|All Time High:|
|Market Cap: |
|The price of #BIT today is $0.48 USD.|
The lowest BIT price for this period was $0, the highest was $0.476, and the exact current price of one BIT crypto coin is $0.47635.
The all-time high BIT coin price was $3.08.
Use our custom price calculator to see the hypothetical price of BIT with market cap of BTC or other crypto coins.
|The code for BITDAO is #BIT. |
BITDAO is 1.1 years old.
|The current market capitalization for BITDAO is $473,607,787.|
BITDAO is ranked #77 out of all coins, by market cap (and other factors).
|The trading volume is large during the past 24 hours for #BIT.|
Today's 24-hour trading volume across all exchanges for BITDAO is $13,090,143.
|The circulating supply of BIT is 994,251,105 coins, which is 10% of the maximum coin supply.|
|BIT has limited pairings with other cryptocurrencies, but has at least 4 pairings and is listed on at least 13 crypto exchanges.|
|Note that there are multiple coins that share the code #BIT, and you can view them on our BIT disambiguation page.|
BitDAO, MetaMask Snaps & Game7 Host BitDAO’s First Ever Sozu Haus Hacker House
Developers invited to Sozu Haus Bogotá during ETHBogotá and Devcon BitDAO, one of the world’s largest decentralized treasuries with over $1.5 billion in assets, is launching its first hacker house program, Sozu Haus. Sozu Haus will create a distinctive aesthetic that matches the energy and spirit of next-gen developers. The mission is to be the destination for developers ready to solve web3 problems. Over the next few years, the youngest of this cohort will have grown up in a world of blockchain, DeFi and DAOs. Sozu Haus is a program that will evolve and grow with them. The inaugural activation, Sozu Haus Bogotá, is built in partnership with MetaMask Snaps and Game7 and will host 28 developers at a private co-live/work space in Bogotá. Sozu Haus Bogotá will occur during ETHBogotá and Devcon from October 6–15 in Bogotá, Columbia. In collaboration with MetaMask, BitDAO and Game7 have created custom prompts for hackers to work on at the event. The prompts support the technological development of leading web3 companies including MetaMask, BitDAO, and Game7. Further details about the prompts can be found at SozuHaus Bogotá Prompts. Each developer and/or team will have the chance to work on their submission alongside mentors and industry builders who will join the house throughout the week. Some of the confirmed Mentors: | jacobc.eth | — | AFK | — | Jason Healy | — | Erik Marks | — | Olaf Tomalka | Sozu Haus Bogotá has already confirmed some amazing developers, but please go yourself or invite exceptional devs to apply at lu.ma/sozu. The last day to apply is September 27th at 12 am UTC/GMT-04:00. In addition to hacking, Sozu Haus Bogotá invites developers to participate in curated games, fireside chats with industry leaders, enjoy local food catering, and present their work at Demo Day on October 10, 2022. Winning teams will compete for the $20K+ prize pool to develop their ideas, and will receive coaching and resources to scale their innovations. Sozu Haus Bogotá is the first of many global hackathons hosted by Sozu Haus. Follow us on Twitter to learn more about Sozu Haus and our upcoming programming. Our Partners in Bogotá: BitDAO is empowering the next generation of Web3 builders and orgs with one of the largest and most diverse token-governed treasuries in the world. Find out more about BitDAO here — www.bitdao.io/ MetaMask is a crypto wallet & gateway to blockchain apps, trusted by over 30 million users worldwide. Metamask Snaps is a system that allows anyone to safely expand the capabilities of MetaMask. Find out more about MetaMask Snaps here — metamask.io/snaps/ Game7 is an Autonomous Institution with a treasury that’s managed and deployed by the community. This community will help shape capital allocation decisions, define gaming standards, fund open-source software and help make the gaming industry sustainable by ensuring it’s equitable and fair. Find out more about Game7 here — game7.io BitDAO, MetaMask Snaps & Game7 Host BitDAO’s First Ever Sozu Haus Hacker House was originally published in BitDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.
