Proposal to List $SHU at Coinstore

Shutter DAO DAO Proposals
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This is a proposal for a listing on Coinstore Exchange which is a crypto exchange based in Singapore. It was founded in 2020 and serves 6.1 million registered users across 175 countries. According to coingecko it has daily volumes in excess of $200 million USD and a trust score rating of 7. (https://www.coingecko.com/en/exchanges/coinstore).

The proposal is for a basic listing that costs $10000 USDT and provides the following if required:

  • 1 trading pair from either USDT/BTC/ETH/BNB
  • 1-3 Market Making accounts
  • Marketing support in the form of Web/App Banners (Max 6.1 million Registered Users/300k daily active users. AMA/Airdrops and trading competitions.
  • Social media in the form of project information/Intros, listing events and event reminders
  • Affiliate account allowing a percent of trading fees from user sign-up via Relevant

Should this proposal pass we can then move forward to discussing in detail what we require from these services and payment terms, before a final proposal to request funds from the Relevant DAO.

Possible benefits of this listing would be greater presence in those markets which will hopefully drive more users to Relevant and raise it’s profile. Its is hoped it will also provide greater liquidity for $SHU facilitating better price discovery.

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I’m immediately jumping in here as a market maker who has had to work with Coinstore and ultimately the market maker you appointed.

SHU should not entertain any form of listing on Coinstore. Not even free of charge. Recent history has proven that it’s headaches and issues without a clear value add (i.e. would contribute to further growth).

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