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# Listing of $REL on Coinstore Exchange This is a proposal for a listing on Coinstore Exchange which is a crypto exchange based in Singapore. It was founded in 2020 and serves 1.5 million registered users across 175 countries. According to coingecko it has daily volumes in excess of $100 million USD and a trust score rating of 8. (https://www.coingecko.com/en/exchanges/coinstore). The proposal is for a basic listing that costs **$10000 USDT** and provides the following if required: - 1 trading pair from either USDT/BTC/ETH/BNB - 1-3 Market Making accounts - Marketing support in the form of Web/App Banners (Max 1.5 million Registered Users/50k daily active users. AMA/Airdrops and trading competitions. - Social media in the form of project information/Intros
listing events and event reminders - Affiliate account allowing a percent of trading fees from user sign-up via Relevant Should this proposal pass we can then move forward to discussing in detail what we require from these services and payment terms
before a final proposal to request funds from the Relevant DAO. **Possible benefits** of this listing would be greater presence in those markets which will hopefully drive more users to Relevant and raise it’s profile. Its is hoped it will also provide greater liquidity for $REL facilitating better price discovery. **Possible negative** effects are downward pressure on the price of $REL as DAO treasury would have to liquidate a significant amount of $REL to raise $10000 USDT should we have to pay up-front in full and with only USDT.