RE: SPS Governance Proposal - Hire Steem Monsters Corp. to Develop a Bitcoin Halving Promo Event
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I think it's pretty clear in the proposal that it does not cost $200k to operate the promotion. This proposal is just giving token holders a choice between two options: (1) The company sells promo cards as normal; or (2) The DAO pays the company to forego the revenue opportunity of selling the promo cards so that tokens spent will be burned and provide value to the SPS token.
From the company's perspective, we will probably end up with more money if this proposal fails and we just do a normal promo card sale as I expect that will bring in far more than $200k. But from the perspective of the ecosystem over the long term I feel it would be better to have the DAO pay the company and have the value go to the SPS token, which is why it's being proposed. It's completely up to the token holders though and I do not plan to vote myself or try to sway players' opinions in any way.
remind me, how much did yall make from Zyerial? so no I dont think the company would do better if they just sold the promo as is...
If I remember correctly, Zyriel brought in about $100k. In this case there are 2 promo cards for sale, plus as much as $200k in other prizes (including leaderboard prizes), plus a better overall crypto market. Either way, we'll find out soon enough!
Fair enough. That is true, the overall crypto market does look considerably better than it did back during Zyriel so who knows. Is this one of those times yall would rather have stables from the dao and let us horde the sps/dec/vouchers for another day so yall dont have to sell them to pay for stuff?