EDIT: Thank you to everyone who voted. If you indicated you would like to participate in this, please DM me. If you would like to participate but didn’t get to vote before the poll closed, please DM me as well.
Approximately how much would you be willing to donate to a Community Exchange Listing Fund? Choose a value that is in the ballpark of what you’d be willing to donate. These funds would only be used for listing MAID to new exchanges. Any other marketing initiatives would be funded separately. Your response will not be public.
$0
$100
$500
$1,000
$10,000
$20,000
$50,000
$100,000
$250,000
$500,000+
0voters
This topic has been investigated a few different times over the past year (at least). Hopefully there is more energy around getting a Community Fund going now. If a Community Exchange Listing Fund appears viable, next steps would be posted on how to get one up and running.
EDIT: Thank you to everyone who voted. If you indicated you would like to participate in this, please DM me. If you would like to participate but didn’t get to vote before the poll closed, please DM me as well.
With only 29 votes we are already up to ~$59K by my count. That’s not nothing. We aren’t getting a Binance listing with that, or anything, but it definitely starts to get the ball rolling.
Getting listed on ~5 mid-size exchanges would cost $500K to $2.5M.
Listing fees are:
~$100K to 500K+ for a mid-size exchange (i.e., ~$1B in daily trade volume)
~$1M to 2M to get onto a large exchange (i.e., ~$10B+ in daily trade volume)
Separately, listing must be supported by market-making and marketing which would incur additional costs. If there is enough traction to cover the listing fees, I will provide additional details re: market-making and marketing.
This doesn’t surprise me, honestly… However, I know there are whales that swim amongst us. I hope they’ll pitch in.
Add more options between 1000 and 10,000 please. I think people need to weigh up the risks and understand why this is important. Without more exchange listings the price may stagnant for quite some time, or it will drop as we enter a bear market. Your loses on this will be far greater than if you parted with some of your maid at this stage to get a new listing. This is exactly what happened in the last bull run and I held through and regretted it. I’m willing to put 5% of my current holdings into this, if 100 people did the same with similar holdings we’d have 1.0m towards this effort. You’d essentially be making a bet but not really if you consider the effect the P2PB2B listing had on price. For example say you have 100,000 maid valued at 1.00 USD, you put 5% in, that leaves you with 95,000 maid valued at 95,000, USD. The new exchange listing only needs to increase the price by 5% to recoup your exchange listing investment. BTW this isn’t investment advice, just pointing out the numbers.
Could you elaborate more on that? I’ve got literally zero experience in obtaining exchange listings so if you’ve got some insight to share that would be much appreciated. Particularly examples of where similar efforts have been made and suceeded / failed would be really useful.
Well, Coinbase and Kraken are both about to become publicly traded US companies, so they are as legit as you can get, really. Their officers are known and in US jurisdiction and would be facing serious jail time if they screwed people over. To get to that level, we need some B+ level exchanges so we can grow into them (and funds to get there).
Probably because reputable exchanges don’t charge extortion fees to be listed (Bitfinex for example).
The whole idea of paying an extortion fee is very 2017.
If we want to raise awareness and come into contact with more decentralised developers then ERC20 is where they are mostly at. With luck we are stuck with dead-end Omni for just a little while longer. Notice how native token DOT of Polkadot is listed everywhere but they did not pay listing fees?
Paying extortion is not the way to go about it, see the exponential rise of DEX volume into the billions as a counter example.
I think you like the word extortion a little too much. Polkadot is everywhere because the founder is the former Co-founder of ethereum. My guess is his name carries a little weight in those abilities to list.
As a person who welcomes new people to the forum, I can tell you that there are a lot of people who have lost their MAID in Poloniex.
All centralized exchanges do not worth the effort in the long run. Safe tokens are totally anonymous, it is only a matter of time before we are thrown out of all centralized exchanges.
The only way forward in the long run is decentralized exchanges and I would give money only for them. I would not give money for another centralized exchange in which people can be ground to dust:
It matters to me, because when someone tells me that their money has been stolen from a centralized exchange, there is nothing I can do. And I hate that. But maybe I can do something for future people by pushing for a decentralized exchange where you keep your keys.
Safe tokens have real usability - you can buy with them anonymously any bad things in the Safe network - pedophile content, bomb plans, etc. Monero is like a toy compared to Safe. We don’t have an idea of what we will face once the network starts…
