TechFlow reports that the BitDAO community has opened voting on a proposal for a BIT buyback program, intended as part of its DAO deployment strategy. The proposal recommends setting a target daily purchase amount of $2 million in USDT starting from January 1, 2023, to continue for 50 days (totaling $100 million), as part of the DAO's capital deployment strategy.
After purchasing BIT, the BitDAO treasury will still hold $300 million in USDT/USDC and 270,000 ETH (approximately $345 million), which the proposal states should be sufficient to cover more than five years of BIT product development. Currently, the proposal has a 100% support rate, and voting will end on December 31. Source link
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