A burn of the BIT would be interesting for the deflation of the token, this will allow an increase in the price of the BIT, which will reduce the number of tokens allocated to the gold of the lanchpad and lanchpool and thus create a buying pressure, the minimum number of BIT to be possessed should decrease if it happens I think well to still let the less wealthy participate in the lanchpad and lanchpool, another consequence would be an increase in the gains for the long time holders on the lanchpad and lanchpool and thus make the BIT strong against Bitcoin.
It will be good for bitdao token and bybit also.go for it guys.
We need this asap. the total suply of bit is 10 billion. we need burning mechanism to decrease suply. The price of BitDAO will increase
It’s a great idea. Do it
burn half every 1 month and keep it 6 times.
10B to 156M
Will the price of BIT not generally increase anyway due to all the releases within the echosystem?
This is the best time to burn bit!
this is great news. The community should support this and put it to the vote in a short time. We will increase the post-burn price and increase the number of people who support bitDAO, at the same time we will give less BİT for new deals. Let’s act as soon as possible
The problem with my proposal is that I have not proposed a solution to set up a burn, someone has already proposed a lending solution that could replace the burn, accumulate bitdao with DEX, would be a good thing for the treasury and the price of bitdao.
i was just thinking about a proposal along these lines and was planning to write something up soon
i think for this proposal to be symbiotic to both treasury AUM and token holders an underlying mechanism should be implemented to capture value and then route part of that value back to the treasury in the form of ETH or stablecoins, and divert an equal portion back to token holders via buyback and burns
In the periods that will determine the bybit contributions, we can buy the healers bitDAO and burn it. we will also increase our volume by contracting with other users and listing
Let’s go for it. It is interesting.
Good ideas, Please learn from Luna.
The price has been dropping for 5 months. Are you going to let the price keep falling? Who will buy and support this way?
Exactly. The price is going down.
The Luna model was just great…
If you don’t start burning now, it will be below $ 1.0 and you will not be able to return to the original price.
I can’t tell anyone around me about this project whose price has been falling continuously for months. I do my best to attract more investors and support bitDAO, but I don’t think management is working as hard as I am. The project may be to build the future in the long run, but the price is not unimportant to anyone. I see this situation as an ulterior motive when I see it and the management does not. Who do you think would invest in a project whose price has been falling (decreased in value) for months? Doesn’t the constant drop in price mean that the project has failed? I want to ask the management should we regret supporting bitDAO?
I completely agree with your opinion.