Kindly note that BitDAO has passed MIP-22 for conversion of token $BIT to $MNT (Mantle token). For more information, please go here.

BitDAO
$1.2138
+4.82%
  • Rank #N/A
  • Market Cap 0.00% -
  • 24H Spot Volume 453.47% $195,028.97
  • 24H Volume / Market Cap -
  • Circulating Supply -
  • Total Supply 9,610,239,403
  • Max Supply 9,610,239,403.00
  • Fully Diluted Valuation $11,664,532,677
  • API ID bitdao copy duigou
  • Project Start Date Aug, 2021
  • Contracts & Explorer(s) coin-img 0x1A4...fa4C5
    copy duigou
  • Websites Website
  • Links
    • icon
    • icon
    • icon
    • icon
    • icon
    • icon
About BIT Roadmap & Milestones
BitDAO is a project on Ethereum that deploys capital in tranches from its treasury to fund long-term projects such as art, R&D, venture, events, grants, education and more.

BitDAO is a DAO which endeavors to support the growth of open finance and develop decentralized, tokenized economies. Launched through and with Bybit, a derivatives exchange based out of Singapore, BitDAO deploys capital in tranches from its treasury to fund long-term projects such as art, R&D, venture, events, grants, education and more. BitDAO launched on August 3rd, 2021 with significant investment and credible backers to include Peter Thiel, Founders Fund, Bybit, Pantera, Spartan Fund, Sushiswap, Polygon, and Dragonfly Capital amongst many others. The DAO launched with a large view goal to build an entire economy of decentralized assets, technologies, and organizations through supporting builders executing a very wide range of ideas and experiments. BitDAO would accomplish these goals through partnering with specialized autonomous entites, partner with existing projects through token swaps, and avoid bottlenecking of decisions by limiting governance to mandate and funding approval. In essence, BitDAO aims to be an investment vehicle for other decentralized products and services and their successes will further continue BitDAO's flywheel for growth.

Shortly after BitDAO was announced, the $BIT governance token launched through a Dutch Auction on MISO, a launchpad for new projects on SushiSwap. A fixed supply of 10B $BIT tokens was launched: 60% reserved for Bybit (45% on a vesting schedule), 30% for the BitDAO treasury, 5% for launch partners, and 5% allocated through a private sale. Sushiswap's DAO was the first to partner with BitDAO and provided technical support for governance and treasury operations and in turn, they were allocated 2.6% of the supply. the currently is mostly composed of $BIT and ETH with a goal to slowly diversify through token swaps. Bybit is an early supporter of BitDAO and has pledged recurring contributions to the BitDAO treasury which at 2021 rates exceeds 1B dollars per year. See: https://www.bitdao.io/analytics/


BitDAO's vision is open finance and a decentralized tokenized economy. The project hopes to support a broad range of projects including DeFi, DAOs, NFTs and gaming. Support will be in the form of research and development, liquidity boot strapping, and funding.

Expand
Related News
Mantle Network Proposes Allocating $238 Million to Promote Ecosystem Development Mantle Network Proposes Allocating $238 Million to Promote Ecosystem Development
Mantle Network Staked 40,000 $ETH with Lido Mantle Network Staked 40,000 $ETH with Lido
Mantle Network Proposal for Staking Up to 200,000 $ETH Approved Mantle Network Proposal for Staking Up to 200,000 $ETH Approved
Mantle Network Launches Mainnet Alpha, $BIT to $MNT Conversion Open Today Mantle Network Launches Mainnet Alpha, $BIT to $MNT Conversion Open Today
Mantle Network to Launch $BIT to $MNT Migration Channel by July 17 Mantle Network to Launch $BIT to $MNT Migration Channel by July 17
Latest News More More
2 Days Ago DA Project Avail Confirmed Token Airdrop Plan
2 Days Ago Tether to Launch New Businesses, Tether Data, Tether Finance, Tether Power, and Tether Edu
3 Days Ago Lido Finance Implemented Simple Distributed Validator Technology (DVT)
3 Days Ago Real Opportunity for Runes only Comes After the Initial Hype
3 Days Ago Worldcoin Announced "Human Centric" Blockchain World Chain
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open