MIP#10
Vote option:
1) Yes - Listing on Bitmart [No community fund-raising is needed]
2) No - Do not agree this proposal.
Executive Summary:
1) No listing costs, Bitmart require MVCDAO to pay campaign costs & integration costs only, and fulfill the liquidity requirements. The listing at Bitmart increase exposure of MVC network. May vSpace holder consider proposal from Akash Khan [Member who introduce Akash Khan to MVC community].
2) More assessable in North America. Ex: Some members from Canada express difficulty to access MVC network Ex: @JohnSimon1029, the relevant member's twitter comment. They suggest Bitmart or xeggex are accessible to people in Canada. [Another twitter comment from this member for reference]
Proposal Details:
The following quote has been received from Bitmart
Bitmart Listing Package:
- $ 0 USDT - Listing charge
Campaign for exposure in Space - Budget: 1,100 to 1,600 Qty of Space Maximum [ 15,000 USDT worth of Space Depends on the time of payment]
Offer from Bitmart represented by Akash Khan.
Bitmart - MVC Community Liquidity Reserve:
- $ 15,000 USDT - [Liquidity reserve is refundable after one month]
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'Space' Liquidity Reserve [Refundable in one month]
Reserve 7,000 Space at Bitmart community account because [Refundable]
To meet the potential increase in gas consumption of the MVC network due to the growth in utility demand, the volume size of liquidity's transactions may gradually increase.
Reserve at CEX community account to pay 3rd party liquidity service charge per month [If applicable].
All community reserve from CEX is for MVCDAO's operation and for future Top Tier CEX listing budget. Usage is subject to 1) MIP-2 or 2) subsequent budget proposal or 3) DAO proposal.
Exchange Community Account [Liquidity Reserve] Audit:
Subject to committee's audit on a monthly basis or anytime upon request
Liquidity Service Provider Selection:
To enhance stability, it is assumed that the third-party liquidity service provider with Gotbit will be extended unless specified by the community or DAO proposal in the future.
Maximum of CEX Listing with Initial 3rd party Liquidity Community service after MIP#10.
Maximum 3 more Top 15 CEX [CMC or CG] or Strong evidence highly localized exchange [Ex: Africa, Korea, Japan or Southeast Asia], then only Top 3 CEX in the world is accepted.
BingX, CoinW & Bitmart [if MIP10# pass] third-party liquidity community services will be gradually terminated between Mar 2025 and Mar 2026. CEX 3rd party liquidity service for community of any new CEX after MIP#10 is assumed to be terminated from 9 months to maximum 18 months, since their listing. 75% consent are required by committee to remain the new CEX [CEX after MIP#10] liquidity service after 18 months [Voting take place every 4 months].
Maintain only MEXC or one CEX third-party liquidity community service after Mar 2026. The remaining one 3rd party liquidity community service will also be terminated upon 75% consent by committee in future.
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Remarks & Disclaimer:
1) MVCDAO emphasizes that Space is not an investment vehicle, but the gas within the MVC ecosystem. The value and price of SPACE may be influenced by utility demand of MVC network, there may be risks of price fluctuations. Participants are advised against purchasing SPACE for investment or speculative purposes.
Please note that MVCDAO does not make any commitments or guarantees regarding the price or value of SPACE. When holding SPACE, it should be used solely for participation in MVCDAO governance or utility purpose within the MVC network.
2) The proposal is purely seeking assistance to increase the visibility of MVC network, not any intention for investment analysis or induction purpose.
3) Conflict of interest declaration: The author of this proposal has not received any commission.
4) We have no adverse comments, which does not imply our support for listing on [Bitmart or any future exchange] in any aspect. We are unaware of the network exposure gain through BingX, CoinW, MEXC, Bitmart or any exchange and there is no guarantee. If there isn't a mutual acceptance of listing on Bitmart with a consensus of 75% or above [Vote yes] in MIP#10.
5) After member's in-depth research of Bitmart, we strongly suggest members should vote "No" if any member believe that listing on Bitmart would be detrimental to MVC network in any aspect.
6) We are unaware about the methodology employed by CoinMarketCap or 3rd party organization how to calculate the performance of any exchange [BingX, CoinW and MEXC, Bitmart etc]
7) There will be no acceptance of complaints if the volume or exposure through listing on [BingX ,CoinW, MEXC, Bitmart or any future exchange] which is lower than any member's expectations. Any member who complains about the volume or exposure not sufficient through all these exchange more than four times, without providing constructive solutions after listing will be removed from MVC's community's group without notice. They will not be permitted to re-enter MVC community until they apologize through a public MVC community channel.
8) We cannot guarantee that Bitmart or any exchange will exercise due diligence and properly integrate MVC network. It is beyond our control if the user experience for deposits or withdrawals on Bitmart or any future exchange which is similar to that of 'Txbit' in the past.
9) Many centralized exchanges have experienced bankruptcy, suspension of user withdrawals, or termination of user access rights for unknown reasons, which is entirely beyond our control. Examples include Txbit. Smaller-sized exchanges with lower ratings have a higher likelihood of failure by nature which is out of any member's control. MVCDAO, MVClabs or author are not liable for any loss incur to any CEX user due to bankruptcy or suspension of user withdrawals or termination of user access rights by any CEX [with space listing]. MVCDAO, MVClabs or the author does not bear any responsibility for any losses caused by hacker attacks or any user's interactions with CEX.
10) Network's Awareness Growth is a collective effort and decision in DAO structure, and we suggest taking a holistic approach that promotes inclusivity. Don't expect us to guarantee any result or anything perfect without flaw", thanks you for all member's understanding.
11) Please be advised that the listing of third-party exchanges does not represent an official endorsement by the MVC project, MVCDAO, MVCLabs or any entity or any person. Always exercise caution when utilizing any exchanges.
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