what's BitDAO?
BitDAO is a decentralized autonomous organization (DAO) designed to create a more equitable decentralized token economy, empowering individuals worldwide through blockchain technology. It operates as a community-governed entity where BIT token holders propose and vote on initiatives, focusing on funding and supporting DeFi projects, infrastructure, and ecosystem growth. The DAO's treasury, built through token swaps and partnerships, allocates resources to innovative protocols, ensuring decentralized decision-making without central control. Technically, BitDAO leverages Ethereum-compatible smart contracts for governance, allowing seamless token staking, proposal submissions, and quadratic voting mechanisms to prevent whale dominance. It emphasizes long-term sustainability by partnering with emerging and established crypto projects, fostering a collaborative network that drives adoption and utility in the broader Web3 space.
BitDAO treasury disbursed 1.4M $MNT ($1.81M) to Mirana Ventures.
Hosted Mantle RWA Day at Consensus Hong Kong, featuring panels, masterclass sessions, and global hackathon winner announcement with HackQuest and OpenBuild.
Mirana Ventures receives 1.4M $MNT ($1.81M) from BitDAO treasury.
Token experiences surge in whale engagement, ranking among top 10 assets for large holder activity.
New address creation surges 175% in past week, indicating significant network expansion.