RE: SPS DAO Mints Promo Card for SPS Stakers
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Hi, recognising the concerns around this incentivising a pump and dump of SPS. Would you consider creating a regular, annual DAO promo card with a daily staked SPS snapshot taken over the year (similar to the SPS airdrop)? This would incentivise continued SPS staking and dis-incentivise ever unstaking. Each time a player reaches 1bcx threshold, they could unlock/purchase the airdrop with one voucher. This could dampen any potential pump and dump (pumpy dumpy TM) effects. I'd be interested to hear others views on this tweak.
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This is a good one and make it significant so ppl want to get that sps and hold it for as long as possible without selling and maybe a year end GLX and SPS bonus or other assets like packs based on time and amount held.
@davemccoy sorry for the bump but would appreciate your opinion on this!
Hey @dizzypascal thanks for tagging me so I can reply, it wasn't my post so I don't get the same notifications.
I think your idea is a very good one and I'd completely support it. In fact I've also heard ideas that are similar that I like too. Like give out a good perk for x amount of SPS staked CONSECUTIVELY for an entire year (in other words any unstake would break the streak and the player would have to start over.
I like all ideas that are like this and would support them. The biggest issue would be getting the team to make it as it would take DEV time. But I like your concept or any variation to it, as it more purely achieves the goal of encouraging and rewarding true hodlers.
Thanks again for the tag!
ps... I really don't think this proposal will create the pump and dump effect some are worried about. Imo its simply too small of a reward for too much of a stake. At worst I think it might encourage a few players to move their liquid to staked for a month, but maybe after they do it they might find it was more rewarding than they thought (because of the GLX token airdrop).
ill be able to prob max it and sell the rest would love this to go though but not yet until im done buying sps with GLX back to the 1 million mark for both is the idea bc of the different rates swapping each day at advantageous times i crate glx and sps extra tokens on the swaps to.