L4L4L4 : Staking with Reward from my Tournament Participation
With the recent introduction of staking players in splinterlands, I would like to take this opportunity to seek stake holders to stake me so i could join higher ranking tournaments. As of current state, stake holders will not be rewarded when staking players (hopefully will change ). Therefore, I propose a method where stake holders can earn rewards by staking me to participate in tournaments. In this proposal, I will outline the details of this staking method and its benefits.
THE PROPOSED STAKING METHOD
Under the proposed staking method, staked holder will be rewarded when I participate in tournaments and achieve a certain rank position. Every week, I will enter at least one tournament, and the reward will be shared among me and the stake holders when curtain rank position has been achieved. The distribution of the reward will be as follows:
49% for stake holders, 49% for me, and 2% for the entrance fee expense. ( subject to changes with 2 week notice)
This way, stake holders will have an opportunity to earn rewards while I participate in tournaments without incurring any additional costs.
BENEFITS OF THE PROPOSED STAKING METHOD
The proposed staking model offers benefits to player (a.k.a me) and stake holders. Stake holders will have an opportunity to earn rewards from me joining tournaments with almost minimal or no additional costs. This will incentivize player like me to participate in more tournaments.
With higer level tournament, the reward payout also be higher. The ultimate target tournament that I hope to join will be :
THE WEATHY GAMBIT . Sps stake require: 135k sps
I will ensure that every season end, I will write a short summary report detailing the tournaments I have participated in, the rewards earned, and the distribution of the rewards among the stake holders and me. This will ensure transparency and accountability, and stake holders can use this information to make informed decisions about their participation in the staking process.
In conclusion, the proposed staking method provides a win-win situation for players (a.ka. me) and stake holders. Players (me) will be incentivised to participate in hgher tournaments and earn rewards for their efforts, while stake holers will earn returns on their investments. The reporting system will provide transparency and help stake holders make informed decisions. I believe that this method will help to revolutionize the staking industry and provide a new opportunity for players (a.ka.. me) and stake holders to benefit from each other.
CURRENT STAKE HOLERS