TIP000004: Using USDT on DAO Vault to Buy Back TPT

1. Introduction Proposal No. : TIP000004 Proposal name: Using USDT on DAO Vault to Buy Back TPT Proposal author: Ben Related proposals: None Alternative proposal: None

2. Abstract, At present, Transit Swap has been generating income continuously, and 25% of the commission fee has been injected into DAO Vault monthly in the form of USDT. Considering the current low price of TPT and the low number of TPT in the DAO Vault, it is suggested to use the USDT in the DAO Vault to buy back TPT as soon as possible while the current price is not high.

3. Motivation Buy back TPT as cheaply as possible and lock it in the vault

4. Proposal Text

1. Proposal content and implementation steps

Use USDT in the DAO Vault to Buy Back TPT Establish the automatic buy back mechanism of the DAO Vault, without waiting for proposals, and automate the action of TPT buy back; A) It is suggested to develop a buyback mechanism that calculates the average price of TPT in 24 hours. Once the average price is lower than this, a buyback valued $1000 will be initiated in Biswap(Binance Samrt Chain) (BISWAP has transaction rebate). B) There should be a special page to display the data of automatic buy back openly and transparently. For details, please refer to the page of automatic buy back of Mobox previusly

2. Timetable

After the vote is approved, the team will execute it. In order to save the development resources of the team, it can be implemented in two phases. The first phase of the buyback will be completed within three days. The second phase is the automation of the buyback work, which will be developed and completed within a month

3. Benefits of the solution after implementation

Buy back TPT at a relatively low price Automate TPT's buybacks

4. Potential risks of the scheme that need to be paid attention to

After the buyback, the price of TPT may continue to fall, leaving the DAO Vault with fewer assets. This doesn't matter, because the total supply of TPT is limited, but the Transit Swap has continuous revenue, and the sooner the buyback starts the better

5. What resources and assistance may be needed to implement the program

None

6. Suggest who should be responsible for advancing the program

The DAO manager Technical Development team

7. Voting options

A. All USDT should be used to buy back TPT B. Half of the USDT amount used to buy back TPT, keep the rest in Vault. C. Half of the USDT amount used to buy back TPT, TPT matched with USDT in Vault as Liquidity Pair to do Liquidity Mining. D. Not used USDT to buy back TPT, and directly use USDT in Vault to do asset management