Community Proposal #7

This proposal is to hire Flowdesk to provide Market Making services for the SPS token. After the previous proposal failed and then collecting more feedback from the community, option 1 in the term sheet below was chosen to bring forward as a new 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. The SPS DAO will provide 20,000 USDT and $20,000 worth of SPS for trading liquidity, scheduled to be returned upon contract completion, as well as allocate $42,000 of USDT for 12 months of service fees.

Author Notes

I have been gathering feedback on this topic since it became clear the last proposal would fail. While the last proposal was ongoing I was contacted by HTX (Huobi) and informed that we are scheduled to be delisted. After sharing this information it seems that more people are concerned with keeping at least 1 centralized exchange listing alive so we are trying this proposal.

I was able to do a Twitter Space with Flowdesk to address many of the concerns from the last proposal that you can hear at the link below. You may have to have a Twitter/X account to access it:

https://twitter.com/TheSPSDAO/status/1724818403582763078

- TheSPSDAO