Game7: 2022 Game Dev Report
Game7: 2022 Game Dev Report — Overview - Game7 interviewed over 100 leading game developers building web3 games. This report is a summary of our primary findings with 7 major takeaways to help provide you a TL;DR summary. We encourage everyone to Read the Full Report — Takeaway #1: Chain Selection - The chain selection process can be very political and multifaceted. Most networks are incentivized to restrict user adoption into their own ecosystem which can push the industry away from interoperability. While there isn’t a perfect chain for everyone, we’ve outlined the major pros and cons of certain chains in the Ecosystem Specific section of the report. 👉 Read Full ReportChain Selection — Takeaway #2: Smart Contract Development - Existing smart contract and NFT standards across every ecosystem aren’t optimized for game development. ERC1155 NFT standard is lacking adoption compared to ERC721. Diamond Standard (EIP-2535) is consistently being used by experienced developers to build smart contracts. 👉 Read Full ReportSmart Contract Development — Takeaway #3: Wallets and SDKs - Game devs have a divergent and polarized opinion when it comes to the decision of holding custody over users’ wallets and assets to offer a better user experience. Native in-game web3 integration for popular game engines, such as Unity and Unreal Engine, is in dire need. 👉 Read Full ReportWallets & SDK’s — Takeaway #4: Marketplaces - Most of the mainstream wallets and marketplaces weren’t built for games and put more focus towards PFPs (Profile Pictures) and Art NFTs. This compels many Game Devs to want to build their own in-game marketplaces. 👉 Read Full ReportMarketplaces — Takeaway #5: On-chain vs Off-chain - User experience is a much higher priority than the level of decentralization for both game developers and gamers; most web3 game mechanics remain off-chain. Determining which portions of the game experience are on-chain and synchronizing this data is a struggle. 👉 Read Full ReportOn-Chain vs Off-Chain — Takeaway #6: Economic Design - There isn’t a proven working model for Economic Design, and naturally, there is no formula that applies to all. Many game developers are just “winging it” here through a trial and error approach. Both game developers and guilds themselves are trying to move away from the play-to-earn (P2E) model due to sustainability issues. 👉 Read Full ReportEconomic Design — Takeaway #7: Distribution and Communities - Game discovery and distribution is a gap across all platforms (browser, desktop, and mobile). Managing sustainable gaming communities is challenging, as most users focus more on the price of in-game tokens and assets (NFTs) than the gameplay itself. 👉 Read Full Report — About Game7 - Game7 is an Autonomous Institution with a $500m treasury managed and deployed by its community. If you would like to join the Sustainable Gaming Revolution then follow the links below: Follow Us: twitter.com Learn More: game7.io Game7: 2022 Game Dev Report was originally published in BitDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.
$BIT Purchase Updates
According to BIP-9, $21,000,000 worth of $BIT has been purchased in June 2022. 43,929,194.24 $BIT have been purchased, Average purchase price is $ 0.4801720588, Source of the $21,000,000 fund is from Bybit’s June contribution (docs.bitdao.io), Purchase was executed through TWAP trades (around $486 worth of BIT purchases every minute) by a bot on Bybit, The purchased 43,929,194.24 $BIT will be contributed to BitDAO treasury by July 15, 2022, According to BIP-12, $6,000,000 worth of $BIT has been purchased from July 1, 2022 to July 4, 2022. 3,496,662.03 $BIT was purchased on July 1; average purchase price was $ 0.428388948530722, 3,518,947.52 $BIT was purchased on July 2; average purchase price was $0.425379930555561, 3,516,567.77 $BIT was purchased on July 3; average purchase price was $0.4259480716, 3,481,139.91 $BIT was purchased on July 4; average purchase price was $0.430021199006549, Source of the fund is from BitDAO treasury; 45,000,000 USDT has been transferred from BitDAO treasury to fund the purchase program from July 1, 2022 to July 30, 2022, Purchase is executed through TWAP trades (around $1,041.7 worth of BIT purchase every minute) by a bot on Bybit, The purchased $BIT in July will be transferred back to BitDAO treasury by August 15, 2022, — $BIT Purchase Updates (July 5–July 10, 2022) - According to BIP-12, $9,000,000 worth of $BIT has been purchased from July 5, 2022 to July 10, 2022. 