๐ดโโ ๏ธTreasury
The booty of BitSwap.. argh..
Last updated
ยฉ 2024 BitSwap. All rights reserved.
The booty of BitSwap.. argh..
Last updated
The treasury will serve as a means to generate opportunities for the BitSwap community to engage in various ventures and investment openings. Funds accumulated through tokenomics will be directly channelled into financing the treasury, at a rate determined by the governance decisions. The primary objective of the treasury is to allocate funds into diverse strategies, thereby enhancing the support for $BITS and its ecosystem. Essentially functioning as a DAO.
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There are various reasons for having a functioning treasury built within the BitSwap protocol. Firstly, it enables more effective scaling, aligning closely with the overall growth of the project. This growth is not only limited to the treasury but also extends to other areas of BitSwap's infrastructure. Additionally, the treasury plays a crucial role in the governance of the ecosystem, making it a fundamental component in guiding BitSwap's development and expansion.
The treasury will operate with complete transparency, offering visibility into the opportunities pursued. This transparency will bolster confidence in the choices made through governance proposals. The entire BitSwap Treasury portfolio will be accessible for viewing via the dApp, ensuring no user data, transactions, or any details that could jeopardize user anonymity are disclosed.
Learn about the intertwined construction and functioning of BitSwap's governance and treasury โคต๏ธ