Thank you for your thoughts. You're right, there is no guarantee of success. Getting listed is not a "magic bullet" that will solve all our problems. SPS was $1 in the past because back then it was brand new, people were riding the high of it being "the next shiny thing", and the number of tokens in circulation was initially very low. As the circulation now is much larger, it would take a correspondingly bigger push to ever get it back up to $1. Personally I believe a 10 cent target in the intermediate timeframe is more reasonable.
And make no mistake, getting a top tier exchange listing isn't guaranteed to get it back up to $1 either. And I'm not a pump & dump kind of guy, I'd like to see a steady, slow, sustained rise over time. Being on Binance may subject us to occasional pump & dumps. But that's simply a reality in this business, you see it with everything, even high marketcap coins.
However, velocity of money is very important for maintaining momentum. We want to see volume, see tokens swishing back & forth between traders & investors, the more the merrier. I expect short term pumps would be eclipsed by long term gains, provided we continue to do things that make Splinterlands the game stronger.
The benefits as I see them are:
- More exposure to the rest of the crypto world
- We will be taken more seriously by the rest of the crypto world, as being listed on one of these top exchanges is often interpreted as a sign of project maturity
- It will be easier for outside investors to get exposure to SPS (although of course you can argue that LPs on big chains like BSC and Ethereum also do this)
RE: Establish an Exchange Fund to Pursue an SPS listing on Binance