BitDAO is a new DAO supported by Peter Thiel, Founders Fund, Pantera, Dragonfly, Spartan, Bybit, etc.
BitDAO is owned and managed by BIT token holders and will only perform the following actions after successful proposals and votes:
Token swaps with existing and emerging projects.
Fund allocation to various strategies.
Liquidity support for partner projects.
Grants or milestone awards for development teams and R&D centers that build BitDAO products or support partner products.
Fund blockchain technology projects, educational programs or other blockchain public goods.
Updates to the BitDAO core protocol (including governance and treasury management functions).