20,081,539.93 $BIT was purchased from July 5 to 10; average purchase price was $0.4481728011, Source of the fund is from BitDAO treasury, Purchase is executed through TWAP trades (around $1,041.7 worth of BIT purchase every minute) by a bot on Bybit, The purchased $BIT in July will be transferred back to BitDAO treasury by August 15, 2022, — $BIT Purchase Updates (July 11–July 17, 2022) - According to BIP-12, $10,500,000 worth of $BIT has been purchased from July 11, 2022 to July 17, 2022. 22,974,645.77 $BIT was purchased from July 11 to 17; average purchase price was $0.4564310978, Source of the fund is from BitDAO treasury, Purchase is executed through TWAP trades (around $1,041.7 worth of BIT purchase every minute) by a bot on Bybit, The purchased $BIT in July will be transferred back to BitDAO treasury by August 15, 2022, — $BIT Purchase Updates (July 18–July 24, 2022) - According to BIP-12, $10,500,000 worth of $BIT has been purchased from July 18, 2022 to July 24, 2022. 19,707,942.47 $BIT was purchased from July 18 to 24; average purchase price was $0.5327801223, Source of the fund is from BitDAO treasury, Purchase is executed through TWAP trades (around $1,041.7 worth of BIT purchase every minute) by a bot on Bybit, The purchased $BIT in July will be transferred back to BitDAO treasury by August 15, 2022, — $BIT Purchase Updates (July 25 — July 31, 2022) - According to BIP-12, $10,500,000 worth of $BIT has been purchased from July 25, 2022 to July 31, 2022. 16,392,393.37 $BIT was purchased from July 25 to 31; average purchase price was $0.6405409975, Source of the fund is from BitDAO treasury, Purchase is executed through TWAP trades (around $1,041.7 worth of BIT purchase every minute) by a bot on Bybit, The purchased $BIT in July will be transferred back to BitDAO treasury by August 15, 2022, — $BIT Purchase Updates (August 1— August 7, 2022) - According to BIP-12, $10,500,000 worth of $BIT has been purchased from August 1, 2022 to August 7, 2022. 14,527,622.58 $BIT was purchased from August 1 to 7; average purchase price was $0.7227610672, Source of the fund is from BitDAO treasury, Purchase is executed through TWAP trades (around $1,041.7 worth of BIT purchase every minute) by a bot on Bybit, The purchased $BIT in August will be transferred back to BitDAO treasury by September 15, 2022, — $BIT Purchase Updates (August 8— August 14, 2022) - According to BIP-12, $10,500,000 worth of $BIT has been purchased from August 8, 2022 to August 14, 2022. 14,833,680.38 $BIT was purchased from August 8 to 14; average purchase price was $0.7078486074, Source of the fund is from BitDAO treasury, Purchase is executed through TWAP trades (around $1,041.7 worth of BIT purchase every minute) by a bot on Bybit, The purchased $BIT in August will be transferred back to BitDAO treasury by September 15, 2022, — $BIT Purchase Updates (August 14— August 21, 2022) - According to BIP-12, $10,500,000 worth of $BIT has been purchased from August 14, 2022 to August 21, 2022. 20,966,743.48 $BIT was purchased from August 14 to 21; average purchase price was $0.5007930779, Source of the fund is from BitDAO treasury, Purchase is executed through TWAP trades (around $1,041.7 worth of BIT purchase every minute) by a bot on Bybit, The purchased $BIT in August will be transferred back to BitDAO treasury by September 15, 2022, — $BIT Purchase Updates (August 21 — August 28, 2022) - According to BIP-12, $10,500,000 worth of $BIT has been purchased from August 21, 2022 to August 28, 2022. 20,637,848.02 $BIT was purchased from August 21 to 28; average purchase price was $0.5087739763, Source of the fund is from BitDAO treasury, Purchase is executed through TWAP trades (around $1,041.7 worth of BIT purchase every minute) by a bot on Bybit, The purchased $BIT in August will be transferred back to BitDAO treasury by September 15, 2022, Updates of the purchase program will be posted on the BitDAO Medium on a weekly basis. BitDAO Twitter: twitter.com Official Telegram: t.me BitDAO Discord: discord.com $BIT Purchase Updates was originally published in BitDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.
