Buy Balancer
in Japan

Balancer (BAL) was introduced to the crypto market in June 2020, initially trading at $20 USD. However, its value declined to below $10 by mid July and recovered to over $10 by the end of the month. In August, prices rose to near $30 before experiencing a 42% drop to $17 and eventually reaching a high of $38.50 in September. Despite reaching almost $19 in November, Balancer ended the year at $13.74. The following year, Balancer's prices rose, doubling in January and reaching a peak of $58 in February. The next few months saw significant price fluctuations, reaching highs of $67 and $73 in March and April, respectively, followed by drops of over 30%. Balancer hit its all-time high of $76.68 on May 4, 2021, showing year-to-date gains of 460%. At that time, its market cap was around $500 million, outperforming 62% of the top 100 crypto assets in just one year. The year 2022 was bearish for most of the crypto market as many crypto tokens experienced drastic falls, BAL too was not an exception. It ended 2022 on around $5.3 mark and started to rise as 2023 started ranging from 6 to 7 USD early on 2023. The price predictions for this cryptocurrency token have forecasted an average of $22.59 USD for BAL in 2025 and a promising average value of $140.69 USD by the year 2030. But please bear in mind that this is by no means a buying signal or a financial advice. We strongly advise you to seek further information from crypto market experts and study the movements of the market before deciding to invest in Balancer tokens or any cryptocurrency tokens at all.

Balancer is an automated market maker and decentralized exchange platform that was launched in March 2020 on the Ethereum blockchain network. This platform is designed as an open and accessible alternative to centralized exchanges and allows users to trade Ethereum (ETH) and assets based on the ERC-20 standard in a trustless and permissionless environment. An automated market maker is a decentralized exchange that uses a mathematical formula to price assets. In other words, unlike traditional exchanges that use an order book and bid/ask system, in automatic market makers, asset prices are determined based on a price algorithm.

Balancer allows users to exchange supported tokens, create a liquidity pool in order to add liquidity to the balancer protocol, and also invest in existing pools for yield farming of transactions. The Balancer cryptocurrency network has been developing since 2018 and its bronze version was launched in 2020. Since then, Balancer has become one of the top 15 decentralized exchange platforms on the Ethereum network in terms of transaction volume and one of the top 10 largest decentralized applications (DApps) running on the Ethereum network in terms of total asset value locked. 

Yes. In Japan, cryptocurrency is considered legal and regulated under the Payment Services
Act, which was enacted in April 2017. The Act defines cryptocurrency as a form of property and
also recognizes cryptocurrency as a form of asset and allows individuals to buy, sell, and hold
cryptocurrency as a means of payment. In addition, cryptocurrency exchanges operating in
Japan are subject to government regulation and must comply with anti-money laundering act
(AML) and know-your-customer (KYC) regulations.

Yes. According to the official Tax Answer No.1500 released by the Japanese National Tax
Agency (NTA), cryptocurrency is taxed in Japan as a form of property and profits obtained from
cryptocurrency trading will be treated as "miscellaneous income"(or zatsu-shotoku in
Japanese). This means that gains from selling cryptocurrencies will be taxed in a similar manner
to other sources of income, such as employment income. Individuals who trade
cryptocurrencies are subject to taxation on any capital gains they attain from selling their
cryptocurrency holdings. As per the Japanese Income Tax Law for Virtual Currencies, gains
from the sale of cryptocurrency are considered taxable income and may be subject to both
individual income tax and resident tax. In accordance with the two Tax Laws mentioned, the tax
rate for individuals can range from 5% to 55% depending on the amount of the gain, while the
resident tax rate is 10.21%.

Balancer (BAL) is used as a governance token to give holders the power to propose and vote on changes to the Balancer protocol. BAL is also used to pay for transaction fees on the platform, provide liquidity to pools, and access premium features. Additionally, BAL can be used as an investment and as a means of payment or as a trading asset with its value increasing based on supply and demand dynamics in the market. 

Anyone. It is worth noting that there is no specific requirement for citizenship or residency in
Japan for purchasing digital assets, so foreign individuals can also buy cryptocurrency in the
country. In order to buy cryptocurrency in Japan, it is advised to research and choose a
reputable cryptocurrency exchange that operates in Japan and supports the cryptocurrency you
want to purchase. For this matter, our exchange is legal, safe, and supports a wide range of any
desired cryptocurrency while providing you with various payment options to choose from like
Apple Pay, Google Pay, credit card, debit card, bank transfer, and PayPal. Plus, we charge no
exchange fees for these secure transaction services.