XIP #20: Vote to List XBG on Hyperliquid
Summary
XBorg announces XIP #20 proposing to list XBG on Hyperliquid via an auction and to allocate budget to secure the XBG ticker. The plan targets Q1 2025, includes bridging XBG to Hyperliquid, and highlights limited spot listings and non-dilutive exposure. Community voting will decide participation to boost trading and reach.
XIP #20: Hyperliquid Listing 📩
This proposal suggests listing XBG on Hyperliquid's spot market to increase trading volume and exposure to a new audience of investors. The listing process involves an auction mechanism, and the proposal aims to allocate a budget to participate in the auction and acquire the XBG ticker.
- Hyperliquid is a leading on-chain exchange with significant growth metrics and industry presence.
- Spot listings are limited to 282 annually, making them scarce and non-dilutive.
- The proposal aims to secure the XBG ticker in Q1 2025 and bridge XBG to Hyperliquid.
- Listing on Hyperliquid does not negatively affect future XBG listings on Tier 1 exchanges. Higher trading volume will ease negotiations.
:point_right: Read the full proposal and vote here.
:point_right: Read Lou's (our CEO) insights.
Voting starts on: December 19, 2024 02:00 PM (December 19, 2024)
Ends on: December 20, 2024 02:00 PM (December 20, 2024)
