Bisq trading is currently decentralized, but its revenue distribution and decision-making are not.
It is critical that Bisq be resistant to censorship, and the trade protocol and P2P network achieve this—for traders.
What about Bisq's developers? With a traditional legal structure, project decision-making and revenue distribution would be centralized, and this would create vulnerabilities.
The Bisq DAO enables value transfer from traders to contributors. The BSQ token makes this possible in a decentralized way.
Trading fees are distributed to contributors without the confines of a corporation or other legal entity, keeping Bisq stateless & sovereign.
To distribute revenue from trading fees to contributors, Bisq uses BSQ - a Bitcoin-based colored coin. Contributors are issued new BSQ when stakeholders approve their compensation requests through voting, and BSQ gets “uncolored” when traders use it to pay trading fees.
There is no central entity collecting or creating BSQ—Bisq stakeholders are collectively in charge of the issuance process.
This is not an ICO. No BSQ is sold to raise capital.
With no CEO or central leadership team, Bisq stakeholders—traders and contributors—are the owners of Bisq.
Through social consensus (via voting) they determine Bisq's project strategy.
Plain-language description of the DAO.
Quick, short video series on the Bisq DAO.
Specification of the workings of the Bisq DAO and BSQ token.
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See more resources on our All About the Bisq DAO doc.