Price of Badger DAO (BADGER) today
As of the latest data, Badger DAO (BADGER) is currently priced at $4.42 with a market capitalization of $84.17M. The 24-hour trading volume stands at $7.98M, The circulating supply of Badger DAO is approximately 19.24M. The cryptocurrency has seen a 0.23% increase in value over the past 24 hours.
About Badger DAO (BADGER)
Badger DAO is an open-source utility and governance token issued by a decentralized exchange with the same name. Founded in 2020, Badger DAO employs the Bitcoin-focused DeFi protocol, bringing Bitcoin to the decentralized finance industry and creating use cases for 'wrapped Bitcoin' products. The platform aims to develop products and infrastructure for the widespread adoption of Bitcoin across different blockchains, fostering collaboration among users from various decentralized platforms to enhance the DeFi industry. Badger DAO operates on smart contracts, decentralized organization, and liquidity mining infrastructure, ensuring security through code audits and employing a burning system to control the system's balance.
The platform's governance model allows for financial and organizational decisions to be made through voting, requiring participation from 10% of the Badger token's total supply for proposal processing. Badger DAO offers products such as SETT, an automated DeFi aggregator specializing in tokenized BTC products, and DIGG, a synthetic Bitcoin on Ethereum pegged to the Bitcoin price. The Badger DAO token (BADGER) can be held, traded, used for voting, and farming yielding, with rewards boosted through the Badger Boost policy based on the amount of tokens held. The team behind Badger DAO consists of experienced cryptocurrency investors dedicated to launching a decentralized community-owned platform.
In terms of partnerships, Badger DAO collaborates with companies like Zolyo for contract auditing and dOrg DAO for developing DeFi-focused cryptocurrency projects. The platform recently diversified its 1 million USD treasury with strategic partners like Polychain Capital, Parafi Capital, and Blockchain Capital to support growth, provide liquidity, and enhance synergy with other institutional funds.
How does Badger DAO work?
Badger DAO is a decentralized autonomous organization built on the Ethereum blockchain that aims to provide a platform for users to earn, save, and invest in digital assets. It operates through smart contracts and allows for peer-to-peer transactions without the need for intermediaries. Badger DAO utilizes blockchain technology to ensure transparency, security, and immutability of transactions. Its consensus mechanism is based on decentralized governance, where token holders can vote on proposals and decisions related to the platform. Unique features of Badger DAO include yield farming, staking, and liquidity mining, which allow users to earn rewards by participating in the ecosystem. Its use cases span across DeFi platforms, decentralized exchanges, and other financial applications, offering a wide range of opportunities for users to engage with digital assets in a decentralized manner. Overall, Badger DAO stands out from traditional financial systems by providing a decentralized and community-driven approach to managing digital assets and generating passive income.
How to keep your Badger DAO (BADGER) safe?
To keep your Badger DAO (BADGER) safe, it is recommended to utilize hardware wallets such as Ledger for enhanced security measures. These wallets provide an extra layer of protection by storing your private keys offline, making it harder for hackers to access your funds. Additionally, trusted platforms like Coinbase, OKX, and Kraken offer secure storage options and insurance coverage for your assets, giving you peace of mind knowing that your BADGER tokens are safe from potential threats. By utilizing these secure platforms and hardware wallets, you can better protect your investment in Badger DAO.
