Title: coinstoremm-renew
Name: coinstoremm-renew
Term: 1 Cycle
Cycle Amount: 13290
Total Amount: 13290
Author: Jeffrey
Receiver: Jeffrey
Address: DBzz8RGreRzot33PWHfrsNvTkrpxAuE3K9
Status: Active
Vote Hash: a23737e3f6bdb6493bd3856d54bc90ef03c0c0342f10bc5380d88032c790816d
/archived-proposals/coinstore-market-making-3-months-t809
Hi Pivians,
This is a renewal of a previous proposal seen here /archived-proposals/coinstore-market-making-3-months-t809. This will entail that we receive MM for 3 months + 1 month as a promotion.
The goal of the market making is to provide a populated order book as required by the exchange. It will cover our PIVX/USDT pair on CoinEx. This is simply to cover the MM fees and we will require no additional liquidity as we have liquidity from the original listing.
Having an active MM provides liquidity, prevents spread and therefore prevents delistings.
Costs:
For a period of 3 months (+1 free) the total will be $3000 as given by the representative. I do aim on building a reputation with a single market maker to cover all of our major MM as required by exchanges. I will evaluate the new ones working on Binance and WhiteBit as a comparison.
13,240PIVX + 50 PIVX back in submission fees = 13290 PIVX
Voting Details:
To Vote YES for this proposal:
mnbudgetvote many a23737e3f6bdb6493bd3856d54bc90ef03c0c0342f10bc5380d88032c790816d yes
To Vote NO for this proposal:
mnbudgetvote many a23737e3f6bdb6493bd3856d54bc90ef03c0c0342f10bc5380d88032c790816d no