Buy DIGG
What is DIGG?
DIGG is a synthetic token developed by BadgerDAO, a cryptocurrency project focused on integrating Bitcoin into the decentralized finance (DeFi) ecosystem. It is pegged to the value of Bitcoin and operates on the Ethereum blockchain. DIGG allows users to engage in financial transactions and stake DIGG assets to earn rewards.
How does DIGG work?
DIGG operates through a supply-elastic mechanism, similar to Ampleforth. This mechanism adjusts the token's supply based on the market price to maintain its peg to Bitcoin. Users can stake their DIGG in BadgerDAO’s pool vaults, earning an interest-bearing token called bDIGG and claim other rewards. DIGG operates on smart contracts within the Ethereum blockchain, but it is not mineable.
What are the potential use cases for DIGG?
DIGG can be used in various DeFi applications, serving as collateral to enable decentralized financial transactions. It is suitable for staking in BadgerDAO’s ecosystem to earn additional tokens and interest through bDIGG. DIGG supports projects that aim to incorporate Bitcoin as collateral, promoting the broader integration of Bitcoin into DeFi platforms.
What is the history of DIGG?
DIGG was launched on 16 January 2021 by BadgerDAO, a DeFi project concentrating on Bitcoin integration. Significant milestones include the distribution of DIGG based on users' engagement with BadgerDAO and implementing a supply-elastic mechanism to keep DIGG pegged to Bitcoin. Initially priced as high as 3.5 BTC, its market presence has evolved, reflecting typical cryptocurrency market dynamics.
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Frequently Asked Questions (FAQs)
What is the current price of DIGG (DIGG)?
The DIGG price is $1043.41 AUD, representing a -2.49% from the day prior.
Where is the best place to buy DIGG (DIGG) in Australia?
The best place to buy DIGG (DIGG) 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 DIGG (DIGG) 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 DIGG (DIGG)?
The trading volume of DIGG (DIGG) is $253 AUD in the last 24hrs, representing a -2.49% from the day prior.
How can I buy DIGG (DIGG)?
DIGG (DIGG) 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 DIGG (DIGG)?
The current market cap of DIGG (DIGG) is $255.7K AUD.
Can I convert DIGG (DIGG) to cash?
Yes - With Coinstash you can convert your DIGG (DIGG) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many DIGG (DIGG) are there?
The current circulating supply of DIGG (DIGG) is 252.
Is Coinstash a safe place to buy DIGG (DIGG) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling DIGG (DIGG) 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.