What is Badger DAO?
Badger DAO is a Decentralized Autonomous Organization (DAO) focused on building products and infrastructure to bring Bitcoin (BTC) into decentralized finance (DeFi) on Ethereum and other blockchains. The goal of Badger DAO is to create an ecosystem where Bitcoin can be used safely and effectively in DeFi applications, leveraging the security and value of Bitcoin while unlocking new possibilities in the DeFi space.
What is the BADGER token?
BADGER is the governance token of Badger DAO. It plays an important role in the operation and development of Badger DAO. Below are some main uses of the BADGER token:
Governance: This is the main use of BADGER. Holders of BADGER tokens have the right to participate in the governance process of Badger DAO by voting on proposals related to development, protocol changes, budget allocations, and other important decisions. The voting power of each person depends on the number of BADGER tokens they hold.
Incentives and rewards: BADGER tokens are used to incentivize users to participate in the Badger DAO ecosystem. For example: Liquidity mining, Staking, Distribution to the community.
Transaction fees: A portion of the fees generated from applications running on the infrastructure of Badger DAO can be distributed to holders of BADGER tokens, providing additional motivation to hold and participate in the ecosystem.
Main Products of Badger DAO
1. Sett Vaults:
These are smart contracts that allow users to deposit Bitcoin or other tokens to receive representative tokens in return. These tokens represent a share of the profits from using various investment strategies. Sett Vaults automatically rebalance portfolios to optimize returns while helping users diversify their assets easily.
For example: A Sett Vault can invest in lending protocols, earning money by lending Bitcoin and receiving interest.
2. Badger Boost:
Badger Boost is an incentive mechanism that encourages users to engage more deeply in the Badger DAO ecosystem. Users can enhance their voting power by locking BADGER for a certain period.
4. DIGG:
DIGG is another token of Badger DAO, designed to track the price of Bitcoin. DIGG uses a rebase mechanism, automatically adjusting the number of tokens in the user's wallet to reflect changes in the price of Bitcoin.
Tokenomics
Basic Information:
Name: Badger DAO
Trading Name: BADGER
Platform: Ethereum
Type: ERC-20 Utility Token
Contract: 0x3472a5a71965499acd81997a54bba8d852c6e53d
Total Supply: 21,000,000 BADGER
Token Allocation:
DAO Treasury: 35%
Liquidity mining: 23%
Developer mining: 15%
Airdrop: 15%
Team: 10%
Gitcoin: 2%
Who created Badger DAO?
Badger DAO was founded by Chris Spadafora. Chris is a prominent figure in the cryptocurrency space, best known as the founder of Badger DAO and Corn. He is also the founder of Alwayshodl and North Block.
How does Badger DAO work?
Badger DAO operates as a club that anyone can join. Want to be a member? Just own BADGER tokens! The more tokens you have, the greater your decision-making power in the club.
For example, you may decide which project to invest in, or what new features to develop for the club.
Badger also acts as a bridge for Bitcoin to enter the DeFi world. You can imagine it as taking an old toy of yours to a modern amusement park. There, that toy will be combined with many other games, becoming much more interesting. Badger has partnered with other amusement parks like Yearn, Ren, and Curve to do this.
Current price of BADGER
Where to buy and sell BADGER tokens?
The BADGER coin has been listed on quite a few cryptocurrency exchanges, and Binance.com is one of them. Binance is currently the top exchange in the world, trusted and used by most traders.
Anyone who doesn't have an account on this exchange should register for one immediately to start trading.
Binance registration link & 20% trading fee discount: https://accounts.binance.com/register?
Conclusion
With the mission to connect Bitcoin to the DeFi world, Badger DAO has built a vibrant ecosystem that attracts thousands of users worldwide. By providing diverse products and superior features, Badger DAO not only helps users maximize profits from Bitcoin assets but also contributes to the growth of the cryptocurrency industry.
