# \[PASSED\] BIP-9: $BIT Purchase Program

**URL:** <https://discourse.bitdao.io/t/passed-bip-9-bit-purchase-program/1995>\
**Category:** \[Curated Archive\] BitDAO treasury management\
**Created:** [April 6, 2022, 6:27am UTC](https://discourse.bitdao.io/t/passed-bip-9-bit-purchase-program/1995 "2022-04-06T06:27:27Z")\
**Posts on this page:** 1\
**Showing post:** 12

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**Author:** ![RJ](https://sea1.discourse-cdn.com/flex019/user_avatar/discourse.bitdao.io/rj/32/378_2.png) [@RJ](https://discourse.bitdao.io/u/RJ)\
**Post date:** [April 7, 2022, 12:19pm UTC](https://discourse.bitdao.io/t/passed-bip-9-bit-purchase-program/1995/12 "2022-04-07T12:19:08Z")

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The idea is awesome, but I got some viewpoint for why not do this.

According to the article is too long, I reopen a proposal page here.

> [@\[ARCHIVED\] Why Liquidity Staking NFT is better than repurchase and burn?](http://discourse.bitdao.io/t/why-liquidity-staking-nft-is-better-than-repurchase-and-burn/2019):
>
> Why Liquidity Staking NFT is better than repurchase and burn? Recently the cateatpeanut and Windranger Labs have proposed a Bit purchase program soft proposal. Please see [soft proposal 1995](http://discourse.bitdao.io/t/proposal-bit-purchase-program/1995)Recap The proposal with the BitDAO Treasury can spend some funds to repurchase the $BIT from publicly available secondary markets and explore the possibility to burn of $BITstarted from 2022 June 1st. Why Burning is not a good idea? An alternative proposal? The idea of purchasing and burning $BIT is fantas…

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_[View the full topic](https://discourse.bitdao.io/t/passed-bip-9-bit-purchase-program/1995)._