/biz/ - Business & Finance

By now we all know BAO is headed for the multi-billion dollar mcap club. They’re competing with SNX (2.5B$) with an improved model that allows integration with existing protocols. You can’t unsee it, they just need to keep doing what they’re doing.

>SUSHISWAP realized it and partnered with them
>ChicoCrypto realized it and picked them as his top alt pick, 3 videos and counting
>whales realized it and sent BAO’s TVL flying from 5M$ to over 100M$ in less than 2 weeks

Now, about today’s events:

-CORE devs induced BAO’s dev in error with talks of an LP migration. A normal occurrence, a communication fault
- at the same time, cloudflare blocked access to BAO’s website because their servers went down in specific regions

Both these events led to a cascade of fud and sell orders that sent BAO’s price to a 30% crash.

>both issues are sorted, with BAO setting up backup servers as we speak.

Now, if you, like many others, missed BAO’s early days and failed to get in, know that this is probably the last time we’ll see such low prices. TVL remains unchanged, protocol and implementations as well, and product release is actually ahead of schedule (late february).

If, on the other hand, you’re just gonna bite the “miss” and insist on not buying a position, that’s fine but please dont come here and fud. This is literally the defi project with the most upward potential right now. Dont take my word for it, read it for yourself below.