Badger DAO is facilitating an airdrop that holds significant value. The project aims to integrate Bitcoin into the world of decentralized finance through an elastic supply token tied to the price of BTC and managed by the Badger DAO community. Unlike other elastic supply tokens, DIGG does not aim for stability; instead, it strives to maintain a peg to the current value of Bitcoin. The total supply of DIGG across all wallets is adjusted based on demand to ensure it reflects the price of Bitcoin. The value of DIGG is designed to mirror that of BTC, with positive rebases occurring when DIGG's price is above that of Bitcoin and negative rebases when it falls below. This rebase process is integral to the DIGG protocol and occurs daily. The DIGG token is available for trading on the 1INCH DEX, with Binance serving as a premier cryptocurrency exchange globally.
~$ 50,000 in total
Est. value
Ethereum
Chain
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Claim time
About Badger DAO
Distribute approximately $50,000 worth of DIGG tokens to Badger App users, connecting Bitcoin to DeFi using an elastic supply cryptocurrency tied to Bitcoin's price and governed by Badger DAO. Unlike other elastic supply cryptocurrencies, DIGG does not aim for stability but instead continuously adjusts to track Bitcoin's value. Total supply across all wallets fluctuates based on demand to maintain the pegged price of Bitcoin. The price of DIGG is designed to mirror BTC, with positive rebases boosting balances when the price is above Bitcoin's value for the day, and negative rebases decreasing balances when below. This process occurs daily and is inherent in the DIGG protocol. DIGG token is available on 1INCH DEX.
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Disclaimer: This content is for educational and informational purposes only and does not constitute financial advice. Conduct thorough research before making any deposit/investment decisions (DYOR).
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