What Is Badger DAO (BADGER)?
Badger DAO is an open-source, decentralized automated administration that is dedicated to build products and infrastructure of simplifying the use of Bitcoin ( BTC ) as collateral across many fresh contract platforms. The platform is a share space where the developers, known as Badge Builders, have the ability to collaborate and implement Bitcoin as collateral to as many blockchains as possible. A developer can earn a share of the fees and BADGER tokens from the developer mine consortium for every execution. The mainnet was launched on December 3, 2020. A builder can be a unmarried developer, a group of developers, or even a company. There are no specify obligations to participation requirements, and anyone can create. The pillars of Badger DAO include the Badger Builders, the community-created products, the Dedicated Badger Operations team, the fairly initial distribution of the BADGER tokens for government and the fact that all of the code is open-sourced .
Who Are the Founders of Badger DAO?
The founder of Badger DAO is Chris Spadafora. He is a long-run crypto enthusiast, investor, and partner at Angelrock.
What Makes Badger DAO Unique?
Badger DAO has two chief products : Sett and DIGG. Badger DAO is a community-driven project ; as such, before any products are developed they first need to be pitched to, voted on and approved by token holders. Sett is a decentralized finance ( DeFi ) collector that has flash lend moderation measures focused on tokenized BTC through five strategies. once a user makes a deposit, they can earn a yield as the protocol ’ s smart contract does the work. In order to incentivize this participation, farmers that down payment tokenized BTC into the Sett vault gain BADGER and DIGG. Aside from a 0.5 % fee, an extra 4.5 % is deducted from the profits to cover accelerator and transaction costs. DIGG is a non-custodial synthetic Bitcoin on Ethereum ’ s blockchain that is pegged to the monetary value of BTC with a compromising supply and a re-base function. Its main goal is to remove centralized third base parties .
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How Many Badger DAO (BADGER) Coins Are There in Circulation?
Badger DAO ( BADGER ) has a circulating provision of 7,339,511 tokens as of March 2021 and a maximum add of 21,000,000 BADGER .
How Is the Badger DAO Network Secured?
Badger DAO has passed the initial audit of its smart contracts by the Zokyo audit team with no critical issues found.
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Badger DAO has established a security advisory committee that is composed of white hat hackers that regularly review the project ’ mho ecosystem. Badger DAO besides has plans to develop incentives that will reward public peer reviewers and to launch a hemipterous insect bounty program .
Where Can You Buy Badger DAO (BADGER)?
Badger DAO ( BADGER ) can be bought or sold on the following exchanges : If you are new to trade cryptocurrencies, feel detached to read our guide on how to buy Bitcoin ( BTC ) here .