What Is BiDao? BiDao is a new blockchain system that creates a trustless stablecoin and a new decentralized financial tool that allows leveraged trading in a trustless setup. Moreover, BiDao is a one-stop-shop for DeFi applications.
The Problem At the moment there is no trustless stablecoin that is blockchain-agnostic and allows different crypto assets as collaterals. The only similar system is MakerDAO, but MakerDAO is completely dependent on the Ethereum Blockchain and therefore not able to interact frictionless with other crypto assets. The decentralized finance (Defi) market is growing each day and users are looking for new tools that can be used in the new decentralized financial world.
The Solution BiDao is building a new blockchain system that is dedicated to DeFi. In the beginning, BiDao will be completely integrated with the Binance Blockchain and BNB will be used as the collateral. In the future also other Blockchains will be integrated into the BiDao ecosystem. Our goal is to create a blockchain-agnostic ecosystem for Defi applications.
Bidao become partners with Tron, Chainlink, Ontology, Binance and Qutum. Bidao Added new exchange option with Ripple, Monero and Litecoin.