BitDAO is one of the world's largest DAOs supported by Peter Thiel, Founders Fund, Pantera, Dragonfly, Spartan, Bybit, and more.
Bybit has pledged recurring contributions to the BitDAO treasury which at 2021 rates exceeds $1B per year.
BitDAO's vision is open finance and a decentralized tokenized economy. We hope to support a broad range of projects including DeFi, DAOs, NFTs and gaming. Support will be in the form of research and development, liquidity boot strapping, and funding.
BitDAO aims to:
1. Partner with projects via token swaps and co-development efforts. Token swaps will enable the BitDAO treasury to accumulate a collection of the top crypto project tokens.
2. Build core products which enable BitDAO and other DAOs to function more effectively. This includes on-chain and off-chain Governance solutions, and DAO Treasury Management solutions.
3. Provide grants to teams that produce research or products that are public goods for the crypto industry.
All treasury actions will be determined by BIT token holders via a proposal and voting process.