![]() ![]() But rather than using the Ethereum blockchain Bidao is using the Binance blockchain. I will take a look at the tech, team and use case as well as the long term potential for Bidao contributors.Is BAI another DAI?In some ways it appears that BiDao is trying to replicate the success enjoyed by MakerDAO with their decentralized stablecoin DAI. This means initially users will be able to interact with other cryptoassets on the Binance-chain.However, can this project really be trusted and is it worth considering?In this Bidao review I will be answering just that. Let us keep you up to date with our detailed crypto news coverage.DealsMerch StoreNewslettersPodcastsVideosAboutContactTable Of ContentIs BAI another DAI?Understanding the Bidao ChainThe Importance of ChainlinkBidao Initial Coin OfferingBidao Staking RewardsBidao Technology StackThe Bidao TeamConclusionHOME BLOG review Bidao Review: Binance Chain Based DeFi StablecoinBy Steve Walters | Last updated: | 14 Min ReadTable of ContentsIs BAI another DAI?Understanding the Bidao ChainThe Importance of ChainlinkBidao Initial Coin OfferingBidao Staking RewardsBidao Technology StackThe Bidao TeamConclusionBidao (BID) is building a decentralized Proof-of-Stake blockchain, which will also include a collateral backed stablecoin similar to the DAI stablecoin.They claim to be a one stop shop for decentralized finance (DeFi) applications, and in its initial rollout will use the Binance-chain for its settlement layer. ![]() Let us keep you up to date with our detailed crypto news coverage.DealsMerch StoreAboutContact Articles Top ResourcesBest Crypto Tax Software in 2023: Top 7 Tax Tools for CryptoThe Top 10 Best Crypto Telegram Channels10 Best Crypto YouTube Channels to Watch in 20235 Best Hardware Wallets for 2023: Top Crypto Wallets Reviewed!VIEW ALL TOP RESOURCES Beginner EducationWhat is Bitcoin? A Simple ExplanationEthereum 101: The Ultimate Guide to Understanding EthereumWhat is Blockchain in Simple Terms?What is a Smart Contract? Contracts on the Blockchain!VIEW ALL BEGINNER EDUCATION Hot ReviewsBinance Review 2023: Pros & Cons and In-Depth Exchange OverviewOKX Review 2023: Powerful All-In-One Crypto Exchange!Trezor Review: Trezor One Vs Trezor Model T, Which is Best for You?Koinly Review 2023: Crypto Tax Made Easy!VIEW ALL HOT REVIEWS Categories All CategoriesLearn everything you need to knowEducationBlockchain and crypto education is where it all starts.DeFiDeFi, or decentralized finance, is working to replace centralized traditional finance.AdoptionCryptocurrency adoption is needed to make these digital assets go mainstream.ReviewsLoads of cryptocurrency and blockchain project reviews for your education.GuidesOur blockchain guides will help you find your way through exchanges, tools, and other crypto apps.TradingCrypto trading is a great way to get involved in the blockchain revolution.MiningLearn everything you need to know about crypto miningNewsCrypto markets move fast. NewslettersPodcastsVideos Articles Top ResourcesBest Crypto Tax Software in 2023: Top 7 Tax Tools for CryptoThe Top 10 Best Crypto Telegram Channels10 Best Crypto YouTube Channels to Watch in 20235 Best Hardware Wallets for 2023: Top Crypto Wallets Reviewed!VIEW ALL TOP RESOURCES Beginner EducationWhat is Bitcoin? A Simple ExplanationEthereum 101: The Ultimate Guide to Understanding EthereumWhat is Blockchain in Simple Terms?What is a Smart Contract? Contracts on the Blockchain!VIEW ALL BEGINNER EDUCATION Hot ReviewsBinance Review 2023: Pros & Cons and In-Depth Exchange OverviewOKX Review 2023: Powerful All-In-One Crypto Exchange!Trezor Review: Trezor One Vs Trezor Model T, Which is Best for You?Koinly Review 2023: Crypto Tax Made Easy!VIEW ALL HOT REVIEWS Categories All CategoriesLearn everything you need to knowEducationBlockchain and crypto education is where it all starts.DeFiDeFi, or decentralized finance, is working to replace centralized traditional finance.AdoptionCryptocurrency adoption is needed to make these digital assets go mainstream.ReviewsLoads of cryptocurrency and blockchain project reviews for your education.GuidesOur blockchain guides will help you find your way through exchanges, tools, and other crypto apps.TradingCrypto trading is a great way to get involved in the blockchain revolution.MiningLearn everything you need to know about crypto miningNewsCrypto markets move fast.
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