BitDAO is a decentralized initiative that seeks to raise the bar for the playing field that is too accessible to everyone on the planet by constructing a decentralized finance token. With a live market cap of $315,334,192 USD, the current CoinMarketCap ranking is #240. There are 231,500,975 BIT coins in circulation, with a total allocation of 10,000,000,000 BIT coins.
About BitDAO BIT
One of the main goals of the initiative is to attract developer talent through token swaps and co-development initiatives. The token swaps will allow the BitDAO treasury to amass a collection of the top crypto project tokens.
Open finance and a decentralized tokenized economy are key to BitDAO's mission. BitDAO aspires to promote a wide range of initiatives, including DeFi, DAOs, NFTs, and gaming. Research and development, liquidity boosting, and funding will all be provided.
What is BitDAO BIT?
BitDAO seeks to develop essential products that will improve the functioning and efficacy of BitDAO and other DAOs. The primary offering is a collection of on-chain and off-chain governance tools and products, with the DAO's treasury management able to deploy and oversee assets in order to earn yield.
Furthermore, BitDAO intends to award funds to crypto-related teams for research or product development. All funds are voted on and awarded for the benefit of the crypto community as a whole.
Who Are the Founders of BitDAO BIT?
BitDAO has no founders; it is run by a community of contributors who possess BIT tokens.
Since the system of DAO nor possess any team neither is backed up by any corporations, which implies that it is an open platform for all who desire to contribute towards its betterment regarding BitDAO protocol, and it is up to the BIT owners (contributors) to decide on whether to accept or decline these suggested amendments.
It is financed by Peter Thiel, Founders Fund, Pantera, Dragonfly, Spartan, Bybit, and others.
What Makes BitDAO BIT Unique?
Through token swaps, BitDAO hopes to collaborate with both established and new projects. Token swaps will allow the BitDAO treasury allocation to amass a portfolio of the most valuable crypto tokens. Though Spot and derivatives DEXes are given top consideration.
The unique user-friendly characteristics of BitDAO are as follows: Through token swaps and co-development efforts, you can collaborate with projects. Token swaps will allow the BitDAO Treasury to amass a collection of the most popular crypto project tokens; develop essential products that will help BitDAO and other DAOs operate more efficiently.
This includes on-chain and off-chain governance systems, as well as DAO treasury management solutions; Grants to teams that generate research or products that are public goods for the crypto sector.
Where Can You Buy BitDAO BIT?
There is a huge list of exchanges where interested candidates can acquire the BIT coins which includes; BitMart, MEXC, Uniswap (V3), AEX, CoinW, Gate.io, Sushiswap and many more.
Frequently Asked Questions About BitDAO BIT
When Has The Trading Of BitDAO BIT Started?
Trading in BitDAO began on August 16th.
Does The Coin Of BitDAO BIT Hold The Potential Of Hitting 1 USD?
BitDAO is currently trading at over 1 dollar from the start of August 21.
What Security Measures Does the BitDAO BIT Take?
The BitDAO Platform employs SSL encryption to safeguard the personal data of the subscribers.
Conclusion
After the sheer appraisal in the field of cryptocurrency investment activities which is around 100% in just a matter of a certain countable transitional month, cryptocurrencies have suffered an intense depreciation due to their uncertain market nature.
Therefore, it's wide enough to quote that BitDAO BIT tokens have been upgraded to a new all-time high translation volume of almost $1.36 U.S Dollars per token.
In comparison to the increasing values of different trading currencies, the worth of BitDAO BIT is sufficient enough to prove its worth in the eyes of stakeholders and future investors. In addition to that, BIT has evidently made trading economically viable for traders.
BitDAO BIT Official Website –https://www.bitdao.io/
BitDAO BIT Twitter –https://twitter.com/BitDAO_Official
BitDAO BIT Medium –https://medium.com/bitdao/introducing-bitdao-464ebf80eb56
