BitDAO has launched its governance token BIT, raising 112,000 Ethereum ($365 million) from 9,200 participants in a Dutch auction that concluded today.
BIT, the governance token of BitDAO, was auctioned on the decentralized exchange SushiSwap’s token launchpad MISO. A total of 180 million BIT tokens were purchased with Ethereum, while 20 million tokens were purchased with SUSHI, the native token of SushiSwap.
The token’s currently trading for $1.83, according to data from CoinGecko.
As the name suggests, BitDAO is a decentralized autonomous organization, or DAO, which is the crypto industry’s version of a shareholder-controlled business structure. DAOs are non-hierarchical and run on a system of smart contracts (self-executing computer codes).
DAO decisions are made by the holders of governance tokens, which they can use to vote on various proposals; in the case of BitDAO, that’s the BIT token that launched today.
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Źródło: https://decrypt.co/78719/bitdao-raises-another-365-million-after-governance-token-launch
