BaksDAO Blog – Telegram
BaksDAO Blog
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DeFi-platform: deposits, loaning and exchanging cryptocurrencies.

This is the official BaksDAO community.

Telegram Chat: https://news.1rj.ru/str/BaksDAO_INT_COMMUNITY

Official website: baksdao.com

For commercial proposals: @baksdao_qa
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👾 The five fundamental principles of the BaksDAO platform.

BaksDAO is not only a financial platform, but also a community that is mindful of the original goals of decentralization.

🟣 Economic feasibility.
BaksDAO's activities should be aimed at maximizing profits only in legal and ethical ways.

🟣 Sustainability.
It is crucial for us that the company's profit management takes into account the development of society and the preservation of the environment.

🟣 Financial inclusion.
The possibilities of the platform and its tools should be accessible to as many people as possible and its activities should be aimed at expanding its geographical presence and accessibility through education, promotion and performance assurance.

🟣 Decentralization.
The goal of the BaksDAO platform is to come to full decentralization. In achieving this goal, equal access and rights for all BDV voting token holders (BDV) must be ensured, to guarantee the long-term success of the Platform.

🟣 Security and assurance.
- All user funds hosted on the Platform must be protected from external and internal influences and manipulation. This is achieved by unchanging smart contract terms and open blockchain networks, as well as audits of smart contracts and IT infrastructure for vulnerabilities and continuous IT security throughout the platform's lifecycle.
- All funds released by the platform must be secured by crypto assets at all times.

Do you agree with this code of honor? Write your opinion in the comments 👇

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🟣 Madonna bought an NFT from the Bored Ape Yacht Club collection for $556,000.

Singer #Madonna from the Bored Ape Yacht Club (BAYC) collection. The token purchase for 180 #ETH (~$556,000) was made through the concierge service of infrastructure provider #MoonPay.

"I've finally joined the meta-universe. My very own monkey, thank you MoonPay. We all need protection from the jinx," the singer wrote.

On Thursday, MoonPay also transferred BAYC #1506 to an unknown address. After that, rapper Wiz Khalifa put the token on his Twitter avatar.

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🟣 What is a #DAO?

DAO (#decentralized autonomous organization) is a decentralized autonomous organization, which is managed by means of smart contracts.

This system is as transparent as possible, because all the rules are written in the code. The code, in turn, is publicly available - anyone can view it and even use it to develop their project.

Holders of DAO's native tokens vote on proposals designed to benefit the entire community. This creates a strong contrast to today's corporations, which are run by a closed circle of individuals.

🟣 How do DAOs work?

A DAO is a combination of rules and code. A set of rules attached to a control structure and embedded in code. This concept is implemented with smart contracts and provides a control mechanism.

To decide on any proposal, the community votes using native tokens.

🟣 Advantages of DAO?

No hierarchy.
In DAO, every stakeholder can participate in voting and decision making.

Transparency.
The history of decisions made is available to everyone.

Openness.
Almost everyone, who has access to the Internet, can become a DAO token holder and thus gain the right to make decisions.

The concept of DAO allows people to interact with each other to achieve a common goal without having to trust.

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☀️ What happened this week?

Every day of the BaksDAO project is eventful. Sometimes it's easy to miss news or an interesting event. Let's recap the week.

⚡️ Events:
— Recruitment for the Ambassador Program.
Canada's leading bank uses the Ripple network.
Madonna bought an NFT.

🧠 Helpful content:
What is a DAO?
The five fundamental principles of the BaksDAO platform.

🌏 BaksDAO in Media:
Publish0x. 3 Reasons Why 2022 Is A Good Year To Invest In Cryptocurrencies.

🟣 BaksDAO Int |Website|Platform|Telegram Blog|Telegram Chat|Twitter|Facebook|Reddit|Instagram|Linkedin|Discord|
🔥 The Vanuatu government has approved the creation of Satoshi Island. 🔥

Satoshi Island is a crypto-utopia project where citizens will be able to live in eco-friendly homes and ownership will be determined by having an NFT.

"The crypto industry has finally found a physical home," enthusiasts report.

An official document states: "The Vanuatu government welcomes the Satoshi Island project to our country. Vanuatu is looking for new ways to attract investment and people."

🚀 Meanwhile, the bitcoin price has surpassed the $47,000 level.

👇 Grow money with BaksDAO.Finance, take everything from life.

💳 Make a loan 💵 Deposit
🔥 Recruitment for the Ambassador Program until April 15. 🔥

BaksDAO is launching an Ambassador Program in which everyone can participate and win valuable prizes.

Who can participate?
We've made different levels so that everyone can participate.

How to participate?
1. Retweet the post.
2. Study the detailed requirements.

What will be the rewards?
- Project Merch.
- Discount on credits.
- Reward in project tokens monthly.
- A place on the Waitlist.

⚠️ ACCEPT APPLICATIONS UNTIL APRIL 15. ⚠️

The program will be updated periodically with new challenges.

