Thank you for your thoughts. You're right, there is no guarantee of success. Getting listed is not a "magic bullet" that will solve all our problems. SPS was $1 in the past because back then it was brand new, people were riding the high of it being "the next shiny thing", and the number of tokens in circulation was initially very low. As the circulation now is much larger, it would take a correspondingly bigger push to ever get it back up to $1. Personally I believe a 10 cent target in the intermediate timeframe is more reasonable.
And make no mistake, getting a top tier exchange listing isn't guaranteed to get it back up to $1 either. And I'm not a pump & dump kind of guy, I'd like to see a steady, slow, sustained rise over time. Being on Binance may subject us to occasional pump & dumps. But that's simply a reality in this business, you see it with everything, even high marketcap coins.
However, velocity of money is very important for maintaining momentum. We want to see volume, see tokens swishing back & forth between traders & investors, the more the merrier. I expect short term pumps would be eclipsed by long term gains, provided we continue to do things that make Splinterlands the game stronger.
The benefits as I see them are:
- More exposure to the rest of the crypto world
- We will be taken more seriously by the rest of the crypto world, as being listed on one of these top exchanges is often interpreted as a sign of project maturity
- It will be easier for outside investors to get exposure to SPS (although of course you can argue that LPs on big chains like BSC and Ethereum also do this)
I support your idea overall, but I think it could be greatly improved from hard data. Sounds like there are two underlying hypotheses to prove:
SPS is underpriced relative to its maturity and utility, because of how difficult it is to obtain given the obscure chain and no CEX listings.
A growing token price is the most effective marketing tool in crypto in terms of encouraging new players.
In my opinion, both are true - but some suggestions on what we could do to validate:
Examples of price action for other in-game tokens pre and post T1 CEX launch.
% of signups that joined within a SPL "pump" month (i.e. mid-late 2021, for example). The higher %, the more we can validate both hypotheses.
Current monthly active users that joined within a SPL "pump" month. This gives us insight into stickiness of said users.
The only untestable statement is: "Listing on a T1 CEX is the best use of funds." That is completely a matter of opinion.
In my view, it should have been done years ago and is simply table-stakes for modern web3 games - as long as it does not bankrupt the DAO, I would place it at a very high priority.
I will wait and see how the community thinks but that sounds like a very hard cost for some questionable soft possible benefits.
I may be missing something but I want more exposure to people who want to play a fun game rather than the "rest of the crypto world"; don't much care about being taken seriously by this "rest of the crypto world"; and based on the mess outside investors seem to have made of steem momnsters, am sceptical about them giving a stuff about splinterlands or sps.