Do we want a listing on FTX and/or Kucoin? #2

Hello fellow frentacles let's talk about fees,

As we are all aware the current state of the ERC-20 chain is suboptimal. Gas fees are expensive (around $40/50 for a normal swap), overal tx times take long & are unreliable. To make octo available for the masses we need to be able to offer octo to the masses in a cheap & efficient way.

Currently with the DEFI boom over the past 8 months or so, many people have started using smart contract & other more complicated ways of sending value from party A to B. While the technology is great & innovative On ERC-20 the technology is a bit ahead of it's time & this leads to other complications & network instabilities.

(High fees) (Long TX times) (Network instability)

Let me give you the following scenario:

1: You swap some eth for octo on uniswap (https://app.octo.fi/#/swap/uni) 2: You choose to save a few dollars on gas fees, so you choose to send the lowest/medium amount suggested by etherscan.io 3: The avarage tx-time is around 7/8 minutes. 4: Something happens with the ETH price of there is a presale of just something else which makes gas prices go through the roof. 5: Your tx get's canceled a few to several hours later. 6: No swap & possibly the coin you wanted to buy is now more $ 7: Cry in the corner.

Okay, so maybe 7 isn't for everyone but many people have had this problem (1-6) before. So to keep the liquidty strong & give new octonauts a chance to own some octo without having to pay half to sometimes a full octo just for fees I propose a CEX listing on Kucoin or FTX. While this is not only great for the exchange of course. It is also beneficial for current & new holders, why?

For Octo holders/investors:

• Lower fees > More liquidity > better price for their octo > good for holders
• Easability > more new investors onboard > more liquidity > higher price > good for holders
• Easability > more new investors > save their Octo on a erc20 wallet > more decentralisation & they can also earn octo by Just holding.

For the exchange:

• More liquidity = more fees
• Listing price ofc.

Disadvantages:

• For the time being less fees for octo holders. Once gas prices are fixed OR more & more people start using the referal partners/webwallet this will also increase the fees.

So currently the advantages outweigh the disadvantages imo & that's why I came with this proposal. With regards to how we are going to get the funds & other additional steps thats's something for the octagon to decide & propose. Firt let's see if there is any interest at all in a CEX listing,

Have a nice weekend!