MIP#28

MIP#28
Title: Exhibition Sponsorship at Hong Kong Web3 Festival 2024
Author(s): MVCLabs
Contributors: 
Editor: N/P
Date Proposed: 2024.03.07
Date Ratified: 
Dependencies:
Replaces: N/P
Exception to MIP: N/P

  • Vote Option:

Vote option:

Yes [MVC Joins the Hong Kong Web3 Festival 2024 as Exhibition Sponsor and MVCDAO Covers USDT 33,800 + Necessary Trip Costs [MIP-2 standard] + Booth Layout + Various Side Event Enhance Tickets]

NO [MVC do not join the Hong Kong Web3 Festival 2024 as one of the Primary Exhibition Sponsor]

  • Executive Summary:

In the fiercely competitive realm of Bitcoin scaling, enhancing market exposure is paramount. The upcoming event, endorsed by the Hong Kong government, stands as the largest conference in the Asia-Pacific region. Capturing the attention of the Asia-Pacific market is vital for our network's growth. To expand the MVC network in this crucial market, attendance is essential.

MVCers, your vote and support are pivotal for MVC to seize this opportunity for massive exposure in the Asia-Pacific region.

  • Details of upcoming event:

Hong Kong Web3 Festival 2024

https://web3festival.org/hongkong2024/

Hong Kong Web3 Festival 2023 Highlights:

https://youtu.be/1YymKnASzq4?si=Uz3IrulFWWiqF6Ar

  • Contact:

For inquiries about sponsorship, speaking engagement, or other questions, please send an email to contact contact w3@blockchainlabs.org

  • Why Attend?

In the fiercely competitive realm of Bitcoin scaling, enhancing market exposure is paramount. The upcoming event, endorsed by the Hong Kong government, stands as the largest conference in the Asia-Pacific region. Capturing the attention of the Asia-Pacific market is vital for our network's growth.

To expand the MVC network in this crucial market, attendance is essential.

Attendance of Hong Kong Web3 Festival 2024 event will

A) Increase the visibility of MVC and MVC's ecosystem, and

B) Exposure to more partnership opportunity

C) Potential to be interviewed by reporter and global media.

D) Exposure to more CEX & DEX world crypto leaders in the world. Number of Community Member Participation:

Jason.K

Rachel.T

Lean.L

Ken.L

MVCDAO Costs:

  • Exhibition Sponsor: USDT 33,800

  • Accommodation & Meals & Transportation for Four Guests

  • Accommodation: USDT 75/day - (MIP-2)

  • Meals: USDT 20/day - (MIP-2)

  • Transportation: USDT 15/day - (MIP-2)

  • Booth Layout: Depends

  • Various Side Event Enhance Tickets: Depends

Duration:

  • 3-4 days, depending on side events around the conference.

Operational Transparency:

  • A comprehensive monthly operational expenditure report is available for committee review at any time.

  • Committee members receive full breakdowns of operational expenditures for regular review and feedback through private messages from a secretary member every month.

  • Comprehensive monthly operational expenditure reports are disclosed to the committee starting from January 2023 onwards.

USDT Resources:

MVCDAO has ample USDT reserves to cover all associated costs. If MIP-28 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.

Disclaimer & Remarks:

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 is focused on enhancing the visibility and sustainability of the MVC network. It is important to note that the attendance and exhibition sponsorship mentioned in this proposal do not constitute investment advice. Participants and all members should refrain from interpreting it as such.

3) Conflict of interest declaration:

The author of this proposal has not received any commission.

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