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Active BitMartP1 - Perps

Jeffrey

Jeffrey

Administrator
Staff member
Code: 
Title: BitMart_Perps1
Name: BitMart_Perps1
Term: 1
Cycle Amount:  38600 PIVX
Total Amount: 38600 PIVX
Author: Jeffrey
Receiver: Jeffrey
Address: DDJ7BHkWfL6bQxeE1j2HvhNgd2ksWUC7hi
Status: active
Vote Hash:  516a284d7d5d9d7b44044cf92c6cafa569ef9638da016b31f44e2c4099d1bdd1


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Hi everyone,

This proposal has been in the works for some time, infact @Liquid369 even met some of their team at Token2049. The pricing has been negotiated easily over a month now to a point the deal is too good to not take it.

Now PIVX already has a spot PIVX/USDT pair on BitMart which is very liquid and sometimes our 2nd biggest exchange by depth. According to CoinMarketCap they are the 14th biggest derivatives exchange by volume. BitMart has also been around since 2018 making them a very well established exchange. Once we have perpetuals here that would mean we have 2 perps pairs (XT + BitMart), XT recently broke all time highs of PIVX perp volume of over 10 million dollars showing the massive interest in trading PIVX with Leverage. Another benefit to the exchange is that they do not require KYC.

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For more information on Bitmart check the following:
X - https://x.com/BitMartExchange
PIVX Pair - https://www.bitmart.com/trade/PIVX_USDT?type=spot

This will be a series of proposals to cover the entire listing cost. Once 15K has been reached and I the intermediary transfer the funds to our contact at Bitmart they would announce the listing and then list once full funds have been received.

I'd also like to note that many exchanges we are on always ask for information on which perpetual pairs we have, this will be used as leverage to seek additional listings therefore opening PIVX to more users. Everything works together and having more exchanges especially ones as big as BitMart makes many other things possible.

Funding:

So funding required has now been reducted to 50000 USDT. Usually a security deposit and market making is required however all of this has been waivered making this a really great deal.
When resubmitting I will simply link to this proposal in the future. For now I have reviewed remaining PIVX (Assuming all proposals pass) and asked for that.


Will be submitting for 38600 PIVX of which I will subtract 50 PIVX used to submit this proposal.



Code: 
mnbudgetvote many 516a284d7d5d9d7b44044cf92c6cafa569ef9638da016b31f44e2c4099d1bdd1 yes
To Vote NO for this proposal:
Code: 
mnbudgetvote many  516a284d7d5d9d7b44044cf92c6cafa569ef9638da016b31f44e2c4099d1bdd1 no
 
Last edited:
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