A new proposal is created to borrow 300K CNY, which will be used to buy back BTS.
1.10.48435 | Expires: 1 Oct 16:38
bitcrab created a proposal:
Change committee-account bitCNY debt by 300,000.0000 bitCNY and collateral by 4,000,000.00000 BTS, margin call price = 0.12CNY
With the accumulation of BTS in committee-account, we need to consider how to use it to contribute most to the ecosystem.now almost 6M BTS in committee-account, when BSIP74 is active, more BTS will come as the margin call fee, community and committee has vetoed the idea to burn the accumulated BTS, borrowing smartcoin and buy back BTS is one good selection when the price is at bottom.
history shows that the current BTS price is at bottomthe lowest price at 7th Dec 2018 - 0.2175CNY is also the lowest price in more than 2 years. the last time BTS hits this price was at 7th, May, 2017.
after the price fell across 0.55CNY at Nov, 2018, in long time BTS price moves in a bound pattern, now the price is at 0.236CNY, only 10% above the bottom price.
it's reasonable to regard 0.2175CNY as a historical bottom price and this moment is a good time to buy back BTS.

risk control consideration:1. margin call price should not be higher than GS price, otherwise all the income will be used to reduce the margin call price.
2. margin call price should not be higher than 0.2175CNY, which is the price bottom in the last 2.5 years.
even in the worst case that BTS price fall below 0.12CNY, hundreds of millions of collateralized BTS will be margin called, it will be a big disaster, the margin call of this millions of BTS do not add much to the disaster, it's acceptable.
and I'd like to reminder, to borrow and release bitCNY to the market at enough low margin call price can reduce the possibility that BTS price fall below the bottom price.
hope committee members can check and support this proposal.