What Is BitDAO (BIT)?
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.
Who Are the Founders of BitDAO?
BitDAO has no founders; the project is maintained by a group of contributors holding BIT tokens.
The protocol has no teams or companies behind it – as it is a DAO – meaning that various individuals can propose changes to be made to the BitDAO protocol and it is up to the BIT holders (contributors) to vote on whether to accept or reject these suggested proposals.
One of the largest DAOs, it is supported by Peter Thiel, Founders Fund, Pantera, Dragonfly, Spartan, Bybit and others.
Bybit is an early supporter of BitDAO and has pledged recurring contributions to the BitDAO treasury which at 2021 rates exceeds 1B dollars per year. See: https://www.bitdao.io/analytics/
BitDAO Price Prediction
If you’re looking for BitDAO price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of BitDAO (BIT) will go in the future? We will analyze the past prices of BitDAO (BIT) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2022 | $2.06 | $2.14 | $2.36 |
| 2023 | $3.09 | $3.20 | $3.55 |
| 2024 | $4.62 | $4.78 | $5.30 |
| 2025 | $7.06 | $7.29 | $8.06 |
| 2026 | $10.31 | $10.60 | $12.09 |
| 2027 | $15.12 | $15.55 | $17.60 |
| 2028 | $22.18 | $22.81 | $26.38 |
| 2029 | $33.98 | $35.12 | $38.82 |
| 2030 | $47.68 | $49.08 | $58.45 |
| 2031 | $67.98 | $69.94 | $82.13 |
BitDAO Overview
| Coin Name | BitDAO |
| Coin Symbol | BIT |
| USD Price | $ 1.50 |
| Marketcap | $ 878,055,315 |
| 24h Volume | $ 40,092,061 |
| Total Supply | 10,000,000,000 |
BitDAO (BIT) Price Prediction
At reconshell.com we predict future BitDAO price predictions/BIT forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of BitDAO. We do our best to collect maximum historical data for the BIT coin which include multiple parameters like past price, BitDAO marketcap, BitDAO volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
BitDAO Price Prediction 2022
According to our deep technical analysis on past price data of BIT, In 2022 the price of BitDAO is predicted to reach at a minimum level of $2.06. The BIT price can reach a maximum level of $2.36 with the average trading price of $2.14.
BitDAO Price Prediction 2023
The price of BitDAO is predicted to reach at a minimum level of $3.09 in 2023. The BitDAO price can reach a maximum level of $3.55 with the average price of $3.20 throughout 2023.
BIT Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of BitDAO is predicted to reach at a minimum level of $4.62. The BIT price can reach a maximum level of $5.30 with the average trading price of $4.78.
The price of 1 BitDAO is expected to reach at a minimum level of $7.06 in 2025. The BIT price can reach a maximum level of $8.06 with the average price of $7.29 throughout 2025.
BitDAO Price Prediction 2026
BitDAO price is forecast to reach a lowest possible level of $10.31 in 2026. As per our findings, the BIT price could reach a maximum possible level of $12.09 with the average forecast price of $10.60.
BitDAO Price Prediction 2027
According to our deep technical analysis on past price data of BIT, In 2027 the price of BitDAO is forecasted to be at around a minimum value of $15.12. The BitDAO price value can reach a maximum of $17.60 with the average trading value of $15.55 in USD.
BitDAO (BIT) Price Prediction 2028
The price of BitDAO is predicted to reach at a minimum value of $22.18 in 2028. The BitDAO price could reach a maximum value of $26.38 with the average trading price of $22.81 throughout 2028.
BitDAO Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of BitDAO is expected to reach at a minimum price value of $33.98. The BIT price can reach a maximum price value of $38.82 with the average value of $35.12.
BitDAO (BIT) Price Prediction 2030
The price of BitDAO is predicted to reach at a minimum value of $47.68 in 2030. The BitDAO price could reach a maximum value of $58.45 with the average trading price of $49.08 throughout 2030.
