Bidao (BID)

$0.00073

-2.71%

Track Bidao (BID) with real-time charts and instant updates. Get a comprehensive view of the BID Token market, learn how to trade cryptocurrencies, and dive into the dynamic world of digital finance. Understand the various factors impacting BID’s price and benefit from extensive news coverage and detailed market analysis.

Bidao (BID) Price Real Time-Data

The current circulating supply is 0 BID, out of a maximum of 2.65B BID. Bidao (BID) to USD price is updated in real-time.

What is Bidao (BID)?

Bidao (BID) is a multi-chain decentralized finance (DeFi) platform and stablecoin. It operates on the Binance Chain and allows various cryptocurrencies like TRON, Ontology, and Dash to be used as collateral for generating BID stablecoins pegged to the US dollar.

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FAQ

Who are the founders of Bidao (BID)?

Bidao was co-founded by Bastian Aigner and Long Zhang in 2018. Aigner is an AI and IoT developer and co-founder of Crococoding, while Zhang studied applied and computational math at Duke University and is a research executive at the Duke Blockchain Lab.

How many Bidao (BID) are there?

Bidao has a total supply of 4 billion BID tokens. During the token sale in September 2020, at least 1.8 billion tokens were sold, raising $18 million. Unsold tokens from the sale are set to be burned.

What are the potential use cases for Bidao (BID)?

Bidao (BID) can be used for generating BAI stablecoins, which are pegged to the US dollar. BID tokens also serve as staking and governance tokens within the Bidao ecosystem. Users can "powerstake" BID tokens to earn staking rewards and participate in network governance.

What is the history of Bidao (BID)?

Bidao was launched in 2018 to create a blockchain-agnostic ecosystem for DeFi applications. It aims to provide a faster, low-cost alternative to Ethereum-based solutions. The BID token began trading in September 2020 after a successful token sale, with a flat inflation rate of 3% per year to distribute new tokens to stakers.