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What is BitDAO?
BitDAO is a new DAO (Decentralized Autonomous Organization) backed by Peter Thiel, Founders Foundation, Pantera, Dragonfly, Spartan, Bybit and many more.
BIT Token holders can vote to allocate Tresury by the world’s largest DAO, partner with leading protocols and build a decentralized and cryptographic future.
Bybit, a leading cryptocurrency exchange and an early supporter of BitDAO, has committed to contribute 0.025% of futures trading volume to BitDAO’s treasury. It is estimated that 2021 is worth more than 1 billion USD.
What problem was BitDAO born to solve?
DeFi technology enables unstoppable and permissionless transactions on the blockchain, including trading, lending, and synthetic asset creation.
No registration process, no middleman approval, no middleman enforcement.
DeFi will fundamentally disrupt traditional finance and potentially become a trillion dollar industry.
Tokenization has expanded the scope of ownership and enabled new economic models for DAO, NFT and GameFI.
With the vision of open finance and decentralized crypto economy, BitDAO is dubbed as a DEFI 2.0 project based on the success of cryptocurrency and will allocate huge resources to support the development. its development.
BitDAO will cooperate with projects through token swap to develop together. BitDao’s mission is to provide support in the form of: research and development, liquidity support and funding for that project.
How does BitDAO work?
Through token swaps to co-evolve with projects will allow Treasury BitDAO to amass a collection of leading crypto project tokens.
Focus on building core products that enable BitDAO and other DAOs to work more efficiently. This includes internal and off-chain governance solutions as well as Treasury DAO management solutions.
BitDAO supports 3 main projects including: Research and Deverlopment, Liquidity and capital.
- Research and Deverlopment : build Research-Development centers with top talents in all fields related to blockchain development. Thereby building and developing BitDAO’s own DEFI products or supporting other potential DEFI projects.
- Liquidity : with the amount of assets in its Treasury, BitDAO helps to provide liquidity to the projects it supports. Especially DEFI protocols that need initial liquidity like DEX, Lending, Aggregator, etc.
- Capital: support the development of new projects through protocols such as Gitcoin… or token swap.
Highlights of BitDAO ?
- BitDAO is not a traditional company, with no management team or employees.
- BitDAO is a collection of contributors and builders. Through holding BIT tokens, it creates the motivation to make the DAO successful.
- Different individuals and groups can suggest changes to the BitDAO protocol. BIT holders have the right to vote to accept or reject these proposals.
- Holding BIT tokens allows you to submit and vote on proposals raised. It does not allow you to impose your opinions on other contributors.
- BitDAO’s vision and mission will be driven by token holders, contributors and community leaders.
Key Metrics Token
|Token Name||BitDAO Token|
Token Allocation (Allocate % to ownership groups)
Peter Thiel, Founders Fund, Pantera, Dragonfly, Spartan, Bybit and many others have invested $230 million in BitDAO at an undisclosed valuation.
In addition, SushiSwap’s Public Sakle on Miso ended on August 30th and collected 112,000 ETH with a low price of $1.42 and high at $2.
Token Release Schedule
Token Use Case
- Swap assets in BitDAO’s Treasury
- Join BitDAO governance.
- Modify BitDAO product parameters.
- Asset rotation in the BitDAO Treasury.
- Vote for project DAOs that BitDAO supports.
How to earn/buy BIT?
Can use Coin98 Wallet. Enter Coin98 Wallet Referral ID as “C98NBDN89Q” to support BTA. Or it can be stored on the exchange where you bought the BIT.
In addition to storing it on centralized exchanges, more careful brothers can transfer it to a personal wallet that supports the ERC 20 platform such as C98 Wallet, Metamask, Trust Wallet…
Should you invest in BitDAO?
To evaluate more about BitDAO, you can refer to some more information about the project below:
Investors & Partnerships
BitDAO is a potential project and groundbreaking idea. With the raising of $ 230 million, BitDAO has proven to be a potential project and groundbreaking idea. It won’t be too surprising if BitDAO leads DEFI 2.0 and takes DEFI to the next level.
Hope the above information has provided you with an overview of BitDAO. My personal opinion apart from the potential of the BIT token itself, BIT token Holder will receive a lot of incentives from its partner projects such as Airdrop… If you are BIT Token Holder, you should not leave BIT on the floor but Please withdraw to your personal wallet so you don’t miss the airdrops… Good luck with your investments!
All are for informational purposes only and are not investment advice.
From BTA with love ❤️
#BitDAO #BIT #BIT #cryptocurrency