BitDAO (BIT)
| Market Cap | $0.00000000 |
|---|---|
| Trading Volume | $67,947 |
| Volume / Market Cap | – |
| Total Supply | 1,000,000,000,000 BIT |
| Max Supply | 1,000,000,000,000 BIT |
BitDAO is currently trading at $0.4614, after a price change of 0.23% in the last 24 hours.
Ranked as cryptocurrency #3745 by capitalization today, BIT market cap is valued at $0.00000000. BIT trading volume reached $67,947 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on BIT coin price prediction page.
What is BitDAO?
BitDAO is a decentralized autonomous organization that focuses on DeFi with existing assets and projected contributions. Holders of native BIT tokens can forward proposals and vote on them as part of the platform’s governance. The proposals cover partnerships, upgrades, and the decisions of the special autonomous entities. The entities enable BitDAO to implement new ideas swiftly without subjecting them to lengthy voting procedures.
BitDAO operates as an entity purely run by its community. It does not have a management team or staff members. It invites developers and project teams to request funding or work milestone rewards as incentives to build on the platform. BitDAO will use Gnosis safe, a protocol with multi-sig capabilities, to store treasury assets.
BIT is the native token powering BitDAO. There are 586,278,942.86 circulating BIT tokens from a total supply of 10 billion and a matching hard cap. Any token holder can forward proposals based on set guidelines, and the community is invited to approve or reject them. Holders can delegate their votes by identifying preferred delegates to back.
BitDAO contributors include Bybit, Pantera, Dragonfly, Peter Thiel, and other investors. The project launched in 2021 and has no founders.