TIP-023 - $500,000 investment from treasury into BNB ($BNB) W | HectroDAO Ann

TIP-023 - $500,000 investment from treasury into BNB ($BNB)

We believe additional investments in established projects at current market conditions will help to further grow our treasury. Diversity minimises the risk and makes growth possible.

Binance is a unique ecosystem of decentralised, blockchain-based networks. The company has grown to be the leading crypto exchange in a number of countries, and their side organisations are attracting significant interest as well.

One of the biggest competitive advantages Binance has is its drive for development. While the company started only as a crypto exchange back in 2017, today, Binance has spread its services among numerous different spheres. According to the company website, its mission is to become the infrastructure services provider for the entire blockchain ecosystem.

Since the launch of BNB, the exchange has also benefited from increased investor interest in the token. BNB went through a significant price increase at the beginning of 2021, which has put it on the map of enterprise investors.

Measures like BEP-95 have upgraded the already deflationary tokenomics to make BNB even more deflationary. Following the proposal, gas fees on Binance Smart Chain have become even lower, as the network burns a part of the fees to decentralise further. The proposal was modeled after Ethereum's famous EIP-1559.

After TIP-023 ends, we will withdraw $500,000 from the Treasury to a secondary wallet and will perform the investment in the following hours. (We'll analyse the target project chart to find the best moment to jump in, and may do multiple smaller transactions instead of a big one).

Vote below:

https://vote.hectordao.com/#/proposal/0x7cb25c76dbd390de1a17165063eaaf2b3d63dc5242f667728faab405d945c2df