a88ec6ca1d044d022055125fc03a0af42461a3cf
This proposal is to hire Flowdesk to provide Market Making services for the SPS token. After collecting feedback from the community, option 2 in the term sheet below was chosen to bring forward as a proposal.
If this proposal passes the SPS DAO will contract Flowdesk to provide market making services for the SPS:USD trading pair on Crypto.com and the SPS:USDT pair on Gate.io. The SPS DAO will provide 40,000 USDT and $40,000 worth of SPS for trading liquidity, scheduled to be returned upon contract completion, as well as allocate $60,000 for 12 months of service fees.
I feel this proposal is extremely time sensitive and have decided to create it now. Over the last several months I've spent a fair bit of time working to keep our SPS listings on centralized exchanges. Without a market maker or an immediate abundance of organic volume and liquidity appearing on these trading pairs, it's just a matter of time before they delist SPS.
That said, it's not for me to decide if we do or do not keep these listings. It is for the DAO to decide. I've recently made a post sharing all of the information I can on the topic to help you all make an educated decision. It's important to me that we have a chance to decide for ourselves before the decision is made for us. Thanks for your time and consideration.
