Hi,
The race from DAO leadership (for Kinic in any case) is always to give the underlying token value and utility as soon as possible. We are brainstorming how token buybacks should work and would like community feedback. We plan on taking fiat and other crypto for payment in the Chrome plugin.
- Stripe payment gives USD. Trigger purchase of KINIC via API??
- Should be transferred to the treasury or staked?
- Replenish the ICP treasury of the DAO??
- Save the fiat to pay for market makers and listings?? This is around $100k / annual at the moment FYI.
It is hard to imagine that an SNS DAO project could be so successful that it starts giving back to the community
but we are dead set on being the first.
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All of the above were good please include buy back and burn mechanism to counter inflation.
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Interesting! On countering inflation. It is set at 2.5%, before SNS this was discussed and the aim was low inflation. Blackhole or burn at 5% ~ would be a good goal.
One issue from admin would be having coinmarketcap etc reset the balances during a burn. They have projects submit a bunch of things to prove it and give reasoning. So rather than continual the team would need to do this once or twice per year.
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Hey!
All of the above seems nice and cool.
In terms of listings, I believe Kinic deserves to be listed on at least Bybit or OKX [ not sure on the costs though, I meant in terms of how safely this journey has been going]
looking forward to what the team continues to cook 
LFG
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