Source: BITUSD Chart by TradingView
BitDAO is a decentralized autonomous organization that wants to level the playing field for every person in the world by building a decentralized token economy. This protocol is one of the world’s newest and largest decentralized autonomous organizations focused on DeFi, and is managed by holders of BIT tokens.
One of the initiative’s primary aims is to attract developer talent via token swaps and co-development efforts. The token swaps will enable the BitDAO treasury to accumulate a collection of the top crypto project tokens.
BitDAO’s vision is open finance and a decentralized tokenized economy. BitDAO hopes to support a broad range of projects including DeFi, DAOs, NFTs and gaming. Support will be in the form of research and development, liquidity bootstrapping and funding.
BitDAO suspects Alameda of dumping BIT tokens, asks for proof of funds
Alameda responded by transferring over 100 million BIT tokens from FTX to Alameda.
BitDAO allocates $633 million in funding for Innovative DAOs
BitDAO has announced an allocation of $633 million in funding for different projects across the blockchain ecosystem that will support blockchain gaming, infrastructure and education.
Matter Labs and BitDAO launch a $200 million DAO to bootstrap zkSync development
The proposal, dubbed the zkDAO, is set to help Ethereum scale for mainstream adoption.
Harvard, MIT, Oxford, others tap $2.5 billion BitDAO to aid blockchain education
Eight blockchain university groups aim to place “the power of targeted funding in the hands of a decentralized collective of students, faculty members, and alumni.”
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