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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Searched
18
Market Stats
Market Cap
Not enough data
FDV
$17.00B
Circ. Supply
Not enough data
Max Supply
10B BIT
Total Supply
10B BIT
Diluted Valuation
$16.33B
Performance
Popularity
#5,211
Dominance
Not enough data
Volume (24H)
$8.42K
-80.06%
Volume (7D)
$53.15K
Volume (30D)
$837.44K
All time high
$4.69
Price Change (1Y)
171.83%
Additional details
Market details
BIT vs markets
↗ 62.71%
BIT vs BTC
↗ 59.95%
BIT vs ETH
↗ 67.3%
Tags
dao
governance
spartan-group
ftx-bankruptcy-estate
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x1A4b46696b2bB4794Eb3D4c26f1c55F9170fa4C5 |
Price history
Time | Price | Change |
|---|---|---|
Today | $1.70 | ↗ 2.00% |
1 Day | $1.68 | ↗ 2.00% |
1 Week | $1.55 | ↗ 9.36% |
1 Month | $1.80 | ↘ 5.59% |
1 Year | $0.62 | ↗ 171.83% |
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.
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