Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Badger DAO, and is trustworthy!
You can find our top 3 exchanges for buying Badger DAO here, alternatively you can also check our comparison of the best crypto exchanges in Australia if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Badger DAO
And of course, the final step is to find Badger DAO on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Badger DAO (BADGER)
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How to Sell Badger DAO
- Sign into the exchange
- Find where you stored your Badger DAO, either on a hardware wallet or on the exchange.
- Transfer your Badger DAO to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Badger DAO.
Considerations when looking to buy Badger DAO.
Badger DAO, an open-source and decentralized automated company, is focused on building products and infrastructure to simplify the use of Bitcoin (BTC), as collateral across multiple smart contract platforms.
Badge Builders are the platform's developers. They can collaborate to implement Bitcoin as collateral for as many blockchains and have access to the platform as a shared space. Developers can receive a portion of the fees and BADGER tokens that are generated by the mining pool. On December 3, 2020, the mainnet was launched.
One builder, several developers or even a whole company can all be considered a builder. Participation requirements are not set and everyone can create. Badger DAO's pillars are the Badger Builders, community-created products and the Dedicated Badger Opera team. The initial distribution of BADGER tokens to governance is quite minimal.
Badger DAO offers two main products: Sett, and DIGG. Badger DAO (Decentralized Asset Organization) is a community-driven initiative. Token holders must approve any product before it can be developed.
Sett, a Decentralized Finance (DeFi) Aggregator, offers flash loans mitigation measures that are focused on tokenized BTC. It uses five strategies. A user can earn a return if they make a deposit. The smart contract of the protocol does the work.
To encourage this participation, farmers who deposit tokenized BTC to the Sett vault earn BADGER AND DIGG. An additional 4.5% is taken from the profits to pay gas and transaction costs.
DIGG is a non custodial, synthetic Bitcoin on Ethereum's Blockchain. It is pegged at the price of BTC and has a flexible supply as well as a rebase function. Its primary goal is to eliminate centralized third parties.