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Badger DAO

BADGER

Price
$2.61
12/9/2022, 5:05:23 PM
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Market

Market stats

Market cap

$44.1M

Volume (24h)

$7.2M

Circulating supply

16.9M BADGER

Typical hold time

6 days

Trading activity

Not enough data

Popularity

#141

All time high

$89.50

Price change (1h)

-0.4%

Price change (24h)

-0.27%

Price change (7d)

-3.35%

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Badger DAO is on the decline this week.

The price of Badger DAO has fallen by 3.35% in the past 7 days. The price declined by 0.27% in the last 24 hours. In just the past hour, the price shrunk by 0.40%. The current price is $2.61 per BADGER. Badger DAO is 97.09% below the all time high of $89.50.

The current circulating supply is 16,928,536 BADGER.

About

BADGER is an Ethereum token that powers Badger DAO, a decentralized autonomous organization (DAO) focused on bringing Bitcoin into the decentralized finance (DeFi) ecosystem on Ethereum and other blockchains. BADGER is primarily used to govern the direction of Badger DAO and its products.

What Is BadgerDAO (BADGER)?

Trading under BADGER, the BadgerDAO is a decentralized autonomous organization (DAO) that is focused on bringing Bitcoin (BTC) into the decentralized finance (DeFi) ecosystem and other blockchains. According to the official website, BadgerDAO is essentially a yield earning platform where traders can deposit their Bitcoins into the platform to earn interest. Yield farming is a process of stakingcryptocurrency to earn interest as passive income.

As per the whitepaper, one of the problems of Bitcoin is that the currency doesn’t support the smart contract features of Ethereum. Moreover, the infrastructure of products and protocols for enabling Bitcoin on other blockchains is very limited. This limits the usage of Bitcoin in the space of decentralized finance. This means Bitcoin users cannot earn a yield on their BTC tokens. Also, this makes it difficult for users of both platforms to trade with each other. To address this problem, BadgerDAO was formed to allow Bitcoin to have smart contract features and accelerate trade on other blockchains. The BadgerDAO aims to build the products and infrastructure to accelerate the potential of BTC in DeFi. 

Running on Ethereum, BadgerDAO has launched products to achieve its goals. The first product is Sett Vaults. Sett Vaults allow users to earn a yield on their Bitcoins. The second product launched by the platform is Digg. Digg is the software that manages the DIGG token, which is a cryptocurrency pegged to the dollar price of Bitcoin. And lastly, Badger Bridge is the product that allows users to swap their Bitcoins to function on the Ethereum blockchain.

$BADGER is the native token of the platform and is the platform’s cryptocurrency. As the platform works as a DAO, the tokens find their primary utility as the governance token. This means the token holders can vote on the improvement proposals set forth by the community. The more tokens a user holds, the more voting power they get. 

History of BadgerDAO

Launched in 2020, the platform was cofounded by Chris Spadafora, Ameer Rosic, Albert Castellana, and Albert Cevallos. The team collaborated with dOrg for the development of the platform.

The BadgerDAO platform had a fair launch, i.e., all the launched tokens were fairly distributed to all the participants to give equal opportunity and benefit.

How Many BADGER Tokens Are There?

The maximum supply of BadgerDAO tokens mirrors that of Bitcoin, i.e., 21 million. This means that after mining the full supply, no further tokens can be mined.

How to Purchase BadgerDAO Tokens

You have a lot of options when it comes to BadgerDAO, including Coinbase. You can buy BadgerDAO on Coinbase.com or Coinbase app, anywhere Coinbase is available. 

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FAQ

What is the current price of Badger DAO?

The price of 1 Badger DAO currently costs $2.61.

What is the market cap of Badger DAO?

The current market cap of Badger DAO is $44.10M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Badger DAO?

The all-time high of Badger DAO is $89.50. This all-time high is highest price paid for Badger DAO since it was launched.

What is the 24 hour trading volume of Badger DAO?

Over the last 24 hours, the trading volume of Badger DAO is $7.19M.

What other assets are similar to Badger DAO?

Assets that have a similar market cap to Badger DAO include Aavegotchi, Toko Token, ONUS, and many others. To see a full list, see our comparable market cap assets.

How many Badger DAO are there?

The current circulating supply of Badger DAO is 17 million.

What is the typical holding time of Badger DAO?

The median time that Coinbase customers hold Badger DAO before selling it or sending it to another account or address is 6 days.

What is the relative popularity of Badger DAO?

Badger DAO ranks 130 among tradable assets on Coinbase. Popularity is currently based on relative market cap.