BitDAO - logo
BitDAO
BIT
$0.83

Sector

DAO

Exchange Debut

2021-08-18

Market Cap

0

Maxim Supply

9,610,239,403

Circulating Supply

Circ. Supply(%)

BitDAO - logo

BitDAO

BIT

Price

$0.83

Market Cap

Sector

Exchange Debut

0
2021-08-18

Volume 24h

High 24h

Low 24h

51878
0.826475359797
0.799115777222

Change 24h

Change 7d

Change 30d

1.8201
-5.5427
-14.0022

Maxim supply

Circulating supply

Circulating supply(%)

9,610,239,403

The opinion of artificial intelligence (AI), based on the fundamental analysis of the BitDAO cryptocurrency:

The BitDAO project is a decentralized autonomous organization aiming to disrupt the financial landscape with a decentralized token economy. With a focus on DeFi, DAOs, NFTs, and gaming, BitDAO’s vision of open finance and decentralization makes it an ambitious endeavor. Yet, according to our fundamental analysis of the BitDAO cryptocurrency, it has achieved a modest overall score of 5.77 out of 10, indicating potential areas of improvement, particularly in the audit, security, and token economy areas.

SOCIAL & MASS MEDIA: Score 7.25 out of 10

BitDAO has done relatively well in attracting social media followers and showcasing robust community activity. Its presence in media has been adequate. However, the activity level of social media administrators and the size of communities on chat groups have room for growth. Effectively leveraging these platforms could provide a significant boost to the project’s visibility and adoption.

AUDIT & SECURITY: Score 4.35 out of 10

This is a crucial area where BitDAO falls short. Audit results did not meet optimal standards, affecting the overall score. Nevertheless, the project shines in the transparency of information available to the public, and it also has decent liquidity on exchange platforms. Improving audit outcomes and reinforcing security mechanisms could greatly enhance BitDAO’s standing in the crypto community.

TOKENOMICS: Score 3.75 out of 10

This criterion reveals another challenge for BitDAO. The project appears to be somewhat inflationary and the monetary mass is relatively centralized. These factors can limit the potential growth of the token and affect its long-term stability. These elements of the fundamental analysis of the BitDAO cryptocurrency should be considered carefully by potential investors.

ECOSYSTEM DEVELOPMENT: Score 6 out of 10

BitDAO demonstrates a decent performance in this area, with good prospects for achieving its objectives and a solid plan for bringing new developments to the project. Continued focus on ecosystem expansion and technology advancement is necessary to maintain and boost this score.

TEAM & DEVELOPERS: Score 1.5 out of 10

The experience level of the team and the number of software developers are substantial factors affecting the project’s ability to thrive in a competitive space. These scores indicate room for significant improvement, with the experience of the team and the number of developers being notable weak points.

PRODUCT & UTILITY: Score 7.4 out of 10

BitDAO shines here with the utility of the product and the role of tokens in the ecosystem scoring well. This indicates that the product has a practical value proposition and that the tokens play a significant role within the ecosystem.

PARTNERS & INVESTORS: Score 8.5 out of 10

The project has excelled in acquiring high-quality partners and capable investors, underscoring its potential for growth and its value proposition in the crypto industry.

Fundamental analysis of the BitDAO cryptocurrency – The final conclusion

Taking into account the fundamental analysis of the BitDAO cryptocurrency, this project has shown strength in its product utility, partnership quality, and investor base. However, it has critical areas that require significant improvements, particularly the team’s experience, security mechanisms, and the state of the token economy. Potential investors need to weigh these factors carefully. While BitDAO presents a unique value proposition in the DeFi space, the risk associated with its current weaknesses needs careful evaluation. As always, it is recommended to conduct thorough research before committing to any investment. The prospect for improvement is evident, and with the right adjustments, BitDAO could have a promising future in the decentralized finance landscape.

What is BitDAO?

Understanding BitDAO Cryptocurrency

BitDAO (BIT) is a prominent decentralized autonomous organization (DAO), aiming to create an egalitarian token economy. It focuses on Decentralized Finance (DeFi), driven by BIT token holders’ decisions. The organization’s fundamental strategy involves attracting developers via token swaps and co-development. This allows the BitDAO treasury to gather a range of top crypto project tokens.

Unique Aspects and Goals of BitDAO

BitDAO distinguishes itself through its strategy of partnering with various crypto projects via token swaps, thus collecting an assortment of top crypto tokens. Moreover, it strives to develop core products that enhance BitDAO and other DAOs’ functionality. These products encompass both on-chain and off-chain governance solutions, plus DAO treasury management systems. Additionally, BitDAO aims to support the crypto industry by offering grants to teams for research or product development.

Community Governance and Project Evolution

Fundamental analysis of the BitDAO cryptocurrency reveals a unique governance model. It operates without a traditional management team. Instead, contributors who hold BIT tokens propose changes and vote on them. These BIT holders help to shape the organization’s future and do not impose their decisions on other contributors. BitDAO, evolves with the participation of its community members, and this reflect the consensus among token holders and contributors.

Fundamental analysis of the BitDAO cryptocurrency

BitDAO - BIT performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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