$10k in BitDAO Prizes @ETHNewYork - The BitDAO community is pleased to announce their sponsorship of two hackathon tracks during ETHNewYork, 24–26th June, 2022. Prizes worth $10k in $BIT — will be given for innovative solutions in the fields of: DAO treasury deployment tooling, DAO proposal processes, Apply to hack here: hack.ethglobal.com 🥇 First Place: $5,000 in $BIT, 🥈 Second Place: $3,000 in $BIT, 🥉 Third Place: $1,000 in $BIT, 💪 Runner Ups x 2: $500 in $BIT, — Track 1: DAO Treasury Deployment Tooling - Large DAO treasuries have to be managed conservatively to avoid principal loss through systemic failure, oracle misfires or other mechanical exploits. We are looking for solutions (tooling, operating structures, etc.) that would allow DAOs to deploy their treasuries at size for yield. For example: A Gnosis Safe module that allows whitelisting and passive deployment of treasury assets to blue chip yield farms., Collateralized / margin loans (P2P, pools)., — Track 2: DAO Proposals Processes - In the current state of governance, the majority of DAO proposals are created in private, with the initial version presented on DAO forums typically having already been reviewed by core team members and large stakeholders. This process can take several months, and is usually unpaid. DAOs have many tradeoffs versus traditional organizations (especially with execution efficiency), but one of their primary benefits is to leverage a wider range of community contributions for ideas and development; something that isn’t happening with the current status quo. We’re looking for solutions to incentivize the construction of DAO proposals in a public and incremental way, with DAO members being able to signal which parts they support or are opposed to. Situations where this may be beneficial to the ideation process include: Rebrandings (allowing for feedback during the design process)., Protocol functionality upgrades., Protocol parameter changes., New business initiatives., Likely solutions will need to leverage some combination of token gating and existing popular DAO communication tools (Discourse, Discord, Snapshot, grant solutions, etc.) Apply now: hack.ethglobal.com — BitDAO x Windranger Hacker House @ETHNewYork - During ETHNewYork, BitDAO and Windranger Labs will also be cohosting the first ever BitDAO Hacker House. If you’re interested, make sure to apply now. We have limited mattresses available. Dates: June 23 till June 28, 2022 — Who Can Sign Up? - We’re looking for people at all stages in their developer journey interested in building tooling DAOs can leverage to make their day to day processes easier! Participants will be expected to submit a project to ETHNewYork BitDAO prize track (mentioned above) at the end of their stay. — Do I Have to Pay to Participate? - No! The BitDAO x Windranger Hacker House is completely FREE of charge to all selected participants. — How Can I Apply? - We have limited seats! Please apply HERE if you are interested in participating — Acceptances will be going out on a rolling basis! About BitDAO is a collective of builders and stakeholders enabling mutually beneficial web3 ecosystems of people, products, and public goods. We utilize our treasury of billions in assets to grow an ecosystem of Autonomous Entities (AEs) with a shared vision for the future — driving the development of web3 tools and technologies across industries including arts, education, media, finance, gaming, and technology — and providing a return to the treasury. Website | Docs | Twitter | Telegram | Discord | Discourse | Snapshot Hackathon @ETHNewYork was originally published in BitDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.
BitDAO Community Sponsors Chainlink Price Feeds for BIT, Enabling its Adoption Across DeFi
Members of the community have privately sponsored the launch of new Chainlink Price Feeds on Ethereum, which serve as decentralized price oracles for the BIT token. The integration of Chainlink’s industry-leading oracle network will help optimize trading of BIT on spot and derivative DEXs, as well as enable the listing of BIT as a collateral asset on decentralized lending and liquidity management platforms. The vision of BitDAO is to bring about an unstoppable economy enabled by decentralized assets, decentralized technologies, and decentralized organizations. BitDAO aims to support builders of the decentralized economy by providing a blockchain-agnostic platform for proposals to its treasury that are voted upon by BIT token holders. Possible proposals include direct partnerships, swaps with projects, and expansion via specialized autonomous entities that range from gaming organizations, artist guilds, product labs, asset managers and more. It was decided to integrate with Chainlink because it is the most time-tested and widely used oracle network in the blockchain industry, already helping secure 80B+ in value for leading decentralized applications across multiple blockchains. Chainlink Price Fees has a strong reputation for premium data and robust oracle infrastructure, setting a solid foundation for growth and adoption of BitDAO’s native BIT token. Oracles are critical to BIT’s wider market adoption, particularly to enable more capital-efficient spot and derivatives markets and increase its utility