Too Long; Didn't Read
BitDAO was founded by Bybit, a derivative exchange started in China and headquartered in Singapore. It raised $230 million from it’s first funding round led by Peter Thiel of Pantera Capital, and Dragonfly Capital. The governance token, BIT, was auctioned on the token launch app MISO by the decentralized exchange SushiSwap. BIT is available on many of the moat used exchanges including Binance, KU coin, IDEX, and many more.