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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🎉 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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📊 CoinGecko: Market pessimism has not affected Stablecoin, Ethereum Stacking and its competitors in DeFi.

«Stablecoin market share continued to increase likely owing to investors derisking in the midst of geopolitical and macroeconomic uncertainties,» the aggregator reported in its quarterly report.

Market weakness has not hindered interest in Stablecoin, Ethereum Stacking and its competitors' DeFi-protocols. Such conclusions are contained in the CoinGecko report for the first quarter of 2022.

📈 Among the top five assets:
Bitcoin (+1.6%);
Ripple (+3.5%);
Ethereum (-8.2%);
Binance Coin (-13.5%);
Solana (-29.1%).

During the period, the total trading turnover on the ten largest CEX and DEX was $3.79 trillion, compared to $6.08 trillion in the previous quarter.

Stablecoins are in high demand, but not all of them are safe.
Read the post about the differences between stablecoins and use BAKS if you want to save your money.

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🚨 There are 24 hours left until the form closes! 🚨

We are removing all restrictions on applying to the Ambassador Program! Anyone is welcome to apply.

To do so:
1.
Repost post.
2. Apply here.

🔥 The first 50 applications will go on the IDO WaitList. 🔥
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BaksDAO Blog
🤑 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…
⚠️ Dear users! ⚠️

By popular demand, we have decided to end the meme contest on Sunday, April 17 at 23.59 UTC.

The winners will be announced on April 22.

💪 You have just over 24 hours to create a meme or add a new one.

Warning! Make sure you fill out the form!
BaksDAO Blog pinned «⚠️ Dear users! ⚠️ By popular demand, we have decided to end the meme contest on Sunday, April 17 at 23.59 UTC. The winners will be announced on April 22. 💪 You have just over 24 hours to create a meme or add a new one. Warning! Make sure you fill out…»
🔥 BaksDAO Integrates Chainlink Price Feeds.

We’re excited to announce BaksDAO, a DeFi lending and borrowing platform, has integrated Chainlink Price Feeds on BNB Chain.

BaksDAO is a lending and borrowing platform with a fully working product, available now on Baksdao.Finance.

👀 After reviewing various oracle solutions, we integrated Chainlink Price Feeds because they provide a multitude of critical features such as:
— High-Quality Data.
— Secure Node Operators.
— Decentralized Network.
— Reputation System.

Read more about BaksDAO, Chainlink and integration in 👉 a NEW ARTICLE.

Don't forget to clap your hands 50 times at the bottom of the article 👏
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💥 Launch of BaksDAO Academy!

One of our principles is the development of financial accessibility. That's why we made the important decision to launch our own academy.

Already in the first course, you will be able to learn:
- Where the need for cryptocurrency came from.
- How blockchain and cryptocurrencies work.
- How centralized and decentralized services differ.
- How to use wallets and buy cryptocurrency.
- How to start getting passive income from cryptocurrency.

🧠 The peculiarity of our courses:
- It's absolutely free.
- The materials are suitable for any level of knowledge about cryptocurrency.
- Each course will contain both theoretical and practical parts.
- After completing the training, the user will clearly understand how to use cryptocurrency for profit.

To celebrate the launch of the Academy, we are also planning to launch a contest. Follow the news on our social networks. 👇

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🎉 BaksDAO.Finance platform is available in 5 new languages!

Available languages:
- English.
- Spanish.
- Portuguese.
- Turkish.
- Chinese.
- Indonesian.
- Russian.

To celebrate the addition of new languages, we are launching a new contest:
1. Repost the post.
2. Find an error in the translation on the platform.
3. Share the error on the form.
4. Get a place in WaitList.

🔥 Go for it!

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📊 Chainalysis: the profit from investments in cryptocurrencies in 2021 exceeded $162 billion, the leader is the U.S.

In 2021 the profit from investments in digital assets reached $162.7 billion (in 2020 - $32.5 billion):
1st place. United States - $47.9 billion.
2nd place. United Kingdom - $8.1 billion.
3rd place. Germany - $5.8 billion.
4th place. Japan - $5.1 billion.
5th place. China - $5.1 billion.

"The report reflects the growth of the ecosystem in 2021, especially in DeFi. [...] Cryptocurrency remains a source of economic opportunity for users in emerging markets," the document states.

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Results of the meme contest!

We pumped 8 abs while laughing at your memes. It was really, really hard to choose.