👉 Ambassador Program
👉 Discord
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😎 Top news in the coming days.

🟣 #Visa has launched an educational program on how to create #NFTs.
Payments giant Visa has launched an educational program on how to grow a business with non-exchangeable tokens (NFTs).

🟣 #Web3 Wallet MetaMask developers have added support for Apple Pay.
The new version of #MetaMask mobile wallet (v4.3.1) has added support for Apple Pay and gasless transactions, as well as a dark theme.

🟣 #Opera browser added support for bitcoin, Polygon and Solana.
Norwegian company Opera added support for bitcoin, Solana, Polygon, Celo, Nervos Network, StarkEx, IXO and the Ronin sidechain to the browser.

🟣 #Messi signed a $20 million deal to promote fan tokens.
Legendary soccer player Lionel Messi has signed a three-year agreement to promote the Socios fan-token platform. The amount of the agreement was $20 million.

🟣 #Netflix has released «Trust No One: The Hunt for the Crypto King».
The story of QuadrigaCX's collapse and the unexpected death of its CEO became so famous that a documentary was made about it. It surfaced today on Netflix.

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☝️ Benefits of investing in cryptocurrency.

🟣 Low entry threshold.

You can start investing in cryptocurrency from any minimum amount. For example, on the BaksDAO platform, you can borrow as much as $50. The received BAKS tokens can be deposited and receive passive income.

🟣 Ease of use.

To buy cryptocurrency you don't need to contact intermediaries and pay for their services. It's enough to have a cryptocurrency wallet and choose the right platform. You don't need to go through a long registration process. At BaksDAO you can work completely anonymously.

🟣 Liquidity.

Cryptocurrency is easy to buy, but also easy to sell. So if you suddenly need cash, you can get it quickly and easily by selling your crypto assets.

🟣 No geographical attachment.

Cryptocurrency has no borders and is not controlled by any state. This means that cryptocurrency is the least susceptible to inflation and the influence of the political environment. No central bank can manipulate the rates of cryptocurrency assets.

💳 Make a loan 💵 Deposit
🤑 Meme contest! $5'000 PRIZE FUND 🤑

Contest dates: April 1 — April 30.

🏆 Prizes:
— 1 WINNER for the best MEME gets 15'000 BDV.
— Next TOP 1'500 winners get 1'000 BDV each.

What to do?
1. Make a meme and post it on Twitter with the tag @BaksDAO.
2. Repost the post.
3. Join the server in Discord.
4. Publish memes in the Memes channel.
5. Fill out the form.

⚠️ Extra (for the winners only) +500 BDV for each step from the list below:
1. Like the BaksDAO Facebook page.
2. Subscribe to the blog on Medium, clap your hands at the article.
3. On CoinMarketCap/CoinGecko, add BAKS Stablecoin to your favorites.

🔥 YOU CAN MAKE A LOT OF MEMES!

🕺1...2...3... GO!!!!!

⛔️ If you do not fulfill even 1 point of the prerequisites, you are automatically eliminated from the contest. ⛔️

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☀️ What happened this week?

Every day of the BaksDAO project is eventful. Sometimes it's easy to miss news or an interesting event. Let's recap the week.

⚡️ Events:
Meme contest! $5'000 PRIZE FUND.
Recruitment for the Ambassador Program until April 15.
The Vanuatu government has approved the creation of Satoshi Island.
Benefits of investing in cryptocurrency.
— Top news in the coming days.

🌏 BaksDAO in Media:
Cryptodaily. Loans As The Engine Of Development And Their Inner Workings.

🟣 BaksDAO Int |Website|Platform|Twitter|Facebook|Instagram|Linkedin|Discord|
🤭 Stablecoin USDN fell by 20%.

The main stablecoin of the Waves network Neutrino USD (USDN) lost about 20% of its value.

Waves CEO Alexander Ivanov states that investors Alameda Research and FTX borrowed $1 million worth of WAVES token on the Vires Finance platform and "shorted USDN".

And that's another reason to use the BAKS Algorithmic Stablecoin.

People who value security use BAKS Stablecoin.

BAKS issue.
Unlimited and depends only on deposits and collateral for loans blocked in smart contracts.

BAKS is the main currency of the platform.
BAKS is used to perform all basic transactions in BaksDAO. The token is deposited as collateral when applying for a loan. BAKS can also be deposited or exchanged for other popular cryptocurrencies - BTC/BNB/ETH/USDT. The list of available currencies for exchange will be expanded in the future.

💵 You can buy and exchange BAKS on BaksDAO platform and Coinsbit exchange.

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Coins 🆚 Tokens: what are the differences? 🤔
🚀 JPMorgan CEO Recognizes the Value of Blockchain and DeFi.

