[RFC] Improve the Status of the Mendi Token

I am very happy that this draft has been prepared and this is a very good idea and it helps the society. Listing in the big exchanges is a very good thing. :heart_eyes:

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Hello mendi team. As a holder who didn’t even stake the token so as not to inflate the token, I expect you to think about the price of the token. Because of your wrong actions, the token has completely reached the price floor and if this procedure continues, we will no longer want to hold. Yes! You should think about listing the token in the exchanges and attracting new holders. This amount of reward will cause the price of the token to dump more and more. You need to plan for advertising. You should not give the reward stick to users with such a large volume. I was really shocked by your performance
This is not good at all ! The chart token looks like a scam token that has been rigged by the team🥴

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If that happens, there is a glimmer of hope and I can spend more money on Mendi

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As a member of the community, I expect the token to be listed in some good exchanges and this situation will turn out , you disappointed everyone by making the token worthless.

This offer must be done. This project claims to be the largest DEFI of the Lina network, but it has no plans for its token. We have been waiting for it to be listed on the exchange for several months, and you are not doing anything.

How would staking inflate the token? staking rewards are not all buybacks generated from protocol revenue, it literally has 0 inflation.

I dont fully understand what type of advertising plan are you looking for? We are doing a lot of marketing, total budget for it is quite high from core team bootstrapped funds, because it is not from tokenomics funds its not public.

We are sticking to the original emissions schedule, which means that there were no 12 million increase in supply within 2 months.

Coingecko removes staking from circulating supply which increases fluctuation. I will discuss with Coingecko if they would consider counting staking in circulating supply to prevent confusion within investors and community.

“I am a holder of 110,000 Mendi and I agree with this plan. Additionally, I believe that including a percentage for token burning can have a very positive impact on the token.”

I am a Mendi holder and staked 277 mendi and I agree with all your decisions
#Mendi_to_the_moon :full_moon:

Well, what is your suggestion, let’s wait for the price to reach zero! Why don’t you look at the clip$ cryptocurrency, which has increased ten times its price with the listing on the mex exchange, why are you resisting the listing on the exchange?

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Good job.I’m pretty sure you’re doing well.

As an investor and holder, I agree with this proposal and the policy of the project should be changed and more importance should be given to the $MENDI token and its value. In my opinion, the project needs to attract capital and be listed in the exchanges in order to increase the daily volume and marketcap. Please listen us.
many thanks

agree with you, but all of us believe on this project
$MENDI to the moon

CEX listing does not equal sustained success. I think this entire proposal is hugely biased towards this flawed idea.

Cutting revenue sharing by half will also cut staking APR by half. That sounds like a major Conflict of Interest to stakers like yourself, myself and many others. How many will leave and dump after this happens?

Massive whales are on CEXs. For such a small cap token of just $1.2mil mcap its so easy for bad players to come in and make pump/dump schemes. No one wants to get played like that. Mendi is not in an ideal phase to make this step.

Community is important, but lots of loud angry voices does not mean that they are saying the right/effective thing. Overall a no from me.

90M TVL $MENDI should have at least 50M marketcap not 1M mc
I agree with proposal

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Hi …
Remarkable points can be found in this proposal for the true values ​​of defi and the more accurate use of governance tokens…
I hope it will be arranged and implemented soon.
thanks for that…

We want you to pay more attention to the $MENDI token and its price. For example, listing in the tier1 exchange

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  1. How would the Mendi token absorb the potential sell pressure coming from decreasing the staking rewards by 50%?

    • The sell pressure from stakers will be negligible if this proposal passes the DAO vote, as they are hopeful about the price increase and the success of the proposal they voted for. Additionally, by allocating 50% of the protocol’s income for listing on tier 1 exchanges and content campaigns, new demand for the Mendi token will be created, which can absorb the sell pressure. Listing on reputable exchanges increases liquidity and access to new investors, and content campaigns can attract more attention to the project.
  2. Would a CEX listing bring in enough buy pressure to offset sell pressure coming from stakers?

    • Yes, but not from a low-quality CEX. As mentioned, the sell pressure will be negligible. Additionally, listing on tier 1 exchanges can create significant buy pressure. These exchanges have many active users and high liquidity, which can help attract new investors.
  3. What is the sustained buy pressure coming from a CEX listing?

    • Sustained buy pressure depends on the project’s performance, continuous updates, and consistent user acquisition. Listing on a reputable exchange can be a good starting point, but it should be accompanied by ongoing marketing efforts and project development.
  4. What are tier-1 exchanges?

    • List of tier 1 exchanges:
      • Binance
      • Coinbase
      • Kraken
      • Huobi Global
      • OKX (OKEx)
      • Bitfinex
      • KuCoin
      • Gemini
      • Bybit
      • Bitstamp
      • http://Crypto.com
      • Bittrex
      • http://Gate.io
        Some of them may not accept our listing, which is natural, and we can disregard them. We can start with the more affordable CEXs on the list.
  5. How long would the revenue be redirected from stakers to this initiative? How long will it take to list on all the tier-1 CEXs?

    • The income will continue to be redirected until we are listed on all tier 1 exchanges (excluding those that do not accept our listing). The duration depends on negotiations and the conditions of each exchange. Additionally, Mendi’s income will significantly influence the pace of listing. Increasing TVL can accelerate the listing process.
  6. Why is it better than doing a small-scale private sale from the protocol growth token allocation to support one listing?

    • A private sale can quickly raise funds but might create more sell pressure. Conversely, allocating part of the protocol’s income for listing and marketing campaigns can create more sustainable and long-term demand.
  7. Which content creators would be rewarded and by what metric? Who would decide how to allocate the marketing budget for content creators?

    • Content creators who can positively impact the project and attract more attention to Mendi will be rewarded. Criteria may include views, user interactions, content quality, and impact. This can easily be done by creating campaigns on Twitter. Activities like price prediction contests for Mendi or future TVL can also attract users and keep discussions about Mendi active.
    • The marketing team or a specialist in marketing and advertising will be responsible for executing campaigns and allocating the budget. The cost of hiring this individual can be covered from the same 10%, as the ultimate goal is high-quality marketing.
  8. What is the budget allocated for listing? Additionally, Market Makers are required to list on Centralized Exchanges, which is an additional cost. Does it come from the listing budget or other sources? Who allocates the necessary USD side for market making?

    • Each CEX has different listing costs that need to be negotiated. However, in general, 40% of the protocol’s 50% income is allocated for listing costs. This amount should be sufficient to cover the costs of listing on several reputable exchanges. I believe that with around $100k, we can start listing on Bybit and KuCoin. This amount can be collected in less than a month.
    • The Mendi team responsible for the listing will handle this, and the financial resources can be taken from the 40% allocated for listing.
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Thank you for the complete explanations that you gave in this regard. And I think that with these explanations that you gave, there will be no problems or dark spots in this work.

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