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Rank #1316
BoringDAO Price (BORING)
BoringDAO (BORING)
$0.002853800404 -0.7%
0.00000017 BTC -2.4%
0.00000235 ETH -4.3%
On 1,956 watchlists
$0.002832759886
24H Range
$0.002950781059
Market Cap $2,904,910
Market Cap / FDV 0.51
Market Cap / TVL Ratio 0.93
24 Hour Trading Vol $333,655
Fully Diluted Valuation $5,706,678
Total Value Locked (TVL) $3,129,550
Fully Diluted Valuation / TVL Ratio 1.82
Circulating Supply 1,018,073,751
Total Supply 1,018,073,751
Max Supply 2,000,000,000
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BoringDAO Price Chart (BORING/USD)

Last updated 10:35AM UTC. Currency in USD.
Live Chart
Need more data? Explore our API
1h
24h
7d
14d
30d
1y
-0.1%
-0.7%
-4.9%
-19.9%
-40.6%
-96.7%

BORING Price Today

BoringDAO price today is $0.002853800404 with a 24-hour trading volume of $333,655. BORING price is down -0.7% in the last 24 hours. It has a circulating supply of 1 Billion BORING coins and a total supply of 1.02 Billion. If you are looking to buy or sell BoringDAO, BingX 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 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.

Where can BoringDAO be traded?

You can trade BoringDAO on BingX, BitMart, and PancakeSwap (v2). Popular trading pairs for BoringDAO in the market includes BORING/USD, BORING/CAD, BORING/AUD, BORING/GBP, BORING/INR, and BORING/PHP.

What is the 24 hour trading volume of BoringDAO?

The 24 hour trading volume of BoringDAO is $333,655.

What is the highest price for BoringDAO?

The all-time high price of BoringDAO is $0.148861 on Nov 23, 2021 (about 1 year).

What is the lowest price for BoringDAO?

The all-time low price of BoringDAO is $0.002765800681 on Nov 28, 2022 (1 day).

Convert BORING to USD

BORING
USD
USD

1 BORING = $0.002853800404

BORING Price Statistics

BoringDAO Price $0.002853800404
24h Low / 24h High $0.002832759886 / $0.002950781059
7d Low / 7d High $0.002770650693 / $0.003264200297
Trading Volume $333,655
Market Cap Rank #1316
Market Cap $2,904,910
Market Cap Dominance 0%
Volume / Market Cap 0.1149
All-Time High $0.148861 -98.1%
Nov 23, 2021 (about 1 year)
All-Time Low $0.002765800681 3.1%
Nov 28, 2022 (1 day)

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