The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
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Market
Market stats
Market cap
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Volume (24h)
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Circulating supply
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All time high
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Price change (1h)
+100%
Price change (24h)
+100%
Price change (7d)
+100%
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Bafe io is on the rise this week.
The price of Bafe io has risen by 100.00% in the past 7 days. The price increased by 100.00% in the last 24 hours. In just the past hour, the price grew by 100.00%.
About
What Is Bafe.Io?
Bafe.Io is a community-driven, fully fair launched deflationary token. Deflationary tokens have a reducing supply over time to increase the value of each token. The development team had burned (i.e. destroyed) the group's tokens in order to maintain the deflationary aspect of the token. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key, causing the tokens to be lost forever.
Next, each transaction on Bafe.Io is taxed a 10% fee that splits into two parts: a 5% fee is redistributed to all existing holders, and the remaining 5% fee is added to the liquidity pool and burned. A liquidity pool contains funds deposited by liquidity providers (LPs) on a blockchain network.
Bafe.Io employs three functions on each trade:
Static/Reflection: It is a misconception that a heavy APY (annual percentage yield) average is one of the biases of impermanent loss from staking for a farming reward. APY is a basic calculation of the return rate used in crypto and also traditional finance. New cryptocurrency prospectors are pushed out by earlier buyers with high staking rewards as they get sucked into a high APY LP-farming trap. This is all with the explosion of DeFi. The tokens predominantly suffer from the inevitable valuation bubble, followed by a burst and collapse of the price. Thus, Bafe.Io implements the concept of static rewards, also known as reflection, to eliminate the problem caused by farming rewards.
Automatic Burns: Burn at the initial stage on any protocol can be nice, but this cannot be controlled in any way. Burns being managed by the team and promoted based on achievements helps keep the community rewarded and informed. Therefore, Bafe.Io is planning to implement a burn strategy that will benefit users who are engaged in the long term.
Automatic Liquidity Pool: Automatic LP hopes to become the key to the success of BAFE. There is a function in automatic LP for the holders that works as a two-fold beneficial implementation. Firstly, the contract sucks the tokens from buyer and seller and adds them to an LP to create a solid price floor. Secondly, to secure the Bafe volume as a reward to holders, the penalty works as an arbitrage-resistant mechanism.
Lastly, the total supply of BAFE tokens is 1 quadrillion.
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Bafe io Calculator
How much is 1 BAFE?
Conversion Table
BAFE/CAD (Canadian Dollar)
CA$0.00
BAFE/BRL (Real)
R$0.00
BAFE/EUR (Euro)
€0.00
BAFE/NGN (Nigerian Naira)
NGN 0.00
Reading List
News
Decrypt • Sep 27, 23
You Can Now Trade Bitcoin Mining Hashpower on Arbitrum
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Unchained • Sep 27, 23
SEC Chair Gensler Says Bitcoin Isn’t a Security
Appearing before the U.S. House Financial Services Committee on Wednesday, Securities and Exchange Commission (SEC) Chair Gary Gensler said that bitcoin (BTC) isn’t a security but stopped short of calling the digital asset a commodity. The sentiment echoed Gensler’s previously more lenient stance on
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CoinDesk • Sep 27, 23
The Protocol: Google Pushes Deeper into Blockchain
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CoinDesk • Sep 27, 23
With All Eyes on a Spot Bitcoin ETF Approval, Don’t Sleep on ETH (or ETHE)
There’s a better trade than buying Grayscale’s GBTC if you’re optimistic the SEC will approve crypto ETFs.
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The Block • Sep 27, 23
FalconX participates in $3 million seed round for DeFi portfolio manager Bril Finance
Bril Finance raised $3 million in seed funding from FalconX, Kosmos Ventures and the Algorand Foundation. It also officially launched on Sei.
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FAQ
What is the current price of Bafe io?
We update our Bafe io to USD currency in real-time. Get the live price of Bafe io on Coinbase.
What other assets are similar to Bafe io?
Assets that have a similar market cap to Bafe io include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.
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