BITDAO token surges over 20% as $100 million buyback offer expected to pass tomorrow

BitDAO’s BIT token price has surged more than 20% ahead of the approval of its $100 million buyback plan. Through BitDAO, it will begin buying back tokens at $2 million in USDT per day for 50 days starting today. on January 1

offerIt has passed the minimum criteria and received 148 million “yes” votes, with no one objecting. unless a turn of events occurs before the deadline of December 30 at 11:00 PM EST.

The buyback is scheduled to begin on January 1st and the DAO will buy back $2 million of bits per day in USDT for 50 days.

“BIT’s current price is attractive. Especially with the upcoming Mantle project,” wrote the buyback project pseudonym cateatpeanut. said in the offerRefers to the new Ethereum Layer 2 funded by BitDAO, which will use BIT as the native token.

refer : LINK

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