CP_25-019: Plans To List $COINAGE on First Exchange

Earlier this year, Coinage identified the opportunity to become a leading creator on the Zora platform. In short order, we have achieved that goal, with $COINAGE rising to become a Top 5 token on the platform.

Context on Proposal 25-019

This proposal seeks community approval to make $COINAGE available on a suitable exchange. While trading is currently enabled through the Zora-$COINAGE Uniswap pool, we have been exploring additional routes to liquidity.

There may be certain tradeoffs in seeking alternative on-ramps for people looking to buy and hold $COINAGE. For one, this exchange listing could come to compete with the Zora-Uniswap route that has resulted in Coinage's DAO receiving more than $140,000 worth of Zora in trading fees.

As discussed on Coinage with Jesse Pollak, Coinbase listing all Zora creator coins automatically though the Base app and Coinbase has added a large surface area for $COINAGE. But adding an exchange focused on the APAC region may be net accretive even if we have to dedicate budget to getting listed on this exchange. 

Listing the asset may bring tangible value to the community:

1. Increased Liquidity: More trading volume = more stability in trade executions and reduced slippage.

2. Visibility: Access to new markets and investor segments.

3. Community Growth: Onboarding new holders through a trusted, user-friendly exchange.

While this proposal does have a cost associated with it ($8,000) this would be supported from existing trading free revenues.

Members are encouraged to join the discussion in our token-gated telegram.

NOTE: In order to vote, a wallet must now hold a Coinage Caucus or Network NFT. Our Caucus and Network NFTs allow holders to join our DAO/Co-op. To co-own the fastest-growing Web3 media outlet, you can mint one now. Become an official DAO member to become eligible for voting and patronage dividends. By minting, you will stand alongside the co-founder of Netflix, and other Web3 leaders today!