Over the last few months we’ve been increasing our holdings of the FTM token. These tokens are used for a variety of purposes - mainly to stake with our validators and provide a revenue stream to the project. Given the current market dip (FTM is ~$1.03 per token at the time of writing), we see an opportunity to acquire more tokens.
With a yes vote, we will use $500,000 from the treasury to purchase FTM tokens and self-delegate them to our validators in a 50/50 split.