This is a proposal to provide dual-side liquidity for the USD/NBT pair on CCEDK.
I am a known and active member of the community, having worked with both the NuBits team and the Peercoin community. I have successfully fulfilled a recent liquidity provider contract, proving my competence and abilities in this role.
If elected, I will deposit a USD equivalent of 4,000 NBT to CCEDK and operate a bot supplied by Nu to provide dual side liquidity. Under this proposal, I will let the funds trade between the buy and sell side of the USD/NBT currency pair for a period of 30 days. In exchange for this service, I request a fee of 900 NBT after services are rendered. At any time during the 30 days, I reserve the right to rescind this agreement, which would release the obligation of shareholders to pay any of the associated fee.
After services are rendered in accordance with this motion, shareholders are obligated to pass the associated custodial grant proposal in order to render payment.
Amount: 900 NBT
A few thoughts:
- We have had no other proposals to bring new money to the NBT/USD on CCEDK, possibly due to the fact that this currency pair requires a wire transfer and AML/KYC documentation, which increases the barrier to entry. Adding new money as a backstop on this pair would improve the NuBits offering on that exchange.
- This proposal replaces a prior proposal, sharply reducing the associated fee.
If you would like to support this proposal, please vote for the following motion:
Motion hash: E8FA96475D4B2A919724A4ED206DC40B2A556BDA
Thank you for your support.