BaconDAO is a Decentralized Autonomous Organization (DAO) that brings collaborative learning and trading of cryptocurrencies into one place. A DAO  is an organization that developers create to automate decisions and transactions. The BaconDAO aims to build a vast and knowledgeable crypto community by harnessing its knowledge to help the community learn and earn profits from the digital currencies. BaconDAO also aims to become a full-stack NFT Incubator with an NFT launchpad and offer these services to its community. It seeks to use the funds from the revenue generated to the community. 

According to its whitepaper, BaconDAO offers a variety of features to solve the shortcomings of other digital currencies. Following are the problems and solutions: 

The BACON token is the native ERC-20 token of the BaconDAO ecosystem that works on the Ethereum blockchain. The BACON token is a membership-based governance token. The token owners can use it for trading in the BaconDAO ecosystem. A governance token is a token that empowers its owners to participate in the voting to shape the future of a protocol. BACON token holders can access discord channels for exclusive content, altcoin gems, private sales, and more. Token owners can also participate in voting, determine the future of BaconDAO and earn BACON coins. 

In tokenomics, the BaconDAO ecosystem has allocated the total token supply as follows:

Liquidity is the easy conversion of an asset into traditional currency without impacting the market price.

The total supply of BACON tokens is 200,000,000 BACON. The whitepaper was published on May 24, 2021. 

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