Bringing Bitcoin to every other blockchain: Badger Dao (BADGER)
Badger DAO is an open-source, decentralized automated organization that is dedicated to building products and infrastructure of simplifying the use of Bitcoin (BTC) as collateral across many smart contract platforms.
Dao is a Decentralized and Autonomous Organization- a non-traditional structure organization. Dao is a community-run organization, the rules are basically hardwired in the code and the community can vote on certain proposals usually in the crypto space.
Source: Youtube
The platform is a shared space where the developers, known as Badge Builders, have the ability to collaborate and implement Bitcoin as collateral to as many blockchains as possible. A developer can earn a percentage of the fees and BADGER tokens from the developer mining pool for every implementation. The mainnet was launched on December 3, 2020.
A builder can be a single developer, a group of developers, or even a company. There are no fixed obligations to participation requirements, and anyone can create. The pillars of Badger DAO include the Badger Builders, the community-created products, the Dedicated Badger Operations team, the fairly initial distribution of the BADGER tokens for governance, and the fact that all of the code is open-sourced.
Badger DAO was created to solve the lack of interoperability between Bitcoin and newer networks. A lot has changed over the last 11 years regarding blockchain technology. Legacy systems like Bitcoin are not set up to support the latest DeFi services. As such, there is a large portion of cryptocurrency users who have not been able to gain access to any DeFi rewards.
Badger DAO seeks to change this using its unique approach. The protocol leverages BTC-pegged collateralized digital assets to enable HODLers to earn while they keep their coins safe. The ability to bridge Bitcoin into other blockchains has long been a desire of both users and developers
Another major issue that plagues the DeFi market is a lack of liquidity. As more DeFi networks go live, the number of users continues to grow, but also splinter. Since most of these protocols don’t communicate freely, their liquidity is trapped within the network.
Badger DAO provides networks with access to valuable liquidity. Every BTC that enters a DeFi network adds +$50,000 to the ecosystem. These funds improve the returns on liquidity pools and other DeFi services.
The Badger DAO seeks to put users in charge. DAOs replace the personal actions of corporations or organizations with smart contracts. They provide real transparency to projects. Users vote on all activities related to the direction of the platform. These votes can include changes to the platform’s fees, services, features, and more.
There are a million reasons why a Bitcoin investor would want to enter the DeFi sector. DeFi removes the centralized components from the financial equation such as banks and gatekeepers. As such, it provides a host of benefits to users. Primarily, DeFi shares the profits that were once regulated by the bank with community members.
The Badger Bridge protocol operates as a critical component of the Badger ecosystem. This system locks up Bitcoin and creates a pegged token that can enter into other DeFi networks. It also enables Bitcoiners to earn a yield for HODLing the network’s native utility token BADGER.
You can purchase Badger Dao in several main exchanges such as:
1. Binance Exchange - you can purchase Badger Dao (BADGER) using your mobile phone or desktop. You only need to follow the step as instructed. You can also receive a 25% discount on trading fees using Binance Coin (BNB). Use the link above for a bonus 10% discount
2. CoinBase - this is one of the most popular platforms because it is easy to use on your phone or tablet and is available in most countries. On CoinBase you will also find many of the top 100 coins. CoinBase will send email confirmations for another layer of security if you are using PC. CoinBase also can be login using your phone. When you join CoinBase you can get AUD 13.84 in free Bitcoin when you buy or sell AUD 138.41 or more, by using the above link.
3. FTX - Trade Bitcoin, Doge, and other cryptos with zero fees on FTX. Use referral referral code “24Boston” or use the link above and get a free coin when you trade $10 worth of coins
4. Kraken Trade Badger Dao and other cryptos and get 10% discount on trading fees.
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7. OKX, you can purchase cryptocurrencies using this link to sign up and get a 10% discount on trading fees.
8. Bitunix you can purchase cryptocurrencies using this link to sign up and get a 10% discount on trading fees.
9. For the Aussies: Coinstash is an Australian crypto exchange based in Brisbane. New users can get $10 free on signup using this link
10. After you purchase any cryptocurrencies, if you would like to store the coins in offline devices for safety, you can use Ledger
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