What is the current price of BitDAO (BIT)?

The current price of BitDAO (BIT) is 1.241996023072564 AUD, representing a -1.09 from the day prior.

Can I buy BitDAO (BIT) on Coinstash?

Yes - you can easily buy and sell BitDAO (BIT) on Coinstash. Simply login or sign up, to start buying BitDAO (BIT) in minutes.

Where is the best place to buy BitDAO (BIT) in Australia?

The best place to buy BitDAO (BIT) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell BitDAO (BIT) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of BitDAO (BIT)?

The trading volume of BitDAO (BIT) is 2.1K AUD in the last 24hrs, representing a -1.09 from the day prior.

How can I buy BitDAO (BIT)?

BitDAO (BIT) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of BitDAO (BIT)?

The current market cap of BitDAO (BIT) is 0 AUD.

Can I convert BitDAO (BIT) to cash?

Yes - With Coinstash you can convert your BitDAO (BIT) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many BitDAO (BIT) are there?

The current circulating supply of BitDAO (BIT) is 0.

Is Coinstash a safe place to buy BitDAO (BIT) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling BitDAO (BIT) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

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.