Digg (DIGG)

Basics

• Started in / Announced on:
• Mainnet release: 23-1-2021
• An elastic supply cryptocurrency pegged to the price of Bitcoin. It has been developed and governed by the Badger DAO.
• From Delphi Digital (1-2021):

"A new Badger product that’s a non-custodial synthetic Bitcoin on Ethereum. It’s an AMPL fork and the elastic supply crypto is pegged to the price of Bitcoin and removes centralization concerns as seen with others. Digg rewards will be time-weighted."

Token

Token Distribution

• From the launch announcement (23-1-2021):

1. "40% Badger DAO Treasury
2. 40% Liquidity Mining (over 22 weeks)
3. 5% Founding Team (vested over 1 year)
4. 15% Airdrop (600 immediately available)

As DIGG supply expands holders always maintain their % ownership of the total supply. It starts at 4000 total DIGG. If it were to expand to 12,000 DIGG over time and you owned 40 DIGG at the start, you will still own 1% of the supply (120 DIGG)."

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].
• Built on:

How it works

• From the launch announcement (23-1-2021):

"Using the Sett Vaults and peg based rewards in our app, Badger is attempting to drive better stability and optimization of the rebase for DIGG. Unlike other rebasing assets this is a new approach that we intend to modify over time to increase it’s effectiveness.

Along with stability we are leveraging our vaults to enhance composability. When you deposit $DIGG in our $DIGG only vault, you will receive a token called bDIGG, which is a representation of your share in the pool. This token does NOT rebase and can be used like any other standard erc20 token."

Liquidity Mining

• From the launch announcement (23-1-2021):

"Holders of this token will be continuously receiving DIGG rewards to their position via our liquidity mining program while enabling them to use it across DeFi."

Governance

DAO

• Governed by the Badger DAO.

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].
• It has been developed and governed by the Badger DAO.

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