Archived Dex-Trade BTC pair + Market Making

[Jeffrey]

Title: dextrade-BTCmm
Name: dextrade-BTCmm
Term: 1 Cycle
Cycle Amount: 21,478
Total Amount: 21,478
Author: Jeffrey
Receiver: Jeffrey
Address: D8JjtzDaiZ9FzHGv4Mpn86swwCf3gwWRsY
Status: Active
Vote Hash: 41a2d5e2a25c81b51c53e7d2d44a3ef50f5567f10a8d198674fb5ffc562a4067

Hey everyone,

The purpose of this proposal is to further extend on our services within Dex-Trade by adding a BTC pair which will bring us to 2 pairs (BTC + USDT) on their exchange. They have offered a discount rate of only 800 USD to add the additional pair vs their usual 2000 USD per pair. This will also cover market making for a period of 3 months and therefore I will also include that fee and the minimum liquidity required.

Costs involved:

• BTC Pair - 800 USD
• Liquidity for market making - 2000 USD (1000 USD PIVX : 1000 USD BTC)
• Market Making x 3 months - 500 USD a month (1500 USD)

Total - 3300 USD + 300 USD due to volatility + fees when selling and transferring. (3600 USD)

21,428 + 50 PIVX in Submission fees = 21,478 PIVX

Voting Details:
To Vote YES for this proposal:

mnbudgetvote many 41a2d5e2a25c81b51c53e7d2d44a3ef50f5567f10a8d198674fb5ffc562a4067 yes

To Vote NO for this proposal:

mnbudgetvote many 41a2d5e2a25c81b51c53e7d2d44a3ef50f5567f10a8d198674fb5ffc562a4067 no

 

[Eric_Stanek]

Would be great if people voting this down, presented their reasoning. Then any misunderstandings can be resolved.
Getting listed early on exchanges can be risky, if they fail, but can be an extreme deal if they succeed.
Not sure what we paid to get listed on Binance, but there is no way we could afford it now.
WAY WAY cheaper to get listed on say 5 small exchanges, and have 4 of them fail, than to wait for the one that succeeds to be a big exchange and get listed then.
Following that logic, we got listed on DEX-Trade. But, there needs to be liquidity too otherwise people won't trade there, and PIVX will eventually get de-listed, and it is then all a waste.