Convert and Swap Balancer BAL to Central African Cfa Franc XAF
BAL/XAF: 1 Balancer equals FCFA 1,486.14 XAF
Last update: 10:41 AM, January 13, 2025
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Balancer is falling this week.
The current price of Balancer is FCFA 1,486.14 per BAL. With a circulating supply of 61,551,315.206 BAL, it means that Balancer has a total market cap of FCFA 91,393,571,493.26. The amount of Balancer traded has risen by FCFA 2,536,702,564 in the last 24 hours, which is a 36.74% increase. Additionally, in the last day, FCFA 6,904,311,119 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.
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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 1,486 XAF. In other words, to buy 5 Balancer, it would cost you FCFA 7,431 XAF. Inversely, FCFA 1 XAF would allow you to trade for 0.000673 BAL while FCFA 50 XAF would convert to 0.033644 BAL, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 18.23%. Meanwhile, in the last 24 hours, the rate has changed by 6.23%, and that the the highest exchange rate of 1 BAL to Central African Cfa Franc was FCFA 1,615.98 XAF and the lowest 24 hour value was 1 BAL for FCFA 1,478.32 XAF. This time last month, the value of 1 BAL was FCFA 2,221 XAF, which is a 34.29% increase from where it is now. Looking back a year, Balancer has changed by FCFA 2,509 XAF. That means that in a single year, the value of Balancer has shrank by 43.56%.
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 1,568.26 XAF | -6.23% | FCFA 1,793.43 XAF | -18.23% | FCFA 2,220.75 XAF | -34.29% | FCFA 2,508.79 XAF | -43.56% |
BAL to XAF
Amount | Today at 10:41 am |
|---|---|
0.5 BAL | FCFA 743.07 |
1 BAL | FCFA 1,486.14 |
5 BAL | FCFA 7,430.71 |
10 BAL | FCFA 14,861.42 |
50 BAL | FCFA 74,307.10 |
100 BAL | FCFA 148,614.20 |
500 BAL | FCFA 743,071.02 |
1,000 BAL | FCFA 1,486,142.04 |
XAF to BAL
Amount | Today at 10:41 am |
|---|---|
0.5 XAF | 0.000336 BAL |
1 XAF | 0.000673 BAL |
5 XAF | 0.0034 BAL |
10 XAF | 0.0067 BAL |
50 XAF | 0.0336 BAL |
100 XAF | 0.0673 BAL |
500 XAF | 0.34 BAL |
1,000 XAF | 0.67 BAL |
Today vs. 24 hours ago
Amount | Today at 10:41 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 BAL | FCFA 743.07 | FCFA 791.05 | -6.07% |
1 BAL | FCFA 1,486.14 | FCFA 1,582.10 | -6.07% |
5 BAL | FCFA 7,430.71 | FCFA 7,910.51 | -6.07% |
10 BAL | FCFA 14,861.42 | FCFA 15,821.01 | -6.07% |
50 BAL | FCFA 74,307.10 | FCFA 79,105.06 | -6.07% |
100 BAL | FCFA 148,614.20 | FCFA 158,210.13 | -6.07% |
500 BAL | FCFA 743,071.02 | FCFA 791,050.64 | -6.07% |
1,000 BAL | FCFA 1,486,142.04 | FCFA 1,582,101.28 | -6.07% |
Today vs. 1 month ago
Amount | Today at 10:41 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 BAL | FCFA 743.07 | FCFA 1,139.31 | -34.78% |
1 BAL | FCFA 1,486.14 | FCFA 2,278.63 | -34.78% |
5 BAL | FCFA 7,430.71 | FCFA 11,393.14 | -34.78% |
10 BAL | FCFA 14,861.42 | FCFA 22,786.29 | -34.78% |
50 BAL | FCFA 74,307.10 | FCFA 113,931.43 | -34.78% |
100 BAL | FCFA 148,614.20 | FCFA 227,862.85 | -34.78% |
500 BAL | FCFA 743,071.02 | FCFA 1,139,314.26 | -34.78% |
1,000 BAL | FCFA 1,486,142.04 | FCFA 2,278,628.52 | -34.78% |
Today vs. 1 year ago
Amount | Today at 10:41 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 BAL | FCFA 743.07 | FCFA 1,406.80 | -47.18% |
1 BAL | FCFA 1,486.14 | FCFA 2,813.60 | -47.18% |
5 BAL | FCFA 7,430.71 | FCFA 14,068.00 | -47.18% |
10 BAL | FCFA 14,861.42 | FCFA 28,136.00 | -47.18% |
50 BAL | FCFA 74,307.10 | FCFA 140,679.98 | -47.18% |
100 BAL | FCFA 148,614.20 | FCFA 281,359.96 | -47.18% |
500 BAL | FCFA 743,071.02 | FCFA 1,406,799.82 | -47.18% |
1,000 BAL | FCFA 1,486,142.04 | FCFA 2,813,599.64 | -47.18% |
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