DAO Proposal: Connecting BabyDoge Treasury Tokens to Solana Liquidity
Proposal Summary
This proposal aims to extract BabyDoge tokens worth $500,000 or $1 million from the treasury to connect and deploy liquidity on the Solana network. The goal is to enhance BabyDoge's presence in the Solana ecosystem and create better trading options and cross-chain functionality for the community.
Circulating Supply Integrity
It is important to note that bridging BabyDoge tokens from the BNB chain to Solana will not change the total circulating supply. Our bridging mechanism operates through a process of locking and unlocking. Tokens transferred from the BNB chain will be locked while being unlocked on the Solana side (or vice versa). This maintains a stable token supply, upholds the integrity of our economic model, and also enables effective liquidity expansion across chains.
User Benefits
This bridging plan also directly benefits community members. Specifically, transferring over 100 billion BabyDoge tokens will be free, equating to approximately $240 at the current exchange rate. This ensures a cost-effective and seamless user experience, making BabyDoge on Solana more appealing and accessible.
Bridging Launch Status
Our BabyDoge bridge is currently for internal use, having undergone detailed testing with positive results. The public launch is planned for the coming days. To ensure sufficient liquidity is prepared for users at launch, this proposal will undergo a rapid one-day vote.
Voting Options
• Option A: Approve $500,000 worth of BabyDoge tokens for connecting and deploying liquidity on Solana - half a SOL
• Option B: Approve $1,000,000 worth of BabyDoge tokens for connecting and deploying liquidity on Solana - half a SOL
Final Thoughts
We invite all community members to participate in this important decision. Your participation will directly impact BabyDoge's cross-chain development and strengthen our position in the Solana ecosystem. Thank you for being a crucial part of the BabyDoge journey.
Vote here: https://t.me/babydogecoin/711