BitDAO Community 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 to set the Target Daily Purchase Amount (TDPA) at $2 million $USDT per day starting 2023 Jan 1st for 50 days (total $100 million $USDT).

Post $BIT purchase, the BitDAO Treasury will still hold $300 million $USDT/$USDC and 270,000 $ETH (about $345 million), which should be sufficient to cover 5+ years of $BIT product development.