Badger DAO (BADGER)

Last updated: 09/06/2022

What is Badger DAO?

BADGER is the native governance token of BadgerDAO. It is an ERC-20 token with a fixed supply of 21 million. When the Badger supply reaches its limit, no additional Badger coins will be generated.

It is currently traded on Ethereum, Polygon, and Binance Smart Chain with support coming soon for Fantom.

Badger operates as a DAO (Decentralized autonomous organization). Anyone who holds its governance token has the ability to vote on proposals set forth by members of the community. The more BADGER a user owns, the more voting power they have, and proposals that accumulate enough votes from the community are put into effect on its platform.

Badger has integrated multiple DeFi (Decentralized Finance) products into its platform to help make bitcoin a usable asset across blockchains.

Team

Badger was founded by Chris Spadafora, Ameer Rosic, Albert Castellana, and Alberto Cevallos in September 2020. When building its DAO infrastructure, the Badger team collaborated with dOrg, a company that specializes in building DAO-related software.

How does BADGER bring value?

As with other cryptocurrencies, BADGER’s value is tied to both its utility and tokenomics within the Badger platform.

BADGER was originally founded as the governance token of the Badger DAO ecosystem and it has since expanded to provide more functionalities within the Badger ecosystem. These include voting rights, staking in its appropriated Sett Vault and rewards for providing liquidity in BADGER-WBTC pools.

SETTs

Also known as Sett Vaults, SETTs are pools of tokens where users can lock up their tokenized bitcoin and allow smart contracts to manage their holdings to generate a yield. In other words, SETTs are Badger’s version of an automated DeFi aggregator.

When you deposit into SETT, you will receive bTokens in return. For example, if users deposit BADGER in a Sett Vault, they would receive bBADGER in return. These bTokens are interest-bearing tokens that represent the user’s share of the assets in the SETT and can be used as collateral in various DeFi applications. Anyone that deposits in a SETT will receive yield paid out in the appropriate token (based on the parameters laid out in that specific SETT) along with BADGER tokens. BTokens can then be traded back for the original asset along with any earnings (minus a fee).

Where to store Badger DAO (BADGER)

You will need:

A Bitcoin wallet and some Bitcoin (the assets you plan to deposit in BadgerDAO).
An Ethereum wallet and some ETH (to pay transaction fees on Ethereum).
A hardware wallet such as a Ledger or Trezor (strongly recommended for security).
A Web3 browser extension like MetaMask (connects the Badger app to the Ethereum blockchain and lets you approve transactions).

Trust wallet is a wallet that can hold a wide variety of cryptocurrencies such as Badger DAO making it highly desirable for users who wish to have a varied portfolio.

Similarly, BADGER can also be stored in Atomic wallet which can be downloaded on to a preferred device such as a mobile phone or PC. Other than BADGER, Atomic supports a wide range of cryptocurrencies making it ideal for users looking to hold multiple coins.

Where to buy and sell Badger DAO (BADGER)

You can Buy & Sell Badger DAO (BADGER) here at BC Bitcoin. You can Buy Badger DAO by heading over to the Buy Coins page of our website. Badger DAO is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying Badger DAO has never been easier, simply place your order and provide your wallet address. Once your payment arrives, Badger DAO will be sent directly to your wallet.

If you choose to Sell Badger DAO (BADGER), you can send us the coins and receive a payment to your bank account. Details and a live valuation can be found on the Sell Coins page.

Badger DAO resources

Website: https://badger.com/

Block Explorer: https://etherscan.io/

Github: https://github.com/Badger-Finance

Twitter: https://twitter.com/BadgerDAO

Disclaimer: The information provided in this article is intended for informational purposes only. It is the reader's responsibility to complete their own research and due diligence.