Reducing Supply in Circulation by Destroying Fees Generated on BIM Exchange

Context: Since its launch at the end of 2023, BIM Exchange, a flagship initiative of BIM Groupe, has established itself as a key platform for buying, selling and exchanging a wide range of cryptocurrencies. Thanks to its sustained activity, the platform has generated substantial commissions (fees) from the thousands of transactions carried out by its users.

Proposal: Introduced by Léo Pestre, CEO of BIM Finance, this proposal aims to use the fees generated by each transaction with the BIM token on BIM Exchange as a mechanism to reduce the outstanding supply of the BIM token. More precisely, it is proposed to destroy (burn) the equivalent of the fees collected, on each BIM transaction, to significantly reduce the number of BIM tokens in circulation.

Objectives:

• Reducing Circulating Supply: By destroying BIM tokens equivalent to transaction fees, we reduce the total circulating supply, which could contribute to an appreciation in token value for current and future holders.

• Reinforcing BIM Value: This approach aims to reinforce the perception of BIM value within the crypto ecosystem, by demonstrating a commitment to the responsible management of outstanding supply.

• Aligning Interests: By destroying BIM tokens collected as fees, we align BIM Finance's interests with those of the BIM community, demonstrating a commitment to increasing the token's long-term value.

Voting procedure: The BIM DAO is invited to vote on this proposal. A positive vote will mean approval of the strategy to destroy BIM tokens collected as fees on BIM Exchange, and a negative vote will mean rejection of this strategy.

Voting date : Voting will begin on 27/02/2024 and end on 05/03/2024

We encourage all BIM DAO members to actively participate in the vote on this crucial proposal, which has the potential to shape the future of our BIM ecosystem. Your voice counts to ensure that we make decisions aligned with the interests and values of our community.