JPMorgan Investment Bank CEO Jamie Dimon acknowledged the value of blockchain technology and decentralized finance (DeFi) applications. He wrote this in a letter to company shareholders:

"Decentralized finance and blockchain are real. These are new technologies that can be used both privately and publicly, with or without the need for permission."

🤭 Recall that back in October 2021, Jamie Dimon called bitcoin useless.

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😎 Top news in the coming days.

🟣 A cryptocurrency equivalent of Wall Street's "Attack Bull" has been installed in Miami.

🟣 Sweden has completed Phase 2 testing of the digital krone.

🟣 Certik's valuation rose to $2 billion.

🟣 Report: DeFi sector partially recovered from global correction in March.

🟣 Financial Times learned of Meta's plans to issue its own digital tokens.

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⚠️ Voting on the BDV token! ⚠️

In connection with the Community's request, we are putting forward a package of additions/changes to the BDV governance token for consideration.

Main purpose:
Long-term development and growth, maintaining the stability and liquidity of the BDV token.

⚙️ The set of changes taken at this stage of the voting process:
1.
Adjustment of tokenomics in favour of full one-off issue of BDV, increasing the share of tokens allocated for project and community development, as well as reducing the share of token ownership by the team.
2. Definition of a minimum initial value of a BDV token when placed on IDO of at least USD 0.003 per BDV.
3. Migration of BDV token smart contract and replacement of existing BDV tokens with new ones.
4. IDO Timeline.
5. Development of additional features for the BDV token.

Important!
The measures taken will help optimise the financial model of the Baksdao.Finance platform, find additional revenue opportunities for BDV holders and contribute to the development of the project in the long term.

🎉 How will users benefit from the changes?
1.
Long-term and stable growth of the BDV token.
2. Increased funding to stimulate community interest.
3. Increase the minimum value of the BDV token by a factor of 10.
4. Owners of BDV tokens will be exchanged at an increasing ratio of 1:1.3.
5. Reduced interest rates on loans from 11% APR to 3% APR, subject to repayment of loans with BDV tokens (after giving a BDV token a value).
5.1 In order to promote the BDV token, the deposit rate is proposed to be 21% APR (after giving a BDV token a value).

🔄 How will I get new BDV tokens?
All wallets that have BDVs in their accounts will be sent new BDVs at a ratio of 1:1.3. Substitution must be carried out within 10 days of IDO.

📅 Voting deadlines: Apr 8, 2022, 3:56 PM - Apr 11, 2022, 3:56 PM.

🚨 Find out more information and vote here👇 https://snapshot.org/#/baksdao.eth/proposal/0xfb2ec4699b73f56d4a6503945f6ee638ec2d2f5859d79fc135334bba7d3c3cc6
Channel name was changed to «BaksDAO Blog»
☀️ What happened this week?

Every day of the BaksDAO project is eventful. Sometimes it's easy to miss news or an interesting event. Let's recap the week.

⚡️ Events:
Voting on the BDV token!
— BaksDAO was included in the top prospective projects of 2022
— Stablecoin USDN fell by 20%.
— JPMorgan CEO Recognizes the Value of Blockchain and DeFi.
Top news in the coming days.

🧠 Helpful content:
How to participate in IDO — a complete guide.

🟣 BaksDAO Int |Website|Platform|Twitter|Facebook|Instagram|Linkedin|Discord|
The voting for the BDV token has ended.

Voting results:
the majority of users voted to approve the proposals.

⚙️ Proposals that were accepted:
1.
Adjustment of tokenomics in favour of full one-off issue of BDV, increasing the share of tokens allocated for project and community development, as well as reducing the share of token ownership by the team.
2. Definition of a minimum initial value of a BDV token when placed on IDO of at least USD 0.003 per BDV.
3. Migration of BDV token smart contract and replacement of existing BDV tokens with new ones.
4. IDO Timeline.
5. Development of additional features for the BDV token.

🎉 How will users benefit from the changes?
1.
Long-term and stable growth of the BDV token.
2. Increased funding to stimulate community interest.
3. Increase the minimum value of the BDV token by a factor of 10.
4. Owners of BDV tokens will be exchanged at an increasing ratio of 1:1.3.
5. Reduced interest rates on loans from 11% APR to 3% APR, subject to repayment of loans with BDV tokens (after giving a BDV token a value).
5.1 In order to promote the BDV token, the deposit rate is proposed to be 21% APR (after giving a BDV token a value).

🔄 How will I get new BDV tokens?
All wallets that have BDVs in their accounts will be sent new BDVs at a ratio of 1:1.3. Substitution must be carried out within 10 days of IDO.

Plans for the implementation of the proposals made will be announced additionally.

View voting results 👉 HERE

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🎉 We will be adding five new languages.

Right now the BaksDAO team is adapting the site and platform for 5 new languages.

Soon 5 new languages will be available for users to use:

— Spanish.
— Portuguese.
— Turkish.
— Chinese.
— Indonesian.

👇 Follow the news on our social media.

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