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.
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.
SI ME GUSTA
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...
Start now! :)
Looks good to me.
make it happen.
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.
A yes, without reservation.
Yes, please! Just need to vote on my plushies granting me SPS;)
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.
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
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.
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.
start now :D