[DCP-8] Budget for CEX listing-related costs

Summary

As the DAO begins further increasing RADAR’s utility, it is important to increase RADAR’s liquidity, and market reach and to scale our operations – which can be supported through listings. In this DCP, we’re proposing a budget for related costs whenever a listing occurs.

Motivation:

Previously, Proposals have emphasized the importance of RADAR liquidity. We have recently seen the power of listing on strategic exchanges in increasing the number of RADAR holders and overall community sentiment.

Bringing more interested parties to our ecosystem is important for our Mission and Vision of becoming the World’s Dapp Store – as a percentage of these new token holders will convert into becoming contributors.

It is vital that the DAO has a clear budget moving forward so that it can quickly address listing needs. This budget would be used for any costs related to listings – namely legal and marketing, and other associated costs.

Abstract

As the World’s Dapp Store, DappRadar DAO has an important role in ensuring the balance of our RADAR token and a long runway to afford our operational costs including contribute-to-earn, Bounties, more gamification, and open-source development.

In order to scale the Mission, it’s our responsibility to ensure good treasury practices and minimize our operational costs. That involves expanding our tokens market reach through strategic CEX exchanges, which will attract more token holders, users, partners, and contributors in support of our Mission and Vision.

The team has successfully executed this with multiple strategic partnerships, some of them being exchanges. Because of time constraints and the sensitivity of the information, we had to already allocate tokens for the recent listings: OKX and Gate.io and we are going to include them in this proposal retrospectively. However, we’d like to avoid doing this in the future and have a clearly allocated budget for any activities related to a listing.

We propose

• 6,400,000 RADAR total over the next four months. At the current spot price that is ~$74,585 worth of RADAR
• This would be used for any listing-related expenses
• We would provide periodic updates on the budgeting

Benefits

• Good investment of the DAO’s treasury that can support extending the operational runway for RADAR and DAO’s mission
• Increasing our RADAR liquidity and opening the token to new markets
• Opens RADAR and the DAO to new strategic partnerships with exchanges, new users, and contributors
• Marketing activities in partnership with CEXes would allow us to reach their communities, thus increasing the awareness for DappRadar

Drawbacks

• Distributing a proportion of RADAR tokens that could be used for other initiatives

Vote

• FOR: Allocate 6,400,000 RADAR for CEX listing-related costs
• AGAINST: Do not allocate RADAR for CEX listing-related costs