Transformed Exchange Token? Web3/DAO Paradigm Shift?MarketCap Value Expect?
作者:CompoundWater 複水 ; Contents Also Contribute to MatrixDAO
Contents
Top 15 DAO Treasuries
What is BitDAO?
Web 3 & DAO Ecosystems Support & Contributions
DAO Proposal Snapshot Timeline
DAO Treasury & Market Cap Status
Concern with “Total Supply”
Conclusion
Reference
Feedback
DAO treasuries cumulatively hold over $11 billion in value. From the start and end of 2021, this number grew 40x. The top 15 treasuries today hold over $7 billion together, which is about 60% of all value in DAO treasuries.
BitDAO is a collective of builders and stakeholders enabling mutually beneficial Web3 ecosystems of people, products, and public goods. The DAO with billions in existing assets and aims to support builders of the decentralized economy and accelerates next-gen organizations.
Web3 is a collective pursuit. BitDAO want to leverage its billions in assets to grow an ecosystem of Autonomous Entities (AEs) with a shared vision for the future.
BitDAO is now expanding through a range of web3 verticals, such as: gaming with Game7, Eth Scaling with zkDAO, student bodies with EduDAO, arts with PleasrDAO, product labs, venture, and treasury management strategies etc.
BIP-04 Swap BIT for FTT (2021/10/20)
100,000,000 BIT tokens (~1% total supply) for 3,362,315 FTT tokens (~1% total supply)
This proposal has been submitted by Alameda.
BIP-09 $BIT Purchase Program (2022/04/25)
The purpose is to increase the economic connection between BitDAO Treasury growth and the $BIT token.
BIP-12 $BIT Purchase Plus+ (2022/06/22)
Recommendation: increase Target Daily Purchase Amount (TDPA) of $BIT
Soft Proposal BitDAO L1 Infrastructure (2022/06/24)
Opportunity: A high value area that has not yet been explored is an infrastructure / layer 1 opportunity.
Preferences
Optimized for
Curious if BitDAO just “BUY & HOLD” through BIP-12 Purchase (~$540M/Year) to current status without consider others situation, how long does it reach BNB & FTT FDV
Bit’s total supply is too large about 10B, which is BNB’s 61x larger and FTT’s 30x larger. Also lack of some native infrastructure use, and it’s still lot of supply% is at cliff period.
→But We can see recently one proposal from Ben, CEO of Bybit, he propose to uses $BIT as native token to do some L1 or EVM opportunity. and Some DAO members recommend burn mechanism.
→So, it is still interesting to see how this largest DAO gonna do in the future.
Future is exciting, we never know the answer. Explore Web 3 and DAO together, we are still early and enjoy the process, let time tell us :)
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