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RE: Establish an Exchange Fund to Pursue an SPS listing on Binance

in #spsproposal3 months ago

Hi @soy-misterioso @clayboyn I propose not limiting the listing to just Binance, as they are exiting the North American markets, it is no longer as accessible as other exchanges. On top of that Binance and Coinbase have the most expensive listing fees by far and scrutinize projects much more than others. You can still get one or two Tier 1 and/or high Tier 2 exchanges for the same price or less of ONE Binance or Coinbase listing. I would recommend reserving exchange possibilities to the top 5 most accessible/useful exchanges.

1.) Binance
2.) OKX
3.) Coinbase
4.) HTX
5.) Kucoin

I personally think Kucoin is the best bang for your buck. It is very popular for both North American & Asian markets as apposed to Binance, OKX and HTX which are more Asian focused. Depending on the overall costs I would select Kucoin and one Asian dominant exchange like OKX or HTX. That provides broader access to users and covers our bases.

Bybit was excluded from the above list as it is primarily used for leverage trading.