Report on BIM’s First ApeBond Campaign
BIM’s first ApeBond campaign was a major milestone for the ecosystem, both financially and strategically.
As part of this first operation, the BIM DAO sold a total of 20,693 BIM.
As of today, 100% of the revenue raised through the ApeBond campaign, combined with revenue generated by the BIM protocol, has been used to buy back BIM from the market.
So far, this strategy has allowed the ecosystem to repurchase a total of 20,931 BIM.
This means:
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20,693 BIM were sold by the DAO
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20,931 BIM have already been bought back
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representing 101.15% of the amount initially sold
In other words, the buyback has already exceeded the original amount sold by 238 BIM, making this first campaign globally positive for the BIM ecosystem.
Regarding liquidity reserves, the position increased from 6.74 cbETH to 7.16 cbETH, which reflects a strong increase in reserve value.
It is also important to note that the BIM DAO initially allocated $500 to cover the fees required to launch the operation.
Beyond the numbers, this first ApeBond campaign delivered several important strategic outcomes. It allowed BIM to initiate its partnership with ApeBond, integrate the Bonds feature on BIM Exchange, and launch the buyback program of BIM Exchange.
Since then, the buyback mechanism has continued to operate through protocol revenues, and BIM is now being bought back on a near-daily basis depending on the protocol’s income.
At the present time, no additional ApeBond campaigns are planned.
Overall, this first ApeBond campaign can be considered a success. It enabled the DAO to raise funds, fully recycle the proceeds into the ecosystem through buybacks, strengthen reserves, establish a strategic partnership, and create a long-term buyback dynamic that continues to support BIM today.