Beethoven X aspires to be a decentralized investment platform complete on the Fantom Opera platform, according to the company. They use the best DeFi protocols to provide unique decentralized investment solutions. Beethoven X, which is based on Balancer V2, is the first next-generation AMM protocol to be implemented in Fantom.
In this article, we will discuss:
What is Beethoven X (BEETS)?
Beethoven X is a Fantom-based decentralized investment and AMM platform built on Balancer V2, a widespread protocol for automated market makers. It is equipped with a liquidity provider, price sensor, and portfolio manager that can perform tasks that include reducing gas costs, releasing arbitrage with zero token seed capital, and more.
Beethoven X allows users to trade from one token to another, a trading style inspired by the functionality of Beethoven X. Uniswap. The trading convenience of the platform is powered by a technology called Smart Order Router or SOR, which is capable of getting liquidity from multiple pools easily and accurately.
What is Balancer?
With Balancer, you can automate the management of your portfolio, provide liquidity and monitor prices. Instead of paying fees to portfolio managers to rebalance your portfolio, Balancer charges fees to traders who rebalance their portfolio by exploiting arbitrage opportunities. This is a radical departure from the traditional index fund model.
The Balancer is built on an N-dimensional invariant surface, which is a generalization of the constant product formula published by Vitalik Buterin and shown to be viable by the popular decentralized application Uniswap. Balancer V2 introduces significant new features that will reduce gas costs, improve capital efficiency, enable arbitrage with zero token seed capital, and open the door to bespoke AMMs, among other things.
How does Beethoven X (BEETS) work?
Beethoven X can automatically identify the best price from all available pools, providing traders with fast and profitable trading results.
It also allows investors to create a custom crypto index fund balance suitable for their preferred asset allocations. They charge fees to traders who rebalance their funds by taking advantage of arbitrage opportunities. Furthermore, it also equips users with the ability to capture market volatility and only bear a 'risk' or very small temporary loss.
Beethoven X NFT
All of Beethoven X's NFT collections are created by his talented artist named “Vee” and are now being traded on PaintSwap, an open NFT marketplace.
- 'The first collection of the life and times of Ludwig the Undead' – The OG collection is comprised of 500 NFTs and was minted for the platform's top 500 liquidity providers and supporters. The collection was inspired by elements of music, culture and the biggest events that have taken place and are still taking place around the world.
- 'Helping Ludwigs' – 'HelpinLudwigs' is an exclusive NFT collection comprised of custom pfp avatars made specifically for Beethoven X's first and most active supporters. Each artwork is personalized for its recipient and Vee artfully brings out a person's unique characteristics with each NFT.
- 'Mix-Tapes and Memories' – 'Mix Tapes and Mementos' departs from the usual conservative NFT style of Beethoven X and opts for bolder art with the help of the platform team.
- Utilities – Anyone who purchases an NFT from one of the collections mentioned above will have access to the platform's VIP Discord channel and the exclusive Ludwig Lounge, a hub for the most talented musicians. Those lucky enough to be a part of Ludwig Lounge can get access to various perks such as alpha drops, beta versions of new features, NFTs, whitelist spots and early access to Fantom projects.
Beethoven X: Pools
- Stable Pools – Stable pools are intended to accommodate large trades of assets that must be traded close to parity before unwanted events happen, such as major price impacts.
- Liquidity Bootstrapping Pools – Liquidity bootstrapping pools are used to launch and exchange large amounts of tokens over time. These pools implement weight shifting mechanisms to initiate high starting prices with ever-changing selling pressure.
- MetaStable Pools – MetaStable pools, which will be released in Beethoven X soon, are a generalization of stable pools that hold tokens with known exchange rates. These pools implement similar equations to what stable pools are using, but these equations can also be used to initiate swaps between tokens whose prices are gradually changing.
Trade Fees and Flash Loan Fees
Trading fees occur when traders pay liquidity providers for their services to execute successful swaps, and these fees are denominated in the Input Token when executing a trade. Protocol fees for commercial transactions will be charged as a percentage of the commercial fees already charged, which is also called a “fraction of a fraction”. Flash Loan Fees are another source of Protocol Fees and, in this case, are charged to the Flash Loan interests.
Beethoven X: ecological platform
2% of the team's protocol fees are allocated to fund the platform's green initiatives and implement ways to maintain Beethoven X as an environmentally friendly platform. The fund will be channeled into nature-based CO2 capture solutions (forestry and regenerative agriculture) and technology-based capture (direct carbon capture) The climate fund aims to continually reduce the platform's footprint to serve as an example for other platforms blockchain, especially DeFi.
BEETS Token
The BEETS token is Beethoven X's governance token with a maximum supply of 250 million and soon, the token's liquidity investors will be eligible to collect protocol fees. The token will soon be involved in future governance decisions such as liquidity mining, collaborations, treasury expenses, and more.
Where to buy the BEETS token?
BEETS cryptocurrency can be traded on the following exchanges:
- BKEX
- coinex
- solidly
- Beethoven X
Beethoven X Price Forecast (BEETS)
The price of Beethoven X is predicted to reach a high level of $1.099 throughout 2022. As early as 2023 according to our crypto price prediction index, Beethoven X (BEETS) could reach a high of $2.114, with the price trading average of $1.572.
In 2025 according to our crypto price prediction index, BEETS is expected to cross an average price level of $2.549. The minimum expected price of the Beethoven X at the end of the current year should be $2.353. Furthermore, BEETS can reach a maximum price level of $2.598.
Conclusion
Beethoven X has a long list of features that are relevant and aligned to provide the best possible DeFi service to its users. Beethoven X allows for safe and efficient high-speed, low-cost trading. you can Start trading immediately, no registration required. Just plug in your wallet and you're done.
