XT perps + supplemental

Title: XT_supp XT_MAIN1
Name: XT_supp T  XT_MAIN1
Term: 1
Cycle Amount: 75 000  PIVX 62 300 PIVX
Total Amount: 75 000 PIVX 62 300 PIVX
Author: Jeffrey
Receiver: Jeffrey
Address: DP19RLowv5QzFJpAdETuwsAcvbJPdEoAsH
Status: active
Vote Hash:  ca6aa70875759d8cf4c9f96cae2b8375b9c0202a673c50d81cbe8a68a0ed99e0
New Hash: b210e1cf0f1152589d5a2547f679d9d3589855e9b2836d99e4c53311963d6fb1 

Brief Introduction:

Hello everyone,

As pricing amongst all altcoins have tanked it's likely that the proposals I have submitted that are passing may not meet the funding required to finalise therefore instead of taking advantage of remaining funds to cover some of the XT listing it may be best to also cover these with the additional funds and then pool the remainder into funding XT which I will get into in a moment.

We already have a spot listing for XT.com for the PIVX/USDT pair, according to CoinMarketCap, by volume XT is our 2nd biggest exchange. I have attached an image below for reference.

The main purpose of this proposal is to gather some remaining funds to go towards next cycles finalizing submission for an XT futures contract listing for PIVX which will be the first futures contract available for PIVX allowing users to trade high leverage and therefore introduce more traders to PIVX and another trading method for users who have a higher risk appetite. I will act as an intermediary between the PIVX DAO and XT.com to create this proposal and distribute the PIVX to them should it pass to cover the listing costs. Before doing this, if other passing proposals due to price decline can not be funded I will utilise some of this fund before pooling it to the XT fund.

A new proposal will be submitted in the next cycle to complete this.

ONWARDS! I will also be requesting additional pairs and activities to grow the presence of PIVX on the exchange

What this will include:

Funding:
We will require a total of 70K USDT (Discounted from 250K USDT) for the futures listing.
We will also need an additional 20K (10K USD PIVX / 10k USDT) which is to be used for market making
Market making will be free.

For this cycle due to remaining budget, I will ask for 75K PIVX of which I will also keep 50 PIVX of my funds used to submit this proposal as an intermediary.

Above is out dated, the new proposal will now request the remaining balance of
62300 PIVX

All funds and sending of funds will be collaborated between @Liquid369 and I for extra security and accountability.

Looking forward to our first but not last futures pair!

Voting Details:

To Vote YES for this proposal:

mnbudgetvote many b210e1cf0f1152589d5a2547f679d9d3589855e9b2836d99e4c53311963d6fb1  yes

To Vote NO for this proposal:

mnbudgetvote many b210e1cf0f1152589d5a2547f679d9d3589855e9b2836d99e4c53311963d6fb1 no

Please do not vote for this proposal yet. I will resubmit and ask for a lower amount to make space for a proposal today by @talhatr

Proposal has been resubmitted for 62,300 PIVX under the name XT_MAIN1

New hash published

XT.com charges $70k for listing a single pair? How does that compare with other exchanges? I ask this because it seems like an obscene amount of money to spend on what amounts to a lousy exchange that has extremely high withdrawal fees. And if that's discounted from $250k, there's some smoking of funny stuff on somebody's part.

As far as futures trading goes, I think that's a dead end. PIVX has struggled among the thousands of altcoins on the market as it is, and I don't think promoting gambling on its price is worth paying XT for.