as collateral in DeFi platforms. When considering various oracle solutions, Chainlink was the obvious choice given it’s performance history and network effect. Some of the notable features of Chainlink Price Feeds include: High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned from outliers and suspicious volumes. Chainlink’s data aggregation model generates accurate global market prices that are resistant to API/exchange downtime, flash crash outliers, and data manipulation attacks., Blockchain Agnostic — Chainlink Price Feeds operate at the native speed and costs of the blockchains they support, removing dependencies on other blockchain networks., Robust Infrastructure — Chainlink Price Feeds utilize decentralized networks of professional node operators run by leading blockchain DevOps teams and traditional enterprises with a strong track record of uptime., Transparent Monitoring — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of price feeds., “Chainlink has already proven to be a key component of the decentralized economy through its battle-tested oracle services that are easy to integrate and known for best-in-class security and reliability. BitDAO’s mission is to support builders of the decentralized economy and showcase the potential of DAOs, and Chainlink is an obvious choice for helping enable more liquidity and utility of the native BIT token.“ — BitDAO community member About Chainlink Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains. Learn more about Chainlink by visiting chain.link or read the documentation at docs.chain.link. To discuss an integration, reach out to an expert. About BitDAO BitDAO is one of the largest token governed treasuries with billions in assets and a broad mandate to facilitate the development of an unstoppable economy enabled by decentralized assets, decentralized technologies, and decentralized organizations. Through it’s treasury, BitDAO is creating an entire network of autonomous entities that bring together industry leading partners to scale Web3 technologies across art, entertainment, finance, technology, and more. To join BitDAO and to turn ideas into ecosystems visit bitdao.io or join the community Discord. BitDAO Community Sponsors Chainlink Price Feeds for BIT, Enabling its Adoption Across DeFi was originally published in BitDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.
BitDAO x MISO Airdrop Bonus
TL;DR - Go to misoairdrop.bitdaotools.io and claim your bonus, Please check when signing Merkle Distributor: 0xc1339cf4c27d29b5Bd1fAa90739Ad1E2d4A8B9cb MethodID: 0x3e4fcb21, Eligible claimants include the first 90% of participants (by amount) of the BIT-ETH and BIT-SUSHI Sushi MISO auctions only, An additional 0.012 ETH has been allocated to each eligible claimant to offset gas fees, Note: For risk management reasons, the claim smart contract (Merkle Distributor) will only contain a portion of the total Bonus pool at any one time, and will be topped-up periodically. This means that you may be eligible but unable to claim until the next top-up of the Bonus pool. Please check the smart contract address prior to claim to view if tokens are available for your claim. The Claim website will be available for 9 months until Aug. 2022. The claim smart contract has no expiration. — Background - On Aug. 16th 2021, BitDAO collaborated with Sushi MISO for the BIT token launch with simultaneous participation in ETH and SUSHI. As part of the MISO Auction rules, there was a tiered bonus system where the first 90% of participants (by amount) received between 40.0% and 4.4% bonus in BIT-ETH SLPs. Note: during the last 90 days the BIT-ETH SLPs were influenced by farming rewards, swap fees, and impermanent loss. More details of the BIT x MISO event and rules can be found at: medium.com — Eligibility - Only the first 90% of participants (by amount) in the Aug.16th 2021 BIT-ETH and BIT-SUSHI MISO events are eligible for this bonus airdrop., All others are not eligible., — Calculation Method - — Query. — BIT-ETH MISO contract 0x4c4564a1fe775d97297f9e3dc2e762e0ed5dda0e BIT-SUSHI MISO contract 0xff2875ba4c52d52dfcd441ee322449a0a6d0f97d Transactions sequenced by Ethereum Block Height and Transaction Offset. Transactions filtered by Function: commitTokens (MethodID 0xdc97e082). Transactions filtered by Success = TRUE. Amount committed in ETH or SUSHI deducts any refunded amounts due to the Auction being sold out. — Calculate: Percentage of Bonus Pool. — BIT-ETH and SUSHI-ETH auctions are treated as separate pools. Successful commits sequenced from first to last with brackets every 10% of total commitment amount. Each bracket assigned a bonus weight of 40.0%, 35.6%, 31.1%, 26.7%, 22.2%, 17.8%, 13.3%, 8.9%, 4.4%, and 0.0% respectively. Commits which straddle multiple brackets will have amount-weighted bonus weight. Bonus weight per participant address used to calculate Percentage of Bonus pool. — Calculate: Bonus Pool. — 505306.336 BIT-ETH SLP and 9093479 BIT claimed from SushiSwap Onsen rewards etherscan.io Transferred to Bonus Airdrop Admin address 0xcf8db36ebecce3608394fd6031dc7abd2a2ab839 *Note all airdrop amounts will be funded out of this address etherscan.io etherscan.io SLP split into 21,537,592 BIT and 12,226.25 ETH etherscan.io Total Bonus pool 30,631,071 BIT