# BAL(Balancer)

* Issue Time

  2020-06-23
* Total Supply

  55,447,327 BAL
* Circulation

  39,476,608 BAL
* White paper

  <https://balancer.finance/whitepaper/>
* Website

  <https://balancer.finance/>
* Twitter

  <https://twitter.com/Balancer>
* Discord

  <https://discord.gg/ARJWaeF>
* Block Explorer

  <https://etherscan.io/token/0xba100000625a3754423978a60c9317c58a424e3D>

Balancer is an AMM (automated market making) protocol similar to Uniswap that allows for the creation of flexible pools of liquidity that constantly adjust themselves. These pools of liquidity can contain multiple tokens with different weights, as well as customizable transaction fees. A Balancer pool can be thought of as an index fund in which liquidity providers are paid without having to pay maintenance fees, as in traditional finance.&#x20;

Balancer has many differences compared to Uniswap which is completely decentralized. The first is that a liquidity pool can support up to eight currencies, while Uniswap can only support two. Secondly, each currency can be weighted so that there is no need to ensure that each currency in the pool has the same dollar value as Uniswap, which is convenient for market makers. But it also leads to the difference in the rate of change of price in the two directions of buying and selling. Finally, unlike Uniswap, which is completely decentralized, the creator of the Balancer liquidity pool has the authority to modify the transaction fees (0.0001%-10%), but in terms of income, all liquidity providers are the same.

{% hint style="info" %}
Trade on ZKE Exchange：<https://www.zke.com/&#x20>;

Twitter：<https://twitter.com/ZKE\\_com&#x20>;

Telegram：<https://t.me/ZKEGlobal>

Support: <https://support.zke.com>
{% endhint %}