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Web3 People

BitDAO

BIT

  • DAO
Established Year
2021
Operating Status
Active
Ecosystem
Ethereum
BitDAO is one of the largest token-governed treasuries, with billions in assets and a broad mandate to facilitate the development of an economy enabled by decentralized assets, decentralized technologies, and decentralized organizations. Through its treasury, BitDAO is creating an entire network of autonomous entities that unite industry-leading partners to scale Web3 technologies across art, entertainment, finance, technology, and more. Bybit is the instigator and a major contributor to BitDAO. It has pledged recurring contributions of 2.5 basis points of its futures contracts trading volume to the BitDAO treasury.

Financial Portfolio

Investment

Common
Common
N/A
$20 M
PleasrDAO
PleasrDAO
N/A
$6.5 M
UMA
UMA
N/A
$2.6 M

Recent News

Frequently Asked Questions

What Is BitDAO (BIT)?

BitDAO is a decentralized autonomous organization that wants to level the playing field for every person in the world by building a decentralized token economy. This protocol is one of the world’s newest and largest decentralized autonomous organizations focused on DeFi, and is managed by holders of BIT tokens. One of the initiative's primary aims is to attract developer talent via token swaps and co-development efforts. The token swaps will enable the BitDAO treasury to accumulate a collection of the top crypto project tokens. BitDAO's vision is open finance and a decentralized tokenized economy. BitDAO hopes to support a broad range of projects including DeFi, DAOs, NFTs and gaming. Support will be in the form of research and development, liquidity bootstrapping and funding.