[PROPOSAL] Graviex Listing

Community Governance Pre-Proposal Discussion
#1

Hereby I would like to put a proposal up to vote about listing the project on Graviex. Getting listed on Graviex would have two consequenses: (1) We would get listed on WhatToMine as well. This project can really use some independent miners/hash, (2) We would have 3 exchanges in total and thus CMC will have enough data to show proper statistics such as circulating supply. Again increasing our visibility in the crypto sphere.

Everyone that contributes to the listing fee of 0.35 BTC will be reimbursed by their relative contribution paid out in DVT. They will be reimbursed in DVT at a static price of 1 DVT = 20 sats (current price = 11 sats).

In total this would mean the current cost of this listing = 0.35 / 0.00000011 = 3,181,818.182 + 10 = 3,181,818.182 $DVT. However, we seem to have found consensus on the reimbursement price of 20 sats for 1 DVT. Meaning the cost of this listing for the community will be = 0.35 / 0.00000020 = 1,750,000 $DVT

If we look at the ask book on SouthXchange we see the following;

SUM DVT SIZE ORDER BTC PRICE ORDER BTC SUM BTC

32574.213 32574.213 0.00000014 0.004560390 0.004560390

34203.889 1629.676 0.00000015 0.000244451 0.004804841

47669.822 13465.933 0.00000016 0.002154549 0.006959391

51493.539 3823.717 0.00000017 0.000650032 0.007609422

67114.099 15620.56 0.00000018 0.002811701 0.010421123

94819.079 27704.98 0.00000019 0.005263946 0.015685069

216380.629 121561.55 0.0000002 0.024312310 0.039997379

260503.324 44122.695 0.00000022 0.009706993 0.049704372

404558.514 144055.19 0.00000023 0.033132694 0.082837066

415558.514 11000 0.00000024 0.002640000 0.085477066

422491.882 6933.368 0.00000026 0.001802676 0.087279742

428748.857 6256.975 0.00000028 0.001751953 0.089031695

435938.857 7190 0.00000029 0.002085100 0.091116795

462782.529 26843.672 0.0000003 0.008053102 0.099169896

484085.23 21302.701 0.00000032 0.006816864 0.105986761

502368.845 18283.615 0.00000033 0.006033593 0.112020354

677219.177 174850.332 0.00000034 0.059449113 0.171469466

677249.177 30 0.00000035 0.000010500 0.171479966

677567.232 318.055 0.00000036 0.000114500 0.171594466

678313.227 745.995 0.00000038 0.000283478 0.171877944

678340.566 27.339 0.00000039 0.000010662 0.171888607

678570.566 230 0.0000004 0.000092000 0.171980607

679710.964 1140.398 0.00000042 0.000478967 0.172459574

679758.407 47.443 0.00000043 0.000020400 0.172479974

680493.238 734.831 0.00000045 0.000330674 0.172810648

682193.238 1700 0.00000048 0.000816000 0.173626648

683193.238 1000 0.00000049 0.000490000 0.174116648

836982.834 153789.596 0.0000005 0.076894798 0.251011446

837282.834 300 0.00000061 0.000183000 0.251194446

837341.115 58.281 0.00000062 0.000036134 0.251230580

837541.115 200 0.00000064 0.000128000 0.251358580

837741.115 200 0.00000065 0.000130000 0.251488580

838621.921 880.806 0.00000067 0.000590140 0.252078720

840286.22 1664.299 0.00000068 0.001131723 0.253210444

859386.22 19100 0.00000069 0.013179000 0.266389444

859586.22 200 0.0000007 0.000140000 0.266529444

859634.236 48.016 0.00000072 0.000034572 0.266564015

859834.236 200 0.00000073 0.000146000 0.266710015

860123.902 289.666 0.00000074 0.000214353 0.266924368

864323.902 4200 0.00000075 0.003150000 0.270074368

864361.768 37.866 0.00000076 0.000028778 0.270103146

864561.768 200 0.00000077 0.000154000 0.270257146

864835.608 273.84 0.00000078 0.000213595 0.270470741

866221.589 1385.981 0.00000079 0.001094925 0.271565666

866550.715 329.126 0.0000008 0.000263301 0.271828967

