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Badger DAO

BADGER

GBP

Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

About Badger DAO

BADGER is an Ethereum token that powers Badger DAO, a decentralized autonomous organization (DAO) focused on bringing Bitcoin into the decentralized finance (DeFi) ecosystem on Ethereum and other blockchains. BADGER is primarily used to govern the direction of Badger DAO and its products.

Badger DAO (BADGER) is an open-source, decentralized automated organization that strives to simplify the use of Bitcoin (BTC) as collateral across various smart contract platforms. The platform serves as a collaborative space where developers, known as Badger Builders, can work together to integrate Bitcoin as collateral into as many blockchains as possible. Developers may receive a portion of the fees and BADGER tokens from the developer mining pool for each implementation. The mainnet was launched on December 3, 2020. The pillars of Badger DAO include the Badger Builders, community-created products, the Dedicated Badger Operations team, the initial distribution of the BADGER tokens for governance, and the open-source nature of all code.

Badger DAO operates through two main products: Sett and DIGG. Sett is a decentralized finance (DeFi) aggregator with flash loan mitigation measures, focusing on tokenized BTC through five strategies. Users can deposit their assets and may receive compensation as the protocol’s smart contract does the work. To incentivize participation, farmers that deposit tokenized BTC into the Sett vault are compensated with BADGER and DIGG. DIGG is a non-custodial synthetic Bitcoin on Ethereum’s blockchain that is pegged to the price of BTC with a flexible supply and a re-base function. Its main goal is to eliminate the need for centralized third parties.

Badger DAO aims to provide a platform where developers can collaborate to implement Bitcoin as collateral across multiple blockchains. This opens up potential use cases in the DeFi space, particularly for those interested in leveraging their Bitcoin holdings in new ways. The platform's products, Sett and DIGG, provide users the opportunity to receive compensation on their deposits and participate in a non-custodial synthetic Bitcoin system, respectively. These features strive to provide users with more flexibility and control over their digital assets.

Badger DAO was founded by Chris Spadafora, a long-term crypto enthusiast and partner at Angelrock. The mainnet was launched on December 3, 2020. Since its inception, Badger DAO has been a community-driven project, with all product developments requiring approval from token holders. As of March 2021, Badger DAO (BADGER) has a circulating supply of 7,339,511 tokens and a maximum supply of 21,000,000 BADGER. The network's security is maintained through regular reviews by a security advisory committee composed of white hat hackers, and the initial audit of its smart contracts by the Zokyo audit team found no critical issues.

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Market

United Kingdom Market stats

Market cap

£42.9M

Volume (24h)

£6.4M

Circulating supply

20.3M BADGER

Typical hold time

7 days

Popularity

#519

All time high

£69.06

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

+1.1%

Price change (1d)

+6.15%

Price change (1w)

-10.89%

Price change (2w)

-7.4%

Price change (1m)

-0.55%

Price change (1y)

+3.86%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Social

Some highlights about Badger DAO on social media

369 unique individuals are talking about Badger DAO and it is ranked #900 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Badger DAO has an average sentiment score of 3.4 out of 5. Finally, Badger DAO is becoming more newsworthy, with 0 news articles published about Badger DAO. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Badger DAO. There were 76.56% of tweets with bullish sentiment compared to 14.06% of tweets with a bearish sentiment about Badger DAO. 9.38% of tweets were neutral about Badger DAO. These sentiments are based on 64 tweets.

On Reddit, Badger DAO was mentioned in 39 Reddit posts and there were 71 comments about Badger DAO. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

369 people

Posts

27 posts

Dominance

0.02%

Volume rank

#900

Average Sentiment

3.4 out of 5

Twitter

Reddit

Posts

39

Comments

71

Post Score

150

Comment Score

161

Badger DAO is on the decline this week.

The price of Badger DAO has increased by 1.10% in the last hour and increased by 6.15% in the past 24 hours. Badger DAO’s price has also fallen by 10.89% in the past week. The current price is £2.13 per BADGER with a 24-hour trading volume of £6.45M. Currently, Badger DAO is valued at 96.92% below its all time high of £69.06. This all-time high was the highest price paid for Badger DAO since its launch.

The current circulating supply of Badger DAO is 20,291,081.961 BADGER which means that Badger DAO has as total market cap of 20,291,081.961.

FAQ

What is the current price of Badger DAO?

We update our Badger DAO to GBP currency in real-time. Get the live price of Badger DAO on Coinbase.

What is the market cap of Badger DAO?

The current market cap of Badger DAO is £42.85M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Badger DAO?

The all-time high of Badger DAO is £69.06. This all-time high is highest price paid for Badger DAO since it was launched.

What is the 24 hour trading volume of Badger DAO?

Over the last 24 hours, the trading volume of Badger DAO is £6.45M.

What other assets are similar to Badger DAO?

Assets that have a similar market cap to Badger DAO include VerusCoin, Wrapped NXM, StormX, and many others. To see a full list, see our comparable market cap assets.

How many Badger DAO are there?

The current circulating supply of Badger DAO is 20 million.

What is the typical holding time of Badger DAO?

The median time that Coinbase customers hold Badger DAO before selling it or sending it to another account or address is 7 days.

What is the relative popularity of Badger DAO?

Badger DAO ranks 165 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Badger DAO?

Currently, 63% of Coinbase users are buying Badger DAO. In other words, 63% of Coinbase customers have increased their net position in Badger DAO over the past 24 hours through trading.

Can I buy Badger DAO on Coinbase?

Yes, Badger DAO is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Badger DAO guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024