SpookySwap

This prop outlines a need for funding to list on a Tier 1 Centralized Exchange, and hire a market maker for it to enable deep liquidity.

$BOO is very nearly ready to be listed on a Tier 1 Centralized Exchange! However, there are some costs involved with the listing that the DAO will need to pay if the proposal passes. Also, as a requirement for listing, the CEX requires $500,000 worth of liquidity and as such we will need to hire a Market Maker to fulfill that obligation.

The breakdown of the funding request is as follows:

• A Mixture of upwards of $300,000 of BOO and USDT to be used for things such as marketing.
• The CEX requires $500,000 worth of liquidity as a mixture of BOO and USDT which will be met with the assistance of a market maker. The BOO and USDT mixture would be deposited into the Market Makers accounts.
• The Market Maker charges upwards of $10,000 a month, which would be a persistent recurring cost to the DAO, however they will also be able to help if/when we get listed on other Centralized exchanges without much added cost.
• Any PNL and/or trading fees incurred by the Market Maker would be covered by the DAO

The Market Maker we have chosen to hire is Kronos Research. They are a trusted partner of WOO Network, who Spooky is a partner with, as well.

Website: https://kronosresearch.com/

Note: Kronos Research does not attempt to influence market price in either direction.

Kronos Background: Kronos Research is a proprietary trading firm founded in 2018 that trades on average more than $5b USD per day across global platforms. In DeFi, Kronos Research is a leading designated market-maker on platforms like dYdX, Matcha, and ParaSwap. Kronos Research also incubated and is the sole market maker on WOO Network and WOO X.