Sept. 2018 Exchange Listing Fund Proposal (13,200 PHR)
This part of the budget will be dedicated to covering the costs of getting Phore listed on additional exchanges.
This proposal is consistent with the level we have allocated in previous months, about 30% of the overall Phore development budget, with the remainder going to the core team proposal that has already been approved.
This fund will continue to replenish our pool of funds so that we will be ready and able to take advantage of advantageous exchange listing opportunities.
We are targeting exchanges which are consistently among the highest in users, visits, and 24 hour volume, along with other criteria as the team conducts due diligence on exchanges. We are also always listening to community desires and feedback on exchanges Phore users would like to see Phore trading on in the future.
Liquidity and accessibility are key factors in Phore’s long term success. Now that the marketplace has been developed and is gaining traction and recognition, we want it to be easy for everyone to acquire Phore, and we want merchants to know they can exchange Phore as needed for other cryptocurrencies and fiat currencies. 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.