The popular trader and analyst Crypto Messiah is bullish on one altcoin that has surged over 238% in less than 10 days.
The crypto strategist tells his 72,000 Twitter followers that he’s big on Badger DAO (BADGER), and has even gone so far as to interview the project’s founder, Chris Spadafora.
“Guys… [I] was probably the first person to interview Chris Spadafora on stream about Badger and have been tweeting about it for a month-plus. I obviously like it.”
Badger decentralized autonomous organization (DAO) is a crypto newcomer that aims to build products and infrastructure to accelerate the use of Bitcoin (BTC) as collateral in the decentralized finance (DeFi) space. Badger’s system encourages community members to collaborate and come up with products that will benefit all participants.
“Badger community members can propose new product ideas to the DAO, pitch the proposal to the greater community over video and finally take the proposal if it passes these stages to an official vote for approval. Once approved the Badger DAO ops team will collaborate with them to build it, fund it and market it.
Of course, the intention is that it’s not a singular community member proposing these but instead many contributors coming together to create the best products we can.”
Community members who create products, Badger investors, as well as the DAO will all share in the profits generated by the product.
Currently, Badger DAO features two products. The first one is Sett, which is a DeFi yield aggregator that specializes in tokenized BTC assets. The second product is Digg which is a non-custodial token that’s pegged to the price of BTC.
“It’s an elastic supply cryptocurrency that’s pegged to the price of Bitcoin. Every day the supply is automatically adjusted across all wallets based on the USD value of DIGG vs BTC. If Digg’s price is higher than BTC, your wallet balance increases; if it’s lower, then your balance decreases.”