Price
$0.0936
12/3/2022, 3:49:51 PM
diamondHands

Buy Babylon Finance with Coinbase Wallet

Babylon Finance can be traded using Coinbase Wallet, your key to the world of crypto.

Market

Market stats

Market cap

-

Volume (24h)

$138,354.08

Circulating supply

-

All time high

$218.14

Price change (1h)

-1.62%

Price change (24h)

-1.08%

Price change (7d)

+13.02%

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Babylon Finance is on the rise this week.

The price of Babylon Finance has risen by 13.02% in the past 7 days. The price declined by 1.08% in the last 24 hours. In just the past hour, the price shrunk by 1.62%. The current price is $0.0936 per BABL. Babylon Finance is 99.96% below the all time high of $218.14.

The current circulating supply is 0 BABL.

About

What Is Babylon Finance (BABL)?

Babylon Finance is a community-driven asset management protocol that runs on the Ethereum blockchain. Babylon Finance allows users to create trading communities called Gardens. Community members can invite members to deposit funds, suggest trading strategies, vote, and earn rewards. Babylon Finance collaborates with several different DeFi protocols to empower members with the tools they need to grow their assets under management. The mission of Babylon Finance is to create an ecosystem that rewards the users who support the trading ideas.

According to the litepaper, Babylon Finance is ERC-20 compatible, and participation in Gardens is implemented using the ERC-20 token standard. Garden tokens are trustless, and users can reissue or redeem them when entering or exiting the Garden. Babylon Finance allows users to suggest strategies, and other members can upvote or downvote them. It rewards based on the performance of the strategies. Users can develop a strategy by combining various DeFi protocols using Babylon Finance's interface without coding.

Users who don't know where to start can join Babylon Finance's Babylon Garden, discuss with strategists, and get exposed to the market by following experts. DeFi experts or strategists can share their expertise with the community of Babylon Finance to set up a Garden and help them access the community. Babylon Finance applies small fees based on the performance and funds allocated to the strategies.

In Gardens, users can split the transaction costs across all community members and earn a profitable margin. Gardens are trustless smart contracts, and only users have access to their funds. Gardens automate the profits across new and existing strategies to maintain capital efficiency. Each Garden in Babylon has an NFT (non-fungible token) that's a 3D representation of the Garden. The NFT changes as the Garden grows. The platform expects Gardens to eventually use the NFTs as membership badges that will provide access to unique opportunities.

The BABL is the ERC-20 governance token that runs the Babylon protocol. A governance token is a token that empowers its owners to participate in the voting to shape the future of a protocol. BABL allows token owners to participate in the protocol without gas governance. Users can also stake BABL tokens and earn APR (annual percentage rate).

History of Babylon Finance (BABL)

The token of the platform has a total supply of 1 million BABL.

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FAQ

What is the current price of Babylon Finance?

The price of 1 Babylon Finance currently costs $0.0936.

What is the market cap of Babylon Finance?

The current market cap of Babylon Finance is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Babylon Finance?

The all-time high of Babylon Finance is $218.14. This all-time high is highest price paid for Babylon Finance since it was launched.

What is the 24 hour trading volume of Babylon Finance?

Over the last 24 hours, the trading volume of Babylon Finance is $138.35K.

What other assets are similar to Babylon Finance?

Assets that have a similar market cap to Babylon Finance include Buff Doge Coin, Totally A Rug Pull, Chikn Egg, and many others. To see a full list, see our comparable market cap assets.

How many Babylon Finance are there?

The current circulating supply of Babylon Finance is 0.