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).
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Trading Insights
Searched
47
Market Stats
Market Cap
Not enough data
FDV
$8.00B
Circ. Supply
Not enough data
Max Supply
10B BIT
Total Supply
10B BIT
Diluted Valuation
$7.70B
Performance
Popularity
#5,408
Dominance
Not enough data
Volume (24H)
$2.27K
167.99%
Volume (7D)
$7.71K
Volume (30D)
$970.41K
All time high
$4.69
Price Change (1Y)
-27.22%
Additional details
Market details
BIT vs markets
↘ 55.14%
BIT vs BTC
↘ 58.46%
BIT vs ETH
↘ 33.44%
Tags
dao
governance
spartan-group
ftx-bankruptcy-estate
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x1A4b46696b2bB4794Eb3D4c26f1c55F9170fa4C5 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.80 | ↗ 0.90% |
1 Day | $0.79 | ↗ 0.87% |
1 Week | $0.69 | ↗ 15.97% |
1 Month | $0.62 | ↗ 28.79% |
1 Year | $1.10 | ↘ 27.22% |
Coinbase insights
Recent trends
The latest BIT price is $0.80. Compared to BitDAO's value of $0.79 from 24 hours ago, there's been a 1% increase, while the current price is 16% up from $0.69 which was recorded one week ago. BitDAO's all time high is $4.69, which was reached on July 11, 2024. This is a -83% change from its price today.
The fully diluted valuation of BitDAO is $8.00B. The diluted valuation of BitDAO is $8.00B.
FAQ
BitDAO (BIT) is a decentralized autonomous organization that seeks to democratize the token economy. It is a sizable organization focusing on decentralized finance (DeFi). BitDAO is managed by holders of BIT tokens, who can propose changes to the protocol and vote on them. The organization aims to attract developers through token swaps and co-development efforts, allowing the BitDAO treasury to accumulate a diverse collection of crypto project tokens. BitDAO's vision encompasses open finance and a decentralized tokenized economy, with a focus on supporting a wide range of projects, including DeFi, DAOs, NFTs, and gaming.
BitDAO operates through a system of proposals and voting, with BIT token holders having the power to propose changes to the protocol and vote on them. The organization aims to partner with existing and emerging projects through token swaps, which will enable the BitDAO treasury to gather a collection of crypto project tokens. BitDAO also seeks to build core products that aim to enhance the functionality and effectiveness of BitDAO and other DAOs. These core products include on-chain and off-chain governance solutions and products, with the DAO’s treasury management able to deploy and monitor assets to earn yield. Additionally, BitDAO aims to provide grants to teams in the crypto industry for research or products, with all grants being voted on and given for the public good of the crypto world.
BitDAO has a broad range of potential use cases, primarily centered around supporting projects in the decentralized finance (DeFi) space. It aims to partner with existing and emerging projects through token swaps, which will enable the BitDAO treasury to gather a collection of crypto project tokens. This could potentially provide a boost to these projects, as well as to the overall DeFi ecosystem. Additionally, BitDAO seeks to build core products that aim to enhance the functionality and effectiveness of BitDAO and other DAOs. These products could potentially include on-chain and off-chain governance solutions and products, as well as DAO treasury management solutions.
BitDAO is a decentralized autonomous organization with no founders. The project is maintained by a group of contributors holding BIT tokens. The protocol has no teams or companies behind it, as it is a DAO, meaning that various individuals can propose changes to be made to the BitDAO protocol and it is up to the BIT holders (contributors) to vote on whether to accept or reject these suggested proposals. BitDAO has received support from various figures and organizations. Bybit is an early supporter of BitDAO and has pledged recurring contributions to the BitDAO treasury.
We update our BitDAO to USD 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 $4.69. 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 $2.27K.
Assets that have a similar market cap to BitDAO include Elephant Money, Provenance Blockchain, KeyOfLife Multichain Store Of Value, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of BitDAO is 0.
BitDAO ranks 252 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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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
BitDAO news
Trending articles
Social stats
Popularity in posts
#2752
Contributors
57
Posts
83
% About BitDAO
0.005%
Hold times
0 days
X (Twitter)
89.65% bullish
Sentiment
4.9 ★
Highlights
57 unique individuals are talking about BitDAO and it is ranked #2,752 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, BitDAO has an average sentiment score of 97 out of 5. Finally, BitDAO is becoming less newsworthy, with 0 news articles published about BitDAO.
On Twitter, people are mostly bullish about BitDAO. There were 89.65% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about BitDAO. 10.35% of tweets were neutral about BitDAO. These sentiments are based on 49 tweets.
On Reddit, BitDAO was mentioned in 14 Reddit posts and there were 11 comments about BitDAO. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
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.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. 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. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.