SPS Governance Proposal - Reallocate SPS from Team Pool to TD Reward Pool

The Splinterlands Team would like to propose reallocating 1,000,000 SPS tokens per month from the pool that was initially reserved for the team to a new reward pool for the upcoming Splinterlands Tower Defense game. These tokens would then be distributed to players of the Splinterlands Tower Defense game as rewards until the supply is entirely distributed (65 months after the launch of SPS last year).

Currently, as indicated in the SPS whitepaper, roughly 3.9M SPS tokens are going into the team pool every month, and those tokens are not currently being utilized. We feel that those tokens can be put to much better use by incentivizing this new game - which will incentivize more staking of SPS, spending of DEC, and use of Splinterlands cards - while still leaving more than enough tokens going to the existing team pool should they be needed in the future.

We expect that this reallocation of tokens from an under-utilized pool to a reward pool for a new game will ultimately bring a lot more value into the ecosystem than it gives out and therefore be a significant net benefit to all community members and asset holders.

The new game will provide value to the ecosystem in the following ways:

  • Adds utility for existing Splinterlands Cards through staking of the cards into the game thus adding another reason to own and hold Splinterlands Cards
  • Requires players to stake SPS tokens in order to earn rewards, increasing the value of obtaining and staking SPS
  • Provides more products to back the value of the DEC token
  • Provides new sinks for DEC and VOUCHER tokens which both directly provide value to SPS
  • Adds a new type of game to the Splinterlands platform which can help to broaden the player base


0
0
0.000
13 comments
avatar

thank you for asking because of the few formulities on the white paper, but do what you want with your tokens ;)

0
0
0.000
avatar
(Edited)
  1. this will definitely devaluate sps,
  2. a new game is just split the prize pool and no benefit to player only to the platform,
  3. we do not need any new game, we want better rewards within the existing game
0
0
0.000
avatar

The rewards they're talking about here were already going to the Splinterlands team. They're asking our permission to stop taking the tokens for themselves (which was documented in the whitepaper) and instead put it toward being able to reward players in a new game.

They're asking permission to give up their own money and reward players instead...

I don't think this even really needed a vote, but it's cool to see them using the governance voting regardless.

0
0
0.000
avatar

at first I thought they were saying rewards from the splinterlands ranked and was like nooo. but this is more of a Robin Hood situation like one of the youtubers said. I'm about it, and thank yall 🙏

0
0
0.000
avatar

1.do you really think they would give SPS away if they wouldn't see it is going down?

0
0
0.000
avatar

Those SPS are already be going into the sysytem (liquid or staked) every month. So the grow of total SPS/month will not be influenced. If any, more SPS that would probably be staked just go to liquid and could be sold instead. They wouldn't have to make a vote for this, I assume ;)

0
0
0.000
avatar

But this will put 1,000,000 SPS tokens per month in the hands of players who could also just cash out and destroy the economy, no? I guess what you guys are saying is that those rewards can only go to players who stake and that there will be more use for the SL cards, more sink for DEC and VOUCHERS when the game is played more. Ok, makes sense, i also would love the game to succeed to see the Splinterlands universe expanded, upvote!

0
0
0.000
avatar

Its for a different gamer demographic and im sure they will be just as enthusiastic and interested in the game and economy as you and I are with spl.
I think its a great way to open up to a VERY popular game genre.

0
0
0.000
avatar

It also has been mentioned that staked SPS will be needed for rewards in TD so the new players will likely be hoarding their SPS in staking. That being said a large %tage of that sps wont be sold. Not only that but it should bring more new players into splinterlands as well.

0
0
0.000
avatar

Congratulations @sps.dao! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You received more than 300 upvotes.
Your next target is to reach 400 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

HiveFest⁷ in Amsterdam is next week. Attend and get your badge.
Our Hive Power Delegations to the August PUM Winners
Feedback from the September 1st Hive Power Up Day
Support the HiveBuzz project. Vote for our proposal!
0
0
0.000
avatar

Good plan. 3.9 million - 1 million still leaves plenty of change for a few for games 😄

0
0
0.000