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BitDAO is a decentralized autonomous organization (DAO) that aims to create a new decentralized financial (DeFi) ecosystem. The platform is built on top of the Ethereum blockchain and aims to provide users with access to a range of DeFi products and services, including lending, borrowing, trading, and asset management.
One of the key features of BitDAO is its focus on community governance. The platform is governed by a community of token holders, who can vote on proposals and decisions related to the platform's development and direction. This ensures that the platform is decentralized and transparent, and that decisions are made in the best interests of the community as a whole.
Another unique feature of BitDAO is its focus on sustainability. The platform is committed to supporting renewable energy initiatives and reducing its carbon footprint, and aims to become the world's first carbon-negative DAO. This aligns with the growing trend of environmentally conscious crypto initiatives and helps to position BitDAO as a leader in the space.
BitDAO has also attracted significant support from some of the biggest names in crypto, including billionaire investor Peter Thiel and cryptocurrency exchange Bitfinex. This has helped to bolster confidence in the platform and its potential to disrupt the DeFi space.
BitDAO is a promising platform that offers a decentralized and sustainable approach to DeFi. Its focus on community governance and sustainability sets it apart from other DeFi platforms, and its growing list of supporters bodes well for its future success.
With a total market cap of over $846 million, BitDAO is the No. 4,560 cryptocurrency by market size. The currency symbol for BitDAO is BIT. There will only ever be 9.61 billion BitDAO tokens issued. So far 1.45 billion tokens (15.1% of the total supply) have been issued.
On 17 July, BitDAO (BIT) will be converted to Mantle (MNT) tokens. For more information, please read here.
We found crypto protocols offering up to 41.5% APY on BitDAO deposits (41.5% APY DeFi). Check out our BitDAO staking yields table for further details.
The technical price analysis for BitDAO below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of BitDAO.
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