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

in #spsproposal10 months ago (edited)

A positive outcome for this 2.5 million speculation to join these two changing platforms is not even guaranteed by this proposal

"The intent is to simply authorize a budget for the SPS DAO Project Manager to negotiate with and not a guarantee of results."

Your voting to allow the project manager access to a whooping 2.5 million of DAO resources for upto a year, with an explicitly stated no guarantee of even getting on to these exchanges. Seems a little over generous.🤑

Hello Splinterlands! looks like you just approved your first zero performance based banker bonus.

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The funds cannot be used for any other purpose than getting a listing with one of those two exchanges. If such a deal can't be negotiated, then the funds will not be spent.

" it is a manageable expense and will not bankrupt the SPS DAO" these are your words. Sounds like petty cash to me. Until you edit your proposal this is nothing but a 365 day glorified expense account. Will there even be a visible weekly audit trail? Not that one is entirely necessary given this huge sum of money and the crowd here approving this, just a suggestion.

I applaud your enthusiasm for SPS appreciation and I hope you can install more budgetary restraint measures with full transparency?