Allocation of 1 Million HDN for Exchange Listings

Proposal ID: 22 Proposed by: Hydranet DAO Multi-sig Date: September 25th, 2023

Summary: This proposal seeks the DAO's approval to allocate 1 million HDN from the treasury to facilitate our token's listing on exchange platform(s). This strategic move aims to enhance our token's visibility, liquidity, and accessibility to a broader audience as we aim for CEXs which are ranked ≈ #30 and higher (Coingecko and Coinmarketcap as sources).

Details: Purpose of 1 Million HDN Allocation: The allocation is intended to cover listing fees, marketing and further associated expenses for exchange platform(s), ensuring our token's widespread availability.

USDT Usage & HDN Deduction: In scenarios where USDT from the treasury is utilized for listing expenses, an equivalent amount of HDN, based on the prevailing market rate, will be set up as bonds and deducted from the 1 Million allocation. This ensures transparency and accountability in fund utilization.

Transparency and Reporting: We commit to providing regular updates to the community regarding the utilization of these funds, ensuring transparency, and building trust. Please note that listing in CEXs requires NDAs, which limits what can be said from our side. The multi-sig will add these total amounts used to a quarterly dao report starting Q1 2024.

Remaining Funds: Any unused portion of the 1 million HDN or its USDT equivalent will remain in the treasury. These funds will only be repurposed with explicit approval from the DAO.

Action Items: Thoroughly review the proposal details. Engage in discussions to understand the implications and benefits. Cast your vote within 2 days to expedite decision-making, as we want to get this done asap.

Voting Period: September 25th 20:00 CEST, 2023 to September 27th 20:00 CEST, 2023.

We encourage all DAO members to participate actively, ensuring our token's growth and the community's best interests are served.