SPS Governance Proposal - Begin SPS Reward Payouts for Tower Defense Pack Holders
In this earlier SPS proposal (https://peakd.com/splinterlands/@sps.dao/sps-governance-proposal-reallocate-sps-from-team-pool-to-td-reward-pool) the community voted to reallocate 1M SPS per month from the team pool to a reward pool for the new tower defense game that is currently being developed.
It is now being put to a vote of the staked SPS token holders if that reward pool should begin being paid out immediately to players who have purchased tower defense game packs and hold them in their account rather than waiting until the game launches.
If approved, this proposal would take the 1M SPS per month (decreasing at a rate of 1% / month for 65 months) in rewards allocated to the tower defense game and begin distributing them equally per Splinterlands Tower Defense pack that is held in-game on a daily basis. Pack tokens held on external platforms such as WAX or Hive Engine will not count for these distributions. This means that the more packs that are held on these external platforms, the more SPS will be distributed to each pack held in game.
The SPS rewards will be staked directly to players’ accounts and will be claimable via the same method as ranked battle rewards and node license rewards.
The goal of this proposal would be to incentivize the sale of tower defense packs which would take DEC tokens out of circulation as the Splinterlands team commits to not selling its DEC token holdings. Taking significant amounts of DEC out of circulation would presumably push the third party market price higher and bring the system closer to the point where burning of SPS tokens to mint DEC would be profitable, thereby providing additional demand and value to the SPS token.
Please note that while TD packs are also purchasable with Credits, the vast majority of purchases will be with DEC as it is significantly cheaper based on current third-party market pricing.
Finally, once the tower defense game is released, a new proposal will likely be put forth to stop these direct SPS rewards to pack holders and instead give out the SPS based on a different set of mechanics specific to the economics of this new game. Ultimately it is up to the SPS token holders to decide how or if SPS tokens will be distributed to tower defense players / asset holders (or to anything else for that matter) going forward.
Start now! :)
Looks good to me.
make it happen.
Good, but similar to the land SPS proposal just make it to automatically end when the Tower Defense game and rewards are live. No need to vote on it again.
Another great proposal 👍
Let's do it!
definitely a big YES
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There is 0 reason to start this before the game goes live and just have the SPS go out when cards are stakable on the towers.
i agree with this idea
A yes, without reservation.
Yes, please! Just need to vote on my plushies granting me SPS;)
It might help to add in that this SPS inflation has already been allocated. Too many people think this is new SPS inflation outside of the whitepaper, without context for the recent proposal we all passed.
I agree, it should help but looking at the vote, I'm not so sure people understand this crucial point. The team is just looking to incentivize purchasing the packs...
Its not new it is coming from the allocation that was for the investors and team members i beleive so i guess i dont care unless i would have gotten a shit load more lol But im buying td any way
Agreed that we should have the language in the proposal to halt SPS distribution once the game starts. Even if it's a 2 part proposal, let's work to consolidate.
There's not even an alpha around yet, too far out, too early.
Hmm.
start now :D
Fuck @spaminator - u got an upvote from me :D
Have a wonderful weekend <3
If this goes ahead, it should only apply to packs bought in the game that count towards air drops so that we know DEC was actually used to buy the packs. Otherwise, the discounted packs on open market will pump as people want the sps rewards.
It took me time to think about this one and while I am also a holder of the presale packs, I think this differs from the land proposal due to one fundamental reason in that the TD game is not delayed. Therefore, I will likely vote against this one; I would suggest that if the game gets delayed past its preliminary time, then it should be revisited like land is at the moment. We must also watch for avoiding too much SPS inflation early in the ecosystem development.
