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boringdao  (BORING)

BoringDAO (BORING)

$0.048806289564 15.8%
0.00000135 BTC 17.4%
0.00002164 ETH 15.8%
83 people like this
Market Cap
?
24 Hour Trading Vol
$659,179
24h Low / 24h High
$0.040276588866 / $0.048294149757
Circulating Supply
? / 135,247,953
Total Value Locked (TVL)
$53,106,519
Market Cap / TVL Ratio
0.0

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83% 17%
1h
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BoringDAO Price and Market Stats

BoringDAO Price
BORING Price $0.048294149757
Market Cap ?
Market Cap Dominance 0.00%
Trading Volume $650,495
Volume / Market Cap
24h Low / 24h High $0.040276588866 / $0.048178467266
7d Low / 7d High $0.043214115355 / $0.043214115355
Market Cap Rank N/A
All-Time High $0.048178467266 0.2%
Jun 19, 2021 (30 minutes)
All-Time Low $0.040276588866 19.9%
Jun 18, 2021 (about 20 hours)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
1 BORING/ETH 0xbc19712feb3a26080ebf6f2f7849b417fdd792ca
$0.05
0.0000217760059653 ETH
0.6% $16,175 $16,126
$154,159
3137692.692 0XBC1
23.68% Recently
2 BORING/WBNB Info 0xffeecbf8d7267757c2dc3d13d730e97e15bfdf7f
$0.05
0.0001420073399188 WBNB
0.6% $21,402 $21,338
$164,787
3408046.827 0XFFE
25.55% **about 1 hour ago Updated about 1 hour ago -
3 BORING/WBNB 0xffeecbf8d7267757c2dc3d13d730e97e15bfdf7f
$0.04
0.0001316598557518 WBNB
- - -
$6,976
156064.870 0XFFE
1.08% **about 1 hour ago Updated recently -
4 BORING/WBNB 0xffeecbf8d7267757c2dc3d13d730e97e15bfdf7f
$0.05
0.0001340217461916 WBNB
- - -
$617
13522.716 0XFFE
0.10% **about 5 hours ago Updated recently -
5 BORING/0X6... 0xffeecbf8d7267757c2dc3d13d730e97e15bfdf7f
* $0.05
0.035126750221043 0X67EE3CB086F8A16F34BEE3CA72FAD36F7DB929E2
- - -
$8
173.933 0XFFE
0.00% **about 7 hours ago Updated recently -
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

BoringDAO Coin Price & Market Data

BoringDAO price today is $0.048806289564 with a 24-hour trading volume of $659,179. BORING price is up 15.8% in the last 24 hours. It has a circulating supply of 0 BORING coins and a max supply of 135 Million. If you are looking to buy or sell BoringDAO, Uniswap (v3) is currently the most active exchange.

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 BOR tokens?

Currently, BOR 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 BOR tokens.

BOR 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 BOR 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 BOR 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 BOR -  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% BOR 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 BOR 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 BOR can be used to generate yield in BOR. 30% of the total supply of BOR would be distributed through the Boring Farm.

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