868852.22 2301.505 0.00000081 0.001864219 0.273693186

869111.992 259.772 0.00000082 0.000213013 0.273906199

877272.693 8160.701 0.00000083 0.006773382 0.280679581

877942.247 669.554 0.00000089 0.000595903 0.281275484

881139.643 3197.396 0.0000009 0.002877656 0.284153141

881539.643 400 0.00000092 0.000368000 0.284521141

883961.186 2421.543 0.00000095 0.002300466 0.286821606

884352.892 391.706 0.00000098 0.000383872 0.287205478

885623.982 1271.09 0.00000099 0.001258379 0.288463857

886345.172 721.19 0.000001 0.000721190 0.289185047

886390.383 45.211 0.00000102 0.000046115 0.289231163

886567.061 176.678 0.00000103 0.000181978 0.289413141

886734.122 167.061 0.00000104 0.000173743 0.289586884

886749.122 15 0.00000114 0.000017100 0.289603984

886794.122 45 0.00000115 0.000051750 0.289655734

886924.276 130.154 0.00000116 0.000150979 0.289806713

887154.43 230.154 0.00000117 0.000269280 0.290075993

888001.108 846.678 0.00000118 0.000999080 0.291075073

889092.922 1091.814 0.00000119 0.001299259 0.292374332

889107.922 15 0.0000012 0.000018000 0.292392332

889207.922 100 0.00000121 0.000121000 0.292513332

890407.922 1200 0.00000124 0.001488000 0.294001332

890707.922 300 0.00000148 0.000444000 0.294445332

891798.27 1090.348 0.00000149 0.001624619 0.296069950

892798.27 1000 0.0000015 0.001500000 0.297569950

892848.27 50 0.0000019 0.000095000 0.297664950

892898.27 50 0.00000191 0.000095500 0.297760450

893898.27 1000 0.00000195 0.001950000 0.299710450

894098.27 200 0.00000198 0.000396000 0.300106450

895297.862 1199.592 0.00000199 0.002387188 0.302493639

901226.968 5929.106 0.000002 0.011858212 0.314351851

901326.968 100 0.00000204 0.000204000 0.314555851

901376.968 50 0.00000205 0.000102500 0.314658351

901943.811 566.843 0.00000247 0.001400102 0.316058453

902945.811 1002 0.00000248 0.002484960 0.318543413

903587.398 641.587 0.00000298 0.001911929 0.320455342

904687.063 1099.665 0.00000299 0.003287998 0.323743340

904887.063 200 0.00000498 0.000996000 0.324739340

905087.063 200 0.00000499 0.000998000 0.325737340

931585.063 26498 0.000005 0.132490000 0.458227340

0.35 BTC = 905087.063 + 4852.532 = 909939.595 DVT

average sats = 38

As you can see currently with 0.35 BTC one would be able to buy 909939.595 coins. Which would average out on 38 sats = 1 DVT. Current price is 11 sats. I presume a fair reimbursement price is 20 sats. Why? a) It would be possible with 0.35 btc to put a lower bidding price than just market buy up to 38 sats and b) It would be possible to mine to get a lower average.

We will be using a clean BTC address to send the contribution to, which will be:

1HjTpSFV9jJTXtjiLSwMEa5itPoQLBdcA5.

The payment address for this proposal is:

devault:qznr73htjfzv7spph7n6c9uquk57seyqcqtg7nalra

As of now 5 DAO members have pledged to contribute to this listing fee ( @Decentralizd , @Bill , @fiatluxx , @RUDEMUDCRAB and me @Lex . The entire community has been asked via multiple media outlets if they wish to contribute. Nobody outside of the DAO members have replied wishing to contribute.

The reimbursement addresses for this proposal are the following:

devault:qqh56ulkpsf9ycul9vxr6sgy4pgvysfh6ug9h379me

devault:qzne779puh7qqmmgq24swcu75zfxw0msyu3mueyzr9

devault:qrxaf80jjlug5mll25ceued0juuurtg5qyr73s3c0v

devault:qp5nyryvqp3umvae8fkmuh0zf48mu5sdegn6zayfur

devault:qz6qz0h0wtxfgnf80pv47d2fdxv7nzqudchnegjk67

We will also publish the address Graviex will send us to pay for the listing. And everybody that is reimbursed in DVT for their contribution will be asked to make their payment address (BTC) known as well as their reimbursement address (DVT).

