Hi It’s Unicorn 

Today I will talk about what is the potential of BitDAO!!

First, huge transaction volume from Bitget can support BitDAO fee.

One of the reasons why investors choose ButDAO is its future price has a greater potential for upward groth. Currently, BitDAO's cash flow is steadily supplied by Bybit. As the world's second largest futures trading platform, Bybit also has a huge trading volume. Bybit has promised to contribute 0.025% of its futures contract trading volume to BitDAO. Using the revenue from January to May this year as a reference, it is expected to exceed US$1 billion per year

Generally, the platform coin uses coin burn to raise the price of the currency, or attracts investors to use it with a discount on transaction fees.

For instance, Binance schedules quarterly BNB burns to permanently reduce the supply of BNB, in turn, increasing its value. Binance only uses 20% or less of profit to destroy BNB currently. BNB burned 390 million U.S. dollars in the first quarter. According to the calculation, only about 1.6 billion U.S. dollars were destroyed in a year. This shows that BitDAO's revenue is completely comparable to other platform coins.

 Second, the market value of BitDAO is expected to chase lagging behind. 

The current market value of BitDAO is about 1.3 billion, ranking 211, which lags behind the world's 3rd BNB with a market value of 103 billion and FTX 32th with a market value of 6.8 billion. Due to the amount of fully diluted cap is still a lot, BIT coin circulating in the market currently is only 6% of the total market value. The locked period will last as long as 12 to 24 months. Bybit locked about 45% of BitDAO. If we calculate the fully diluted market value, the total value is about 26 billion. BIT is still in a state of non-circulation now. If the demand in the market increases, it’s possible to increase the price.

 Third, BitDAO has a strong investor background. 

BitDAO is supported by Peter Thiel, Founders Fund, Pantera, Dragonfly, Spartan, Bybit etc. BitDAO also has many investors who are well-known in the traditional market, such as Alan Howard, Dragonfly Capital, Spartan Capital and Pantera Capital, etc. It means the market is very optimistic about the developing potential of BitDAO.

 Fourth, DAO decentralization concept, a new governance model with great potential. 

The DAO in BitDAO means Decentralized Autonomous Organization, which is similar to a blockchain. There is no position of the board of directors, and is fully controlled by the holders of BitDAO. All holders have rights to jointly determine the policies and decisions of organization's future, which will help organization's 's development and decentralization. In the future, as the circulation of BIT increases and the number of participants increases, the voting system and mode will become more and more mature.

Fifth, Bybit Exchange actively develops new functions and is willing to give feedback to BitDAO holders.

Bybit is developing different functions to attract customers, which means more profits Bybit earns and BitDAO will get more benefit. Bybit is developing its spot trading function, blockchain tools, market and user experience, plus its original futures trading market. These will improve insufficient part of platform. Bybit can also cooperate with BitDAO investment projects and list high-quality new coins on the spot trade. Introducing new functions, new trading pairs, Launchpool and Launchpad allow users who hold BIT to participate in the acativity of new coins, further increasing the demand for BIT. It can attract more new customers and retain existing customers to increase transaction volume, which means Bybit can contribute more handling fees to BitDAO and further increase the value of BitDAO. When BIT becomes more valuable, it will also give investors more incentives to buy and hold BIT. Therefore, the development of Bybit in the future is extremely beneficial to BitDAO.