Listing Proposal for Spool Token [SIP - 1.53]

Summary :bookmark_tabs:

Authorize the Spool DAO team to use up to 60,000 USDT from the treasury for an exchange listing of the SPOOL token. Additionally, approve the release of 100,000 SPOOL tokens and 30,000 USDT for the market maker to provide liquidity, maintaining these assets under Spool DAO’s control.

Motivation :fire:

This approach, combining exchange listing with robust liquidity support, is designed to advance the SPOOL token’s reach and visibility. Anticipated outcomes include increased trust from retail users, increased adoption rates, and an elevated profile for Spool within the competitive landscape.

Proposal :mailbox:

We propose two separate fund allocations from the Spool treasury:

  1. Allocate up to 60,000 USDT for the costs associated with listing the SPOOL token on a selected exchange, covering listing fees and mandatory marketing costs.
  2. Release 100,000 SPOOL tokens and 30,000 USDT to a market maker for providing liquidity on the exchange, ownership of these assets will remain with the Spool DAO.

Vote Options :ballot_box:

By voting “Yes” you agree to release up to 60,000 USDT for exchange listing costs and the allocation of 100,000 SPOOL tokens plus 30,000 USDT for liquidity provision. By voting “No” you disagree with the release of these funds.

The vote takes place here

Timeline :clock130:

  • Voting Period: December 18, 2023 → December 25, 2023

The vote concluded with “Yes”.

Thanks to everyone who voted! :fire: