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BIT EmbassyBIT Embassyby0xDA0E15Bac96FB88A6d2835cb2dA37f9c4CF500B9bitembassy.eth

How will BIT Embassy vote on BIP-20?

Voting ended almost 3 years agoSucceeded

Please take time to read through BIP-20: Adjustments to Bybit Contributions to the BitDAO Treasury to Improve Tokenomics, Project Focus, and Decentralization

https://snapshot.org/#/bitdao.eth/proposal/0x6ebdd692948cb84ef2f1855718ffd4aa6421c092a656825870f70b2c27485040

As a BIT delegate, bitembassy.eth will be casting 1,001,076 votes on behalf of the BIT Embassy community. Please signal your decision on BIP-20.

By voting "Yes" on this proposal, you are in favor of:

  1. Modifying the Bybit Contribution from a dynamic exchange-linked-amount to a fixed-schedule-amount over 48 months, starting at 120M $BIT per month and halving every 12 months (total 2.7B units).

  2. Retaining the Bybit Contribution $BIT in the BitDAO Treasury instead of immediately burning. The burn may be restarted via a subsequent BitDAO proposal.

Off-Chain Vote

Yes
40.86K BIT99.2%
No
333.13 BIT0.8%
Quorum:824%
Download mobile app to vote

Discussion

BIT EmbassyHow will BIT Embassy vote on BIP-20?

Timeline

Apr 01, 2023Proposal created
Apr 01, 2023Proposal vote started
Apr 04, 2023Proposal vote ended
Sep 09, 2024Proposal updated