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BitDAO Overview
24h High
$0.72
24h Low
$0.67
24h Change
-3.49%
7d Change
+9.15%
30d Change
+3.02%
Volume 24h
$3.13K
Market Cap
$5.9M
Circulating Supply
8.38M BIT
BitDAO News
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About BitDAO
BitDAO (BIT) is a Decentralized Autonomous Organization aimed at boosting the decentralized economy. It is collectively owned and managed by its community of BIT token holders, who propose and vote on various matters. BIT tokens are used for governance, enabling holders to submit proposals and vote on issues. They also foster development and adoption of BIT-enabled products. The BitDAO Treasury, using Safe, manages the organization's assets. The BIT token, modelled on Compound Finance's COMP token, supports delegated voting and off-chain vote aggregation, with plans for on-chain governance in the future.
BitDAO (BIT) was not created by a single individual or entity. Instead, it operates as a DAO, which means it is collectively owned and operated by its community of BIT token holders. Everyone in this community can propose partnerships and protocol upgrades. The BitDAO Treasury, the official asset custody solution, uses a direct implementation of Safe to store its treasury assets.
The BIT token is used for governance within the BitDAO platform, enabling token holders to submit proposals and vote on various matters, such as launching new initiatives, transferring and recalling treasury resources, assigning and modifying powers to operating teams, and implementing corrective actions. It also fosters the development and adoption of BIT powered products and supports specialized initiatives. Through the concept of delegation, BIT holders can vote or create proposals by delegating their voting rights to an address. The BIT token, an instance of Compound Finance's COMP token, is designed to support delegated voting and off-chain vote aggregation, potentially moving to on-chain governance in the future.
BitDAO Markets
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BitDAO Platforms
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BitDAO Market Data
The live BitDAO price today is $0.69 USD with a 24-hour trading volume of $3,133.24 USD. We update our BIT to USD price in real-time. BitDAO is down 3.49% in the last 24 hours.
The current market cap is $5,902,309.42 USD, ranking #791 by market capitalization. The circulating supply is 8,380,510 BIT.