BitDAO Price Prediction 2031
BitDAO price is forecast to reach a lowest possible level of $67.98 in 2031. As per our findings, the BIT price could reach a maximum possible level of $82.13 with the average forecast price of $69.94.
What Makes BitDAO Unique?
BitDAO aims to partner with existing and emerging projects through token swaps. Token swaps will enable the BitDAO treasury allocation to gather a collection of top crypto tokens. The priority is spot and derivatives DEXes.
BitDAO aims to build core products that will help the functionality and effectiveness of BitDAO and other DAOs. The core product includes a set of on-chain and off-chain governance solutions and products, with the DAO’s treasury management able to deploy and monitor assets to earn yield. In addition, BitDAO aims to provide grants to teams in the crypto industry for research or products. All grants are voted on and are given for the public good of the crypto world.
Here are some of BitDAO’s goals:
- Partner with projects via token swaps and co-development efforts. Token swaps will enable the BitDAO treasury to accumulate a collection of the top crypto project tokens;
- Build core products which enable BitDAO and other DAOs to function more effectively. This includes on-chain and off-chain governance solutions, and DAO treasury management solutions;
- Provide grants to teams that produce research or products that are public goods for the crypto industry.
All treasury actions will be determined by BIT token holders via a proposal and voting process.
- BitDAO is not a company. It does not have a management team or employees.
- BitDAO is a collection of contributors. Contributors will hold BIT tokens and are motivated to make the project a success.
- Various individuals and teams will propose changes to the BitDAO protocol. It is up to BIT holders to vote to accept or reject these proposals.
- Holding BIT entitles you to submit and vote on proposals. It does not entitle you to impose your will upon other contributors.
- BitDAO will be an evolving project, and community leaders will emerge over time. Governance proposals and forum participation will affect the direction of the project.
- The vision and mission of BitDAO will be driven by token holders, contributors, and community leaders.
Find out more at
https://medium.com/bitdao/introducing-bitdao-464ebf80eb56
And
https://docs.bitdao.io/
How Many BitDAO (BIT) Coins Are There in Circulation?
As of now, there are no market statistics for BitDAO coins, as the trading has not yet begun. However, BitDAO aims at an initial distribution of 200,000,000 BIT.
The breakdown of the distribution will be as follows:
- Private Sale – 5% (10000000 $BIT)
- Launch Partner Rewards – 5% (10000000 $BIT)
- BitDO Treasury – 30% (600000000 $BIT)
- Partner (Bybit) Flexible – 15% (300000000 $BIT)
- Partner (Bybit) Locked – 45% (900000000 $BIT)
The distribution of the tokens has vesting for the private sale to be held on Oct. 15, 2021. The BitDAO treasury holds 30% of the total tokens, which are owned by the contributors (token holders) in proportion to the number of tokens they hold. The treasury tokens can be used for rewards, grants and swaps, and their usage is determined by the proposal and voting of the contributors.
Bybit – through the flexible and locked tokens – has the largest percentage of BIT tokens. These Bybit tokens can be used for R&D purposes. Bybit has pledged to make a significant contribution to the BitDAO treasury.
How Is the BitDAO Network Secured?
The BitDAO Platform uses SSL encryption to protect the personal data of users on the platform. BitDAO has also partnered with Amber, which is invested in cyber and crypto security and has industry-leading security infrastructure like Fireblocks and BitGo.
BitDAO is owned and governed by BIT token holders, with the following actions executed only after a successful proposal and vote:
- token swaps with existing and emerging projects.
- treasury allocation into various strategies.
- liquidity support for partner projects.
- grants or milestone rewards to development teams and R&D centers (to build BitDAO products, or support partner products).
- grants to blockchain technology projects, education programs, or other blockchain public goods.
- updates to BitDAO core protocols (including governance and treasury management functions).
When Will BitDAO Trading Begin?
BitDAO trading has begun as of Aug. 16.
Can BitDAO Hit $1?
As of Aug. 21, BitDAO is trading at over $1.