Do you know the currency called BitDAO? BitDAO is the currency issued by Bybit. BitDAO aims to revitalize the DeFi market, which represents decentralized finance, and is a project that has received a large amount of investment from Bybit. This currency is actually available for purchase.
- What is BitDAO?
- Features of BitDAO
- Future prospects of BitDAO
- How to buy BitDAO
- If you want to register, Bybit is recommended.
What is BitDAO?
BitDAO is a virtual currency that can be traded on major exchanges such as ByBit. In 2021, Bybit took the initiative and raised funds to create a new autonomous decentralized organization. Many celebrities have also contributed to this project. BitDAO aims to revitalize the DeFi market, which represents decentralized finance, and is a project that has received a large amount of investment from Bybit. It is a project that aims to expand the DeFi market and contribute to the development of the market. Currently, it is handled by Bybit and Gate.io, and it is possible to actually trade.
|Current price (01/2023)||¥38.67|
|Market capitalization ranking(01/2023)||58位|
Features of BitDAO
The features of the BitDAO project include:
BitDAO has a very unique concept among the world’s virtual currencies. DAO stands for Decentralized Autonomous Organization. It is characterized by being a highly transparent and fair organization. Such an organization is called an autonomous decentralized organization. In a stock company, there is a hierarchy within the manager and organization, and power is centralized.
DeFi support service
BitDAO supports DeFi projects. The collected funds are invested in promising DeFi projects, and as the scale of these projects increases, the value of BitDAO will increase, so the assets held will increase. As a result, it is expected that the asset value of BitDAO will continue to rise in the future.
Issuing original tokens
BitDAO issues its own governance token, BIT. A governance token is a token used for voting to determine the operation policy of a decentralized network. Since BitDAO does not have an absolute administrator, governance token holders vote on app updates. It has the characteristic that the voting power increases according to the amount of possession.
BitDAO already has partners. It is backed by many companies such as AMBER. As the number of partner companies increases in the future, the amount of investment will increase further, and it is believed that the asset value of BitDAO will increase as a result. The number of partner companies is expected to increase in the future.
BitDAO has appeared as the newest DAO in the world. Bybit has lent a substantial amount of funds and officially announced its continued support for BitDAO. BitDAO also contributes to the development of blockchain technology and supports various projects by means of token swaps. And BitDAO promises to contribute significantly to the growth of DeFi.
Future prospects of BitDAO
What will happen to BitDAO in the future?
DeFi market trends
BitDAO invests in DeFi projects, so as the invested projects grow, we can expect to earn profits and increase the popularity of BIT. It can be said that it is largely influenced by trends in the DeFi market. As the number of DeFi users increases, investment in BitDAO is expected to increase.
In order for BitDAO to make a profit, it needs to invest in more projects and grow its invested companies. As the number of people supporting the project increases, the liquidity of BIT will increase and the number of investors will increase, so expectations are rising.
Increase in partner companies
BitDAO has already partnered with many investors at this time. Furthermore, as the number of partner companies increases, not only will there be more funds available for lending, but we can also expect an increase in the number of participants in governance.
How to buy BitDAO
BitDAO is now available for trading on Bybit. To do so, you must first create an account. Please refer to the article below.
After logging in, enter “BitDAO” in the search window at the top of the screen. Then, BitDAO will appear, so click it.
It will transition to the following screen, so you can purchase from here. It is possible to purchase by pressing the “Buy BIT” button.
If you want to register, Bybit is recommended.
If you want to purchase BitDAO, we recommend Bybit. It is a popular exchange that ranks high in popular recommended rankings. The maximum leverage is around 100x, which is quite high. Deposits and withdrawals can be made in virtual currency, and can be sent by copy-pasting the wallet address or scanning the QR code.
Many coins available
Bybit handles many coins, so we cover major coins such as BTC, USDT, XRP, and ETH. It can also be used for derivatives trading, spot trading, liquidity mining, and staking. The charts are easy to see and you can trade listed coins. The platform also includes MT4.
Full of security measures
Bybit has solid security measures and extensive support. Identity verification KYC and wallets are also strictly managed. There is also a community where you can exchange opinions. It has good support, a private mode, and a usage guide.
There are many events
Launchpad, promotions, bonuses and campaign contents are abundant, and there are many benefits, so you can effectively manage all your assets. Staking has a high yield, and users can expect very high returns.