Decentral Games

Background:
In recent months BAGDAO implemented a 30% weekly buy back of BAG from profits by deploying WBTC & then borrowing to buy BAG with a probable outcome to re-circulate at a later date either by having to pay back loan if market takes a turn or via other initiatives. Since this has been implemented BAG has continued to mainly trend downwards with an increasing supply circulating, to date this is not working out too well despite the team delivering on the product and growing profits. BAG is really only interesting for people playing the games within the ecosystem. These days there are lots of different crypto investors & it would be wise to appeal to all of them including the bigger % of investors who would want to just hold BAG & collect from the success of the project. I believe with smart capital management BAG can be a win/ win to all involved & everyone can benefit from an ever rising price which is the cheapest & best form of marketing that can be done via coingecko etc. to ultimately attract more buyers/removal of available BAG & players to the gaming ecosystem.

Proposal moving forward: 1: Retire 30% buy back.

2: Create BAG Staking portal on Bagcoin.org with a 7 day unstaking period where 30% of weekly profits gets deposited in USDB on BLAST & distributed based on % of bag in the pool every 7 days.

3: Dedicate another 10% of USDB weekly profits to buy back BAG & BURN them to DEAD wallet from the open market to be done up to 3 times per week at internal team discretion or days that make sense time wise or when crypto market down.

4: Remaining 60% propose to save 30% via BLAST on Chain in ETH 20% & USDB 10% earning native yield whilst holding the other 30% in current WBTC

5: Create “BURN BAG” buttons throughout the ecosystem. For example: in Cashback section in my account players can burn a % or all of there cashback rewards. Next to the tables during betting or after a win & just in random spots in the metaverse rollout. ( no timeline)

6: Create a mega monthly “BAG/BLAST JACKPOT” where players can buy tickets to win BAG & BLAST GOLD. Tickets can only be purchased in BAG with 30% of the bag BURNED. ( no timeline)

Hopefully we all think this is a step in the right direction in regards to demand & positive market pressure on BAG whilst rewarding everyone involved with added confidence, a clear return on Investment path and deflating metrics when people are considering filling up there BAGs for the long term!