About Bao Finance (old)
Market Stats
Market Cap
$35,459.83
FDV
$475,752.40
Circulating Supply
73,369,322,028.124 BAO
Max Supply
984,370,975,063.917 BAO
Total Supply
984,370,975,063.917 BAO
Hold Time
No data
Performance
Popularity
No data
Dominance
0%
Volume (24H)
$14.24
-0.71%
All time high
$0.00000048
Additional info about Bao Finance (old)
Networks and details
The current price is $0.00000048 per BAO with a 24-hour trading volume of $14.24. Currently, Bao Finance (old) is valued at 0.19% below its all time high of $0.00000048. This all-time high was the highest price paid for Bao Finance (old) since its launch.
The current circulating supply of Bao Finance (old) is 73,369,322,028.124 BAO which means that Bao Finance (old) has as total market cap of $35,459.83.
Price history
Today | $0.00000048 | ↗ 1.52% |
1 Day | $0.00000048 | ↗ 1.52% |
1 Week | $0.00000054 | ↘ 10.31% |
1 Month | $0.00000062 | ↘ 22.62% |
1 Year | $0.000026 | ↘ 98.12% |
Market details
Performance against other markets | ↘ 98.2% |
Performance against BTC | ↘ 98.54% |
Performance against ETH | ↘ 96.56% |
Performance in the past year | ↘ 98.12% |
FAQ
Bao Financeis an open-source community-driven project that functions on L2 (layer 2) DeFi. Bao creates a multi-network suite of applications that provide services to DeFi users regardless of their preferred chains.The project has launched a franchise model of Bao Farms, BaoSwap, and Bao Synths deployed to multiple chains like xDai, Binance Smart Chain, and Polygon. xDai is an Ethereum based side-chain for fast, stable, and inexpensive transactions.
Users can create synthetic assets within BAO Finance using their LP tokens from other protocols. Synthetic assets are tokenized derivatives (an asset whose value is driven from the underlying asset or index) that mimic the value of another asset. LP tokens are the tokens that are issued to liquidity providers on a decentralized exchange (DEX) that runs on an automated market maker (AMM) protocol. They can then generate synthetic assets up to their collateral limit by burning a small fee in Bao tokens. Synthetic assets are systems that allow users to create 24/7 financial markets related to any value.
However, existing synthetic asset solutions have significant gaps. Systems like Synthetix require the collateral's bulk to be managed in their network token, making those assets idle (not used for other purposes). Further, the system overly centralizes risk to a single asset infrastructure that creates double-risk exposure. Bao Finance solves these issues by using existing assets from other protocols as collateral so that assets are optimized and not remain idle. By this, users don't need to decide between protocols. Further, there is a triple benefit as users get staking fees, asset exposure, and liquidity pool fees. Moreover, the BAO tokens are backed by a treasury insurance fund that contains more than 200 assets, minimizing the risk of single asset failure.
Other benefits of BAO Finance are:
BAO is run by Decentralized Autonomous Organisation (DAO). There are different galaxies like community galaxy, front-end galaxy, quality assurance galaxy, smart contract galaxy, etc., that may be temporary or permanent under the DAO structure of Bao Finance. A galaxy is a team of people serving the community with a common goal. Any change to the galaxy can be put forward by the proposal process through a governance vote. Then there are different roles assigned to guardians, the council of guardians, and contributors under the galaxy. Guardians and council of guardians are the senior members of a galaxy responsible for making sure that all galaxies coordinate their efforts according to the assigned goals. The council of guardians is composed of at least one member of each permanent galaxy. Contributors are members of a galaxy who are able to add value on a consistent basis. They will be given guidance from guardians wherever needed.
The project had a total supply of one trillion BAO tokens.
We update our Bao Finance (old) to USD currency in real-time. Get the live price of Bao Finance (old) on Coinbase.
The current market cap of Bao Finance (old) is $35.46K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Bao Finance (old) is $0.00000048. This all-time high is highest price paid for Bao Finance (old) since it was launched.
Over the last 24 hours, the trading volume of Bao Finance (old) is $14.24.
Assets that have a similar market cap to Bao Finance (old) include BNBDragon, Beyond Gaming, Loaded Lions, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Bao Finance (old) is 73 billion.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#2065
Contributors
56
Posts
606,284
% About Bao Finance (old)
0.016%
Hold times
0 days
X (Twitter)
8.45% bullish
Sentiment
3 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
56 unique individuals are talking about Bao Finance (old) and it is ranked #2,065 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Bao Finance (old) has an average sentiment score of 3 out of 5. Finally, Bao Finance (old) is becoming more newsworthy, with 0 news articles published about Bao Finance (old). This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about Bao Finance (old). There were 8.45% of tweets with bullish sentiment compared to 2.82% of tweets with a bearish sentiment about Bao Finance (old). 88.73% of tweets were neutral about Bao Finance (old). These sentiments are based on 72 tweets.
On Reddit, Bao Finance (old) was mentioned in 26 Reddit posts and there were 71 comments about Bao Finance (old). On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Bao Finance (old) calculator
1 Bao Finance (old) (BAO) to Canadian Dollar (CAD)
CA$0.00000069
1 Bao Finance (old) (BAO) to Real (BRL)
R$0.00000278
1 Bao Finance (old) (BAO) to Euro (EUR)
€0.00000044
Related assets
Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.