$GPT Buy-Back and Burn Proposal

I propose using CryptoGPT revenue that comes to the DAO treasury for buy backs and burns.

The project has a lot of income sources:

• zk layer-2 fees
• Fees on Core apps
• Protocol fees on the first AI2Earn app market
• AI Capsules
• AI Marketplace

There’s more but the above gives a good case already. This can scale into a lot of fees and the community DAO has a lot of power with buy backs and burns to support the token very strongly.

I believe the community should vote for buy backs and burns. It will help the project stand out in the AI sector. No other AI project has cash flow for buy backs and burns. Look what this approach did for Binance: they burned BNB and became the biggest exchange. Now others can just copy them but they’re late.

CryptoGPT can be the Binance of the AI sector by invoking buy backs and burns.

This approach is also effective for the success of the zk layer-2. Ethereum liquidity grew exponentially once burns went live for ETH. Its community grew; investor base grew; trading activity and volumes grew. We need to replicate that and the lowest hanging opportunity for us is to vote for burns of the GPT supply that pools up into the community DAO.

As the GPT pooling up in the community DAO is from fees, it comes from the open market. This means burning all this GPT doesn’t just cut total supply, but it also hugely cuts circulation supply.

By voting for burns with me, the community helps push up the scarcity of GPT. Our goal should be to maximize that direction so exchanges have no more tokens left.

Very few projects have community DAOs that get capital. We need to make the most use of it. Every community member should opt in to this vote to make sure this gets done.

Finally, I believe actions like this excite traders a lot, which can help the ecosystem become much more liquid. Even more than it is now. Projects like DogeChain moved 10x in price with 100x increase in volume after their communities votes in burns. Now is the best time to vote a yes for this proposal.