My opinion is that listing (and any other in principle) will increase awareness of our project so that it finds more ways to increase liquidity and maturity as well
My opinion. We as a community and investors must develop our Dex. Lock your tokens, raise TVL/VOLUME. Collect liquidity on our platform (Omnipool), not take away to another exchange.
People who say that they cannot buy or that it is difficult to do so :) If you want to buy something on the cryptocurrency market, you will find a way to do it!!!
Cheers!
I have to vote nay. These 60k could be used better for development of HydraDX protocol. Maybe organize a hackathon with 60k USD rewards. That could bring some interest and new applications built on Hydra. Plus MEXC seems like a pretty scammy CEX.
The listing represents a plum, and I don't mean a plum after the listing.
The logic is simple, in order to sell tokens on MEXC you have to block them by selecting - yes. And they don't want to block them, the capital will bypass the omnipool.
Let's develop bridges to other universes first, or raise recognition. Those who are looking, and who are genuinely interested, will find a way to bring liquidity to the project, we need to attract, interest, and make the dex work. Or am I wrong. I think it's early.
That's a no brainer, of course it should be listed! More exposure means more opportunity to attract future members of the ecosystem.
Voting Nay.
This will pull capital and potential fees away from HDX and funnel them to MEXC. If MEXC believes in HDX, they can purchase liquidity for their exchange and earn their money by facilitating trades.
They should be paying us, not us paying them.
The $60,000 would be better utilized adding new features to the omnipool, and finding new ways to improve our protocol.
A company with great potential like HydraDX should be able to attract more attention and even hold more shares on more platforms. HDX's landing on MEXC is a small step, but it is a big step for HydraDX's development!
My 2c on proposal. Long term stance of community & core team towards listings was; as aspiring DEX appchain customised for assets exchanging we want to drive maximum of volumes onchain at home. If any CEX will find HDX as interesting & promising project and token, they can obviously list it, but only at their cost. This was case of Kraken listing. We were contacted by Kraken team itself first and whole listing was free except of some time from our side as support of whole process where it was necessary.
On the other hand, we appreciate it as fully community initiative executed outside of core team and would be great to see more of such autonomous actions and efforts.
What I personally dislike on proposal is lack of clarity on usage of funds and their potential reclaim. What I would prefer to add as condition for making this referendum happen is integration and support of Polkadot native USDT on MEXC as necessity for our listing and also as another contribution and help with overall liquidity of Polkadot and pushing harder such under utilised opportunity of whole ecosystem as native USDT (look at Tron and network revenues from Tron USDT transfers ~ 900m yearly!).
I am also highly skeptical about roi of 20k USDT and even more in HDX, distributed how exactly? By staking cex token? and just 5 days? such amounts for time quite longer than 5 days could provide pretty high apr (not like 1st DOT farm which was more like a test run) on whatever farm we would choose which would eventually increase usage, # of users and bigger share of it would retain in Omnipool and not leak outside.
Edited
This seems nuts to pay 60k for a very esoteric exchange. HydraDX is just getting going, lets us get the markets attention with high TVL etc & an exchange will list us because they MAKE MONEY from trading fees. 60k for an admin in Mexc to do a bit of paper work. No I vote with all my tokens. Too early.
Why throw money after a tier 5 exchange? With Kraken there is already a tier 2 exchange. Binance, Coinbase & Kucoin would be great listings I'd pay for but these days even they list without asking for much if you can show some trading volume. So, go trade, and wait for a tier 1 exchange - which will also help with money flows to other upcoming tokens on hydradx
Voted nay.
Simple reason is MEXC isn't an exchange I'd recommend to anyone. Also, sketchy behavior as shared by others about MEXC makes me uncomfortable:
https://twitter.com/vida_bwe/status/1738243103138721844?s=46&t=-jk8J4n-gl_nXjt4EmHUeQ
I'm okay with seeing more organic growth through Kraken and our DEX first. If we were to pay for a listing, I'd rather it be a tier 1 CEX for an appropriate price. At the moment I think the funds to be allocated are better held onto or invested to other growth opportunities.
Why nay?