After several conversations with Binance representatives over the last few months, Beets contributors were approached by the team responsible for the Binance Alpha listing on April 28, 2025. We were given a 24-hour window to decide whether BEETS should be included as one of the initial Sonic projects featured. This tight timeline meant there was no opportunity to go through standard governance procedures. Bypassing governance is not something we take lightly. However, given the scale of the opportunity, and the successful outcome, we believe the decision was justified.
We propose a retroactive approval to spend 1,826,665 BEETS (0.75% of total supply) from the Beets DAO Treasury to cover the costs of the Binance Alpha Listing and the BEETS Trading Competition hosted on Binance Alpha.
## Motivation The Binance Alpha listing significantly increased visibility for Beets, introduced the protocol to new users, and drove a substantial uptick in trading activity for BEETS and the broader Sonic ecosystem. The benefits were clear, and the contributors made the call to proceed, with this proposal now seeking formal retroactive approval from DAO governance.
A total of 1,826,665 BEETS shall be paid from the Beets DAO Treasury to reimburse the contributor wallet for the costs associated with the Binance Alpha listing. The actual payment from the contributor wallet to Binance was done through the following transaction: https://sonicscan.org/tx/0x561eb2d3aa6605c7118ff638b3e3ac37b7ca13d464b9eea36b9961ba102d2c5e
There are no risks associated with this proposal. The specified amount will be sent to the contributor wallet address.