Purchase Badger DAO (BADGER) with Bangladeshi Taka (BDT) easily at Switchere and benefit from fast, secure transactions.
Badger DAO (BADGER) is a decentralized autonomous organization (DAO) dedicated to building the products and infrastructure necessary to accelerate the use of Bitcoin within decentralized finance (DeFi). The core mission is to create a secure and efficient on-chain ecosystem where BTC holders can earn yield on their digital asset without relinquishing custody. Primarily operating on the Ethereum blockchain, the protocol leverages smart contracts to execute its complex, automated yield-generating strategies for tokenized Bitcoin.
The flagship products of the protocol are 'Setts' and 'Digg'. Setts are tokenized yield vaults that function as automated strategy aggregators. Users deposit assets like wrapped Bitcoin (wBTC) or other BTC-pegged tokens, and the smart contracts automatically deploy these funds across various DeFi protocols to optimize yield farming returns. Digg is a non-custodial, elastic-supply synthetic Bitcoin; a rebase token whose supply is programmatically adjusted on-chain to maintain a peg to the price of Bitcoin, managed entirely by the DAO.
The native utility token, BADGER, is central to the project's governance. Holders of the BADGER token can participate in the DAO by proposing and voting on key decisions, including new Sett strategies, protocol upgrades, and treasury allocations. BADGER is also distributed as rewards to users who deposit assets, creating a powerful incentive mechanism for participation.
The most common method is through a peer-to-peer (P2P) marketplace on a major cryptocurrency exchange. Users typically buy a stablecoin like USDT or BUSD with BDT using local payment methods such as bKash or bank transfer. Afterwards, they can trade the acquired stablecoin for BADGER on the exchange's spot market. This two-step process is standard due to the limited number of direct BDT/BADGER trading pairs.
Yes, virtually all reputable cryptocurrency exchanges that offer fiat on-ramps for BDT, even via P2P, require users to complete Know Your Customer (KYC) and Anti-Money Laundering (AML) verification. This involves submitting government-issued ID and sometimes proof of address. This is a standard security measure to prevent fraud and comply with global regulations.
The BADGER token is the native governance token of the protocol. Holders of BADGER can participate in the Decentralized Autonomous Organization (DAO) by voting on Badger Improvement Proposals (BIPs). These proposals can dictate changes to the protocol, management of the treasury, and the introduction of new Setts or products. Staking BADGER also allows users to earn additional rewards from the protocol's revenue.
Badger DAO is a decentralized autonomous organization (DAO) focused on creating the products and infrastructure necessary to accelerate the use of Bitcoin as collateral in decentralized finance (DeFi). Its main products are 'Setts,' which are yield aggregator vaults that allow users to earn yield on their tokenized Bitcoin (like wBTC, renBTC) through automated smart contract strategies.
Since BADGER is an ERC-20 token on the Ethereum blockchain, all transactions require Ethereum's network fee, known as 'gas', which is paid in ETH. Gas fees can fluctuate significantly based on network congestion. When interacting with Badger DAO's smart contracts, like depositing into a Sett vault, the gas fees might be higher than a simple token transfer due to the complexity of the operation. It's wise to check current gas prices before initiating a transaction.
After acquiring BADGER, it is highly recommended to transfer the digital asset from the exchange to a personal, non-custodial digital wallet where you control the private keys. For maximum security, especially for significant amounts, use a hardware wallet (cold storage). Always double-check wallet addresses before sending, enable two-factor authentication (2FA) on all exchange accounts, and be wary of phishing scams.