Create a pool and use part of the income donated by bybit to buyback and burn $bit regularly
How will your proposal, if activated, benefit BitDAO?
Allowing $bit holders to feel that the treasure is not just a number staying there, but can directly feed back to bitdao members to enhance their sense of identity with bitdao. Make the $bit token have the possibility of deterministic growth, attract more investors focus and build bitdao, and be more competitive in future token swaps with other potential projects.Part of the funds is used for instant feedback, and the other part is used to build an ecosystem around bitdao for long-term development. I believe this meets most people’s expectations.
What are the projected outcomes?
$bit holders immediately feel the feedback of bitdao’s growth and have a stronger sense of identification with bitdao. At the same time, it will attract more people’s attention. Bitdao is a very good, powerful and promising project, but we have to say that we still get very little attention now.
How long will it take to complete your proposed changes?
It depends on the development speed of bitdao R&D center. Because the simple use of money to buy back $bit on sushiswap will have a huge impact on the price, and it is very likely that arbitrageurs will profit from it.
Who is involved?
All people related to bitdao now and in the future
What are the milestones?
1/3 or 1/4 of the donated income from the bybit
- Add technical details and/or links to source documentation
There is a more reasonable buyback and burn mechanism is to refer to Pilot. details as follows:
Set up a pool and deposit funds into it at regular intervals. During this period, anyone can deposit the token of the project. At the end, everyone who deposits the token will take away the deposit from the treasure proportionally, and the contract automatically burns the deposited tokens.
- Include any other relevant details on how this proposal will be accomplished
Next Steps? If this proposal is accepted, what are the immediate action items?
The BIT Community and delegates might discuss and verify the following before considering proposals.
- Is the team credible?
- Are they qualified to do this work?
- Does the proposal make sense technically?
- Does this fit into, or compliment, other projects in the BitDAO ecosystem?
- Needs work