BoringDAO Price (BORING)

Unlisted

What is BoringDAO?

BoringDAO is a decentralized bridge that connects all blockchain assets onto a single platform. Non-ERC20 tokens can be converted into ERC20-compatible bTokens for usage on DeFi applications on Ethereum. BoringDAO aims to bring a higher level of security through a double pledge mechanism as well as to provide more incentives for participating users.

What are BORING tokens?

Currently, BORING tokens are used to redeem the original assets used to mint the bTokens. Upon redemption of the original asset, a 0.2% redemption commission will be charged, and could only be paid using BORING tokens. BORING can also be pledged to build a tunnel to support other crypto assets, where pledgers become partial owners of the tunnel to earn minting and burning fees. How does BoringDAO work? To open a tunnel, users have to pledge at least 500 BORING tokens. Each blockchain asset can only have one existing tunnel. After a tunnel has been created, it will need to be activated by the BoringDAO community where tokens need to be pledged to meet the minimum deposit requirement for tunnel activation. The pledge requirement needs to be met within 48 hours after the initial tunnel creation. If the activation requirement is met, the tunnel would go live after a tunnel-creation countdown. Once the tunnel is activated, the tunnel creator’s pledge portion will directly be included in the pledge pool. To further increase the safety of users’ funds, 50% of the tunnel’s redemption commission is placed into a locked insurance pool. The pool is community-owned and can only be used for claims settlement once a community proposal has been met and the referendum is completed. To know more about the mechanics of BoringDAO, you may refer to their documentation or whitepaper. How do I get BORING tokens? You can obtain APY tokens by purchasing them from decentralized exchanges such as Sushiswap or Uniswap. Additionally, there are two other ways of earning BORING - mint mining and using the Boring Farm. Through mint mining, users who mint bTokens will have to pay a 0.2% commission fee, but they will receive 0.4% BORING rewards based on the minted amount. On the other hand, the Boring Farm allows users to pledge the bTokens that they have minted in order to farm even more BORING tokens. Pledgers will receive a Pledge Provider (PP) token which can also be staked to get more BOR. In general, bTokens, PP tokens and liquidity provider (LP) tokens for both bTokens and BORING can be used to generate yield in BORING. 30% of the total supply of BORING would be distributed through the Boring Farm. BoringDAO uses DAOs or “tunnels” to convert assets from other blockchains into the ERC-20 standard. The first tunnel would be made for Bitcoin, called oBTC. For each asset, an exclusive minting tunnel would be created in the form of a DAO, to allow for bi-directional conversion from the original asset into the ERC-20 version and vice versa.

What is the current price of BoringDAO?

The live price of BoringDAO (BORING) is $0.00009206 USD. This real-time valuation is updated continuously and aggregates pricing from major global exchanges to ensure you see an accurate market rate.

How is BoringDAO positioned in the market?

BoringDAO currently sits at market rank #6294, supported by a market capitalization of $157269. This ranking is influenced by liquidity depth, overall investor demand, and the circulating token supply.

What is the circulating supply of BORING?

The circulating supply of BORING is 1708291974.207366 tokens, representing the amount available in the open market. This number plays an important role in determining market valuation, scarcity, and long-term inflation dynamics.

What is the 24-hour price range of BoringDAO?

During the last 24 hours, BoringDAO traded within a range of $ (24-hour low) and $ (24-hour high). This volatility range helps traders understand short-term momentum and market unpredictability.

How far is BoringDAO from its All-Time High and All-Time Low?

BoringDAO reached an all-time high of $0.148861, while the lowest recorded price (ATL) is $0.00007599. These historical benchmarks allow traders to evaluate long-term price potential and cycles.

How active is BORING trading today?

Trading volume over the past 24 hours is $--, reflecting current market participation. Higher volume often indicates stronger investor interest and deeper market liquidity.

What influences the recent trend direction for BoringDAO?

The current price movement of --% over the last 24 hours is shaped by market sentiment, trading activity, macroeconomic factors, and ecosystem-specific updates related to Decentralized Finance (DeFi),BNB Chain Ecosystem,Ethereum Ecosystem,Bridge Governance Tokens,DeFiance Capital Portfolio. Sudden increases in volume can also act as catalysts for sharp price movements.