I know that. We allocated a certain amount and we're obviously not spending it all in the first 2 projects that appeared. But what I'm saying is that we don't need to rush and do many projects at once. We could do those 2 and see if it's worth it. If not, we could vote to stop. Maybe 2 is too little. Maybe 3 or 5 is a better number to test. My main point is: let's not spend all the funds on these before we know it is a positive thing.
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The amount of funds allocated to year 1 are getting spent no matter what. I think you fundamentally don't understand the project. If we say "there's 1 million SPS allocated to year 1 of the project" and 5 people participate, they're splitting that 1 million SPS. It is absolutely imperative that we get more players not less. Ideal situation is that 1 million SPS is split amongst hundreds or thousands of players, not a handful.
Either way, just vote however you want to vote.
Wait, so we approved 2 projects with a certain number of shares for each. But those will not be given right away? We have to wait 1 year where do a bunch of these projects and only after that we pay according to the shares?
The shares are relative to other players. They will get immediate sign up bonuses from Splinterlands and the DAO rewards come at the end of each yearly cycle. It's planned to run for 7 years if it's working.
Ok so the sign up bonus are fixed and come from the company, while the DAO rewards only come in after the cycle and they will depend on how many projects there are. I didn't understand that was how it worked. I also didn't know there were sign up bonus from the company. Ok, I guess at this point it's positive to get more of them out there. Thanks for the explanation.
thanks for this conversation, helped clear up a few issues. + got my vote now
Yeah I voted against but I'll change it.