Sounds better than paying the rewards to land holders
if anything land should get more as its been holding money that would have made more in sps and why not add collection power, bcx, in and make it so ppl that only rent or dont earn alot of rewards from this part of the formula for TD staking as well as staked sps longer if it becomes dalayed then you can do the same until then just wait like we all did and maybe all airdrop packs counted for all addtions should get airdrops everyday to lets Why not just burn them its a instant reward as there are instantly gone deceasing the supply and we all have stakes that are backed by more assets pushing up the sps value and causing more nodes to be sold burning sps also getting ppl to burn alot of sps to lock in the only way after 5 yers SPS can be justt creqte if the token price increases high enough and maybe double the rewards for every node an plot pair you have and the Waka Cards should get a allocation before the newest packs for just holding them and not cards you should have a minmium of 50000 cp to get rewareds and x sps staked from anything and if you have certain rare combinations you get even more sps as well as sps for the 3 minutes between matchs and we should also being serious get a stake in SPT and make sure that becomes a accessable dao for everyone bc not many can buy 20 million spt like i can just takes a while in that market and one organization controling the vote of the main splintertalk splinterlands token by keeping the vote hard to get into for most ppl having a crazy high vote threshold to meet. This is a token new people should have a low threshold for like 50-100k limit and the dao should have sigificant chunk of the vote and lp positions. We could also offer members of the DAOs a buyout for half there units each member from large to small and see how much we can get since some may consider selling so are vote will carry weight. The SPS DAO should be the one to hold the magority of the tokens to be able to all get a interest in the Splintertalk platform and be able to control the distirbution and make sure it is being curated by ppl in the community and anyone with 5000 sps or more can apply to be a curator of sps for part of a 7% fee with no other fees involved like fees after the % curation fee etc. Can make a more efficient less expensive way to have delegators get more curation rewards and have every curator account for all the fees and expesnes are just one expense the 7% with 2% for curators and 5% for sps dao which is less than the one 10% fee charged or more plus fees to pay curators instead of just a lower fee bc it doesnt need to be that high and it isnt completley transparent about what your paying or share and provide that statement to the delegators and make sure it is shown on a i read this statement with a acknolegment so pppl understand that they are only getting half the rewards before fees and its the curation portion. After feees its way less. Just think that Splintertalk should be under the sps dao as well or we should have influence on it.
Gotta keep the whales fed and the votes from staked SPS fairly centralized, I guess. Give more voting power to the people with the most votes?
I agree that there should be some reward for hodling land, but those early adopters are going to be the FAATMA of the Hive blockchain and splinterlands, meaning that their decision will ultimately rule the majority of the votes.
Can always add more or grind it out i started just grinding for rewards now i have alot of things in the game just need to play and make sure you re invest bc if you dont re invest some you wont get a large balance as all the future rewares wont come in for you now would prob be a good time to dca into sps and nodes for air drops and going to buy some TD more than i have related to the air drop so i get those back in my air drop cash flow. Either way yoour going to have to invest in the game like my sps came from investing and grinding profits and some at the beginging but most were sold and re bought at much cheaper prices. at .04 ppl should have been loading up alot is timing and dca in helps smooth it outi just constantly am buying below .08-.1. Adding rewards to other assets you can just buy sps and stake it or put in lps us that to buy td packs each day to.
I guess this is better for the whole game and new players to even though i prob get more the other way but guess i can but a bunch of them depending on how much sps is allcated and get more to
SI ME GUSTA
I am split on this proposal.
On the one hand, I understand that Aggroed thinks this proposal is important and it may help spur Tower Defense sales.
But on the other hand, one of the reasons why I voted against the prior passed proposal (redistributing Team SPS for Tower Defense rewards) is that I felt it was too early to do so. It would be preferable for the Tower Defense game to be developed more before issuing rewards.
Right now, I think I will "abstain." In the absence of an actual abstain choice, I can either not vote at all, or split my votes so that half is in favor and half is against. I am leaning towards doing the latter, if only to have my abstention on the record.
Note that there are still 19 hours until the voting period ends. The vote is currently passing narrowly with 69% of the vote. I am open to persuasive arguments and could be convinced to change my votes so that they are entirely in favor or entirely against.