Question: how does this ultimately provide value to the SPS token when it has been in a downward spiral for quite a while? How much of that half million would be raised by selling SPS?
I'm not saying never do this, but it needs to be pushed out and resources need to go towards adding value.
You know, having a centralized token in web3 is not a good idea... Making SPS decentralized intrinsically provides value to him in this space.
I disagree that decentralizing something adds intrinsic value. I can scroll down coinmarketcap and find plenty of decentralized shit with no intrinsic value and the token price to match.
SPL is not shit. SPL is awesome. Centralized SPS is awesome, decentralized SPS is more awesome ;)
I never said that, but nice strawman. That being said, if nobody new plays and the company folds it will be.
You mean it could be considered a security?
One of the major hurdles for SPS to get onto an exchange is that it's a centralized token currently. Centralized tokens are easily exploitable to things such a rugpulls and hacks. Making it decentralized will open up windows to getting an exchange listing as it is more secure.
Who cares if it's on an exchange if there's no demand? Liquidity is a double-edged sword.