Withdraw $85,000 USDC from the treasury to fund an upcoming CEX listing

As we previously have mentioned we have been actively looking into getting WAGMI listed on CEX:es.

We now have a tentative listing date set with a CEX generating $1,000,000,000+ of average daily trading volume across all of its trading pairs.

As a part of the listing process we're required to guarantee a certain amount of daily trading volume.

We've been in contact with multiple market makers and have finally come to a tentative agreement with a market maker to support the listing.

Budget

In total we're proposing to withdraw $85,000 USDC from the treasury to finance:

• Listing/promotion costs associated with listing WAGMI on the exchange
• Market making fees that the market maker charges for its service
• Market making liquidity that will be paired with WAGMI tokens to ensure the market maker can perform its job successfully

Why are listings important?

We believe that getting WAGMI listed on multiple CEX:es is very important for the project:

• It'll expose the Euphoria protocol, the WAGMI token and Harmony as a blockchain to a brand new audience.
• It'll improve our chances of eventually sorting out a dedicated Chainlink price oracle/feed for $WAGMI that will allow for additional use cases for the protocol and the token.

How is this listing different compared to HotBit?

This CEX listing is very different compared to our current listing on HotBit. HotBit listed Euphoria without any interaction with our team whatsoever and without support from a market maker.

In contrast to HotBit this listing will be actively promoted by the CEX, there will be a listing/promotion campaign and the listing will be supported by an active market maker.

Important!

At this time we can't disclose what exchange WAGMI might be listed on or when it might get listed. Disclosing such information might result in the CEX terminating the listing agreement.