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.
