Strengthen and position Harmony to the top following a noble path of MicroStrategy & Metaplanet toward Bitcoin Standard and Accelerate Recovery

Governance
1

Summary

Strengthen and position Harmony to the top following a noble path of MicroStrategy & Metaplanet toward Bitcoin Standard and Accelerate Recovery.

Driver

The Recovery Multisig Custodians (RMC) plays a crucial role in the Harmony ecosystem, overseeing the recovery process for depegged assets.

During Oct, 2024 only, Harmony Recovery Multisig Custodians distributed ~10 MILLION $ONE token toward Recovery.

:ballot_box: Should We monthly allocate % to Bitcoin holdings to strengthen and position Harmony to the top following a noble path of MicroStrategy & Metaplanet toward Bitcoin Standard and Accelerate Recovery.

Open Community Poll on đť•Ź @
https://x.com/kratos_harmony/status/1859241454951923905

Motivation

After completing Round 25, Harmony treasury & HIP-30v2 initiative allocated approx. $3,151,141.78 for $ONE recovery efforts.

:ballot_box_with_check: The buyout of $3.15M+ at an average price of $25K per BTC would have been ~125 BTC since 2022 :spiral_calendar:

:moneybag: At current price of $94K per BTC, it would have been approx. $12M+

:rocket: Astronomical potential growth

:trophy: Saylor base price of $13M per Bitcoin would equate to $1.625 Billion

https://x.com/kratos_harmony/status/1859244255702626660

7 Likes
2

I completely support this $ONE time initiative. I do have 2 questions though.

  1. Should this BTC potentially be Native Bitcoin tokens, and if so how & who would Custody this BTC.
  2. Should this BTC be 1BTC & added to swap.harmony.one liquidity potions, and how/who wound Custody this LP :thinking:
1 Like
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Yes lets do this asap !!!

1 Like
4

I think FOMO is getting the better of some of you. This should only be revisited during the bear market and AFTER full recovery from the bridge hack.

5 Likes
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:bangbang: Harmony BSR (Bitcoin Strategic Reserve) proposal itself is a noble proposal for a buyout of Bitcoin towards 1000x BUIDL’ing.

:trophy: Harmony has the best path option to very first implement BSR into blockchain workflow.

:newspaper_roll: Great news is : $ONE has already community approved workflow of 25% of 441M $ONE to go to Harmony accelerated recovery and is operational since 2023 which is huge!

:ballot_box: :white_check_mark: Split 441M ONE tokens annual emission: 75% for staking rewards and 25% for $ONE recovery.

:writing_hand: So, the workflow update to just allocate those allocation for BSR would be massive and this is thru again :100: community led effort.

:bangbang: For the awareness, how valuable harmony would become through this continued community effort to BSR: #Bitcoin Strategic Reserve for the community and by the community.

:100: Allocation of the 25% split to BSR would be massive, following the playbook for
MicroStrategy adhering Bitcoin Standard Company :rocket:

:medal_sports: Would love to see harmony to be ranked to #3 @ CoinMarketCap rather a revert which does nothing.

:bangbang: PS: Currently self HODL’ing 80M+ ONE & fully staked :white_check_mark:

:handshake: Would be happy to contribute :100: continuation of staked rewards to: split emission to go to BSR as a proposal.

:bangbang: Potential is just infinite.

:bangbang: Very few have realized this.

:bangbang: It’s just astronomical idea :bulb:

1 Like
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:bangbang: Proposal: Harmony striving toward establishment to be the very first blockchain: Bitcoin Standard Company

:moneybag: MicroStrategy/ Michael Saylor base price of $13M per Bitcoin would equate to $12 Billion: 2x 475 BTC monthly buyout via :100: 25% Emission Split for Recovery $ONE towards $ONE acceleration

:rocket: So, A Potential of an annual buyout of 12x2x475= 11,400 Bitcoin

:trophy: This would establish Harmony to :3rd_place_medal: next to Bitcoin :1st_place_medal: & Ethereum :2nd_place_medal:

:full_moon: In making of Harmony, fully decentralized blockchain, NOW governed by the open community to be the “Strategic Bitcoin Reserve :1st_place_medal: first" blockchain

:writing_hand: Math of a buyout of a monthly 475 Bitcoin accordingly!

Accounting, just half of 25% for $ONE recovery👇

So, mere 50% (5M ONE) of current monthly Harmony recovery allocation (10M ONE) can be repurposed so to buy BTC @ $100K

:ballot_box_with_check: $100K: Buy-out of approx. 1 BTC / each month to strengthen & accelerate Harmony at $ONE price: $0.02

:ballot_box_with_check: $2MIL: Buy-out of approx. 20 BTC / each month to strengthen & accelerate Harmony at ATH of ONE price: .38c

:ballot_box_with_check: $8MIL: Buy-out of approx. 80 BTC / each month to strengthen & accelerate Harmony at ATH Marketcap of Polygon <> ONE price: $1.6

:ballot_box_with_check: $8MIL: Buy-out of approx. 361 BTC / each month to strengthen & accelerate Harmony at ATH Marketcap of DOGE <> ONE price: $7.22

:ballot_box_with_check: $8MIL: Buy-out of approx. 475 BTC / each month to strengthen & accelerate Harmony at ATH Marketcap of Solana <> ONE price: $9.50

References:

"13M is the Bitcoin Base Case as per MicroStrategy/ Michael Saylor @ x.com

2 Likes
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I completely support this :blue_heart:

2 Likes
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Very good idea if team buy btc in cheaper prices like 40k or 30k not in this price. If team buy btc 96k and price fall this buy strategy will effect negative (sorry for bad english).

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So you’re talking about adding massive sell pressure to the ONE/BTC ratio every month?

If we’re going to build up crypto reserves… maybe they should be in ONE. Or do we have that little faith in this project?

We’re at the point where the cycle typically swings towards alts anyway. So buy btc now just simply doesn’t make sense.