Why is this proposal passing?
I created a thread on Twitter recently regarding the latest proposal to allocate 30 million SPS to pursue exchange listings.
Why is this passing with flying colors? For the meantime, I actually think it's counter-productive for a number of reasons. I've highlighted these in my thread which you can read below:
https://twitter.com/CryptoLlamaTV/status/1641014246883618816?s=20
- CryptoLlamaTV
It's also a worry that there has been a lot of recent scrutiny and clamping down from the SEC on listed projects which could be considered securities.
As well, US courts have recently found DAO governance token holders of the following project liable for a class action lawsuit from a hack on their platform because they’re considered members of the general partnership: https://www.theblock.co/post/223237/bzx-dao-liability-class-action
These, along with all the points I've detailed in my Twitter thread, this just doesn't seem like the right time to have such a proposal. I'm all for it in the future once the burning mechanisms for SPS / DEC are working as intended and whilst SPS isn't at all time low's. But right now, it just doesn't make sense.
Glad to be proven wrong.
Leave Why is this proposal passing? to:
Read more #splinterlands posts
Best Posts From Crypto Llama
We have not curated any of cryptollamatv's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From Crypto Llama
- Why is this proposal passing?
- Champions Ascension - Complete Guide & Tutorial
- Eternal Dragons - A Play 2 Earn Review & Tutorial
- SpiderTanks - The Ultimate Guide You NEED to KNOW
- Splinterlands - DEC back to PEG?
- Splinterlands - Earn While You Sleep
- Splinterlands - I'm Buying LAND
- Splinterlands - Prepare for Riftwatchers with This!
- Splinterlands - Maximize SPS Rewards with These Cards
- Splinterlands - Undervalued Cards to Purchase
- Splinterlands - Liquidity Pools
- Splinterlands - SPS Price Analysis
- Welcome to the Splinterlands - Song by CryptoLlama
- Splinterlands - Don't Miss This Opportunity!
- Splinterlands - Merits & Gladius PREPARE NOW
- Splinterlands - Archmage BOT OR NOT?
- Splinterlands - SPS, DEC, Cards, Land & Economy
- Splinterlands - Grandmaster Rathe Overpowered?
- Splinterlands - How To Find Undervalued Assets
- Splinterlands - IS SPS ABOUT TO MOON?!