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PlanetPlanetby0xFd525F21C17f2469B730a118E0568B4b459d61B90xFd52…61B9

Requesting funds from the treasury for a CEX listing, for AQUA.

Voting ended almost 4 years agoSucceeded

Hey everyone, the high level goal of this proposal is to get permission from the community to use $50k in AQUA (from the treasury) & send it to the exchange that wants to list AQUA.

This exchange reached out to the foundation & community because they're excited to list AQUA & work with the Planet community.

The foundation will help cover the integration costs for this (meaning it won't come from the treasury).

Another really exciting thing about this is, this enables AQUA to be listed on a high quality CEX which helps meet requirements to get a Chainlink price feed for AQUA. There are volume & liquidity minimums to create a price feed for any asset. Once we meet the requirements & have a price feed, AQUA could be used as collateral on Green Planet.

Which exchange?

  • A Top 10 exchange according to CoinGecko

Screen Shot 2022-04-13 at 3.24.07 PM.png

What will the $50k of AQUA be used for?

  • It will be used by the exchange for marketing & as incentive for their Kickstarter and "DeFi Campaigns" with their community.

What will the trading pair be?

  • AQUA-USDT
  • This is because USDT is still the most liquid stablecoin as well as the most traded stablecoin across centralized exchanges
  • We think this is a good thing as it creates a liquid trading pair for AQUA with a stablecoin, this allows AQUA to have greater price discovery

If this proposal were to pass, it's likely the listing for AQUA would go live within the next couple weeks.

Off-Chain Vote

Yes, let's do this
112.95K AQUA100%
No, let's not
4.22 AQUA0%
Quorum:314%
Download mobile app to vote

Timeline

Apr 14, 2022Proposal created
Apr 14, 2022Proposal vote started
Apr 20, 2022Proposal vote ended
Oct 26, 2023Proposal updated