BAO coin is the token of Bao Finance.
The goal of Bao Finance is to build the DeFi alternative as powerful as TradFi. Most people don’t realize that financial data is what makes TradFi institutions so powerful.
That’s why Bao Finance started building the tools for those people who are seeking control of their own finances, even if that brings up some learning curve.
Bao is building a new system with synthetic assets that allow to create financial instruments and markets never seen before - or not in public trading platforms, accessible without licenses and exams. But if the data exists, so too can a marketplace for it - the possibilities are endless.
The financial data is why you can’t do what institutions do. The contribution of Bao Finance asre the synthetics: With them you can get liquidity in any discrete quantifiable event.
In 2022, Bao Finance plan to start off with only a few synthetic products and the first of them is, of course, a stablecoin - baoUSD.
Where to buy BAO coin for fiat
Buying BAO coin directly for fiat will need you to get KYC verified. There’s a couple of exchanges that list BAO and let you buy it for fiat, the largest one is FTX.
FTX.com has two Bao Finance markets - one denominated in USD and one Bao Token perps.
Binance and Bitfinex don’t list BAO.
BAO can be yield-farmed at Polly Finance DAO, a project run by Bao Finance: pollyfinance.com/farms
Where to buy BAO coin without KYC
Unsurprisingly, BAO coin is not available in the USA sister platforms of neither Binance nor FTX.
If you can’t trade on FTX.com and want to buy BAO coin, you will need to do the two-step process.
First buy BNB on any exchange that lets you and then trade your it for BAO coin on https://www.pandaswap.xyz/#/swap. PandaSwap is a swap ran by Bao Finance.
Alternatively, you can swap USDC, ETH, YFI and othe tokens for BAO coin on Sushiswap and UniSwap. That’s where you can also earn income by liquidity provision.
Where to trade BAO coin
If all you want to do is speculate on the price of BAO coin, then you will probably want to make an account at FTX. Anyone opening a new FTX account pays just 0.02% for limit orders and 0.07% for market orders on spot or derivative markets. Use FTX referral code altcointrading.
If you are in the US, you will have to trade BAO on Sushiswap or Uniswap.
Crypto wallets that support BAO coin
BAO coin can be stored in Metamask. BAO coin is available on ETH, BSC and MATIC.