MIP#12
Vote option:
1) Yes - Listing on Bxxxxx [No community fund-raising is needed]
2) No - Do not agree this proposal.
Executive Summary:
Please do not ask us to submit any more CEX proposals with a rating between 21-30 after MIP#12 in order to avoid controversy. Thanks to Andrew's great effort, MVC is eligible for a good offer (only 5,000 USDT worth of space campaign costs for Bxxxxx CEX listing), so this will be the last few CEX proposals with a rating between 21-30 that we submit for DAO members' review and consideration in the future. Exceptions only apply to Digifinex and Upbit.
Always be respectful and thankful to other contributor, even if a member decides to vote no:
We should respect and appreciate the efforts of other contributors. If any member has a connection to list space at a top 30 ranking CEX with a requirement of USDT 5,000 [Worth of space] exposure cost during the immature stage, please try to raise a proposal for MVC. We suggest that we should have enough CEX's co-operation with CEX rating between 21-30 after MIP#12 this year. Exceptions only apply to Digifinex and Upbit.
Proposal Details:
No listing costs and
Integration costs is waived
"Bxxxxx requires us to keep the arrangement confidential. The offer to the MVC community is only available because they highly recognize the potential of the Bitcoin ecosystem and the potential of the MVC network. In turn, they cannot disclose their CEX name as this offer is not available for others. Bxxxxx requires a basic activity and campaign budget (USDT 5,000 worth of space) to attract new users. Would vSpace holders consider accepting Bxxxxx's proposal?"
One of the Top 30 CEX in the world under 19 Sep 2023 CMC record's Spot Trading Category.
Proposal Details:
The following quote has been received from Bxxxxx
Bxxxxx Listing Package:
- $ 0 USDT - Integration Cost, and $ 0 Listing charge
Trading & Exposure Campaign - Budget: 5,000 USDT worth of space
Bxxxxx - MVC Community Liquidity Reserve:
- $ 5,000 USDT - [Refundable after one month]
------------------
'Space' Liquidity Reserve [Refundable]: [No specific requirement by Bxxxxx], however
Reserve 7,000 Space at Bxxxxx community account because [Refundable after one month]
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]. At least 12 months above.
All community reserve from CEX is for MVCDAO's operation. 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.
----------------
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) MVCDAO or any members have no adverse comments, which does not imply their support or endorsement for listing on any exchange in any aspect. We are unaware of the network exposure gain through any exchange and there is no guarantee.
5) Author & MVCDAO of MVC are unaware about the methodology employed by CoinMarketCap or 3rd party organization how to calculate the performance of any exchange.
6) Member who favor higher transparency requirement more than what is stated in MIP#12, we strongly suggest members should vote "No" to MIP#12. There will be no acceptance of complaints if MIP#12 pass the resolution, and listing is out of any member's expectation in any aspect.
7) There will be no acceptance of complaints if the volume or exposure through listing on [any exchange] which is lower than any member's expectations. Any member who complains about the volume or exposure not sufficient through any 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) MVCDAO cannot guarantee that Bxxxxx or any future exchange will exercise due diligence and properly integrate MVC network. It is beyond any MVCer's control if the user experience for deposits or withdrawals on Bxxxxx 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 any member's control. We cannot guarantee any refund from any CEX. 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.
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 MVCDAO 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, Author, MVCDAO, any entity or any person. Always exercise caution when utilizing any exchanges.
Last updated
