Dear HydraDX community,

This discussion, initiated by the Chinese community, is about the listing of HDX on more CEXs.

Since the launch of HydraDX Omnipool, through the unremitting efforts of the team, treasury assets of multiple parachains have been added to the liquidity of HydraDX, which is worth celebrating! The community supports the business logic of the team’s “Hydration Your Truancy” and appreciates the positioning of “HydraDX to become the head DEX of the Polkadot ecosystem”.

The community believes that the success of a project, in addition to its core competitiveness - security, technological advancement and stable code delivery, listing on more CEXs is also a key factor, because listing on CEX has the following benefits:

1. Conducive to increasing market popularity and price stability: Compared with decentralized exchanges (DEX), centralized exchanges (CEX) have higher trading volume and stronger liquidity. This also means that more buyers and sellers will participate, which will help increase market popularity and price stability.
2. Able to attract more new users: The user groups of centralized exchanges tend to be larger and more diversified, which helps expand the scope of influence of tokens. In addition, centralized exchanges generally provide a more friendly user interface, making it easier for novice users to participate and easier to get started, thus attracting more new users.
3. Improve market recognition of tokens: Listing a token on a well-known centralized exchange can enhance its reputation and credibility, increase the market visibility of the token, and increase market recognition of it.

In order to prepare for the upcoming bull market, further expand the popularity of HydraDX, introduce new players in China, and consider the current situation of HydraDX, after voting by the Chinese community and full discussion, the following consensus was reached:

1. Listing HDX on well-known CEXs is a key measure to expand visibility and introduce new liquidity.
2. HDX pays first to list second-tier CEX, and then lists first-tier CEX when conditions are met.
3. Before June next year, HDX should be listed on the following second-tier CEXs: MEXC, Gate.io, and KuCoin.
4. Listing fees will be paid by the treasury through the “one CEX one referendum” decision-making method.

Based on the following advantages, the Chinese community proposes to list HDX on MEXC first:

1. High Trading Volume and Extensive Cryptocurrency Selection: MEXC boasts a significant daily trading volume, which was approximately $1.56 billion as per the latest data. This high volume indicates a robust and active trading environment. Additionally, MEXC supports a vast array of over 1,600 cryptocurrencies, providing a wide spectrum of trading options for users. This extensive selection allows traders to diversify their portfolios and access a broad range of market opportunities​​​​.
2. Zero Trading Fees and High Liquidity: MEXC has eliminated trading fees, making it a highly competitive choice for traders. Spot trading is completely free. This approach encourages liquidity and is especially beneficial for high-frequency traders and those who trade large volumes​​.
3. Non-KYC (Know Your Customer) Policy and Global Accessibility: KYC verification isn’t compulsory for all MEXC users, which allows users to trade while maintaining their privacy and anonymity. This feature is particularly advantageous for retail traders who prioritize privacy. For instance, an unverified user can withdraw up to 30 BTC daily, whereas Primary and Advanced KYC allow for withdrawals of 80 BTC and 200 BTC respectively.
4. Competitive Listing Fees: MEXC is known for its competitive listing fees, particularly in comparison to other exchanges in its tier.

Currently, the Chinese community has obtained MEXC’s listing fee data. There are two types of listing activity packages (kickstarter/launchpad) submitted by MEXC (the commercial price is determined by negotiation between the HydraDX team and MEXC):

[kickstarter]

1. For Kickstarter campaign, it will run only 1 day prior to the listing. If the listing date is December 5th, the announcement date will be December 4th.
2. Token Allocation
3. Listing Fee: 10,000 USDT
4. The reward for the Kickstarter campaign: 20,000 USDT & $30,000 worth of HDX.
5. Market makers funds: 30,000 USDT + $30,000 worth of HDX.

The funds need to be deposited into HydraDX's own market-making (MM) account at MEXC before HDX is officially listed for operation by market makers (MM account can be managed by HydraDX itself or entrusted to a market maker partner.), and can be withdrawn 1 month after listing.

Some links:

1. Kickstarter Event page: https://www.mexc.com/sun/assessment
2. Kickstarter Event FAQ: https://www.mexc.com/support/articles/4404916192281
3. Example announcement: https://www.mexc.com/en-US/support/articles/17827791511280

[launchpad]

1. For Launchpad campaign, it will run 5 days prior to the listing. If the listing date is December 5th, the announcement date will be November 30th.
2. Reward Allocation
3. The reward for the Launchpad campaign: 50,000 USDT & $50,000 worth of HDX.
4. The reward for Twitter Giveaways and Quiz: $10,000 worth of HDX
5. Market makers funds: 30,000 USDT + $30,000 worth of HDX.

The funds need to be deposited into HydraDX's own market-making (MM) account at MEXC before HDX is officially listed for operation by market makers (MM account can be managed by HydraDX itself or entrusted to a market maker partner.), and can be withdrawn 1 month after listing.

Some links:

1. Launchpad Event page: https://www.mexc.com/launchpads/assessment
2. Launchpad Event FAQ: https://www.mexc.com/support/articles/16697241995161
3. Example announcement: https://www.mexc.com/en-US/support/articles/17827791509999

MEXC information

1. Website: https://www.mexc.com/
2. CMC website: https://coinmarketcap.com/zh/exchanges/mexc/
3. Listed BD Contact: TG: @Pablo_MEXC (https://t.me/Pablo_MEXC)
4. BD official identity verification link: https://www.mexc.com/official-verify

In order to expand consensus, we are now soliciting opinions from the global community on the following issues:

1. Do you support HydraDX’s paid listing on more CEXs?
2. What do you think are the principles for HDX to be listed on CEX?
3. From your perspective, which CEX would you recommend HDX to be listed on?
4. Before June next year, at least how many CEXs do you suggest HDX should be listed on?
5. Of the two packages provided by MEXC, which one do you prefer?
6. Other ideas or suggestions.

Sincerely hope to receive your feedback!