MIP#22
Vote option:
Yes - MVCDAO has sufficient USDT reserve, no need for USDT community fundraising.
No - Disagree with this proposal.
Executive Summary:
A proposal for listing MVC's network gas 'Space' on two top-tier CEXs [Top 5 to Top 10] (Bitstamp & Bitfinex are not in the application this time). This includes an exposure campaign, integration and listing costs, a community liquidity reserve managed by a 3rd party liquidity service provider.
MVCDAO is financially robust and ready to cover the costs. The identities of the CEXs are under wraps until their official announcement [According to Confidentiality Rule].
Proposal Details:
Listing on two Top-Tier CEXs: [Top 5 to Top 10]
Total Listing & Integration & Campaign Charge:
170,000 USDT and 110,000 USDT worth of Space.
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Community Liquidity Reserve [Refundable]:
Community Liquidity Reserve [Refundable]:
A quantity of 12,000 Space and 30,000 USDT at each of these Top-Tier CEX will be held as a community liquidity reserve. This is to meet the potential increase in gas consumption of the MVC network due to the growth in utility demand.
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, MIP-15 or 2) subsequent budget proposal or 3) DAO proposal.
Liquidity Reserve Audit:
The reserve will be subject to committee's audit on a monthly basis or anytime upon request. A weekly liquidity report to committee will be provided by the 3rd party liquidity service provider for transparency.
Liquidity Service Provider Selection:
To enhance stability, we propose to extend our partnership with Gotbit, unless specified by the community, committee or DAO proposal in the future.
Contract:
All contracts since inception are open for committee audit. Implementation may vary due to significant market fluctuations, but will adhere to contract terms.
USDT Resources:
MVCDAO has ample USDT reserves to cover all associated costs. If MIP-22 is approved by DAO, the required USDT will be withdrawn from the existing community liquidity account. In exchange, an equivalent value of Space will be transferred from the DAO treasury to the community liquidity account, ensuring liquidity resources are maintained.
Steps to Implement:
Confirmation by one specific Top-Tier whether MVC is eligible for listing at the moment.
Raise up in announcement to ask for MVCer & Committee's public feedback and comment.
Raise up the proposal for DAO voting on-chain for 7 days.
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Remarks & Disclaimer:
1) SPACE: Not an Investment Vehicle
MVCDAO wants to make it crystal clear: SPACE isn't a get-rich-quick scheme. 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) No Investment advise:
This proposal aims to boost MVC network visibility, not to provide investment advice or analysis.
3) Conflict of interest declaration:
The author of this proposal has not received any commission.
4) No Endorsement Stamp:
Just to be clear, MVCDAO and the author aren't giving a thumbs up to any exchange listing. We can't guarantee any network exposure gains through any exchange. So, if you see MVC listed on a third-party exchange, don't take it as an official endorsement from MVC, the author, MVCDAO, or any associated entity or person. Always do your homework when using exchanges.
5) Performance Metrics:
MVCDAO and the author are not privy to the methodologies used by CoinMarketCap or other third-party organizations to calculate exchange performance.
6) Transparency:
If you're a member who likes their transparency served up with an extra side of clarity, and you think MIP#21 doesn't cut the mustard, then vote "No" to MIP#21. Just remember, no take-backs or complaints if MIP#21 passes and the listing doesn't meet your expectations.
7A) Constructive Criticism is Key:
We value diverse perspectives and constructive feedback. If you have concerns about volume or exposure for any specific CEX, we're all ears! However, we encourage solutions-oriented dialogue. Members who consistently voice complaints without proposing solutions may face removal from the MVC community after four strikes. Let's build a positive and proactive community together! 🏗️🤝
7B) Patience Paves the Way: Remember, the MVC network is not your average ERC20/BRC20 token. Integration and queue times may be longer, but rest assured, it's worth the wait! 🕰️ Good things indeed come to those who wait. Members who express impatience or spread fear, uncertainty, and doubt (FUD) more than four times may face removal from the MVC community. Let's maintain a supportive and patient community atmosphere!
7) Community Conduct:
7A) No Room for FUD Spreaders:
We're all about constructive criticism. If you're not happy with the volume or exposure, let's hear your solution! But remember, four strikes without solution, MVC's moderator member reserve the right to remove you from MVC community. Persistent complainers may find themselves on the outside looking in.
7B) Patience is a Virtue: Avoid FUD Comments About Late Listing
The MVC network isn't run-of-the-mill ERC20/BRC20 token, Integration and queue times will be longer. We know you're excited, but remember, good things come to those who wait. Members who express impatience or spread fear, uncertainty, and doubt more than four times, MVC's moderator member reserve the right to remove you from MVC community.
Let's maintain a supportive and patient community atmosphere together.
To rejoin, a public apology is required. Repeat offenders will be permanently benched.
8) Exchange Integration:
We strive to ensure a smooth user experience, but the integration of MVC network on CEX is beyond MVCDAO's control. We cannot guarantee the same user experience for deposits or withdrawals as on other platforms. We appreciate your understanding and patience in this matter.
9) Risks with Centralized Exchanges:
Centralized exchanges may face bankruptcy, suspend user withdrawals, or terminate user access rights for various reasons. MVCDAO cannot guarantee refunds from any CEX. Please be aware of these risks when engaging with exchanges.
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