RE: Establish an Exchange Fund to Pursue an SPS listing on Binance
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IMO we are a crypto game first and foremost, that means we need to be where the crypto people are and we will never break into the top 200 projects if we dont get on major exchanges. Axie had like a 9 billion dollar MC last Bullrun, thats like a 7$ SPS if we could do the same but we have to be listed on these major exchanges so its not just our strong community but also folks that speculate on lots of projects with no intention of ever interacting with the ecosystem.
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Also Love Ya Dave <3 you're amazing
I dunno how many sps have been burned so far, but a three billion issuance at $6 would be $18 billion, which may be pushing it a bit!
I love ya too Hewitt and normally on the same page. I disagree that we will never break into the top 200 projects if we don't get on the major exchanges. No one will be able to stop us when we develop a system where people are constantly seeking to buy more assets. Our tokenomics are set up properly now, but we still have to create the "desire to buy assets" or better known as more demand.
Its ok we disagree. And thank you for being such a great community member always Hewitt!!!
You know what all the coins in the top 200 have in common? All but a hand full are on either coinbase or binance. The hand full that dont have like 3 pages of other lesser exchanges instead. The number of people that will watch KillerWhales or any other influencer type content and just brainlessly buy the tokens that the "whales" talked favorably about would surprise you but if its 7 steps or only available on an exchange they dont use they will just skip our project. Outside holders arent a bad thing and IMO a higher sps price, for higher earnings, would do more for gaining players than any story or mission Nate can cook up.
I know we are a top 200 project with top 5 developers but we have to be the places and do the things those top 200 projects do to actually climb there. We literally do everything better than 90% of the projects out there but nobody knows about us because we are stuck in a tiny pond. If Hive wasnt listed on Binance it would be sub .01 cent and would be dragging SPL down even further.
I think you are a great guy Hewitt and I love the optimistic view. I hope if it passes it works as you say.
I don't want to be the guy that rains on the parade, that's not really my style. I just think every decision should be viewed from a "what happens if we are right? and a what happens if we are wrong?" point of view.
While I have great hopes for the future and the potential of the game, I see lots of things that could go wrong that delay or derail that potential success if this vote passes. I don't see such risk if this vote doesn't pass.
Obviously more people agree with you than me and that's ok of course. I'm only one person and have been wrong many times in the past.