Details about Bidao cryptocurrency
€692
2,650,000,000
15.032
Unknown
263438x
€442.471
Bidao price charts
BID exchanges
Bidao, the crypto
The point
Bidao is a decentralized finance (DeFi) platform built on the Binance Smart Chain (BSC) that offers a stablecoin called BAI that is backed by a basket of cryptocurrencies held in its reserve. The platform also has its own native cryptocurrency called BID that is used for governance and utility purposes.
The problem
The main point of Bidao is to provide a decentralized stablecoin that is backed by a diversified basket of cryptocurrencies to create a more stable and reliable store of value in the DeFi ecosystem. The platform aims to bridge the gap between traditional finance and DeFi by offering a stablecoin that is pegged to the value of the US dollar, but with the added benefits of decentralization and transparency.
The problem
The main point of Bidao is to provide a decentralized stablecoin that is backed by a diversified basket of cryptocurrencies to create a more stable and reliable store of value in the DeFi ecosystem. The platform aims to bridge the gap between traditional finance and DeFi by offering a stablecoin that is pegged to the value of the US dollar, but with the added benefits of decentralization and transparency.
Compare BID and BTC performance
| Timeframe | BID | BTC |
|---|---|---|
| 1h change | -0.0473951 % | 0.0834638 % |
| 24h change | 0.29 % | 1.21614 % |
| 7 day change | -2.28 % | -2.01941 % |
| 14 day change | 2.36 % | -0.42337 % |
| 30 day change | -1.88 % | -7.47377 % |
| 200 day change | 33.88 % | 136.799 % |
| Year change | 83.5 % | 124.441 % |