At the moment I am the second biggest investor into the @sportsvoter bot with around 55000 delegated Steem.
I saw it as a great investment opportunity as I was one of the first jumping into it.
I sold some and powered up some of my daily rewards and the fact that the bot had to be paid in SPORTS and burned 95% of this I was under the impression I actually helping out the tribe.
The deal was so good that investors outside of our tribe caught wind and jumped onto it as well.
This is creating a lot of selling pressure on the market at the moment.
If you have no interest curating or posting yourself why would you stake and not dump?
The market is not mature enough to have this kind of pressure without totally breaking in.
Therefore I think the bot has to be changed or cancled for now in my opinion.
The best idea would be probably to only payout 25%-50% in liquid SPORTS imo. This would take a lot of the dumping of the table and also would incentivise investors to at least curate.
It could also backfire and drive investors away who have no interest in taking any part in the tribe but I am not sure this is really a bad thing.
Cut the rewards as long as it stays attractive....this is a bit meehh as it is related to the amount of steem you can get on the market which is a bit more out of control.
Maybe more levels in the payout, a maximum amount you can delegate....or we need to rent SP as the higher the tier the better the SPORTS seems to distributed....
I wish I can give a better solution and this post is not meant as an attack or anything way more as a try to help as I have personal and finacial interest this tribe is doing well.