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Binance New Cryptocurrency Listings: Balancer (BAL) and Travala (AVA)

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Ndy Tommy
@tomlee
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Hello there,

It is one thing to develop a token but it is another thing to get it listed on top exchanges for trading. So, it is important to get your tokens listed on exchanges. It could be expensive but it will sure contribute to token's growth.

Recently, Binance exchange listed two defi protocols for spot trading to commence - Balancer and Travala. More so, trading is open for the following pairs only; BAL/BNB, BAL/BTC and BAL/BUSD. Thus, depositing BAL is open but while trading, users should be aware that newly listed tokens are subject to high price volatility.

Talking of Balancer, it is an Ethereum-based automated market maker protocol with BAL has it native governance token. In other words, Balancer is a decentralized finance protocol based on Ethereum that allows for automatic market-making. The Balancer defi protocol was launched in March 2020 and there are about 36.3 million BAL tokens in maximum supply.

Blockgeeks notes that, Balancer isn’t the first DeFi protocol to support automatic market-making but that there are platforms such as Uniswap and Curve. However, Balancer is unique in that, the protocol supports up to eight assets per market, along with custom trading fees set by the creator of the pool

According to coingecko, Balancer price as at the time of publishing this post is $13.80 with a 24-hour trading volume of $26,182,517. BAL price is up 38.4% in the last 24 hours and it has a circulating supply of 6.9 Million coins.

Similarly, Binance has recently listed Travala (AVA), while only opening trading for AVA/BNB, AVA/BTC and AVA/BUSD trading pairs. AVA (BEP-2 token standard) is the native token of the travala.com platform and it has a maximum supply of 61.4 million coins.

See announcements here; https://www.binance.com/en/support/announcement/2816e153fe36411fa39b34247db77db0

https://www.binance.com/en/support/announcement/1564ca1ec5bb4d93bd4a2b3718b8a116

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