BORING

BoringDAO price

BORING
|
3.9/5
Certik
3.9
07/11/2024
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USD
USD
$0.0019944
+2.62%
1h
24h
1W
1M
1Y
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BoringDAO price live data

The current price of BoringDAO is $0.0019944. Since 00:00 UTC, BoringDAO has increased by +2.63%. It currently has a circulating supply of 1,564,512,375 BORING and a maximum supply of 2,000,000,000 BORING, giving it a fully diluted market cap of $3.12M. At present, BoringDAO holds the 298 position in market cap rankings. The BoringDAO/USD price is updated in real-time.

BoringDAO price performance in USD

Time periodChange amount%Chg
Today$0.000051035 +2.62%
7 days-$0.00009 -4.40%
30 days-$0.00152 -43.28%
3 months-$0.00096 -32.47%

BoringDAO market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.0019013
Last price $0.0019944
24h high$0.0020594
Heat index ranking
99
Market cap ranking
298
Market cap
$3.12M
Favorited rate
Percentage of users who favorited this asset to all users
0.73%
All-time high
$0.13900
-98.57% (-$0.13701)
Nov 25, 2021 (3 years ago)
All-time low
$0.0015920
+25.27% ($0.00040236)
Oct 9, 2023 (9 months ago)
ICO date
05/25/2021
ICO price
The price at which this crypto was first traded
$0
Circulating supply
The amount of this crypto that is publicly available in the market
1,564,512,375 BORING
Market cap at circulating supply
Market cap = Circulating supply × Last price
$3.99M
Audits
The audit data comes from partners that we have integrated with via API. Our partners conduct security assessments on the provided source code.
CertiK
Last audit: 02/19/2022

About BoringDAO (BORING)

BoringDAO is a cross-chain service provider allowing you to move Bitcoin (BTC) and other cryptocurrencies between blockchains easily and within minutes. This is enabled by their secure bi-directional decentralized bridges, called tunnels. BORING is the name and ticker symbol of BoringDAO's native governance and utility token.

BoringDAO creates an exclusive minting tunnel for non-ERC-20 tokens to be wrapped into BoringDAO's native ERC-20 tokens, oTokens. These oTokens are a Layer 2 solution for BTC and other non-smart contract blockchains.

In the BoringDAO ecosystem, you can be a minter, a tunnel operator, or a yield farmer to earn passive rewards:

  • You can mint oBTC using your BTC holdings to earn BORING rewards.
  • You can stake BORING to earn yield farming returns.
  • You can pledge BORING tokens in a tunnel to earn Pledge Providers (PP) tokens and fees from burning and minting. Similarly, you can pledge BORING tokens to initiate or activate a new asset tunnel.

BoringDAO is a DAO-governed project. You can participate in BoringDAO's governance process using BORING by creating a new BoringDAO Improvement Proposal (BIP) or voting on submitted proposals.

BoringDAO's governance involves voting for new asset multi-signers, deciding the system parameters (mining fee, rewards, or asset ratio), proposing yield farming pools, managing BoringDAO's treasury, and suggesting new asset tunnels. Furthermore, the BoringDAO project has been audited four times by blockchain security firms like Certik and Peckshield.

BORING price and tokenomics

BORING has a fixed maximum supply of 2 billion tokens. 30% of BORING tokens are rewarded to people participating in the minting process. Another 30% will be distributed as BORING farm rewards to farmers and liquidity providers. Of the remaining supply, 19% is reserved for infrastructure development, 11% is allocated to early contributors, and 10% to core developers. Tokens issued to early contributors and core developers will be unlocked in 12 and 24 months.

BoringDAO has made around $2 million in income for BORING holders, supported 15 blockchains, and facilitated at least 13,000 BTC transfers to and from Ethereum (ETH). Achieving these results in a short period has positively impacted BORING price charts.

About the founders

BoringDAO was officially launched in November 2020. The BoringDAO team has ten core team members, mainly based in Taipei, Beijing, Shanghai, and Cambridge. The core members include BTC miners and DeFi farmers.

Notable members of BoringDAO include SnapFingers founder Enki Yan, former G Labs incubation director Henry Chen, Cambridge engineer Mike Meng, Leo Gu, Dewei Liu, and Allen Ding.

BoringDAO raised $1.45 million in October 2020 from leading blockchain investors like DeFiance, Hashkey, SNZ, Youbi, Altonomy, Puzzle Ventures, and SnapFingers. Other investors include Nothing Research, Fundamental Labs, Bilian Technology, and Digital Renaissance.

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BORING FAQ

What is BORING?

BoringDAO is a DAO-governed cross-chain service provider that allows you to move Bitcoin and other cryptocurrencies between Ethereum, Polygon, Avalanche, Fantom, OKC, and many other Layer 1 and Layer 2 blockchains in a decentralized, secure, and hassle-free way. BORING is the name and ticker symbol of BoringDAO's native governance and utility token.

How does BORING work?

BoringDAO tunnels are permissionless. Anyone can open a new tunnel by pledging the required BORING tokens. Creating a BoringDAO tunnel includes pledging coefficient (k) and commission rate (m,n). The pledging coefficient determines the amount of collateral the wrapped asset is backed by, while the commission rate specifies the minting and redemption rates.

BoringDAO's oPortal serves as a cross-chain solution for EVM-compatible blockchains. oPortal's native bridge will directly map cryptocurrencies on Ethereum to another chain without intermediate assets.

Where can I buy BORING?

Easily buy BORING tokens on the OKX cryptocurrency platform. One available trading pair in the OKX spot trading terminal is BORING/USDT. You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), for BORING with zero fees and no price slippage by using OKX Convert.

How much is BoringDAO worth today?
Currently, one BoringDAO is worth $0.0019944. For answers and insight into BoringDAO's price action, you're in the right place. Explore the latest BoringDAO charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as BoringDAO, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as BoringDAO have been created as well.
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