What is Badger DAO Token?

You can also read this news on COINTURK NEWS: What is Badger DAO Token?

Badger DAO is an open-source, decentralized autonomous organization dedicated to creating products and infrastructure that simplify the use of Bitcoin (BTC) as collateral across multiple smart contract platforms.

What is Badger DAO (BADGER)?

The platform is a shared space where developers, known as Badge Builders, collaborate and apply their skills to use Bitcoin as collateral on as many blockchains as possible. A developer can earn a percentage of fees and BADGER tokens from the developer mining pool for each application. The main network was launched on December 3, 2020.

A creator can be a single developer, a group of developers, or even a company. There are no fixed commitments for participation requirements, and everyone is welcome to participate. Among the foundations of Badger DAO are Badger Builders, community-created products, the Dedicated Badger Operations team, a significant initial distribution of BADGER tokens for governance, and the fact that all code is open source.

Badger DAO has two main products, Sett and DIGG. Badger DAO is a community-focused project, and therefore, any product must first be guided, voted on, and approved by token holders before being developed.

Sett is a decentralized finance (DeFi) resource with flash loan mitigation measures focusing on tokenized BTC through five strategies. When a user deposits money, they can earn a return as the protocol’s smart contract does the work.

To encourage participation, farmers depositing tokenized BTC into the Sett vault earn BADGER and DIGG. A fee of 0.5% is charged to cover gas fees and transaction costs, along with an additional 4.5% cut from the profit.

DIGG is an unregulated synthetic Bitcoin on Ethereum’s blockchain, pegged to the BTC price, with a flexible supply and rebase functionality. Its main goal is to eliminate central third parties.

Additionally, Badger DAO successfully passed its first smart contract audit by the Zokyo audit team without critical issues. Badger DAO also established a security advisory committee consisting of white-hat hackers to regularly review the project’s ecosystem.

BADGER Coin Review

Looking at the comments of investors and analysts, it seems that the Badger DAO project is well-received. However, as it is currently a low-volume coin, investors appear cautious against pump and dump schemes.

How to Buy Badger DAO Coin?

Badger DAO Coin can be purchased quickly and securely through Binance, the world’s largest cryptocurrency trading platform by trading volume.

To buy Badger DAO Coin, one must first register with Binance and then send fiat currency. After sending a fiat currency like dollars, the purchase can be made in the Bitcoin (BTC), Tether (USDT), and BUSD BADGER trading pairs.

Additionally, on Binance, users can place an order to buy at a lower value than the market price. For this, use the Limit tab and simply enter the amount and price you want to buy.

The post first appeared on COINTURK NEWS: What is Badger DAO Token?