July Budget Proposal (Part Two : 12,900PHR)
This part of the budget will be entirely dedicated to covering the costs of getting Phore listed on additional exchanges.
This proposal is remaining about the same level as it has been for the month of July, at 12,900 PHR. We have reduced it just slightly to allow room for another governance proposal we need community feedback on, and we will allocate that additional amount to exchanges so the total will still be 13,000 PHR.
We have had significant outlay with our listing on IDAX (a top 25 exchange in terms of 24 hour volume), and feel it important to replenish our pool of funds as quickly as possible - in order to ensure we do not miss opportunities as they appear.
Exchanges which are consistently top 50 (in terms of 24 hour volume) will be targeted as a priority for listing, though some more than others, and there are other criteria that may make an exchange attractive besides purely their total 24 hour volume.
Now that the marketplace has been developed and is gaining traction and recognition with every passing day, we want to make Phore more accessible and to have more liquidity. Additional exchange listings will help accomplish this and provide more choice to Phore users. The budgeted funds will help cover exchange listing fees and promotional campaigns (e.g., airdrops, giveaways) that many exchanges include in their listing process.