Oh man, this is not good. The proposal failed. I don't think people understand the importance of having a market makers on CEXs.
There are few things people need to be aware of...
1.) THE IMPORTANCE OF A CEX
Listing your project on a CEX is important for the growth of the project, price discovery, awareness, and most important accessibility by NEW investors/users. The more options you have to buy the token, the easier it is to grow.
- ACCESSIBILITY – DEXs are great for the hardcore investors but will not cut it for the NORMAL/NOOB investors that ape in on bull runs. ESPECIALLY becuase Splinterlands operates on Hive blockchain and SPS is on Pancakeswap... its too complex for the new investor. If your token cannot be bought on relatively NORMAL exchanges which can be easily accessed via mobile phone using traditional BUY/SELL capabilities you are DRASTICALLY reducing the ability for new users/investors to get into the project. CEXs are just easier to use PERIOD. So ideally you want a CEX for the Asian and American (english) markets.
- AWARENESS – Most people don't know this but to be tracked on CoinMarketCap and CoinGecko, your project usually needs to be listed on one or more exchanges with decent volumes and order books. The 24hr volumes on Splinterlands' DEXs are super low and if we loose the CEXs, we risk not being SEARCHABLE ON CMC OR COINGECKO... which essentially means people won't even be able to find the project.
2.) THE IMPORTANCE OF HAVING HEALTHY TRADING VOLUMES (ie. Market Making)
When you list on a centralized exchange, there comes certain requirements your trading pair must maintain in order to stay listed on that exchange. ALL centralized exchanges require that your trading pair is LIQUID... ie. there are healthy opportunities for users to buy and sell within certain price ranges from the current price. If your project DOES NOT MAINTAIN that healthy liquidity of the pair it will get delisted. Market Makers are automated systems that maintain healthy trading volumes on both sides of the trading pair. In most cases it is MANDATORY that a project must have a Market Maker. Larger projects can usually take the risk of not having one as their token usually is very popular and their traders tend to organically provide acceptable liquidity. If your not in the top 100 cryptos, you will most likely need to use MM on your listings.
- Keeps your token listed on centralized exchanges
- Keeps your project listed on CoinMarketCap/CoinGecko
- Enables investors to buy/sell easier without loosing money on orders (ie. the spreads between people buying and people selling are closer together)
3.) HOW THIS COULD HURT SPS
Not providing Market Making (ie. liquidity) to the CEX trading pairs WILL;
- Get Splinterlands delisted within 30-60 days from the CEXs
- Remove any EASY method for NORMAL/NEW people to buy SPS (on desktop and mobile)
- Drastically reduce the Asian markets from buying SPS (by loosing Gate.io and/or HTX)
- Hurt Splinterlands' CoinMarketCap & CoinGecko price tracking
- Risk no longer becoming searchable or trackable on CMC or CG
- If that happens, Splinterlands basically will not exist to new investor who attempt to search on CMC or CG
PROPOSED SOLUTION
- 
- Support Market Making of USDT trading pairs on 2 exchanges (MEXC & Gate.io) for a contract period of 6 months.
- MEXC – is a good B-grade CEX which using liquidity from Binance and gives broadest access to English speaking countries.
- Gate – is a good B-grade CEX which Asian markets use as well
My reasoning for MEXC rather than Crypto.com is becuase their existing trading volumes don't appear to be that good. Although Crypto.com in my opinion is the closest to ACCESSIBILITY for mainstream new mobile users, it doesn't appear to be popular for our token. If the trading volumes of MEXC are from market making and Crypto.com has NO market making... than I would go with Crypto.com instead of MEXC.
RE: SPS Governance Proposal - Contract Flowdesk for SPS Market Making Services