🏆 1st place and 15,000 BDV goes to @Ferybayan1 (https://bit.ly/3vBLjYH).

🏅There are also prizes for the 20 winners who completed all the prerequisites and filled out the form. The full list is 👉 here

Rewards will be awarded within 5 days.

🎉 Congratulations to the winners and let's laugh at the funniest ones together with us!

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🥸 What is Web 3.0?

They're talking about it everywhere, but no one is saying what it is. Let's find out right now!

Web 3.0 is the new age of the Internet. In total the Internet is divided into 3 eras. Let's take a closer look.

1️⃣ Web 1.0:
- The stage from 1991 to 2004.
- Sites are only for reading.
- Lack of interactivity and automation.
- Minimal user participation in the formation of content.
- The primitive design.

2️⃣ Web 2.0:
- Users participate in the life of the Internet and fill it with content.
- Large corporations are setting the trends.
- User data has become a "commodity" for advertisers, "the era of targeted advertising and lack of privacy.
- Users have no control over their data, and corporations can delete inappropriate content.
- Information is still stored on single servers and released on demand.

3️⃣ Web 3.0:
Decentralization.
Data will be distributed to users.

AI and machine learning.
AI can be used to identify custom comments on marketplaces.

Openness.
Software will be mostly open source.

Freedom.
It is expected that censorship on the Web will be abolished, and everyone will have the opportunity to publish any content.

Ubiquity.
Experts believe that in the era of Web 3.0, the Internet will be almost anywhere, and IoT devices and "smart" gadgets will be the distributors.

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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:
— BaksDAO Integrates Chainlink Price Feeds.
Launch of BaksDAO Academy!
BaksDAO.Finance platform is available in 5 new languages!
Results of the meme contest!
Chainalysis: the profit from investments in cryptocurrencies in 2021 exceeded $162 billion, the leader is the U.S

🧠 Helpful content:
What is Web 3.0?

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🔥 The Central African Republic has legalized bitcoin as a means of payment.

On Thursday, April 21, the government of the Central African Republic approved the legalization of BTC as a legal tender. The country became the first on the continent to legalize cryptocurrency in this status.

⚙️ Purposes of legalization:
- CAR will accept BTC to pay for goods and services
- Authorities expect the cryptocurrency will be able to pull the economy out of crisis

How does the government plan to use cryptocurrencies?

The regulation includes not only the legalization of bitcoin, but also a comprehensive strategy to rebuild the economy based on digital assets.

The plan also calls for the integration of blockchain technology into various areas of activity, including government paperwork.

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🔥 Additional BDV token features.

Right now, the BaksDAO team is working on deploying new smart contracts with loan repayment features in BDV.

Benefits of using a BDV token:
1. Reduction of interest rates on loans from 11% APR to 3% APR, subject to repayment of loans with BDV tokens (after adding value to the BDV token).
2. BDV deposit rate of 21% APR (after adding value to a BDV token).

🟣 Token BDV:
— BEP-20 tokens embedded in the BaksDAO protocol.
— Represents a collaborative management tool.
— Token issuance is tied to the growth of TVL (Total Value Locked) platform funds.

The main value of a token:
BDV holders can vote on a number of different issues - each user with these tokens is ennoscriptd to vote on platform development and changes to how the system algorithms work.

💵 You will be able to buy BDV at IDO in the 2nd quarter. The opportunity to exchange will appear after listing on DEX in the 2nd quarter of 2022.

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💰 What are the advantages of crypto-loan?

Convenience.
- Banking systems use complex algorithms to assess the solvency of the client. The borrower needs to collect an impressive package of documents, which takes a lot of time and effort to collect.

+ To get a loan from BaksDAO, all you have to do is connect your wallet. You can get a loan from anywhere in the world at any time of the day or night in just a few minutes.

Interest rate.
+ BaksDAO charges up to 11% APY.

Maturity.
- When you take a loan from a regular bank, the borrower is obliged to make payments strictly according to the bank's schedule.

+ The loan at BaksDAO is unlimited, which means you can repay it as you please.

💸 For whom is it especially convenient to take out cryptocurrency loans?

1️⃣ Traders.
Without selling their assets, they can get additional funds.

2️⃣ Small businesses, especially blockchain startups.
They often prefer to pledge in cryptocurrency and receive credit in fiat money. This is possible on the BaksDAO platform.

3️⃣ Miners and Holders.
BaksDAO gives you an opportunity to save and multiply your cryptocurrency, pay rent, electricity and other expenses.

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