BitDAO Releases Proposal For BIT Purchase Program Open For Voting
The BitDAO community has opened voting on a proposal for a BIT purchase program as part of its strategic plan for DAO deployment. The proposal suggests setting the Target Daily Purchase Amount (TDPA) at 2 million USDT per day starting January 1, 2023, for 50 days.
Similar to traditional corporations, when there are few options for deployment, excess capital may be distributed to token holders or repurchased from them. Apart from the objectives and risk tolerance of the DAO, token holders have varied risk appetites and possibilities that they might pursue with their own funds.The DAO has also started working on its own initiatives, and in 2023 it intends to introduce the Mantle Ethereum Layer 2 network.
Source
https://t.me/InvestmentTradingUpdates
