You are viewing a single comment's thread from:

RE: Establish an Exchange Fund to Pursue an SPS listing on Binance

in #spsproposal3 months ago

Not many people will see what you're saying here but I do. If this passed I'd sell everything into the pump because I would fully expected a long, slow, and painful decline to follow. It's what happens to almost every token that gets listed on Coinbase. Quick pump followed by a long decline.

SPS was designed so that the price would match its in game utility. If SPS price moves meaningfully higher than its utility demands, we would have a quick pop of everything in the game followed by a very long hangover as we dealt with the imbalances the pop caused.

Sort:  

You absolutely get it @imno ... I love that you do! Thanks for putting it in better words that maybe will help others understand it too!