# MIP#27

```
MIP#27
Title: Bitcoin Layer 2 Conference Hong Kong 2024 Participation
Author(s): MVCLabs
Contributors: 
Editor: N/P
Date Proposed: 2024.02.29
Date Ratified: 
Dependencies:
Replaces: N/P
Exception to MIP: N/P
```

* <mark style="color:red;">**Vote Option:**</mark>

Vote option:

Yes \[MVC attend the Bitcoin Layer 2 Conference Hong Kong 2024 and MVCDAO pay USDT 9,999 + Necessary Trip Costs \[MIP-2 standard]+ Booth Layout + Various Side Event Enhance Tickets]

NO \[MVC do not attend the Bitcoin Layer 2 Conference Hong Kong 2024 ]

* <mark style="color:red;">**Executive Summary:**</mark>&#x20;

Bitcoin Layer 2 Conference Hong Kong is the premier crypto event - , organized annually in Hong Kong \[8April, Yr2024], where founders and executives of the leading Web3 companies and projects share their view on the industry.

Bitcoin Layer 2 Conference Hong Kong 2024 brings together the global crypto industry, uniting entrepreneurs, developers, industry enthusiasts and global media - and creates unparalleled networking opportunities. This is the community that will define what’s next in the space.

* <mark style="color:red;">**Proposal Content:**</mark>

Bitcoin Layer 2 Conference Article:

{% embed url="https://www.scalebit.xyz/blog/post/Bitcoin-Layer-2-Conference-Hong-Kong-2024-Announces-Early-Participants.html" %}

<figure><img src="https://3872324389-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fy4gNPZSNO766WE54DILO%2Fuploads%2FcIdWt5z3rGH69qWM6eP0%2Fimage.png?alt=media&#x26;token=8d2f629a-6213-4182-8839-816311d10581" alt=""><figcaption></figcaption></figure>

* <mark style="color:red;">**Details of upcoming event:**</mark>

www.btcl2conf.com

* <mark style="color:red;">**Contact:**</mark>

For inquiries about sponsorship, speaking engagement, or other questions, please send an email to contact contact @scalebit.xyz

***

* <mark style="color:red;">**Why Attend?**</mark>

**Attendance of Bitcoin Layer 2 Conference Hong Kong 2024 crypto event will**

A) Increase the visibility of MVC and MVC's ecosystem, and

B) Exposure to more partnership opportunity

C) Potential to be interviewed by reporter and global media.

D) Exposure to more CEX & DEX world crypto leaders in the world.\
Number of Community Member Participation:

Jason.K

Rachel.T

Lean.L

Ken.L

MVC Individual Booth + 1 Keynote Speech + 1 Panel Discussion Slot + 1 Publication on BTC Security Lab Blog + 1 Company Profile on Event Brochure + Logo on Logo Wall + Logo on Website + 2 After Party Tickets + 4 General Tickets + Complimentary digital downloads of full event video content + complimentary professional video of speech + complimentary professional photos

<mark style="color:red;">**MVCDAO Costs:**</mark>&#x20;

* Gold Sponsorship: USDT 9,999
* Accommodation & Meals & Transportation for Three Guests (Excluding Jason)
* Accommodation: USDT 75/day - (MIP-2)
* Meals: USDT 20/day - (MIP-2)
* Transportation: USDT 15/day - (MIP-2)
* Booth Layout: Depends
* Various Side Event Enhance Tickets: Depends

<mark style="color:red;">**Duration:**</mark>

* 2-4 days, depending on side events around the conference.

<mark style="color:red;">**Operational Transparency:**</mark>

* A comprehensive monthly operational expenditure report is available for committee review at any time.
* Committee members receive full breakdowns of operational expenditures for regular review and feedback through private messages from a secretary member every month.
* Comprehensive monthly operational expenditure reports are disclosed to the committee starting from January 2023 onwards.

<mark style="color:red;">**USDT Resources:**</mark>

MVCDAO has ample USDT reserves to cover all associated costs. If MIP-27 is approved by DAO, the required USDT will be withdrawn from the existing community liquidity account. In exchange, an equivalent value of Space will be transferred from the DAO treasury to the community liquidity account, ensuring liquidity resources are maintained.

***

<mark style="color:red;">**Disclaimer & Remarks:**</mark>

**1) SPACE: Not an Investment Vehicle**

MVCDAO wants to make it crystal clear: SPACE isn't a get-rich-quick scheme. MVCDAO emphasizes that Space is not an investment vehicle, but the gas within the MVC ecosystem. The value and price of SPACE may be influenced by utility demand of MVC network, there may be risks of price fluctuations. Participants are advised against purchasing SPACE for investment or speculative purposes.

Please note that MVCDAO does not make any commitments or guarantees regarding the price or value of SPACE. When holding SPACE, it should be used solely for participation in MVCDAO governance or utility purpose within the MVC network.

**2) No Investment advise:**

This proposal aims to boost MVC network visibility and sustainability, not to provide investment advice or analysis.

**3) Conflict of interest declaration:**&#x20;

The author of this proposal has not received any commission.
