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RE: Establish an Exchange Fund to Pursue an SPS listing on Binance

in #spsproposal8 months ago

I think worth a vote on but the DAO has less than $0.6million stables (https://peakd.com/splinterlands/@sps.dao.report/sps-dao-treasury-report-2024-03-10--11924197-20240310t220028z)

The other $2.4m will need to come from SPS sales. That is like 80 million SPS, IF SPS is $0.03. This would surely crash SPS, meaning more and more would need to be sold, we don't have the liquidity to take so much selling. Trading volume 24 hours prior to this post is only $230,000.

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It would need to be negotiated with stable coins and perhaps a bundle of SPS with the expectation of an increase in value once listed