Title: MM-renew
Name: MM-renew
Term: 1 Cycle
Cycle Amount: 33,460 PIVX
Total Amount: 33,460 PIVX
Author: Jeffrey
Receiver: Jeffrey
Address: DJfxoPJKaAaYxpYcTPvK5ZYjk58J5sw4ak
Status: Active
Vote Hash: e7408d2037792af2690277f610c2a3bc693ef06bbdd7a0fecbb77d36ae4e22fe
Whats good PIVX!?
It's that time again!, We need to renew our market makers contract for CoinStore. I will also be extending this market making contract to handle our pair on LBank. As of current our LBank market has had free market making services by them. Now after meeting a potential new partner that uses LBank for liquidity it came to mind that their MM is not up to standard. I aim to fix this by extending our Market making to the PIVX/USDT pair on LBank to provide a healthier market that will allow for integrations that use that market and to provide sufficient order book liquidity with our existing MM liquidity.
For this proposal I will act as the intermediary to handle these payments and to keep our market making active. Our previous proposal on this can be found here - /archived-proposals/coinstore-market-making-renewal-t850
What this proposal gets us:
6 Months + 2 months free market making
PIVX/USDT on CoinStore and LBank
Funding:
3870 USD x 2 = 7740 USD.
Due to the nature of the market being so volatile I am going to ask for 8200 USD. Remaining funds will be pooled towards our XT integration for perpetuals and disclosed here and shown to @Liquid369
I will also ask for my 50 PIVX back that was used to submit this proposal.
Total = 33,460 PIVX
Voting Details:
To Vote YES for this proposal:
mnbudgetvote many e7408d2037792af2690277f610c2a3bc693ef06bbdd7a0fecbb77d36ae4e22fe yes
To Vote NO for this proposal:
mnbudgetvote many e7408d2037792af2690277f610c2a3bc693ef06bbdd7a0fecbb77d36ae4e22fe no