Bidao (BID)

BiDao is a new blockchain system that creates a trustless stablecoin and a new decentralized financial tool that allows leveraged trading in a trustless setup. Moreover, BiDao is a one-stop-shop for DeFi applications.

Whitepaper

Important By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Interest lvl

Medium

Updated: May 18, 2020

Learn more about our rating

User Rating

High

3.7/5 • 6 votes

Claim your project

Ticker

BID

FoundedGermany

Office addressBachweg 12 86879 Wiedergeltingen Germany

Ecosystems

BNB Chain

What is Bidao

What is BiDao?

BiDao is a new blockchain system that creates a trustless stablecoin and a new decentralized financial tool that allows leveraged trading in a trustless setup. Moreover, BiDao is a one-stop-shop for DeFi applications.

The Problem

At the moment there is no trustless stablecoin that is blockchainagnostic and allows different crypto assets as collaterals. The only similar system is MakerDAO, but MakerDAO is completely dependent on the Ethereum Blockchain and therefore not able to interact frictionless with other crypto assets. The decentralized finance (Defi) market is growing each day and users are looking for new tools that can be used in the new decentralized financial world.

The Solution

BiDao is building a new blockchain system that is dedicated to DeFi. In the beginning, BiDao will be completely integrated with the Binance Blockchain and BNB will be used as the collateral. In the future also other Blockchains will be integrated into the BiDao ecosystem. Our goal is to create a blockchain-agnostic ecosystem for Defi applications.

Fundraising

To finance the implementation and marketing of the BiDao platform a fundraise will be conducted. During fundraising, the BID Token will be sold. The BID Token is a BEP-2 compliant Token that is running on the Binance Blockchain.