Request Fund for Ramp.Network Listing [POLL ADDED] : PAUSED

Author: @qomarcrypto , @BigSky7
Reviewed: @DarkForestCapital

Context

BDWG team has been in contact with Ramp since April 2021 for a potential DPI listing arrangement with their platform. Ramp is a crypto-ramp network that supports well over 170+ countries with multiple ways of buying crypto (namely bank transfers and card payments). Progress has been made with them and we’re one step closer in getting this arrangement done.

However, the Ramp listing requires the protocol to cover the following

  • Legal fees for non-security letters(EUR 30K)
    • Note this is a Lichtenstein non-security letter and covers a different jurisdiction than our previous letter from Dentons in Singapore

Benefits

BDWG team believes that listing DPI on Ramp is in line with the Index Coop mission of making crypto easy and accessible for everyone. This also gives the necessary exposure for retail investors and even an option for institutional investors as an on-ramp platform for them to purchase our product. Lastly, with a successful listing of DPI on Ramp, it would definitely open doors for Index Coop’s other products to be listed.

Proposal

Currently BDWG team multi-sig wallet doesn’t have enough budget to proceed with this listing, details are as follows;

  • Requesting Funding Council , $37K USDC to be sent to BDWG Multi-Sig Wallet (0x30e61339dC077600131E7B2B0975B291e2042039)
  • 100% goes to the listing fee (0 to contributors rewards)
  • Simon Judd (@BigSky7) will clear all payments relating to the listing fees.

Tagging Funding Council for visibility : @DarkForestCapital @dylan @gregdocter @Pepperoni_Joe

UPDATE 1 - Pre Poll

FOR

Fund BDWG with an extra $37k USDC to pursue the non-security letter.

AGAINST

Do not fund this initiative.

UPDATE 2 - Poll Added

  • FOR || Fund BDWG with an extra $37k USDC to pursue the non-security letter.
  • AGAINST || Do not fund this initiative.

0 voters

UPDATE 3 - PAUSED

Request Funding for Ramp.Network Listing is PAUSE for now. After discussion with @fallow8 , @oneski22 and @BigSky7.

5 Likes

Poll Added closes in 5 days from now.

Seems like a good use of funds, am interested to know what else having this letter opens up to us? I assume there are other partnerships that this will enable in Europe?

Can you confirm that this would be at no extra cost?

Adding some context: 37,000 USDC is over current exchange rates, we are building a buffer to make sure that we can pay the 30,000 EUR on day of execution as ForEx rates are variable. All additional funds will be returned to Treasury/Operations account.

UPDATE:

Request Funding for Ramp.Network Listing is PAUSE for now. After discussion with @fallow8 , @oneski22 and @BigSky7.

Apologies for this.

2 Likes