For the last year all Bybit contribution tokens and buyback tokens have been transferred to the BitDAO Treasury, by the 20th of the following month, from the following staging wallet:
https://etherscan.io/address/0x6a159503e49ddb8e49659d6cacf5236ac4213d86
BIP-14 effective start date is September 16th. This means September 1–15th will have ETH, USD, and BIT buybacks. September 16th-30th will be BIT for burning. Transfers will be completed via the staging wallet by October 20th (i.e. this has not been scheduled to happen yet).
As the $BIT token does not have native burn functionality, we cannot send to the “zero address”. Alternatively, and as recognized by Etherscan and the Mastering Ethereum Github, we will use the most commonly used alternative burn address 0x000000000000000000000000000000000000dEaD.
Amount to be burned (on the following month’s 15th) are tracked by https://www.bitdao.io/analytics.
