Beta Finance coin price prediction 2022 Beta cryptocurrency reach $100 soon : Beta Finance coin

Beta Finance coin price prediction 2022 Beta finance (Beta) coin reach $100 – $1000 till these year: Beta Finance coin

Beta Finance (Beta) launchpad cryptocurrency coin everyday predicted as much popularity and price spike rate in the recent days. Beta Finance (Beta) token has an isolated collateral model which is serving as gateway to money market for DeFi users whom unrestricted permissionless access to runs protocols.

Investors can borrow, lend, short crypto assets on the Binance Finance protocol, Beta Finance (Beta) currently set up on the Ethereum Mainnet but not on the Binance Smart Chain or BSC main chain. users are required an Ethereum based connected ‘MainNet‘ wallet like Metamask and coinbase or others.

What is beta finance coin/token?

Beta Finance (Beta) coin works on the isolated collateral model, which eliminates any use of cross-collateralization. beta finance token provides safe pocket diversify holdings with borrowing amounts to keep safe the total investment ratio. A scenario where 15 ETH is used as collateral, with 6.5 ETH allocated to short-selling $ADA and 8.5 ETH to short-selling $XRP. Now, if the price of $ADA spikes and puts the user’s 6.5 ETH at risk of liquidation, the other 8.5 ETH linked with the $XRP position will not be liquidated.

Beta Finance (BETA) protocol is stick the DeFi ethos of ‘Open Finacne for all‘ to countering the two include price volatility and a lack of financial infrastructure main problems in the world. The BETA protocol also aims to scale its money market protocol with time to give its users the freedom to develop money markets anytime. The Beta Finance protocol aims to empower DeFi users to stand against the price volatility mechanism by equipping them with the feature of shorting assets.

in small letter, you understand from the image, which is given below. 

Beta Finance (BETA) Tokenomics

The Beta Finance (BETA) token will have the following breakdown:

• Total token supply: 1,000,000,000 BETA

• Launchpad hard cap of 3,000,000 USD

• Public sale token price: 1 BETA = 0.06 USD (price in BNB will be determined prior to subscription)

• Hard cap per user: 20,000 USD (333,333.33 BETA)

• Total tokens allocated to Binance Launchpad: 50,000,000 BETA (5% of Total Token Supply)

• Token sale format: Subscription

• Supported sessions: BNB only

What features and Why hold or buy Beta Finance?

Lending, Beta Finance (BETA) protocol, lenders can lend their assets for any money markets that are available on Beta Finance, the Assets are deposited on the Beta Finance (Beta) money market, bTokens are given to the lender,representing the share of interest that the lender will receive from their underlying tokens.

Borrowing, Borrowers who want to use collateral to enter a borrow position on Beta Finance can only do so if the loan-to-value (LTV) ratio is below the safety parameters of the particular asset tier for which the borrow position needs to be initiated.

Shorting, the borrowing mechanism does follows same principle on the short selling beta finance (Beta) token. Short sellers can use supported collateral to enter short positions and have the option to leverage a borrow on the Beta Finance platform and sell the borrowed token, the leverage services are providing by Binance Exchange.

Risk Framework, As highlighted above, Beta Finance (BETA) protocol works on an isolated collateral model which means that liquidation of a single asset doesn’t have an impact on the entire protocol. This is a part of the risk framework offered by the Beta Finance platform.

Binance launchpad, included many previous projects like Axie Infinity, Lab Sandbox, Safepal Tokocrypto, Injective Protocol and Alpha Finance, all of which have shown significant progress since their inception on the Binance exchange.

Finally, Beta finance recorded new ‘record’ in the Binance launchpad protocols where mostly new launch pad had been added, Beta Finance token reached $5.08 from $0.06 in just an minutes of times.

The future says, A Binance backed Beta Finance token might reach $100 (till 2022) to $1000 (in 2025) in their Finance Launchpad and borrowing collateral models system.

Thank You!

Written By RKM