to get Ergo listed on Kraken. Example Twitter post might read:
KRAKEN LISTING-FEE FUNDRAISER!
1) We are attempting to get Erg listed on Kraken
2) We need $500k to achieve this
3) We believe the listing will bring exponential liquidity and growth to Ergo
4) So we're using a crowdfunding mechanism
5) Are you willing to donate 1% (or less) of your Ergo to fulfill the mission?
6) Click here to learn more and donate
[cannon_q] You can throw this into a ergo raffle now... really easy on chain way to do this. Are you asking for marketing support or ? Have you negotiated the $0.5M with Kraken? Whats the MM requirements and daily volume requirements they provided?
Asking for marketing support yes ! Zero negotiations have taken place with Kraken. 500k just placeholder. Anyone in marketing who can consider this much appreciated !
Listing on top tiers CEXes is not about money. The need to see a big volume. That's why meme coins are listed in 1 day. Especially if it's a token in Eth
Maybe the crowd fund story might sway them... shows strong community. I think it'd be a first too
yes. helping with marketing it’s must be. i think it’s in intrest for every ergo holder so we have to reach them. 1% it’s not that much when we consider profits of listing on reliable ces which is on US market. we have lost that
We don't meet trading volume or liquidity depth requirements. A better fundraiser is to pay for a market maker company to increase liquidity and trading volume.
Good start will also donate
Thanks for responding man. Is it worth a go tho? Maybe theres a contact at kraken who can grease the wheels for Ergo and help out a bit. Kind of wondering whether a 'just do it' approach might yield some interesting results. Have you been in contact with Kraken before ? I understand you may have and all this chat and enthusiasm might be one big dead end in your mind. But stranger things have happened..and we are wondering whether an approach and conversation with the right person might be worth pushing for. The market maker crowd funder..that's also interesting. And perhaps that could be part of the funding effort from the Ergo community. If this is annoying to you and you're just seeing the same old road blocks...feel free to say that. Getting a read on where you're at would be good. We can think of a plan b if that's better. I will say that a few of us are willing to do some work to push a crowd funder through the necessary hoops and see what happens! Thanks again
100% agree, this shud have been done years ago
as @Olliekay mentioned, it may seem like an old famous story, but maybe it's worth a try, maybe circumstances have changed a bit this time. as I mentioned earlier, it's hard for me to believe that all Kraken projects meet all the requirements. things have changed a bit for us too, we have lost easy access to the US market, we can sell information about Rosen which is a great technology, it just needs time to be noticed, great team, community. maybe, as it was mentioned, it's a matter of reaching the right person from the kraken, Or maybe it's all a pipe dream, but isn't it worth a try? If we manage to collect the amount needed for the kraken, we may be able to collect the amount for the maket maker in the same throw.
I think taking action is better than inaction. I also think actions will be more effective if we focus them on something with a more certain chance of results. The Sigs just had a meeting with a market maker company. They're putting together a report that will be released soon. Basically, you can pay a company to provide certain liquidity depth and volume. This is crucial for more exchange listings. Even if we get a T1 US exchange listing, they can delist us if Ergo doesn't maintain enough trading volume. So I think it's best to focus on boosting those metrics.
You could buy Ergo merch like t-shirts and hats or metal coins with the Ergo logo and send them to the Kraken CEO. Hahaha, might have some effect. I mean they already now who we are, but we just don't meet their metrics from what I've heard in various Ergo group chats.
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