BID

Bidao price 
BID

$0.001874  

6.77% (1d)

Bidao to USD Chart

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Bidao statistics
Market cap
 

0.00%

$0
#4403
Volume (24h)
 

190.54%

$18,815
#3794
Volume/Market cap (24h)
 
--
Circulating supply
 
0 BID
0.00%
Total supply
 
2,650,000,000 BID
Max. supply
 
2,650,000,000 BID
Fully diluted market cap
 
$4,965,325
BID to USD Converter
BID
USD
Price performance
24h 
Low
$0.001854
High
$0.002017
All-time high
Nov 16, 2021 (2 years ago)
$0.04826
-96.12%
All-time low
Sep 29, 2020 (3 years ago)
$0.00000451
+41445.62%
See historical data
Popularity
In watchlists5,738x
2874th / 8.8K
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Bidao news

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

About Bidao

What Is Bidao (BID)?

Bidao is a multi-chain decentralized finance (DeFi) platform and stablecoin. It is the first trustless stablecoin pegged to the U.S. dollar (USD) using the Binance Chain platform. One of the main features of Bidao is that it allows various different cryptocurrencies to be used as collateral for BID stablecoins — including TRON (TRX), Ontology (ONT) and Dash (DASH).

This new stablecoin solution introduced by Bidao is completely integrated with the Binance blockchain, helping it benefit from the speed, reliability and efficiency offered by the platform. Bidao aims to achieve greater transaction speed than traditional ERC-20 tokens as well as long-term scalability thanks to the ease with which Bidao sidechains can be deployed, and the efficiency of the smart contracts offered by Binance Chain. The goal is to incorporate other blockchains in the near future.

Using Binance Chain as the settlement layer has various benefits over other platforms like Ethereum, including dramatically faster settlement times and reduced fees. Bidao users will need BNB in addition to a supported collateral asset to generate BAI stablecoins. These stablecoins are pegged 1:1 with the US dollar.

Users must over-collateralize to borrow BAI tokens (the stablecoins of the BAI ecosystem), and the Bidao team implemented a stability mechanism that employs several techniques to ensure the stablecoin maintains its peg at 1 USD.

Who Are the Founders of Bidao (BID)?

What Makes Bidao (BID) Unique?

How Many Bidao (BID) Coins Are There in Circulation?

How Is the Bidao Network Secured?

Where Can You Buy Bidao (BID)?

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