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UniDex ExchangeUniDex Exchangeby0x2E5d207a4C0F7e7C52F6622DCC6EB44bC0fE1A13unidexapp.eth

Should rewards continue to be paused for another month for marketing efforts?

Voting ended about 4 years agoSucceeded

*IMPORTANT Voters should read the information in our last vote to see how things have changed since then and what still remains

https://snapshot.org/#/unidexapp.eth/proposal/0xdc82cc3e7c820439b6d627bc51581debf1d5d694ac12e60edcc9a13d03f8f26b


Previous month stats: We're pretty close to averaging near $1,000,000 daily volume across all chains and products with current numbers this week being ~$250,000 and our peak being ~$440,000.

Current Stats: We're pretty close to averaging near $1,000,000 daily volume across all chains and products with current numbers this week being ~$500,000 and our peak being ~$1,340,000. Once we reach around $1,000,000 daily, we feel like we can take care of things effectively ourselves and keep the ball rolling.

Transparency:

We want to give some general protocol stats on the revenue generated and other factors that could help make a better choice for voters.

Total fees accumulated (monthly period): ~$18,200 Projected Monthly Volume: ~$20,000,000

Breakdown of things accomplished

  • Newspress ( upcoming release )
  • Conference Attendance/Sponsorship ( Ex: ETHDenver )
  • Targeted social media advertising

Yet to be finalized but planned

  • Youtube promos
  • Sponsered AMA's
  • Merch/Props ( while the team is at ETHDenver )

We feel as if we are getting closer to our goal of 1 million daily volume with our current 30 day average being ~600k. We broke our ATH trading volume 2 times this month so things are going well. But extra assistance for things like conferences & new press articles couldn't have been properly achieved without the previous month's vote.

We do have multiple partnerships upcoming with bridges, DEX's, and new products upcoming and we think another fee vote could help obtain proper marketing support for these releases. However, it is up for token holders to decide this.

The fee wallet is currently sitting at $4,458 (Fantom: $3,096 69% being the highest revenue-generating chain )from an extra surplus of marketing efforts that could be distributed as we currently have yet to finalize any youtube promotions or AMA's.

Choices:

  1. Pause rewards for another month for marketing efforts
  2. Distribute fees as normal to token holders

Off-Chain Vote

Pause rewards for another month
55.82K 11.9%
Distribute fees as normal to tok
413.61K 88.1%
Download mobile app to vote

Timeline

Jan 28, 2022Proposal created
Jan 28, 2022Proposal vote started
Jan 30, 2022Proposal vote ended
Oct 30, 2024Proposal updated