BIT
BitDAO
$0.0000AUD
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*$10 will be deposited to all new users’ accounts in an equal amount of BTC, following the users’ completion of the sign-up process and the initial deposit on the platform. For detailed information regarding the use of the platform, please refer to our Terms and Conditions available at https://help.coinstash.com.au/en/article/website-terms-and-conditions-gmyd3n/.

Buy BitDAO (BIT)

What is BitDAO?

BitDAO is a decentralised autonomous organisation (DAO) operating on the Ethereum blockchain. It is focused on creating a sustainable and fair ecosystem within the blockchain industry, providing funding and support to new projects, particularly in areas such as DeFi, DAOs, NFTs, and gaming.

How does BitDAO work?

BitDAO functions through a DAO structure where token holders possess voting rights. These holders use their BIT tokens to vote on proposals concerning fund allocation. The platform operates with a proposal-based system where anyone can submit a proposal for funding or support. These proposals are then voted on by the community. Additionally, its treasury, primarily funded by contributions from partners like Bybit, facilitates continual replenishments.

What are the potential use cases for BitDAO?

BitDAO has several use cases, including:

  • Decentralised Finance (DeFi): Supporting the growth and development of DeFi products and projects.
  • Treasury Management: Managing investments in various blockchain projects.
  • Governance: Enabling token holders to manage protocol decisions through a proposal and voting system.
  • Education: Supporting educational initiatives related to decentralised finance.
  • Gaming: Engaging in creating decentralised gaming platforms, such as Game7.
  • Privacy Technologies: Involvement in projects developing new privacy solutions for blockchain.

What is the history of BitDAO?

BitDAO was launched in August 2021, with key backing from Bybit, alongside investors such as Peter Thiel, Founders Fund, Pantera Capital, and Dragonfly Capital. It raised significant funds during the initial private sale and through a token auction via SushiSwap's MISO platform. Over time, BitDAO has approved various funding proposals, accelerated contributions to its treasury, and considered launching its own layer-1 blockchain optimised for Ethereum dApps.

Coin Contract Addresses

0x1a4b46696b2bb4794eb3d4c26f1c55f9170fa4c5

Frequently Asked Questions (FAQs)