and 12,226.25 ETH 90% allocated to BIT-ETH MISO participants 10% allocated to BIT-SUSHI MISO participants — Adjustment for Merkle Distributor. — Last 10% of participants (by amount) in the BIT-ETH MISO and BIT-SUSHI MISO events, who have a 0% bonus, are removed from the eligible claimant list. Multiple MISO commits from the same commit address are aggregated. For MISO commits that came from smart contracts (Bots, Multisigs, Pools), the claimant has been set as the address that called the MISO smart contract. In total there are 9875 eligible claimant addresses. An additional 10 claimant addresses with nominal claim amounts have been added to test the Merkle Distributor smart contract in production. — Adjustments for Gas Fees. — An additional 0.012 ETH has been allocated to each claimant to help pay for claim gas fees. This additional ETH has been privately funded and is not from the BitDAO treasury. BitDAO x MISO Airdrop Bonus was originally published in BitDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.
Proposals, Voting, and Delegated Voters
Setup - BIT token holders cannot vote or create proposals until they delegate their voting power to an address., Delegation can be given to one address at a time, including the holder’s own address. This is similar to Uniswap voting., — How to Delegate - See docs.bitdao.io, Or use this tool delegate.bitdaotools.io, — Kick-starting the Process - To kick-start the process, a major BIT token holder (Bybit) has delegated voting power to various Labs, Ventures, and Growth Teams. These initial delegates are expected to: Propose partnerships (swaps, grants, yield, BIT use-cases), Propose creation of Autonomous Entities (including linked-DAOs or sub-DAOs), Propose cooperation with existing DAOs, Build and propose new tooling and products for BitDAO, Maintain high standards for proposals (must have clear benefits for BitDAO and partner projects, and be executable with terms thoroughly negotiated and defined), Inspire others to join the BitDAO mission, Have skin in the game, Delegations may be added, removed, or adjusted based on activity and community feedback. — The Current Dynamic - Based on current delegations, no single voter can push through a proposal (minimum 100M vote threshold) without support from other voters., Delegation of votes is permissionless. We encourage BIT token holders to identify other delegates to support with voting power., Delegation leader board can be seen here: delegate.bitdaotools.io, — Current Known Delegated Voters - Please refer to this list: docs.bitdao.io Proposals, Voting, and Delegated Voters was originally published in BitDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.
BitDAO x MISO Completed
MISO Summary - 200M BIT tokens were successfully MISOed 🍣 with 11,449 unique participants and over 112,666 ETH and 2,511,100 SUSHI raised. Claim your BIT from the BIT-ETH auction here. Claim your BIT from the BIT-SUSHI auction here. There is no time limit for the claim. — In case you missed it - The BIT-ETH MISO was finalized, claimable, and liquid ahead of the original schedule. A description of the events and reasons can be found here: hackmd.io, www.paradigm.xyz, Thanks to Samczsun, the Paradigm team, and the SushiSwap team! No funds were lost. The BIT-SUSHI MISO auction was completed on the 13th day, and finalized after the 14th day according to schedule. — Bonus airdrops - 20M BIT was combined with ~12,767 ETH to create ~505,306 BIT-ETH SLP Tx1, Tx2., Note that 20M / 180M * 112,666 = 12,518 ETH should have been the quantity used but an exact rate could not be established due the tokens already being liquid. The end result is MISO participants will receive a slightly higher airdrop than was originally designed., These SLP will be airdropped to auction participants on Nov. 28 at 1300 UTC (together with double farming rewards earned in the interim)., Both BIT-ETH and BIT-SUSHI MISO participants will be eligible to receive the airdrop, with 90% of the SLPs allocated to BIT-ETH MISO participants and 10% of the SLPs allocated to BIT-SUSHI MISO participants., A tracker tool will be created shortly for participants to check how much will be airdropped to their address., Edit Nov. 28Update regarding Miso Bonus Airdrop. As the SLP has been farming Onsen rewards, the numbers for the airdrop amount are currently being finalized. Based on engineering feedback and security concerns the airdrop method will be a claim of BIT and ETH tokens. It will take a few days to review the claim contract and website. — An account of the assets - Proceeds 99,899 ETH ♦️ (112,666 proceeds minus 12,767 airdrop) has been transferred to the BitDAO Treasury., 2,511,113 SUSHI 🍣 has been converted to xSUSHI — a continuously compounding token that accrues a percentage of fees from the SushiSwap exchange. More details about xSUSHI here. The xSUSHI has been transferred to the BitDAO Treasury., BIT Tokens (started with 260M tokens) 180M to ETH MISO participants, 20M to SUSHI MISO participants, 20M combined with ETH for bonus airdrop SLP, The remaining 40M BIT tokens will be allocated to other rewards starting with Onsen 2x Reward Farms 🍣 ⛲️. More details here., BitDAO x MISO Completed was originally published in BitDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.
