Bean (BEAN) is not tradable on Coinbase.
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Bean Price (BEAN)
Market stats
Bean is on the rise this week. ↗
The price of Bean has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. Bean’s price has also risen by 100.00% in the past week.
Overall
Data is sourced from third parties. We make no representation on the accuracy of the data provided. Learn more
Market cap
Not enough data
Volume (24h)
Not enough data
Circulating
Not enough data
All time high
Not enough data
Price change
1 hour
↗ 100%
1 day
↗ 100%
1 week
↗ 100%
2 weeks
Not enough data
1 month
↗ 100%
1 year
↗ 100%
1 year benchmarks
Performance
Not enough data
Vs. Market
Not enough data
Vs. BTC
Not enough data
Vs. ETH
Not enough data
About Bean
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.
Assets that have a similar market cap to Bean include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.
Bean Price History
Date | Price | Change |
|---|---|---|
Today (January 24, 2025) | $0.00 | NaN% |
24 hours ago (January 23, 2025) | $0.00 | 100.00% |
1 week ago (January 17, 2025) | $0.00 | 100.00% |
1 month ago (December 24, 2024) | $0.00 | 100.00% |
1 year ago | $0.00 | 100.00% |
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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