We added in the proposal co-authorship: Jordan Gray from NEAR Foundation.
As our proposal continued to be discussed on the official BitDAO channels, we decided to make changes and improvements to meet everyone’s interest.
We have increased the total allocation of tokens from 4% to 10%, now totaling 100M CONT tokens, this fulfills the most frequent request we receive to increase the allocation, this was made possible by adding “Tokens transferred immediately if the proposal passes (30M - first tranche)”.
This mechanism has also been used in the BIT - FTT swap proposal, as you can consult here.
So tokens transferred immediately if the proposal passes. The use of the Rainbow Bridge is recommended (Rainbow Bridge) / Aurora and destined resources directly to Continent DAO Treasury address: continent-dao.sputnik-dao.near
We would like to indicate this first tranche with the following formation:
10,000,000 BIT (approximately 15M USD)
7,500,000 USDT (7.5M)
7,500,000 USDC (7.5M)(50% BIT / 25% USDT / 25% USDC)
We also detail the use of resources on an annual basis. Forming investment in batches - also suggestion from BitDAO’s Chinese community. Pages 4-5