Dear Venus Community,
In the context of the ever-fluctuating global economy, it is crucial to seek stable assets with high growth potential to protect the value of our project’s operational fund. Today, we would like to persuade you to consider using Bitcoin (BTC) as a reserve asset for the operational fund of the Venus project.
▎ 1. Stability and Reliability of Bitcoin
Bitcoin, with over a decade of existence, has demonstrated its stability and resilience against market fluctuations. Although BTC’s value may rise and fall over time, the long-term trend shows significant increases. Holding BTC allows our operational fund not only to preserve value but also to have opportunities for asset growth.
▎ 2. High Liquidity
Bitcoin is one of the most liquid cryptocurrencies in the market. This means we can easily convert BTC into cash or other assets when necessary. This flexibility will enable the Venus project to respond quickly to emergencies or new investment opportunities.
▎ 3. Exceptional Growth Potential
With the increasing acceptance of Bitcoin in commerce and investment sectors, the value of BTC is likely to rise significantly in the future. Investing in BTC not only helps protect our fund but also opens up opportunities for asset growth for the Venus project. With revenue from the project, we can purchase BTC and take advantage of this growth.
▎ 4. Ensuring Transparency and Accountability
Utilizing BTC as a reserve asset will help us build a more transparent system in fund management. Bitcoin transactions are recorded on the blockchain, ensuring that all activities are verifiable and auditable. This fosters trust within the community and among investors.
▎ 5. Investing in the Future
Holding BTC is not just a smart financial decision but also a strategic move towards the future. Bitcoin has become a symbol of a new financial world where technology and innovation drive development. By investing in BTC, we are not only protecting our fund but also contributing to the growth of a modern financial ecosystem.
▎ 6. Examples of BTC Accumulation Strategies:
Companies: MicroStrategy, Tesla, Block.one, Galaxy Digital, Hut 8 Mining Corp, Tether, SOS Ltd, Metaplanet, Semler Scientific, etc.
Governments: USA, UK, El Salvador, Bhutan, China, etc.
All of them have accumulated BTC, leading the trend and continuing their accumulation strategy.
The results they have achieved are evident; MSTR shares have increased by 1,620%, Metaplanet by over 1,017%, and many other companies have also seen significant gains.
For government holdings, for instance, El Salvador has achieved profits of $319 million after three years of accumulation (220%) and many other governments have seen substantial profits as well.
Regarding future policies: The USA is currently considering policies for Blockchain in general and BTC specifically => indicating stable potential for the future.
The future trend is also about holding and accumulating BTC. Therefore, it is inevitable for a blockchain project to lead in BTC accumulation.
As a member of Venus, I fully support allocating a portion of revenue to accumulate BTC for Venus’ treasury.
To propose a reasonable allocation of a portion of Venus’ revenue to purchase Bitcoin (BTC) as a reserve asset, we need to consider several factors such as financial stability, profitability potential, and risk levels. Below is a specific proposal:
▎ Proposal for Revenue Allocation to Purchase BTC
1. Allocation Rate: 10% of Monthly Revenue
• Reason for Choosing 10%:
• Feasibility: 10% is a reasonable rate that ensures the project retains necessary capital for daily operations and other investments.
• Growth Opportunity: With this rate, we can still leverage long-term profits from BTC without significantly impacting the project’s monthly cash flow.
Benefits of Accumulating BTC: Historically, BTC tends to increase in value over time. Purchasing BTC with 10% of revenue will help the project accumulate a valuable asset, thereby generating profits in the future.
2.Implementation Method:
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Monthly Revenue Tracking: Each month, after determining the revenue, we will allocate 10% to purchase BTC.
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Regular Transactions: Conduct BTC purchases on fixed days each month to minimize the impact of price volatility.
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Secure Storage: Purchased BTC will be stored in a cold wallet to ensure safety and security.
3.Evaluation and Adjustment:
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Periodic Assessment: Every quarter or semi-annually, we will reassess the project’s financial situation and the performance of BTC. If necessary, the extraction rate can be adjusted up or down depending on business conditions and market trends.
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Transparent Reporting: Provide transparent reports to the community regarding fund usage and the performance of BTC assets to maintain trust and support.
Allocating 10% of monthly revenue to purchase Bitcoin not only helps the Venus project protect its assets but also opens up opportunities for future growth. We need to ensure that this decision is made responsibly and transparently while continuously monitoring market conditions for appropriate adjustments.
We call on the Venus community to consider and support the use of Bitcoin as a reserve asset for the project’s operational fund. Let’s work together to build a strong and sustainable future for Venus!
We hope this proposal will receive consensus from the community and investors.
Sincerely,
Dear Venus Community
