Badger Crypto: Worthy Investment Or Risky Business?

Badger DAO is a decentralised autonomous organisation that aims to make Bitcoin easily usable as collateral in the DeFi smart contract space. It is an open-source and decentralised project that was launched in December 2020. The platform is entirely in the hands of users, who can vote and develop changes to the system. Developers are called Badger Builders and they collaborate to implement Bitcoin as collateral across many blockchains. The Badger DAO treasury provides funding for new projects, and the BADGER token can be used to incentivise new users. The BADGER token has no monetary value and is meant strictly for governance purposes. The price of the BADGER token has increased by 6.20% in the last 24 hours.

Badger DAO's unique selling point

Badger DAO is a decentralised autonomous organisation (DAO) that is dedicated to building products and infrastructure to simplify using Bitcoin as collateral across many smart contract platforms. It is the first DeFi project to focus on BTC as the main reserve asset rather than using ETH.

The platform is a shared space where developers, known as Badger Builders, can collaborate and implement Bitcoin as collateral to as many blockchains as possible. The Badger Builders are rewarded with a percentage of the fees and a BADGER token.

The Badger DAO has five main pillars: the Badger Builders, the community-created products, the Badger Operations team, the fair initial distribution of the BADGER tokens used for governance, and the fact that all of the code is open-sourced.

The two main products offered by Badger are Sett and DIGG. Sett is a decentralised finance (DeFi) aggregator with flash loan mitigation measures focused on tokenised BTC. DIGG is a non-custodial synthetic Bitcoin on Ethereum's blockchain, pegged to the price of BTC with a flexible supply and a re-base function. Its main goal is to remove centralised third parties.

The pros and cons of investing in BADGER

Pros

• Badger DAO is an open-source and decentralised platform that allows users to use Bitcoin as collateral across many smart contract platforms. This is a unique feature as most projects use wrapped Bitcoin.
• The platform is entirely in the hands of users, who can vote and develop changes to the system.
• The Badger DAO team is transparent and publicly known. They hold 10% of the token supply to maintain a connection with the project.
• The Badger DAO has a solid founders team. 10% of all BADGER mined goes to them.
• The Badger DAO has passed the initial audit of its smart contracts by the Zokyo audit team with no critical issues found.
• The BADGER token can be used for staking in the Sett vault and liquidity provision.
• The BADGER token has been audited by third parties such as Zokyo to ensure their security.
• The Badger DAO treasury provides funding for new projects, and the BADGER token can be used to incentivise new users.
• Badger DAO has a large and active community, with over 7100 members on Telegram and around 14,000 on Discord.
• Badger DAO is listed on a lot of significant exchanges, including Binance, BTCC, OKX, BYDFi, and DigiFinex.

Cons

• Badger DAO's product offering is very similar to its main competitor, Yearn Finance.
• It is unclear how high yields will be sustainable in the long term. There are doubts that Badger DAO will maintain such high yields in the next 1 to 2 years.
• Badger DAO has no significant critical advantage over its competitors.
• The platform is quite new, so it is difficult to know how it will perform in the long term.
• The BADGER token has no intrinsic value.

How to buy BADGER tokens

Badger DAO (BADGER) is an open-source, decentralised automated organisation that simplifies the use of Bitcoin (BTC) as collateral across various smart contract platforms. The platform is a shared space where developers, known as Badge Builders, can collaborate to integrate Bitcoin as collateral into as many blockchains as possible.

If you want to buy BADGER tokens, you can do so on several exchanges, including:

• Binance
• BTCC
• OKX
• BYDFi
• DigiFinex
• LBank
• Bitunix

For example, on LBank, the most active trading pair is BADGER/USDT, with a trading volume of $2,147,501.12 in the last 24 hours.

It is important to note that the information provided here is not investment advice. Please do your own research and consult a financial advisor before making any investment decisions.

The future of Badger DAO

Badger DAO (BADGER) is a decentralised autonomous organisation (DAO) that operates on the Ethereum blockchain. It is a community-driven project, with a unique combination of decentralisation, community governance, and innovative technology. The platform is a shared space where developers, known as Badge Builders, can collaborate and implement Bitcoin as collateral across multiple blockchains.

Community Governance:

BADGER token holders have the power to participate in governance decisions and vote on proposals related to funds, project direction, and ecosystem growth. This level of community involvement ensures that the project remains aligned with the interests of its users and encourages active participation in its development.

Decentralisation:

As a DAO, Badger DAO prioritises decentralisation, allowing decisions to be made by the community rather than central parties. This distributed decision-making process contributes to the overall transparency and fairness of the platform.

Innovative Technology:

Badger DAO leverages the latest blockchain and DeFi technologies, creating a self-governing and decentralised financial ecosystem. By utilising smart contracts and an oracle system, Badger DAO provides a secure and reliable platform for its users.

Integration of DeFi Applications:

Badger DAO serves as crucial infrastructure for the development of DeFi applications, making it an essential part of the DeFi space. This integration allows Badger DAO to offer its users a wide range of decentralised financial services and opportunities.

Badger Developer Ecosystem:

The platform enables developers to build and deploy their DeFi applications on the Badger infrastructure. This not only fosters innovation but also attracts talented developers to the Badger DAO community, contributing to its long-term growth and sustainability.

Benefits for Users:

Badger DAO offers several advantages to its users, including decentralised governance, robust security, and low transaction costs. These benefits enhance the user experience and encourage adoption of the platform.

However, it is important to consider some potential challenges and drawbacks. Badger DAO, being an early-stage technology, may face growing pains and competition from larger players in the market. Additionally, high price volatility could impact the stability of the BADGER token.

Overall, the future of Badger DAO appears bright, with a strong foundation in community governance, decentralisation, and innovative technology. The continued development of the platform, along with the integration of DeFi applications, positions Badger DAO as a significant player in the DeFi space.

The people behind Badger DAO

Badger DAO is a decentralized autonomous organization with a single purpose: to build the infrastructure and products that will accelerate the use of Bitcoin as collateral across other blockchains. It is a community-led initiative that aims to foster collaboration rather than competition in the DeFi ecosystem.

The founder of Badger DAO is Chris Spadafora, a long-term crypto enthusiast, investor, and partner at Angelrock, a company providing strategic consulting for long-term crypto holdings. Spadafora is joined by three other founding members: Ameer Rosic, Albert Castellana, and Alberto Cevallos.

Ameer Rosic is a serial entrepreneur and an integral part of the operations team at Badger DAO. He is also the founder of Blockgeeks.com and Dollarcake, a browser extension for monetizing social media networks.

Albert Castellana is the co-founder and CEO of Stakehound.com and serves as the product advisor for Badger DAO.

Alberto Cevallos is the technical advisor for the project. He also advises Travala and is the founder of Metl, a company creating the infrastructure for the internet of money.

The Badger DAO team is committed to a community-first approach, with shared ownership and decentralized governance at its core. The Badger Builders, a group of community members, collaborate with other developers to create new products within the Badger DAO ecosystem. Anyone can become a Badger Builder and contribute their skills to the open-source code and governance tokens. The Badger DAO community proposes new product ideas, provides feedback, and collaborates through platforms such as Discord and Telegram.

Frequently asked questions