What Is DAOBAO (BAO) ?
DAOBAO (BAO) is positioned to lead a revolution in DeFi with the $BAO Autostaking and Auto-Compounding Protocol or BAP, a new financial protocol that makes staking easier, and gives $BAO token holders the highest stable returns in crypto. BAP gives the DAOBAO token automatic staking and compounding features, and the highest Fixed APY in the market 222,555.50% a daily ROI (Return On Investment) of 2.22%. $BAO is a developer based company focused on innovation that creates benefits and value for DAOBAO token holders. Their BAP protocol issued in the DAOBAO token giving it exception benefits for holders of $BAO
DAOBAO (BAO) BAP uses a complex set of factors to support its price and the rebase rewards. It also uses game theory and human nature to determine the most likely habits of those who buy the token. development team has coordinated all of these elements so they work seamlessly behind the scenes. The result is a simple and elegant staking and rewards system for $BAO holders. The BAP is as flexible as it is powerful and will be used as the foundation for a range of DAOBAO products, services, and projects going forward. Each will transform a different area of crypto.
DAOBAO (BAO) Storage Key Points
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
How $BAO DOJO Works?
Treasury Revenue Buy & Sell Fees
A portion of the buy and sell fees help sustain the DAOBAO Treasury revenue. 5% of the trading volume is redirected to the RFV, thus helping control the $BAO staking protocol distribution.
$BAO Treasury Growth
Treasury inflow increases the DAOBAO Treasury balance and backs outstanding $BAO tokens.
Staking Rewards $BAO
Compounds automatically with a treasury-backed currency with intrinsic value.
$BAO is a BEP-20 token with an elastic supply which rewards its holders with a positive rebase formula, thus creating the first Auto-Staking and Auto-Compounding token. The APY is calculated from the reward yield (a.k.a. rebase rate) using the following equation:It raises to the power of 17,520.00 because a rebase happens 48 times daily. Consider there are 365 days in a year, this would give a rebase frequency of 365 * 48 = 17,520.00.
DAOBAO Buy and Sell Fees
DAOBAO buy and sell fees are an important component of the FAP. They provide capital for performing critical functions to the protocol as noted in the DAOBAO Token section of this White Paper. Other protocols utilize selling bonds to support the same functions as DAOBAO fees, but believe that approach is riskier because if bonds are not purchased, the token can lose its support and spiral downward in price as have seen with several of these bond based protocols.
DAOBAO = Titano Hard Fork
The difference between DAOBAO and TITANO:
- 2.2x Higher APY: $BAO 222,555.50% fixed APY compare to TITANO 102,483.58% fixed APY.
- Multi-chain farming using RFV fund: BAO RFV fund will increase exponentially at XX% per year by bridging multi-chain and farm at the best farms. TITANO RFV fund sits in the wallet and will not grow at this speed.
- Rug-proof: DAOBAO has no minting code in the contract. Unlike Titano, $BAO dev is unable to rug by minting billions of tokens for themselves even if they want to.
- Rug-proof: DAOBAO can’t increase the buy/sell fees at any point of time. Unlike Titano, $BAO dev is unable to rug by increasing the sell fees to hold the user operation.
- Rug-proof: DAOBAO can’t blacklist the users. Unlike Titano, $BAO dev can’t blacklist any users by cornering any instance.
- Fully decentralized, Auto-rebase without a need of an external wallet: Unlike Titano which uses a centralized wallet to call rebase function from outside the contract every 30 minutes, which will bring in a disaster if that wallet is not working as intended, like loosing key, power/internet outage, software/hardware issues, etc. In that case Titano will have no rebase reward at all or even can kill the project if that wallet is hacked and call in with a mega-number reward which inflate the token infinitely. The rebase (auto-reward) of DAOBAO is coded natively in the $BAO contract which no need for external rebase call so it cannot be hacked and will not affected by centralized problems.