Future Whitelist Proposal: Token (NXTT)

Community Chatroom (DISCUSSION)
2

Hi @mrkey,

Thanks for posting this proposal.

NXTT token address: not yet available, token launch expected early Q4 2021.

I don’t think that the Bancor DAO can vote on this proposal yet since the token has not launched. There is certain information that needs to be made available (e.g. platform audits, current token distribution, as well certain technical requirements) to us in order for the whitelisting process to proceed. You can read about all of them here.

With that said, I think the DAO tends to be a little cautious with whitelisting a newly launched token as price discovery might have not occurred yet. We do have some solutions in place that could potentially alleviate these concerns and might be worth looking into. E.g. we are looking to implement external IL protected pools which might of interest to your project, see:

  1. Proposal: Whitelist BBS with External IL Protection
  2. Proposal: Whitelist DAPP Network (DAPP) w/ 500k Co-Investment and External IL Protection
  3. DAPP Network Prepares to Bring External Impermanent Loss Protection to the Bancor Network | by DAPP Network | The DAPP Network Blog | Medium

There is also origin pools which might be launched as part of Bancor V3:

  • Origin Pools: A collateralized token launch system to support DeFi gems on the Bancor Network is in the final design stages. Origin pools are designed to offer an IL-protected liquidity solution to new token projects without exposing the protocol to excessively high risk.

Either of these options will provide a path to becoming a fully whitelisted token in the future.

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