selling. To incentivize these providers given opportunity costs, liquidity providers will be eligible to receive BETA tokens through a liquidity mining program, adjusted based on a user’s relative contribution and additional parameters.
(3) Governance: BETA token holders will be able to participate and vote in the governance process of the platform. Through governance, users can influence and modify product features and key parameters of Beta Finance. This will enable BETA token holders to influence the direction of the protocol's development.
Distribution:
Binance Launchpad Sale: 5.00%
Seed Sale:10.00%
Strategic Sale: 5.00%
Alpha Finance Launchpad: 5.00%
Team and Advisors: 20.00%
Ecosystem Growth: 35.00%
Liquidity Mining: 20.00%
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