BoringDAO BTC Logo

BoringDAO BTC

BoringDAO BTC header image

1. Summary

Ranks

Liquidity
-
Developer
-
Social
74
Momentum (beta)
0
Stack Rank™
-
Price
$66,349.00 0.0%
Market Cap
$1.14M (#2747)
Supply
/
Price
52W High price $46,543.74
52W High date 5th Apr 2022 (2 years ago)
All Time High (ATH) Date 28th Jun 2024 (3 weeks ago)
All Time Low (ATL) Date 28th Jun 2024 (3 weeks ago)
Supply & Trading Volume
Trading Volume (24h) $711.00
Description

BoringDAO BTC

BoringDAO BTC

BoringDAO is a decentralized cross-chain service provider that allows for the easy transfer of Bitcoin and other cryptocurrencies between various blockchains, including Ethereum, Polygon, Avalanche, Fantom, OKC, and others. The native governance and utility token of BoringDAO is BORING (BOR). The platform enables the creation of permissionless tunnels by pledging BORING tokens, which determine the utilization rate and commission rates for minting and redemption.

Key Features

  • oPortal: A cross-chain solution for EVM-compatible blockchains, allowing cryptocurrencies to be directly mapped between different chains without intermediate assets.
  • Tunnels: Bi-directional decentralized bridges that facilitate the transfer of assets between blockchains.
  • Minting: Users can wrap non-ERC20 tokens (like Bitcoin) into ERC-20 oTokens, earning BORING tokens as rewards.
  • Yield Farming: Users can participate in farms using oTokens, BOR LP tokens, and tunnel pledge tokens to earn passive BORING rewards.
  • Governance: BORING token holders participate in decision-making for the project through voting on proposals, managing the treasury, and adjusting system parameters.

Token Information

  • Total Supply: 2 billion BORING tokens
  • Distribution: 30% for minting rewards, 30% for farming rewards, 19% for infrastructure development, 11% for early contributors, and 10% for core developers.

Project History

  • Launch: November 2020 with a $1.45 million funding round from several prominent blockchain investors
  • Key Members: Enki Yan, Henry Chen, Mike Meng, and other experienced individuals with backgrounds in Bitcoin mining and DeFi

Security and Insurance

  • Audits: Four security audits Conducted by firms like Certik and Peckshield
  • Insurance Pool: 50% of redemption commission saved for community-controlled insurance, ensuring asset safety and protection against Black Swan risks.
2. Price

2.1. Market Performance

How does BoringDAO BTC's () performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

%

-1.3%

Similar Market Cap

3. Developer Activity

We're monitoring 6 BoringDAO BTC GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All BoringDAO BTC Repos)

Commits vs. The Market

  • Past 4 weeks: 0 commits vs. an average of 1
  • Past 12 weeks: 0 commits vs. an average of 8
  • Past year: 0 commits vs. an average of 116

Most Active Repos

Past week 0
Past 12 weeks 14
Past year 35
Past week 0
Past 12 weeks 2
Past year 33
Past week 0
Past 12 weeks 0
Past year 30
Past week 4
Past 12 weeks 5
Past year 12
Past week 0
Past 12 weeks 0
Past year 8
Past week 7
Past 12 weeks 7
Past year 7

Top Developers 2024

In total, 10 developers have contributed to BoringDAO BTC over the past year. Who are the most active BoringDAO BTC developers, by commits, over the past year?

Related Projects

Developers working on BoringDAO BTC also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers
Active Reddit Users (past 24h)
Discord users 3,396
Active Discord Users 65
Telegram Users 2,822
Twitter followers 24,189
5. News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://www.boringdao.com/
Explorer https://etherscan.io/token/0x8064d9ae6cdf087b1bcd5...
Twitter @TheBoringDAO

What is the correct contract address for BoringDAO BTC?

Ethereum 0x8064d9ae6cdf087b1bcd5bdf3531bd5d8c537a68

Has BoringDAO BTC been audited for security?

No security audits found for this project.

Are you the owner of BoringDAO BTC? Edit it here

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