BitDAO is a unique DAO project in the world.
DAO (Decentralized Autonomous Organization) is the Japanese term for an autonomous decentralized organization.
It is often compared to a Kabushiki Kaisha, and its advantage is that it is a highly transparent and fair organization.
While a stock company has management and hierarchy within the organization, a DAO has a manager, but conscious decisions are made by the participants of the DAO.
In addition, there is no hierarchy in the organization, and anyone can join under the condition that they abide by the rules within the DAO.
In the case of BitDAO, the decision on which projects to fund is made by the participating members of the DAO.
While there have been projects that have funded emerging DeFi projects, it is rare for an organization to operate as a DAO.
BitDAO issues its own token, the BIT.
BIT is an ERC-20 token built on the Ethereum platform with a total supply of 10 billion BITs.
Serving as a governance token, holders of BITs can participate in determining the recipients of BitDAO investments and the amount of capital to be invested.
They also receive a share of profits in proportion to the amount they hold.
If the investment is successful, the price of the BIT will increase, and thus a large return can be expected.
If you are interested in BitDAO because of its applications and potential, trade BITs and participate in governance.
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