Monthly Payment Amount: 5000 Crave
Length of Proposal: 2 months
Problem: Many of the top exchanges carry high listing fees, whether they advertise that or not. At current Crave prices, they exceed our maximum monthly budget of 43,200 Crave. We also would not want to commit 100% of a month's budget to one item, as that restricts other ideas and proposals
Solution: The goal of this proposal is to start a fund now (managed by the Crave team) to begin saving for the costs associated with future Exchange listings of Crave.
These funds will only be used for exchange listings to increase the volume and liquidity of Crave.
There will still be individual votes to decide whether to use these reserved funds for an exchange list. This proposal is just to start saving these funds.
Project Approach & Execution Strategy
A 2-of-3 Multisignature Address has been created to store the funds for this proposal. If you would like to donate funds to speed up the process, please send to this address.
This can be found at http://explorer.crave.cc/address/bQmnAtuPHMs4Uda8fceNbLEpbxWA26xZBa
This means that between the 3 team members included (CooleRRSA, zrero, Slothman), 2 signatures will be needed to send any funds from that address to Ledger for payment.
One thing to note: Since Multisig addresses cannot be used as the address to receive funds from proposal/budget allocation, I will be first be receiving them to a regular Crave address of my own. They will then be manually sent to the Multisig address that was created. While I understand that this defeats the purpose a small bit, this process should still add a layer of security for the funds for nearly the whole time.
This address can be found at http://explorer.crave.cc/address/VKaRf2eKLtGW8PnM28esEyD6orgr5TkFE7
It should also be noted that these funds will NOT be used to stake or set up masternodes for additional funds.
June 8 superblock – 5,000 Crave
July 8 superblock – 5,000 Crave
Total – 10,000 Crave reserved over the two months.
After the June and July superblocks, another Exchange Listing Fund proposal will be created to increase the monthly amount going into the fund. The reason it is only 5,000 Crave for these two months is because we have a larger focus on saving for Ledger support.
Why is only 5,000 Crave being saved each month?
- After the June and July superblocks, another Exchange Listing Fund proposal will be created to increase the monthly amount going into the fund. The reason it is only 5,000 Crave for these two months is because we have a larger focus on saving for Ledger support.
In your wallet, go to Tools --> Debug Console
To vote in favor, type:
mnbudget vote-many 4850d96e3b5feca602218080d608bdda994630a209fb48fa8628bbe0502ffb8b yes
To vote against, type:
mnbudget vote-many 4850d96e3b5feca602218080d608bdda994630a209fb48fa8628bbe0502ffb8b no
To check the status, type:
mnbudget getinfo exchange-fund
Go to https://crave.cc/proposals