Should We Still Push for SPS Exchange Listings?
With all of the regulatory action being taken against top projects and exchanges this past week, FUD levels have certainly been raised and it is worth asking the question - is now the time to be chasing an SPS listing on Binance or Coinbase?
It's been a couple of months since the community voted in favor of setting aside 30M SPS to pursue a major listing, and with all of the new all-time lows we've been hitting that 30M isn't as nearly as much as it was a when the proposal passed. Regardless of the price though, the more pressing concern is do we actually want to get into the crosshairs of the SEC and any other regulators that are aiming at the top dogs in crypto right now.
My answer would be no, but I'm just one person with X amount of SPS staked to support my position. I believe we would be better of waiting until there is more regulatory clarity or if there is a change in leadership/sentiment at the SEC or in the US government to something more crypto friendly.
Before making and voting on a proposal to rescind the 30M SPS reservation, the community should get an update on where we are in the process and my hope is this can be addressed on the next Town Hall. If we are still early enough or not enough traction was made, I would vote to delay or cancel it for now. If the wheels are already in motion though, we may have to just stay the course and ride it out.
Either way, getting an update on the current progress will help the community to make a more informed decision regarding this. Shots have been fired and I doubt they will be the last.
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As a fellow user of Splinterlands, I do think the current times are not suitable for us to go all in on listing. Since there are chances for the market to go down or moreover SEC's headache is upon us all!
It just seems like a better option to wait out until the dust settles,
Not only would an exchange listing be damaging from an SEC regulatory PoV, but with the price trending downwards another major exchange listing would barely register a positive bump and likely lead to faster dumping of the token.