BORING (BoringDAO)
BoringDAO is a decentralized bridge connecting blockchain assets, providing users with a safe way to maximize asset utilization.
How to buy BORING (BoringDAO) on Huobi?
Follow the easy 4 steps below to buy BORING (BoringDAO) on Huobi.
- Register a Huobi Global account
Provide an email address, create a username, and choose a secure password. - Verify your account
After registering and verifying, all you need to do to buy Bitcoin is to provide your name, date of birth, country/region and phone number. For verification information, see the verification documentation. - Deposit in fiat currency or cryptocurrency
To deposit cryptocurrency, you only need to check the encrypted address on Huobi Global and send funds to that address. There are many ways to use fiat currency to fund your account for transactions, including credit cards, cash, and other cryptocurrencies. - Start buying Bitcoin on Huobi
Once your fiat currency or cryptocurrency is in your account, you can start buying Bitcoin. Through your Huobi Global account, you can get trading charts, 24-hour global customer support, and BORING (BoringDAO) derivatives trading.
What is BORING (BoringDAO)?
BoringDAO is a fully decentralized asset bridge that operates as a DAO. It will allow any blockchain with smart contracts such as Ethereum to become a Layer 2 solution for Bitcoin, making BTC and other assets have programmable features. It uses a “tunnel mechanism” and three-layer pledge to enable BTC, LTC and other assets to seamlessly and securely enter other blockchain networks such as Ethereum, and use various DeFi applications without barriers.
BOR is its use token and governance token, which can be obtained through “coin mining” and “boring farm”, and used to operate tunnels to obtain coin fees, payment and governance.
BoringDAO is a fully decentralized asset bridge that operates as a DAO. It will allow any blockchain with smart contracts such as Ethereum to become a Layer 2 solution for Bitcoin, making BTC and other assets have programmable features. It uses a “tunnel mechanism” and three-layer pledge to enable BTC, LTC and other assets to seamlessly and securely enter other blockchain networks such as Ethereum, and use various DeFi applications without barriers.
BoringDAO has a triple security mechanism of asset layer (PS2H multi-signature + OP_Return), contract layer (excess pledge) and insurance layer (application of decentralized insurance such as Nsure and Cover), which will allow BTC and other assets to be truly safe, decentralized, Migrate trustlessly to blockchains such as Ethereum. Its first oToken asset oBTC has been integrated into many mainstream DeFi scenarios such as Curve, Sushiswap, Alpha Finance, etc. At the same time, BoringDAO accelerates the completion of the entire migration process through effective economic incentives such as coin mining and boring farms, as well as a decentralized self-organizing governance mechanism, allowing tens of billions of assets such as Bitcoin to seamlessly enter the DeFi world and achieve Programmable features.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...