TLDR
The core contributors propose a new strategy for the Trading Treasury. Instead of reserving these funds exclusively for providing liquidity on centralized exchanges, a portion would be allocated to list $RFRM on major centralized exchanges, brokers, and additional liquidity pools across different blockchains. This move aims to expedite the token’s visibility and accessibility.
Authors
Core Contributors
The Why of the Proposal
This proposal addresses the urgent need to broaden RFRM’s reach. By using Trading Treasury funds for listing fees and supplemental liquidity on various platforms, Reform can capture advantageous market conditions and the influx of new crypto users. Exchange listing fees often climb into six figures, payable in native tokens, which can be detrimental if taken in $RFRM directly leading to sell pressure. Leveraging Trading Treasury funds prevents this issue while ensuring that Reform’s growth isn’t constrained by limited resources.
In addition, the community has actively called for more trading options. Listing $RFRM on multiple exchanges and blockchains provides greater flexibility and meets user demand. Backed by research and established exchange relationships, this proposal positions RFRM for higher trading volume and wider recognition.
The Longer Explanation of the Proposal
The crypto market experienced a major shift in 2024, highlighted by Bitcoin reaching the $100,000 mark and the introduction of ETFs that revolutionized liquidity flows. Many new investors now access Bitcoin through ETFs, funneling more trading volume into select, often region-specific, exchanges.
To adapt, Reform has extensively researched and networked with top exchanges, brokers, and chains, prioritizing the platforms likely to yield the highest influx of new users. Reducing barriers to purchase and offering a seamless experience are key to accelerating adoption and boosting trading activity.
The team anticipates a strong altcoin surge in 2025, in line with historical four-year crypto cycles. To capitalize on this, the proposal recommends allocating up to $500,000 from the Trading Treasury to finance liquidity for pool listings, as well as cover the costs of listing on major exchanges and brokerage platforms. Acting now ensures that Reform is well-prepared for the anticipated market upswing.
Although Reform’s Net Revenue (largely derived from rebates and market-making) is generally sufficient for operational expenses, relying solely on current funds might delay crucial exchange listings at a pivotal time. By drawing on Trading Treasury resources, Reform can promptly establish a presence on the most significant exchanges and chains without hampering growth.
Overall, this proposal envisions faster token expansion and more robust secondary-market volume by tapping into the Trading Treasury. The Treasury itself will be replenished with future bonding sales, which are expected to expand in 2025, ensuring that this strategic deployment of funds positions Reform for long-term success.
Budget
The maximum funding draw from the Trading Treasury is $500,000. The exact outlay will depend on individual listing requirements.
Poll
- For
- Against
Please vote and reply why below if you are “for” or “against” the proposal before it proceeds to vote.reformdao.com