What is Beta Finance (BETA)?
Beta Finance is a decentralized protocol for lending and borrowing cryptocurrency assets on the BSC. The protocol allows users to lend and borrow a variety of tokens such as BNB, ETH, BTC, BUSD, USDT, and DAI. The platform is designed to be user-friendly and accessible to everyone, with a simple and intuitive interface.
The project was launched in 2021 and had a successful token sale on Binance Launchpad.
How Beta Finance (BETA) Works
One of the key features of Beta Finance is its interest rate model. The protocol uses an algorithmic interest rate model that adjusts based on supply and demand. This means that interest rates are determined by the market, rather than being set by the protocol. The interest rate model is designed to ensure that the supply and demand for each asset remain in balance, providing users with stable and predictable returns.
Another important feature of Beta Finance is its unique isolated collateral model that enables the support of more volatile assets. This model means that there is no cross-collateralization between assets, and users can allocate their collateral to multiple positions. If one asset experiences a price spike and risks liquidation, only the allocated collateral for that position is at risk, and the other positions remain safe.
Beta Finance also allows users to participate in liquidity provision, earning rewards for providing liquidity to the protocol. This helps to ensure that the protocol always has sufficient liquidity to meet demand from borrowers.
Last but not least, Beta Finance has an efficient short-selling tool, which allows users to sell assets they do not own and profit from price decreases. Short selling is a powerful tool that can enable traders to profit in bear markets, and it has been historically challenging to execute in decentralized finance. However, Beta Finance has made it simple for users to execute short sales on their platform.
How Many Beta Finance (BETA) Tokens Are in Circulation?
BETA has 1,000,000,000 tokens in total supply and 646,969,697 of them are in circulation.
How to Buy Beta Finance (BETA)
Consider investing in Beta Finance (BETA)? It only takes 2 minutes to create an account on Bitget and start trading BETA.
Check out the available BETA trading pairs on Bitget!
Spot market
Beta Finance (BETA) Resources
Simple 3-step guide to buying BETA today in Philippine
Create your free Bitget account
Select a funding method
Complete your Beta Finance purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Beta Finance using a payment method of your choice:
Buy Beta Finance with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Beta Finance order.
How to buy crypto with credit/debit cardBuy Beta Finance with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Beta Finance is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Beta Finance order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Beta Finance order.Buy Beta Finance with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Beta Finance order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Beta Finance in your Bitget spot wallet
Bitget—where the world trades Beta Finance
How to buy Beta Finance for free
- Learn how to earn Beta Finance for free through the Learn2Earn promotion
- Earn free Beta Finance by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Beta Finance airdrops by joining On-going challenges and promotions
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FAQ
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The Philippines (officially the Republic of the Philippines) is a Southeast Asian archipelago of approximately 7,641 islands. The Philippines has a population of 110 million and is also the second country in Southeast Asia that has a population exceeding over 100 million. The Philippines also has a long history of colonized rule; it was ruled by Spain, the US, and Japan, which created a rich and spanning history in the Philippines.
The official languages in the Philippines are English and Filipino, so you can easily enjoy the service on Bitget as it is fully supported in English regardless of Bitget app or website. The Philippine peso (PHP) is the country's currency, and you can use PHP to buy Beta Finance(BETA) on our P2P, spot, and futures trading right away on Bitget. Whether you are in Manilla, Quezon City, or Davao City, Bitget is ready to serve you with any cryptocurrency needs with the best trading experience.
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