The BitDAO community has opened voting on the BIT buyback plan proposal, with a current support rate of 100%

ChainCatcher news, the BitDAO community has opened voting on the proposal for the BIT buyback plan, which aims to be part of its DAO deployment strategic plan. The proposal suggests setting a target daily purchase amount of 2 million USDT per day for 50 days (totaling 100 million USD), starting from January 1, 2023, as part of the DAO capital deployment strategy.

After purchasing BIT, the BitDAO treasury will still hold 300 million USDT/USDC and 270,000 ETH (approximately 345 million USD). The proposal states that this should be sufficient to cover over 5 years of BIT product development. Currently, the proposal has a support rate of 100%, and voting will end on December 31. (source link)