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Bag.winBag.winby0xEA5Fed1D0141F14DE11249577921b08783d6A3600xEA5F…A360

Proposal for Reinvestment of Casino Profits into BAG Token

Voting ended almost 2 years agoSucceeded

Background Despite record revenues from casino operations, the BAG token has experienced a decline in market value, attributed to ongoing selling pressure. This has led to negative perceptions about the project's financial health, contrasting with its actual performance.

Proposal Allocate 30% of casino profits to buy back BAG tokens on the market.

Rationale

Market Support: This buyback initiative will directly support the BAG token's price by reducing the number of tokens available in the open market.

Holders Confidence: Reinvesting a portion of the casino profits into the token demonstrates the project's commitment to enhancing value and sustaining the token's economy.

Positive Perception: By actively stabilizing the token's price, the project can better align public perception with its actual financial success, thereby improving the overall image and trust in the project.

Off-Chain Vote

Yes
249.9M BAG99.4%
No
1.61M BAG0.6%
Quorum:314%
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Timeline

Apr 13, 2024Proposal created
Apr 13, 2024Proposal vote started
Apr 16, 2024Proposal vote ended
Apr 16, 2024Proposal updated