MIP#6

MIP#: MIP#6
Title: Listing on CoinW
Author(s): MVCLabs
Contributors: 
Editor: N/P
Date Proposed: 
Date Ratified: 
Dependencies: N/P
Replaces: N/P
Exception to MIP: N/P

Vote option:

1) Yes - Listing on CoinW [No community fund-raising is needed]

2) No - Do not agree this proposal.

  • Executive Summary:

Recently, many centralized exchanges (CEX) have approached us, including two Top 20 CEX (Bitmart and CoinW). Their offers are both very attractive, basically "Free of charge," but they require MVCDAO to pay integration costs, campaign costs, and fulfill the liquidity requirements. However, since MVC require more Asia Pacific exposure, we may save some resources and focus listing on CoinW.

  • Proposal Details:

The following quote has been received from CoinW

CoinW Listing Package:

- $ 10,000 USDT - Integration Cost.

- $ 15,000 USDT - Campaign Package for MVC network's exposure

CoinW - MVC Community Liquidity Reserve:

- $ 10,000 USDT - [Refundable]

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'Space' Liquidity Reserve: [No specific requirement by CoinW], however

  • Reserve 8,000 Space at CoinW community account because

  • 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.

CEX Community Account Audit:

  • Subject to committee's audit on a monthly basis or anytime upon request

Strategic Partnership with CoinW Agreement:

At least 5 projects running on Party A’s ecosystem. Party B agrees to list all the aforementioned 5 projects’ tokens with the same favorable listing conditions (14,000 u listing campaign each project) as SPACE if the aforementioned 5 projects’ tokens have been approved by Party B’s listing board. The same favorable listing conditions apply for the tokens from the future projects on Party A’s ecosystem.

https://twitter.com/mvcglobal/status/1688290246323236864?s=20

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Various ecosystem projects may listed on CoinW effective from End of Sep 2023.

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  • Remarks

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, not any intention for investment analysis or induction purpose.

3) Conflict of interest declaration: The author of this proposal has not received any commission.

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