BitDAO (BIT) Achieves Self Reported Market Cap of $1.20 Billion

BitDAO (BIT) traded down 4.2% against the dollar during the 24-hour period ending at 0:00 AM ET on October 24th. BitDAO has a market capitalization of $1.20 billion and $418,532.84 worth of BitDAO was traded on exchanges in the last day. One BitDAO token can now be bought for approximately $0.65 or 0.00000959 BTC on major exchanges. Over the last week, BitDAO has traded 3.7% lower against the dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 0% against the dollar and now trades at $0.0944 or 0.00000141 BTC.
• P2P Solutions foundation (P2PS) traded down 1.8% against the dollar and now trades at $161.82 or 0.00238836 BTC.

BitDAO Profile

BitDAO was first traded on August 16th, 2021. BitDAO’s total supply is 10,000,000,000 tokens and its circulating supply is 1,843,669,839 tokens. The official website for BitDAO is www.bitdao.io. BitDAO’s official Twitter account is @bitdao_official and its Facebook page is accessible here. The official message board for BitDAO is medium.com/bitdao. The Reddit community for BitDAO is https://reddit.com/r/BitDAO.

According to CryptoCompare, “BitDAO (BIT) is a Decentralized Autonomous Organization aimed at boosting the decentralized economy. It is collectively owned and managed by its community of BIT token holders, who propose and vote on various matters. BIT tokens are used for governance, enabling holders to submit proposals and vote on issues. They also foster development and adoption of BIT-enabled products. The BitDAO Treasury, using Safe, manages the organization’s assets. The BIT token, modelled on Compound Finance’s COMP token, supports delegated voting and off-chain vote aggregation, with plans for on-chain governance in the future.”

Buying and Selling BitDAO

It is usually not presently possible to buy alternative cryptocurrencies such as BitDAO directly using US dollars. Investors seeking to trade BitDAO should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy BitDAO using one of the aforementioned exchanges.

BIT/USD price chart by TradingView