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BeyondFi

BeyondFi BYN Price $ 0.00618

Rank: 2401

112 Watchlists

DeFi

BYN Price

0.00618
0.49%
($ 0.00003)
Price Range
LowHigh
$ 0.00613$ 0.00621

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

#Token

Funds and Backers

Description

Beyond is a decentralized platform for creating and trading synthetic financial products designed to suit the needs of the synthetic creator

BeyondFi (BYN) Chart

The BeyondFi to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

BYN to USD Converter

BeyondFi (BYN)BYN

IDO

12 Apr — 12 Apr 2021

Raised

$ 146.25K

Price:

$ 0.500

ROI:

0.01x  -98.8%

Platform:

N/A

ATH ROI:

174.97x  +17,397%

BYN Price Statistics

leaderboard

Market Cap

$ 54.80K

FDV

$ 618.27K

ATH Market Cap

$ 306.20M

24 Trade Vol.

$ 176.77K


Vol. (24h) / MCap

3.23

Max Supply

BYN 100,000,000

Total Supply

BYN 100,000,000

Circulating Supply

BYN 8.86M

(8.86% of Max Supply)

Listing Date

13 Apr 2021

IDO Price

$ 0.500

12 Apr 2021

IDO ROI

98.8%

0.0124x

All Time High

$ 87.48

13 Apr 2021


All Time Low

$ 0.00287

17 Nov 2023


From ATH

100%

From ATL

115.3%

BeyondFi Price Analysis

What is BeyondFi (BYN)?

Beyond Token (BYN)

BYN is the core token on the Beyond protocol and serves as a collateral, governance, and fee payment token within the Beyond ecosystem.

There are several attempts in the market that has tried to create synthetic products through similar mechanism, but these have critical flaws which erodes trust within the synthetic products. These includes:

  • • Low liquidity resulting in high slippage and large spreads
  • • Poor price tracking of synthetic products relative to actual underlying products
  • • High trading costs due to Ethereum network congestion
  • • Poor UI/UX when using exchange
  • • Limited number of assets available for synthetic trade
  • • Lack of expertise in underlying financial products

LIQUIDITY Through Beyond Exchange

Beyond takes an innovative approach of combining the usual Bid/Ask order bookmechanisms with automated market makers to protect users from exploitation.

Stake

Staked BYN tokens earn aportion of fees from Beyondprotocol as a reward

Invest / Redeem

Intuitive frontend interface for users to directly interact with the smart contract with ease to invest or redeem synthetics

Trade

Allows users to have exposure to existing traditional assets by buying/selling synthetic assets in the Beyond DEX.

Loan

Another way of having access to synthetic assets is by locking ETH and Borrow ETHb or USDb.

BeyondFi Price Today

BeyondFi's current price is $ 0.00618, it has increased +0.49% over the past 24 hours.

BeyondFi's All Time High (ATH) of $ 87.48 was reached on 13 Apr 2021, and is currently -100% down.

The current circulating supply of BeyondFi is 8.86 Million tokens, and the maximum supply of BeyondFi is 100.00 Million.

BeyondFi’s 24 hour trading volume is $ 176.98 Thousands.

BeyondFi's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 54.80 Thousands.

You can find more details about BeyondFi on its official website and on the block explorer.

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