BitDAO - a decentralized autonomous organization that wants to build a decentralized token economy. This protocol is one of the newest and largest decentralized autonomous organizations in the world, dedicated to DeFi and is run by BIT token holders.
Contents:
History of BitDAO
One of the main goals of the project - to attract developer talent through a token exchange and collaborative development efforts. The exchange of tokens will allow the BitDAO treasury to accumulate a collection of the best crypto project tokens.
The vision of BitDAO - an open finance and a decentralized tokenized economy. BitDAO hopes to support a wide range of projects, including DeFi, DAO, NFTs and games. Support will come in the form of research and development, liquidity loading and funding.
BitDAO has no founders, the project is supported by a group of contributors who own BIT tokens. There are no teams or companies behind the protocol, as it is a DAO, which means that various individuals can propose changes to the BitDAO protocol, and BIT holders must vote to accept or reject these proposed proposals.
BitDAO
The project - one of the largest DAOs and is supported by Peter Thiel, the Founders Foundation, Pantera, Dragonfly, Spartan, Bybit and others. Bybit is an early supporter of BitDAO and has pledged periodic contributions to the BitDAO treasury, the rates exceed $1 billion per year by 2021.
Project features
BitDAO is committed to collaborating with existing and emerging projects through token exchanges. The exchange of tokens will allow the BitDAO treasury distribution to collect a collection of the best crypto tokens. Spot and Derivative DEXs are prioritized.
The project aims to create core products that will help the functionality and efficiency of BitDAO and other DAOs. The core product includes a suite of on-chain and off-chain management solutions and products, with the DAO treasury able to deploy and control assets for profit. In addition, BitDAO is committed to providing grants to crypto industry teams for research or products. All grants are voted and provided for the benefit of the crypto world.
Some of the goals of BitDAO:
| 1 |
Collaborate with projects through token exchanges and joint development efforts. The exchange of tokens will allow the BitDAO treasury to accumulate a collection of the best crypto project tokens. |
| 2 |
Build core products that enable BitDAO and other DAOs to function more efficiently. This includes on-chain and off-chain governance solutions, as well as DAO treasury management solutions. |
| 3 |
Give grants to teams that produce research or products that are public goods for the crypto industry. |
All treasury actions will be determined by BIT token holders through a proposal and voting process.
Buying and selling coins
The BIT token is a recent addition, so it may not be available on some exchange trading platforms. BIT can currently be purchased through:
- FTPX;
- Bybit;
- BingX;
- Gate.io;
- MEXC.
BIT tokens became available on the Bybit platform on September 17, 2021 as part of the debut of the Launchpad project. BitDAO will collaborate with other projects through token swaps and joint development.
Swap – the exchange of tokens and the collection of coins from the best existing and new DeFi and crypto projects. Such swaps will allow projects to be on the same wavelength. BitDAO will support partner projects on their way to leading positions. One of the priorities is spot and derivative decentralized exchanges. Development - creation of basic products that improve the efficiency of the work of BitDAO and other DAOs, including:
- management package — a set of on-chain and off-chain products and advanced developments;
- investment and fund management — tools for DAOs to invest in and control investment and "subsidized" assets.
Grants — allocated to teams, engaged in research and release of products in the field of public goods for the crypto industry.
