About BitDAO
BIT is an Ethereum token that governs BitDAO, a protocol designed to support builders of decentralized technologies. BitDAO plans to provide grants for development of decentralized technologies including DeFi apps, governance protocols, layer 1 or layer 2 blockchains, privacy, and NFTs. Proposals, treasury allocations, and protocol changes can be voted upon by BIT token holders. Note: Coinbase only supports BIT on the Ethereum blockchain (ERC-20).
Trading Insights
Searched
61
Market Stats
Market Cap
Not enough data
FDV
£5.65B
Circ. Supply
Not enough data
Max Supply
10B BIT
Total Supply
10B BIT
Diluted Valuation
£5.41B
Performance
Popularity
#5,451
Dominance
Not enough data
Volume (24H)
£1.93K
-59.1%
Volume (7D)
£83.08K
Volume (30D)
£395.49K
All time high
£3.50
Price Change (1Y)
-47.46%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Additional details
Recent trends
The price of BitDAO has increased by 0.16% in the last hour and increased by 2.35% in the past 24 hours. BitDAO’s price has also risen by 27.16% in the past week. The current price is £0.56 per BIT with a 24-hour trading volume of £1.93K. Currently, BitDAO is valued at 83.87% below its all time high of £3.50. This all-time high was the highest price paid for BitDAO since its launch.
The current circulating supply of BitDAO is 0 BIT which means that BitDAO has as total market cap of £0.00.
Market details
BIT vs markets
↘ 67.78%
BIT vs BTC
↘ 71.68%
BIT vs ETH
↘ 47.52%
Tags
dao
governance
spartan-group
ftx-bankruptcy-estate
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x1A4b46696b2bB4794Eb3D4c26f1c55F9170fa4C5 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.56 | ↗ 2.35% |
1 Day | £0.55 | ↗ 2.35% |
1 Week | £0.44 | ↗ 27.16% |
1 Month | £0.46 | ↗ 21.81% |
1 Year | £1.11 | ↘ 47.46% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
BitDAO aims to create a DAO (decentralized autonomous organization) with billions in forecasted contributions and existing assets. The platform has a focal mission to support builders of the decentralized economy. In addition, BitDAO functions as an open platform that accepts proposals, and the platform’s token holders can vote upon these proposals. The proposals can be direct partnerships or swaps with numerous projects, or expansion through specialized autonomous entities, including ecosystem funds, artist guilds, farming cooperatives, and R&D Labs.
BitDAO endeavors to build an economy that gets continuous support from decentralized assets, decentralized technologies, and DAOs. The platform simply wants to showcase the potential of DAOs.
Next, the BitDAO ecosystem works toward becoming the largest autonomous network by creating and partnering with specialized autonomous entities. This process generates ecosystem funds, art, farming, R&D, venture, events, grants, DAO operation services, education, etc. The platform also encourages autonomous entities to create and partner with other similar entities to enable fractal expansion. BitDAO boosts its partners to become category leaders via R&D Labs, liquidity, funding, and operational support. Moreover, BitDAO seeks to make the creation and operations of autonomous entities as efficient and convenient as possible.
According to the BitDAO ecosystem, the key to success is partnering up with top projects and explicitly created autonomous entities. BitDAO aims to have billions in assets and recurring contributions. The success of BitDAO solely depends on its partners; the success of partner projects is directly proportional to the value of BitDAO treasury.
The BitDAO platform is owned and governed by the BIT (governance token of BitDAO) token holders. The initial governance policy includes token swaps with existing and upcoming projects along with treasury allocation and updates of BitDAO core protocols. The BitDAO governance functions in two phases.
In phase 1, BitDAO uses the standard setup of Gnosis Safe, Gnosis Snapshot off-chain governance, and multi-signature administrators.
Phase 2 consists of building a customized governance module. Gnosis Safe provides crypto projects with multi-sig control, and Gnosis Snapshot functions as an off-chain vote aggregation platform.Multi-sig is an abbreviation for multi-signature, a sort of digital signature that allows two or more people to sign documents as a group.
BitDAO is a community-driven project with numerous builders and stakeholders. The community holds the BIT tokens and is highly motivated to provide continuous support for the success of this project. The maximum total supply for the BIT token is 10,000,000,000.
We update our BitDAO to GBP currency in real-time. Get the live price of BitDAO on Coinbase.
The current market cap of BitDAO is £0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of BitDAO is £3.50. This all-time high is highest price paid for BitDAO since it was launched.
Over the last 24 hours, the trading volume of BitDAO is £1.93K.
Assets that have a similar market cap to BitDAO include BOLT, GM Everyday, Passage, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of BitDAO is 0.
BitDAO ranks 256 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 100% of Coinbase users are buying BitDAO. In other words, 100% of Coinbase customers have increased their net position in BitDAO over the past 24 hours through trading.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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