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What can you do with BendDAO?
Store/Hold BendDAO
Many users hold on to their BendDAO with the expectation of it increasing in value. You can store your BEND safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade BendDAO
You can trade BendDAO for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for BendDAO trading to meet your needs.
Send BendDAO
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy BendDAO online and send to anyone and anywhere with their BendDAO address.
Spend BendDAO
You can also buy goods and services with your BendDAO. More and more vendors and retailers accept BendDAO every day.
Donate BendDAO
Bitget Charity accepts BendDAO donations for global projects that aim to improve the lives of people in the bottom billion. You can donate BendDAO so no one misses out on the growth made possible by blockchain.
Learn More About BendDAO
You can read more in-depth articles on BendDAO from Bitget Research and study how cryptocurrencies like BendDAO work on Bitget Academy
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What is BendDAO (BEND)?
BendDAO is a liquidity protocol that provides instant NFT-backed loans, collateral listings, and NFT down payments. It provides a closed loop solution for users that allows them to make down payments, borrow, and list NFTs in one place. The protocol was released on Ethereum in 2022.
How BendDAO (BEND) Works
BendDAO allows users to borrow ETH using NFTs as collateral. Bluechip NFT holders can get the best liquidity on BendDAO. NFT holders/sellers can instantly get up to 40% of the floor value of the listing before it sells. The buyer will pay off the loan, including interests, after the deal. Buyers can pay a minimum down payment of 60% to buy a bluechip NFT while initiating a flash loan from AAVE to cover the remainder. NFTs are converted into ERC721 bound NFTs through instant NFT loans to avoid the risk of theft. Borrowers are eligible for all related NFT holder airdrops. The borrower will have a 24-hour liquidation protection period to repay the loan to avoid losses caused by market fluctuations.
How Many BendDAO (BEND) Tokens Are in Circulation?
BEND has a total supply of 10,000,000,000 and a circulating supply of 382,458,902.
How to Buy BendDAO (BEND)
Consider investing in BendDAO (BEND)? It only takes 2 minutes to create an account on Bitget and start trading BEND.
Check out the available BEND trading pairs on Bitget!
Spot market
BendDAO (BEND) Resources
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