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Rank #1064
BoringDAO Price (BORING)
BoringDAO (BORING)
$0.005927600268 -1.1%
0.00000031 BTC 0.7%
0.00000464 ETH 1.5%
1,941 people like this
$0.005883921779
24H Range
$0.006084365850
Market Cap $5,972,064
24 Hour Trading Vol $561,919
Fully Diluted Valuation $11,799,226
Total Value Locked (TVL) $3,474,756
Fully Diluted Valuation / TVL Ratio 3.4
Market Cap / TVL Ratio 1.72
Circulating Supply 1,012,280,605
Total Supply 1,012,280,605
Max Supply 2,000,000,000
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BoringDAO Price Chart (BORING/USD)

Last updated 11:25PM UTC. Currency in USD.

Live Chart
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1h
24h
7d
14d
30d
1y
0.3%
-1.1%
-7.4%
-19.9%
-29.0%
-37.6%

Convert BORING to USD

BORING
USD
USD

1 BORING = $0.005927600268

BORING Price Statistics

BoringDAO Price Today
BoringDAO Price $0.005930733776
24h Low / 24h High $0.005883921779 / $0.006084365850
7d Low / 7d High $0.005769555513 / $0.006405270775
Trading Volume $562,061
Market Cap Rank #1068
Market Cap $5,972,064
Market Cap Dominance 0.001%
Volume / Market Cap 0.0936
All-Time High $0.148861 -96.0%
Nov 23, 2021 (10 months)
All-Time Low $0.005719962224 3.7%
Sep 29, 2022 (3 days)

BORING Price Today

BoringDAO price today is $0.005927600268 with a 24-hour trading volume of $561,919. BORING price is down -1.1% in the last 24 hours. It has a circulating supply of 1 Billion BORING coins and a total supply of 1.01 Billion. If you are looking to buy or sell BoringDAO, BingX is currently the most active exchange.

What was the highest price for BoringDAO?

BoringDAO hit an all time high of $0.148861 on Nov 23, 2021 (10 months).

What was the lowest price for BoringDAO?

BoringDAO had an all time low of $0.005719962224 on Sep 29, 2022 (3 days).

What was the 24 hour trading volume of BoringDAO?

The 24 hour trading volume of BoringDAO is $561,919.

Where can BoringDAO be traded?

You can trade BoringDAO on BingX, Dodo (BSC), and BitMart. Popular trading pairs for BoringDAO in the market includes BORING/USD, BORING/CAD, BORING/AUD, BORING/GBP, BORING/INR, and BORING/PHP.

What is BoringDAO?

BoringDAO is a decentralized bridge that connects all blockchain assets onto a single platform.

Non-ERC20 tokens can be converted into ERC20-compatible bTokens for usage on DeFi applications on Ethereum.

BoringDAO aims to bring a higher level of security through a double pledge mechanism as well as to provide more incentives for participating users.





boringdao home page

 

What are BORING tokens?

Currently, BORING tokens are used to redeem the original assets used to mint the bTokens. Upon redemption of the original asset, a 0.2% redemption commission will be charged, and could only be paid using BORING tokens.

BORING can also be pledged to build a tunnel to support other crypto assets, where pledgers become partial owners of the tunnel to earn minting and burning fees.

How does BoringDAO work?

boringdao infrastructure

BoringDAO uses DAOs or “tunnels” to convert assets from other blockchains into the ERC-20 standard. The first tunnel would be made for Bitcoin, called oBTC. For each asset, an exclusive minting tunnel would be created in the form of a DAO, to allow for bi-directional conversion from the original asset into the ERC-20 version and vice versa.

To open a tunnel, users have to pledge at least 500 BORING tokens. Each blockchain asset can only have one existing tunnel. After a tunnel has been created, it will need to be activated by the BoringDAO community where tokens need to be pledged to meet the minimum deposit requirement for tunnel activation. The pledge requirement needs to be met within 48 hours after the initial tunnel creation. 

If the activation requirement is met, the tunnel would go live after a tunnel-creation countdown. Once the tunnel is activated, the tunnel creator’s pledge portion will directly be included in the pledge pool.

To further increase the safety of users’ funds, 50% of the tunnel’s redemption commission is placed into a locked insurance pool. The pool is community-owned and can only be used for claims settlement once a community proposal has been met and the referendum is completed. To know more about the mechanics of BoringDAO, you may refer to their documentation or whitepaper.

How do I get BORING tokens?

You can obtain APY tokens by purchasing them from decentralized exchanges such as Sushiswap or Uniswap

Additionally, there are two other ways of earning BORING -  mint mining and using the Boring Farm.

Through mint mining, users who mint bTokens will have to pay a 0.2% commission fee, but they will receive 0.4% BORING rewards based on the minted amount.

On the other hand, the Boring Farm allows users to pledge the bTokens that they have minted in order to farm even more BORING tokens. Pledgers will receive a Pledge Provider (PP) token which can also be staked to get more BOR. 

In general, bTokens, PP tokens and liquidity provider (LP) tokens for both bTokens and BORING can be used to generate yield in BORING. 30% of the total supply of BORING would be distributed through the Boring Farm.

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