  • Disclaimer: I am a Marketing-DAO member and I have already been paid for my duties since last superblock. Therefore I have already received coins for my work in contacting 3rd parties. Therefore I do not wish to add a personal salary for myself, nor for the ones pledging to contribute at this moment.
2 Likes
Current List of DeVault Proposals
#2

The issue I would have with this is the amount of DVT it would cost with current price. around 2 million is quite a lot. Considering the community budget next superblock will be around 6, 6.5 million in total? That’s a huge chunk. How do you feel about this? The fact remains that if one was to buy 2 million DVT right now it would be impossible to do so without significantly raising the price relative to the current 17 sats. So wouldn’t it be more fair to raise the reimbursement price of 1 DVT a bit?

#3

Nice, @Lex I love the detail! This proposal is open to everyone correct?

#4

I’d like to propose we do the math for this at 30 SATS atleast to compensate for the obvious pump in value that comes with this listing + whattomine…

Just a thought.

1 Like
#5

correct. I should mention this

#6

I would be ok with that, seems fair and reasonable.

#7

I mean 20-30 would be more reasonable than say 15-17 IMO is all I was getting it.

2 Likes
#8

I’d be cool with that.:ok_hand:

#9

for the sake of transparency I have copied the order book from SouthXchange.

Sum DVT Size Price BTC SUM BTC
2926.878 2926.878 0.00000019 0.000556107 0.000556107
34182.629 31255.751 0.0000002 0.00625115 0.006807257
144655.437 110472.808 0.00000021 0.02319929 0.030006547
223482.638 78827.201 0.00000022 0.017341984 0.047348531
227497.623 4014.985 0.00000023 0.000923447 0.048271977
240642.269 13144.646 0.00000024 0.003154715 0.051426693
261452.403 20810.134 0.00000026 0.005410635 0.056837327
263260.526 1808.123 0.00000027 0.000488193 0.057325521
269443.575 6183.049 0.00000028 0.001731254 0.059056774
487957.462 218513.887 0.00000029 0.063369027 0.122425802
514801.134 26843.672 0.0000003 0.008053102 0.130478903
536103.835 21302.701 0.00000032 0.006816864 0.137295767
554387.45 18283.615 0.00000033 0.006033593 0.14332936
729237.782 174850.332 0.00000034 0.059449113 0.202778473
729467.782 230 0.00000035 0.0000805 0.202858973
729785.837 318.055 0.00000036 0.0001145 0.202973473
730731.832 945.995 0.00000038 0.000359478 0.203332951
730759.171 27.339 0.00000039 1.06622E-05 0.203343613
730989.171 230 0.0000004 0.000092 0.203435613
732129.569 1140.398 0.00000042 0.000478967 0.203914581
732177.012 47.443 0.00000043 2.04005E-05 0.203934981
732911.843 734.831 0.00000045 0.000330674 0.204265655
734611.843 1700 0.00000048 0.000816 0.205081655
735611.843 1000 0.00000049 0.00049 0.205571655
735816.039 204.196 0.0000005 0.000102098 0.205673753
736116.039 300 0.00000061 0.000183 0.205856753
736174.32 58.281 0.00000062 3.61342E-05 0.205892887
736374.32 200 0.00000065 0.00013 0.206022887
736846.506 472.186 0.00000066 0.000311643 0.20633453
738510.805 1664.299 0.00000068 0.001131723 0.207466253
757695.499 19184.694 0.00000069 0.013237439 0.220703692
757895.499 200 0.0000007 0.00014 0.220843692
758092.164 196.665 0.00000071 0.000139632 0.220983324
758130.873 38.709 0.00000072 2.78705E-05 0.221011195
758457.296 326.423 0.00000073 0.000238289 0.221249484
758493.251 35.955 0.00000074 2.66067E-05 0.22127609
762815.823 4322.572 0.00000075 0.003241929 0.224518019
762849.219 33.396 0.00000076 2.5381E-05 0.2245434
763168.174 318.955 0.00000077 0.000245595 0.224788996
763199.188 31.014 0.00000078 2.41909E-05 0.224813186
764700.72 1501.532 0.00000079 0.00118621 0.225999397
765029.514 328.794 0.0000008 0.000263035 0.226262432
767443.361 2413.847 0.00000081 0.001955216 0.228217648
767470.083 26.722 0.00000082 2.1912E-05 0.22823956
775630.784 8160.701 0.00000083 0.006773382 0.235012942
776359.452 728.668 0.00000088 0.000641228 0.23565417
779556.848 3197.396 0.0000009 0.002877656 0.238531826
779956.848 400 0.00000092 0.000368 0.238899826
782378.391 2421.543 0.00000095 0.002300466 0.241200292
782676.344 297.953 0.00000097 0.000289014 0.241489306
783947.434 1271.09 0.00000099 0.001258379 0.242747686
784668.624 721.19 0.000001 0.00072119 0.243468876
784770.576 101.952 0.00000101 0.000102972 0.243571847
784826.246 55.67 0.00000102 5.67834E-05 0.24362863
784988.98 162.734 0.00000103 0.000167616 0.243796246
785156.041 167.061 0.00000104 0.000173743 0.24396999
785171.041 15 0.00000113 0.00001695 0.24398694
785216.041 45 0.00000114 0.0000513 0.24403824
785361.195 145.154 0.00000115 0.000166927 0.244205167
785621.349 260.154 0.00000116 0.000301779 0.244506946
786041.365 420.016 0.00000117 0.000491419 0.244998364
786171.365 130 0.00000118 0.0001534 0.245151764
787263.179 1091.814 0.00000119 0.001299259 0.246451023
787278.179 15 0.0000012 0.000018 0.246469023
787378.179 100 0.00000121 0.000121 0.246590023
787527.437 149.258 0.00000123 0.000183587 0.24677361
788727.437 1200 0.00000124 0.001488 0.24826161
789027.437 300 0.00000147 0.000441 0.24870261
789850.665 823.228 0.00000148 0.001218377 0.249920988
790150.665 300 0.00000149 0.000447 0.250367988
791150.665 1000 0.0000015 0.0015 0.251867988
791200.665 50 0.00000189 0.0000945 0.251962488
791250.665 50 0.0000019 0.000095 0.252057488
791300.665 50 0.00000191 0.0000955 0.252152988
792300.665 1000 0.00000195 0.00195 0.254102988
792500.665 200 0.00000197 0.000394 0.254496988
792700.665 200 0.00000198 0.000396 0.254892988
793352.769 652.104 0.00000199 0.001297687 0.256190675
799281.875 5929.106 0.000002 0.011858212 0.268048887
799381.875 100 0.00000204 0.000204 0.268252887
799431.875 50 0.00000205 0.0001025 0.268355387
800433.875 1002 0.00000248 0.00248496 0.270840347
801533.54 1099.665 0.00000299 0.003287998 0.274128345
801733.54 200 0.00000497 0.000994 0.275122345
805399.642 3666.102 0.00000498 0.018257188 0.293379533
805599.642 200 0.00000499 0.000998 0.294377533
832097.642 26498 0.000005 0.13249 0.426867533

