Exchange BoringDAO
If you're looking to swap BoringDAO, SwapSpace is your one-stop shop. We have some light reading for you — in case you'd like a refresher on what is BoringDAO, or some fresh information about BORING’s price movements. And, of course, we provide you with multiple BoringDAO exchange options so that you can choose the offer with the best rates and lowest BoringDAO fees, as well as other parameters that suit you.
BoringDAO price chart
Here you can see the current price of BoringDAO, as well as BoringDAO price history.
BoringDAO price stats
To help you make a decision about exchanging your BoringDAO, we gathered some cold hard numbers: BoringDAO price chart and other stats, such as BoringDAO market cap.
24H HIGH $0.0001228406772
MARKET CAP $210 539.09669437143
CIRCULATING SUPPLY 1 714 297 021.62474 BORING
24H LOW $0.00012252809167
BORING PRICE $0.000122813663
24H VOLUME $43 665.15141894084
What is BoringDAO?
BoringDAO is a decentralized, cross-chain service provider that enables seamless and secure transfers of crypto assets between various blockchains.
Up-to-date BoringDAO news
- BoringDAO secured a $1.45 million investment to enhance Bitcoin's integration into decentralized finance (DeFi).
- BoringDAO launched its platform, introducing bBTC to facilitate Bitcoin's participation in the Ethereum DeFi ecosystem.
- The BORING token was introduced, supporting core incentive mechanisms like minting and farming.
- BoringDAO announced partnerships with leading blockchain investors and partners to enhance its ecosystem.
- BoringDAO aimed to wrap all assets into the Ethereum ecosystem, building bridges that connect all blockchains.
Tokenomics of BORING
BORING is the governance and utility token of the BoringDAO ecosystem, built on the Ethereum blockchain. It serves multiple purposes, including governance participation, fee payments, and staking within the network. The token distribution is as follows:
- Core Developers: 10%
- Early Contributors: 11%
- Infrastructure: 19%
- BORING Farm: 30%
- Mint Mining: 30%
This distribution ensures that the token supports the platform's development, incentivizes participation, and maintains network security.
Key features of BoringDAO (BORING)
BoringDAO distinguishes itself in the crypto space through several unique features:
- Cross-Chain Compatibility: BoringDAO enables assets to move seamlessly between different blockchains, enhancing interoperability and liquidity.
- Decentralized Tunnels: The platform utilizes decentralized tunnels to securely wrap non-ERC20 assets into the Ethereum ecosystem, allowing broader participation in DeFi.
- Triple-Pledge Model: BoringDAO adopts a triple-pledge model, requiring collateral in BTC, BORING tokens, and other assets to ensure the security and stability of wrapped tokens.
- BORING Staking Mechanisms: Users can stake BORING tokens to earn rewards, participate in governance, and support the network's security and operations.
These features collectively enhance the utility, security, and accessibility of BoringDAO's services within the broader crypto ecosystem.
Use cases for BoringDAO (BORING)
- Cross-Chain Asset Transfers: Facilitating the movement of assets between different blockchains, enabling users to leverage various DeFi platforms.
- Yield Farming: Users can stake BORING tokens in partnership with platforms like SushiSwap and PancakeSwap to earn yield-farming rewards.
- Minting Wrapped Assets: Allowing users to mint wrapped versions of non-ERC20 assets, such as bBTC, to participate in the Ethereum DeFi ecosystem.
- Governance Participation: Enabling BORING token holders to participate in decision-making processes affecting the future development and direction of the platform.
The average fees on the BoringDAO Network
Users are charged a 0.2% fee when burning oBTC to redeem BTC.
The BORING token wallets
To securely store and manage BORING tokens, users can utilize the following wallets:
- MetaMask: A widely-used Ethereum wallet that supports ERC-20 tokens, including BORING.
- Trust Wallet: A mobile wallet offering support for various cryptocurrencies and tokens.
- Ledger Nano S/X: Hardware wallets providing secure offline storage for BORING tokens.
- MyEtherWallet (MEW): A web-based wallet allowing users to interact with the Ethereum blockchain and manage ERC-20 tokens.
- Coinbase Wallet: A user-friendly mobile wallet supporting a wide range of cryptocurrencies and tokens.
These wallets offer varying features and security measures, allowing users to choose the option that best fits their needs.
For those interested in acquiring or exchanging BORING tokens, SwapSpace offers a seamless platform to perform BoringDAO (BORING) swaps. With its user-friendly interface and competitive rates, SwapSpace simplifies the process of engaging with BORING tokens. Explore the BoringDAO (BORING) price chart, utilize the BoringDAO (BORING) converter, and stay updated with the latest BoringDAO (BORING) news on SwapSpace. Embark on your BoringDAO (BORING) exchange journey today and experience the benefits of this innovative cross-chain service provider.
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A simple way to exchange BoringDAO here at SwapSpace
Choose a pair
To help you make a decision about exchanging your BORING, we gathered some cold hard numbers: BORING price chart and other stats, such as BORING market cap.
Select the best rate
You choose the rate – we do the magic! Pick up the exchange service by the rate which meets your requirements. Make sure you are okay with the selected service network fee and privacy policy: some of them require you to pass the AML/KYC procedure.
Transfer funds
Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!
Receive your coins
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: support@swapspace.co.
Frequently asked questions
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