I appreciate you taking the time to write this up and give us a realistic assessment of the situation.

I don't want to argue with anyone about this as I'm not an expert. But here are my thoughts.

I personally don't think we get much value out of any of these small centralized exchanges, so I view this as "window dressing". I don't think the volume done on these exchanges is real volume (ie people actually trading as a result).

I do understand that people are willing to pay something to keep up the appearance that we "have our token listed on an exchange", but in my eyes as a long term believer in the value of our platform I don't subscribe to that thought. Put another way, if people view our value based on whether or not we are on an exchange, then I think they will be missing out on our opportunity anyways.

I will be a hard "no" on spending $10,000 a month for all 3 exchanges. If we can negotiate one exchange for $3k, then I wouldn't vote against that if people are willing to save face and maintain one exchange.

I'm only one person and I don't plan on having a fight with anyone based on their views. But I am a believer that decentralized exchanges provide us far more value (for little to no cost), and they accomplish most anything we could hope for at this time. (getting money in or out of the system)

I simply don't buy the argument that any of these smaller exchanges help us attract more customers to the system, and the larger exchanges cost millions of dollars and are out of our reach right now.

Thank you Clay for bringing this to our attention and for having a debate about what path we take going forward in this particular area.