If one were to buy DVT right now, with 0.35 btc it would mean they would be able to buy 816,724 coins. This would mean an average price of 43 sats. However this would be market buying and it would be able to (a) put in a smaller offer and (b) mine coins to get a lower average. I think 30 sats is a fair reimbursement price.

2 Likes
#10

I enjoyed reading this, keep it up!

2 Likes
#11

This proposal has my full support. the 25-30 sats range is good. I will be voting yes on this proposal.

1 Like
#12

Seeing as some adjustments needed to be made to compensate for some people no longer supporting the proposal as well as the drop in price of DVT, I will be submitting an additional proposal to add another 50% of the coins to the proposal and bring the average SATS per DVT down from 20 to 14 in order to keep this proposal alive and continue moving forward without spending too much time waiting on proposals to pass and so on.

Will be live shortly.

1 Like
Current List of DeVault Proposals
#13

This is who has contributed and what they will be receiving out of budget when both proposals are done.

Contributor Amount Share Total Coins Coins to receive
Fiatluxx 0.175 49.97% 2500000 1249211.712
Bill 0.074 21.13% 2500000 528238.095
RUDEMUDCRAB 0.057 16.28% 2500000 406886.100
Lex 0.04422086 12.63% 2500000 315664.093
Total 0.35022086 100% 2500000
#14

This is how everything will be divided

image
image964×121 6.28 KB

1 Like
#15

All contributors have been paid out on the following addy’s:

Fiatluxx

devault:qre4g6tujx59xnl60wyu9s45j7ypjr99ayf93ex9dt

Bill

devault:qrnkx8c7wylzrhmnehh77vffa6awq0mfsufxp6myxu

RUDEMUDCRAB

devault:qqvs7nsslq8tw2h78qzpcc8cme2hyw8f5uvamrzt8d

Lex

devault:qztlk2hefw2pdl3gk3zvnddmz6fkwqw0wycelce804