RE: SPS Governance Proposal - Contract Flowdesk for SPS Market Making Services

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I understand the reasons given by those who oppose the proposal, and I think they are valid and make sense. Some that I read included:

  1. you prefer to use a dex and do not utilize exchanges,
  2. you are concerned about the cost here, or would rather spend the money elsewhere, or believe it is a waste of capital
  3. you have philosophical objections or values clashing with the use of market makers
  4. you believe that like you, most people will not purchase SPS on crypto.com or other exchanges

Let's consider the less crypto-gaming savvy person - especially one who is not fully comfortable with technology. This person doesn't have a cold storage wallet or stacks of sats and will likely not utilize a Dex for years, they will solely transact on exchanges. They will belly up to coinbase or if they are partial to Matt Damon, crypto.com to buy their first bitcoin and then an alt or two. It is all new to this person.

  1. seeing a coin on crypto.com or coinbase does give a coin more legitimacy (not in reality) simply by seeing it there- exposure breeds familiarity and is linked with safety, home, security, and trust (this is why you end up marrying someone like mom and dad, even if they were abusive, they feel like home because they are FAMILIAR). 2. when a coin pumps people receive notifications on their phones if they have this enabled, which breeds curiosity (they research the coin/project), as well as familiarity, and sometimes the exchanges will write articles on the coin (Free marketing). 3. Conversely, Does anyone know what the impact might be if we were to get delisted from a major exchange like crypto.com? Keeping SPS on crypto.com with a Market Maker is worth at least trying. We are already through that door and listed on the exchange. Is it prudent to do nothing, knowing full well it will result in SPS getting de-listed as Clayboyn explained in his author's note, there is simply no liquidity and without a move from us it will be delisted. --- Do we want that? I don't. I am not saying we need to pursue other exchanges (we don't) but we should not squander this one that we already have, especially crypto.com!

As Clayboyn stated in his author's note:

*"Over the last several months I've spent a fair bit of time working to keep our SPS listings on centralized exchanges. Without a market maker or an immediate abundance of organic volume and liquidity appearing on these trading pairs, it's just a matter of time before they delist SPS. That said, it's not for me to decide if we do or do not keep these listings. It is for the DAO to decide... It's important to me that we have a chance to decide for ourselves before the decision is made for us."

Thanks for reading and considering this.
On a side note, I love the way people are communicating on this thread - sharing differing opinions respectfully with one another. Regardless of the outcome of this particular proposal - this style of communication within our community is what gets me most hopeful. - Let's go!



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