About Bean
Market Stats
Market Cap
Not enough data
FDV
Not enough data
Circulating Supply
Not enough data
Max Supply
Not enough data
Total Supply
36,049,933.793 BEAN
Diluted Valuation
$6,909,931.00
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
$277.40
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$0.19
Overall Price Change (1Y)
-0.24%
Additional info about Bean
Recent trends
The current price is $0.19 per BEAN with a 24-hour trading volume of $277.40. Currently, Bean is valued at 0.00% below its all time high of $0.19. This all-time high was the highest price paid for Bean since its launch. The current circulating supply of Bean is 0 BEAN which means that Bean has as total market cap of $0.00.
Market details
BEAN vs markets
↘ 36.53%
BEAN vs BTC
↘ 42.4%
BEAN vs ETH
↗ 48.67%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xBEA0000029AD1c77D3d5D23Ba2D8893dB9d1Efab | |
Arbitrum | 0xBEA0005B8599265D41256905A9B3073D397812E4 | |
Ethereum | 0xDC59ac4FeFa32293A95889Dc396682858d52e5Db |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.19 | 0.00% |
1 Day | $0.19 | 0.00% |
1 Week | $0.19 | ↗ 2.60% |
1 Month | $0.21 | ↘ 9.16% |
1 Year | $0.25 | ↘ 24.43% |
FAQ
The platform believes that the financial applications require a stablecoin to be developed on decentralized and permissionless computer networks, DeFi. The current flaws in stablecoin implementations lead to sacrificing the significant advantages of decentralized computing. The users can keep faith in centralized parties and limit the potential market capitalization by imposing collateral needs. Thus, to solve the dilemma, the platform suggests a stablecoin that does not compromise with decentralization and does not need collateral. In contrast, it moves towards more stability and liquidity and aims to unlock the potential of DeFi.
The platform proposed an Ethereum-based credit-based stablecoin protocol to issue an ERC-20 token standard to tackle the problems. An on-chain value oracle utilizes an existing centralized bridge between the Ethereum blockchain and the entire world to provide a decentralized, trustworthy, and low-cost source for the value of a non-Ethereum-native based peg. A DAO is regulated by a yield-generating, inflationary ERC-20 Standard coin that aims to guarantee protection, supports continuous liquidity creation, and reduces price volatility.
BEAN is the official token of the Beanstalk platform, pegged to the US dollar. The users with BEAN token can earn yield by staking BEAN into Beanstalk. The Ethereum protocol rewards the users for taking up actions that keep the BEAN pegged to USD. When the price falls below the peg, Beanstalk issues debt, which the user may acquire for a one-time predetermined yield rate. When the price exceeds the peg, Beanstalk produces more BEANs, lowering the value. The new-minted BEAN tokens are used to pay the debt and reward users who have staked the BEAN token.
History of Beanstalk (BEAN)
The official whitepaper of the platform was published on August 6, 2021. The platform was created in August 2021 by anonymous economists and developers, utilizing the pseudonym Publius.
We update our Bean to USD currency in real-time. Get the live price of Bean on Coinbase.
The current market cap of Bean is $0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Bean is $0.19. This all-time high is highest price paid for Bean since it was launched.
Over the last 24 hours, the trading volume of Bean is $277.40.
Assets that have a similar market cap to Bean include Mindscraft, Aave Polygon WBTC, Aave v3 DPI, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Bean is 0.
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.