Title: PIVXxArmada3
Name: PIVXxArmada3
Term: 3 Cycles
Cycle Amount: 70 650PIVX
Total Amount: 211 950PIVX
Author: Jeffrey
Receiver: Jeffrey on Behalf of Armada
Address: DHXasswwBpo7DrbNp5NgeG6ZppfFTjQaz1
Status: Active
Vote Hash: 2d2a40f85fce515c7e2f0f6540e821bd9d429f80699a46139dcfb234e7cedb4c
Hi Everyone,
Its time to renew our market making again with Armada whom has been managing our Binance and MEXC pairs for some time. This time I will submit a 3 cycle proposal to cover the period from August - October and potentially the next 3 months with a top up if necessary.
Liquidity managed by Armada is a core part of providing a healthy market and orderbook to meet market conditions.
You can find previous proposals such as this one here - /archived-proposals/pivx-x-armada-marketmaking-t1041
Market Making will be a continous renewal and I will also be requesting more liquidity at a future date.
Armada has worked with us for some time so they are fine being paid some of the overall due this cycle.
Funding:
3x markets (PIVX/USDT + PIVX/BTC on Binance and MEXC) $2000 each per month. Which is a discounted rate for 3 months payment.
Total = $16,382 for 3 months of MM services on our 3 pairs.
Invoice as follows:
Remaining PIVX will be sent to Armada to contribute to the next renewal.
I will be asking for 70,600 PIVX monthly for 3 months. I will also ask for my 50 PIVX back used to submit this proposal.
total is therefore 70,650 PIVX per cycle
Voting Details:
To Vote YES for this proposal:
mnbudgetvote many 2d2a40f85fce515c7e2f0f6540e821bd9d429f80699a46139dcfb234e7cedb4c yes
To Vote NO for this proposal:
mnbudgetvote many 2d2a40f85fce515c7e2f0f6540e821bd9d429f80699a46139dcfb234e7cedb4c no