Anonymous analyst “Wezek Bruh” posted the main reasons why BadgerDAO and its native token pegged to Bitcoin, DIGG, could be a great opportunity for investors. Created as a rebase token, DIGG has the capacity to contract or expand its supply to meet a price target, as Wezek Bruh explained.
The analyst believes there is value in DIGG as a potential speculative investment and a “critical part of the Badger ecosystem”. DIGG holders have a fixed percentage of the token’s total supply market cap. Although its price is determined by market dynamics, the numbers of DIGGs an investor has, within a wallet or smart contract, can increase or decrease depending.
This is determined by the positive or negative rebase, but as the analyst explained, this mechanism is designed for the investor to “always keep your share of the pie”. Wezek Bruh added:
The main takeaway is that you should think about your DIGG position in terms of percentage ownership of