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closedEnded 10 months ago ยท Snapshot (Offchain)

BIP-95: Reimbursement of Contributors for Binance Alpha Listing

By 0x42cb...A2B713

Introduction

After several conversations with Binance representatives over the last few months, Beets contributors were approached by the team responsible for the Binance Alpha listing on April 28, 2025. We were given a 24-hour window to decide whether BEETS should be included as one of the initial Sonic projects featured. This tight timeline meant there was no opportunity to go through standard governance procedures. Bypassing governance is not something we take lightly. However, given the scale of the opportunity, and the successful outcome, we believe the decision was justified.

Proposal

We propose a retroactive approval to spend 1,826,665 BEETS (0.75% of total supply) from the Beets DAO Treasury to cover the costs of the Binance Alpha Listing and the BEETS Trading Competition hosted on Binance Alpha.

## Motivation The Binance Alpha listing significantly increased visibility for Beets, introduced the protocol to new users, and drove a substantial uptick in trading activity for BEETS and the broader Sonic ecosystem. The benefits were clear, and the contributors made the call to proceed, with this proposal now seeking formal retroactive approval from DAO governance.

Specification

A total of 1,826,665 BEETS shall be paid from the Beets DAO Treasury to reimburse the contributor wallet for the costs associated with the Binance Alpha listing. The actual payment from the contributor wallet to Binance was done through the following transaction: https://sonicscan.org/tx/0x561eb2d3aa6605c7118ff638b3e3ac37b7ca13d464b9eea36b9961ba102d2c5e

Impact / Risk Assessment

There are no risks associated with this proposal. The specified amount will be sent to the contributor wallet address.

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0
Votes 70
VoterCast PowerVote & Rationale
0x43C4...69a89d
5.533M

For

0xA8a8...9dB6C3
2.409M

For

0x9066...76EAbC
2.13M

Against

0xA665...C9fFC8
1.002M

For

0x708A...e0F251
697,748

Against

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Proposal Status
  • Sun May 25 2025, 06:01 pmVoting Period Starts
  • Thu May 29 2025, 06:01 pmEnd Voting Period
Current Results

1-For

12.46M

81.05%

2-Against

2.892M

18.81%

3-Abstain

21,025.63

0.14%
Quorum 15.373M/1
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