Check the new thread with the finalized proposal:
This is a PROPOSAL, subject to discussion, approval and the green light from the team will be required.
Why more exchanges is better?
The argument for decentralization
The argument for adoption
The argument for appearance (wouldn’t trust a brand with 17 Twitter followers)
The argument for crypto-economics
The argument for liquidity
Binance and Coinbase
Up to 1m PNK
Major, reputable, well-established exchanges
Up to 0.5m PNK
Great report talking about washtrading and fake volumes: https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5574233-185408.pdf
Bitwise classifies the 10 exchanges as real volume exchanges or reference exchanges. The 10 exchanges include Binance, Bitfinex, bitFlyer, Bitstamp, Bittrex, Coinbase Pro, Gemini, itBit, Kraken and Poloniex.
Note that Binance and Coinbase are Tier 0, Bitfinex is already in place.
Up to 250k PNK
Other reputable exchanges with real users and real volume.
Notable wallets that support tokens, for example: Exodus, TrustWallet, Coinomi
Notable services such as Shapeshift, Changelly, Dharma, Compound
Up to 100k PNK
Less notable but still legit wallets and services.
Total budget $2m PNK
It is mostly for the community but I can imagine owners of the exchanges, wallets, services picking up some free PNK
If some shitty / fake / fraudulent exchange decides to list PNK - we can eat dogfood and run the Kleros court and decide if the bounty should be awarded.
Blockchain in principle is permissionless - if they want to list PNK, it’s their choice.
Support from Kleros team will be required.
The moment market is launched, there has to be some initial liquidity - the exchange should have enough PNK to fill the orders.
Those who will monitor PNK smart contract closely can make some assumptions.
I believe that exchanges have standard operating procedure - such as announcing it publicly and allowing order book to be created naturally.
(End Of Proposal)