With our "Proposal for Reallocating a Part of Liquidity Funds from DEX to CEX," Dragon Arena aims to optimize liquidity utilization and embrace the potential offered by both decentralized exchanges (DEX) and centralized exchanges (CEX).

In our whitepaper, Dragon Arena initially committed to allocating all raised funds for liquidity on both decentralized exchanges (DEX) and centralized exchanges (CEX). However, during the token listing phase for $DRA, the team made the decision to exclusively list it on DEXs, specifically Camelot. As a result, all liquidity funds were allocated to Camelot LPs ( (DRA/USDT):

https://arbiscan.io/address/0x2cf707a183bf9ec61e6ccf3deb632355a2a12685

*“ The primary purpose of the $DRA token is to facilitate the operations of a DAO (Decentralized Autonomous Organization), aiming to gather valuable input from participants involved in the process of building and developing the product. It is worth highlighting that all members contributing to the DAO will be duly recognized and appreciated.”

Currently, we are engaged in discussions with several top-25 CEXs regarding the listing of our token. To proceed with these potential listings, additional liquidity funds are necessary to cover service fees and provide liquidity on the CEXs.

Proposal: Dragon Arena proposes reallocating 30%-40% of the current liquidity pool on DEXs to add liquidity on CEXs, assuming the Dragon Arena token ($DRA) is approved for listing. The team guarantees that these liquidity funds will be used exclusively for the top-25 CEXs. We will inform the community of the specific CEXs once all agreements have been finalized.

Execution: Dragon Arena will allocate a maximum of 40% of the current DEX liquidity pool to the CEX liquidity pool.

VOTE NOW - Unleash your power in the Dragon Arena DAO

Choices: Link to vote

🔷For : You agree with reallocating up to 40% of LF1 to CEXs.

🔶Against : You disagree with reallocating up to 40% of LF1 to CEXs.

✔️Start time:  9:00 AM (UTC), May 15th, 2023

✔️End time: 9:00 AM (UTC), May 21st, 2023

Rights, obligations, and notes:

• The choice with the majority of votes will be the final decision of the proposal.

• The Dragon Arena team is obligated to execute the proposal as described in the "Execution" section.

Please be aware that a partial reduction of liquidity in the DEX liquidity pool and the addition of liquidity on CEXs may have a positive or negative impact on the token's price. Therefore, we urge you to make a responsible choice.

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