Balanced Dollars BNUSD
1. Summary
- Price
-
$1.01 +0.5%
- Market Cap
- $5.74M (#2138)
- Supply
- 4.21M / 4.21M
- Description
-
Balanced Dollars (BNUSD) is an algorithmic stablecoin backed by ICON (ICX). It is designed to mitigate market volatility and maintain a stable value equivalent to one US dollar. The CPS (Contribution Proposal System) assigns funding to applications in BNUSD, ensuring that funding stays predictable and retains its value during market downturns. This...
Balanced Dollars (BNUSD) is an algorithmic stablecoin backed by ICON (ICX). It is designed to mitigate market volatility and maintain a stable value equivalent to one US dollar. The CPS (Contribution Proposal System) assigns funding to applications in BNUSD, ensuring that funding stays predictable and retains its value during market downturns. This setup provides a competitive advantage for projects receiving grants compared to those receiving funding in volatile assets.
The CPS operates under a decentralized manner, utilizing validators on the ICON network to rotate between application periods and voting periods. Validators can influence the growth of the ecosystem by participating in the CPS. By providing a bond for CPS proposals, validators can earn a 20% ROI upon the successful completion of projects. Applicants can submit proposals during an application period, and validators approve or reject them in the voting period. If approved, the funds are distributed in BNUSD rather than volatile assets.
The Balanced Dollars stablecoin is decentralized and backed by cryptocurrency as collateral. This over-collateralized strategy ensures that the supply of BNUSD does not exceed its guaranteed value. Users can borrow Balanced Dollars for interest, trade them on the exchange, or use them to supply liquidity and earn rewards. The Balanced Dollar has been designed for simplicity and is part of the Balanced DeFi protocol, which supports various blockchain assets and aims to simplify the use of decentralized finance.
| Price | |
| 52W High price | $1.01 |
| 52W High date | 13th Aug 2024 (4 months ago) |
| All Time High (ATH) Date | 21st Jan 2023 (1 year ago) |
| ATH Price | $1.85 |
| % From ATH | -46.1% |
| All Time Low (ATL) Date | 17th Aug 2023 (1 year ago) |
| ATL Price | $0.71 |
| % From ATL | 40.92% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $221,254.00 |
| Total Supply | 4.21M |
| Circulating Supply | 4.21M |
BNUSD
How does Balanced Dollars's (BNUSD) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
0.3%
BNUSD
5.7%
Similar Market Cap
60 Day Return
25.5%
BNUSD
-1.3%
Similar Market Cap
1 Year Return
25.4%
BNUSD
-5.5%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 700 |
|---|---|
| Active Reddit Users (past 24h) | 0 |
| Discord users | 1,495 |
| Active Discord Users | 101 |
| Telegram Users | 1,992 |
| Twitter followers | 9,086 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://balanced.network |
|---|---|
| Explorer | https://tracker.icon.foundation/token/cx88fd7df7dd... |
| @BalancedDao | |
| /r/BalancedNetwork | |
| Forum | https://gov.balanced.network/ |
What is the correct contract address for Balanced Dollars?
| Icon | cx88fd7df7ddff82f7cc735c871dc519838cb235bb |
|---|---|
| Archway | ARCHWAY1L3M84NF7XAGKDRCCED2Y0G367XPHNEA5UQC3MWW3F83EH6H38NQQXNSXZ7 |
Has Balanced Dollars been audited for security?
No security audits found for this project.
Are you the owner of Balanced Dollars? Edit it here
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