December Update - Please read
Currently Dash is NOT listed on around 150 CoinMarketCap connected exchanges. Pursuing random listings will likely have little to no meaningful impact
when trying to significantly increase daily trading volume
This proposal both continues funding the tool and the resources needed to use that tool to pursue exchange listings.
The best way we can show you the benefit of this is to get you to look at the Average volume per Trading Pair
which is Column E in the spreadsheet. This is the Overall Daily Volume
of an exchange divided by the Number of all the
. This figure gives us a representative example for the volume Dash could achieve on that exchange.
If we filter to include just the exchanges that DONT currently list Dash and sort by Average Volume per Trading Pair then we can an opportunity to increase Dash Daily Trading
by over $100million
by just getting it listed on 10-20 more key exchanges - for context this is a 100% increase against current 24hr volume.
The Bottom Line
Getting Dash listed on more exchanges in a strategic way like this will open the gates for a huge influx of capital into Dash, whilst also increasing Dash distribution, liquidity, on-ramps, geographic coverage and much more.
This proposal follows our previous, successful proposal to bring to production a tool to make approaching exchanges more strategic and more aligned. The Dash Exchange Tool
is now live and fully functional however the data is slightly out of date due to our API license expiring (this proposal will fix that).
Our team have tested it, as have several key members in the community. The goal of the tool is to make it easy to identify exchange opportunities (additional pairs, or a completely new listing for Dash) and to make it easy to identify loss in pairs, de-listing or serious decline in trading volume. By improving our market activity and market coverage we are accessible to more traders and new potential Dashers and have additional liquidity which provides benefits in lots of different areas.
There are around 200 exchanges listed on the CoinMarketCap API, Dash is not listed on 123 of them. To put this into context, ETH has 400+ pairs listed on the CMC API, LTC has 400+, BCH has over 300... Dash has less than 200.
Direct outreach to exchanges to pursue new listings and new pairs, focused on the highest value opportunities by using a tool that identifies these opportunities and tracks progress towards listing (for the business heads out their, you can think of it as a CRM, where the customer is an exchange!).
This will result in:
- More Dash exchanges
- More Dash pairs
- Increased market volume
- More fiat on-ramps
- More crypto-dash on-ramps
- Greater fee competition
- Increased geographic coverage
- Greater Dash liquidity
The CMC API access level we require costs $299/month. This proposal covers 1 month API licensing and 2 months of pursuing exchanges.
Thank you for looking and we appreciate your support.
Please note: Some of the data on the tool is now out of date due to our CMC license expiring, this proposal will resolve this.