Code:
Title: PIVXMMFund01
Name: PIVXMMFund01
Term: 1 Cycles
Cycle Amount: 110,000
Total Amount: 110,000
Author: Jeffrey
Receiver: Jeffrey
Address: DRN6LVxGbhdkR6RetBn4sGgud8Pk14ocSE
Status: Active
Vote Hash: 4d6a4ccd33091f89d2528e7a78abe637060b1b597a30022525ee97151364d6adHi everyone
It's that time again to grow our liquidity across major exchanges such as Binance and MEXC. We will also be using these funds to start market making on Poloniex with the end goal of providing sufficient liquidity to provide a great platform for users to trade PIVX as well as to potentially extend the listing to HTX. The goal of this proposal is act as an intermediary between the market makers, Armada and the PIVX DAO to pay MM bills as well as top up liquidity . Liquidity currently stands as follows:
We also have the following balances ready in our Poloniex MM account :
9800 USDT
14,646 PIVX
The goal is to get our Binance liquidity to at least 100k at minimum a side on each pair and the same for MEXC. Having more liquidity would mean that services such as payment gateways or instant swap sites can meet the given quote to the user without risk of low liquidity dropping the price drastically and causing issues with the trade. All funds can be and will be verified by @Liquid369
If any of you have any questions please feel free to ask.
Funding:
For this cycle I will request a total 110,000 PIVX, of which 50 PIVX will be returned to me to cover the costs of submitting this proposal.
Voting Details:
To Vote YES for this proposal:
Code:
mnbudgetvote many 4d6a4ccd33091f89d2528e7a78abe637060b1b597a30022525ee97151364d6ad yes
Code:
mnbudgetvote many 4d6a4ccd33091f89d2528e7a78abe637060b1b597a30022525ee97151364d6ad no