Some in the crypto community are calling the Badger DAO project a sleeping giant.
What Is Badger DAO (BADGER)?
Badger DAO is a decentralized autonomous organization (DAO) dedicated to using Bitcoin (BTC) as collateral in many other blockchains. They are also a yield earning platform where traders can deposit their bitcoin to the platform so they can earn interest on it.
The platform can be accessed by developers which are known as Badge Builders, and they can earn a cut from the fees allocated to users and also BADGER tokens from the mining pool for every implementation. A Badge Builder can anyone with the essential technical skills, and there are no participation requirements.
The whole Badger DAO ecosystem includes the developers, dedicated operations team and community-created products. Plus, all the code is open-sourced.
$BADGER is the native token of the platform.
How Does Badger DAO Work?
Badger DAO has two products at their disposal: Sett and Digg.
The first one being Sett which allows users to earn interest (yield) on their bitcoins. And the second one Digg is a software which holds the DIGG token, and it’s important because it’s pegged to the dollar price of Bitcoin. Its main goal is to abolish centralized third parties.
They also managed to build Badge Bridge, which allows users to swap their bitcoins to function on the Ethereum blockchain.
The History Of Badger DAO
Chris Spadafora, Ameer Rosic, Albert Castellana, and Albert Cevallos founded the platform in 2020. The team collaborated with dOrg for the creation of the platform.
Is Badger DAO (BADGER) A Good Investment?
It’s just the beginning for BADGER in the market, and the team at Badger DAO has a long way to go. Between collaborations and innovations, Badger DAO can continue to grow in users and adoption, making it an attractive incentive to hold the coin for the long run.
As you can see on the graph below, the highest that BADGER has ever reached is $83.85 back in September 2021, and then a few months later it dropped and is now sitting below $5, which makes you wonder if BADGER will see another all time high in the future.
To stay up to date with the current BADGER price data, click here.
Should You Buy Badger DAO (BADGER)?
If you have done research on the team, vision, whitepaper and you are satisfied with what Badger DAO has accomplished so far, then potentially it could be a great investment for the long term. Perhaps invest small, and wait for market direction before buying more.
Cryptocurrencies can be risky, so invest wisely and be careful with your hard earned money. As a rule of thumb, never invest money you can’t afford to lose.
How Many Badger DAO (BADGER) Coins Are There in Circulation?
Badger DAO has a max supply of 21 million BADGER coins.
Where Can You Buy Badger DAO (BADGER) Coins?
If you would like to purchase some BADGER coins, below are a handful of cryptocurrency exchanges which list them.
- Huobi Global