2x Reward Farms on SushiSwap
Overview - ~34M BIT tokens will be allocated to farming rewards on SushiSwap 🍣 over the next ~180 days. — First Tranche Parameters - Starts: Aug. 31 0001AM UTC, Stake: BIT-ETH SLP, Duration: 30 days (but will likely continue at similar rates for 180 days), 96 SUSHI per day, 186,667 BIT per day, As stated in an earlier article the BIT-ETH SLP that has been created as part of the MISO airdrop bonus will participate in this farm immediately. The SLP and associated rewards will be airdropped to MISO participants 90 days later., — How to Participate - — Step 1: Create a BIT-ETH SLP. — app.sushi.com Here are some BIT-ETH pair analytics. — Step 2: Stake your BIT-ETH SLP. — app.sushi.com — Note - Upsides: Earn BIT swap rewards, Earn SUSHI swap rewards, Earn BIT-ETH SushiSwap swap fees, Risks: Exposure to BIT price, Exposure to ETH price, Exposure to impermanent loss (constant product AMM pools), 2x Reward Farms on SushiSwap was originally published in BitDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.
Update on BitDAO MISO Auction
The BIT-ETH auction was completed in a few hours, far faster than expected, with over 112,000 ETH raised, and over 9200 participants. The auction was finalized and tokens are claimable! — @SushiSwap The BIT-SUSHI MISO auction is still live with airdrop bonuses equally accessible, and early participants enjoying larger bonuses. miso.sushi.com — @SushiSwap BIT is now tradable on SushiSwap DEX here: analytics.sushi.com More details will be provided shortly. BitDAO is excited to collaborate with Sushi for the next phase of building decentralized organizations and coordinating on various community events 🍣 Stay tuned. Update on BitDAO MISO Auction was originally published in BitDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.
More BITDAO (#BIT) News
|Bybit Contributes $134 Million to BitDAO to Support DeFi Growth
Singapore-based crypto exchange, Bybit, has recently contributed a whopping $134 million worth of ETH, USDT, and USDC to BitDAO's treasury.
Supporting dApp Builders
The exchange describes BitDAO as one of the largest decentralized autonomous organizations (DAOs) in the industry. It aims to support dApp builders and lower the entry barriers into the decentralized economy.
BitDAO allocates substantial financial and talent resources to drive decentralized finance growth. It is supported by several top VCs and crypto companies, including Pantera, Peter Thiel, and Bybit.
According to the crypto exchange, its recent $134 million contribution to the DAO is equivalent to 2.5bps of the platform's futures trading volume between Nov. 1 and Dec. 31.
CryptoPotato reached out to Bybit for comments on the DAO contribution. The exchange's head of communication, Igneus Terrenus said,
'Bybit pledged 2.5bps of our futures trading volume to support BitDAO because we believe its mission to support builders of the decentralized economy and showcase the potential of DAOs. We are delighted to see BitDAO getting better with every passing day, executing on its open mandate to foster technologies that present entirely new ways for people to work, engage, and transact together.'
This is not the first time Bybit is contributing a substantial amount to its DAO. Earlier in July 2021, just a month after BitDAO was launched, the exchange contributed $19.3 million to the BitDAO treasury and pledged a con...