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RE: Sports Need Us !!!! #SaveSports

in #sportstalk5 years ago

Hey @korver - Thank you for taking the time to make these suggestions! It will be community members like yourself that are dedicated to improving the platform that will allow us to continue to grow.

You're correct on the usage of @sportsvoter's SP. It's used as a tool for users to redeem their SPORTS as an upvote from the @sportsvoter account. That being said this provides us with a number of uses beyond just the voting bot. The SP within the bot also allows us to claim discounted account tokens that will be invaluable in bringing non-Steemians to the platform as we grow. Currently we've redeemed roughly 250 account tokens to help prepare for inviting new SPORTS creators.

I understand your concerns towards the curation SP gained from this account. The plan is to not withdraw from the @sportsvoter account. This will allow the voting power to continue to grow and thus keep the number of SPORTS that can burnt similar to the initial levels. This won't be used as a profit for founders or delegators but instead a continued tool for improving the community.

The rewards that @sportspromo (@sportsvoter's delegation paying account) have only been set to 10%. We initially launched with the possibility of this going to 20% if there was over 2m SP delegated but it never went past 10% on that scale. We've since decided that capping the limit at 10% is the way to go. In addition we switched to that 10% being distributed as 25% liquid SPORTS while 75% is distributed as SPORTS POWER. https://www.sportstalksocial.com/sportstalk/@sportstalksocial/announcing-changes-to-sportsvoter

With the change to only 25% liquid SPORTS that means that delegators are only being rewarded a liquid amount of 72,000 SPORTS that can be sold on the market. Yesterday there was 144,128.299 SPORTS sent to @null from the @sportsvoter leaving us with a net decrease in the circulating supply. This encourages me to believe that over the long run that @sportsvoter will still be a net positive for the ecosystem as the market determines the proper value for tokens. In the future we will certainly be considering applying for a delegation from Steemit Inc but I'm not sure that this would eliminate the value proposition to @sportsvoter/@sportspromo though it would certainly be appreciated.

We'd also love to move towards a 50/50 split. Unfortunately at this time it would not be sustainable for the community as it would drastically increase our daily active users and thus require a decent capital investment to keep the tribe running. I detailed the reasoning for this in more detail on this comment - https://steempeak.com/sportstalk/@patrickulrich/pwrl93

I'm not sure I follow the logic on lowering the time for a powerdown. This would only increase the circulating supply of SPORTS and thus make more available to be sold on the market. I'm certainly open to reviewing this though if I'm overlooking a valuable reason for switching.

Hope some of this helps you understand my logic in our current setup. I'm certainly open to reviewing but for now I still believe that our setup is geared to grow the platform over the long term.

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Thank you for positively taking this concern @patrickulrich. I'm surely taking it note. Though I am about to click the "post" button for the proposal I made which was the same concern of my comment above. I have now clear understanding of what you're doing (and the team).

I hope your wife had successful operation. Wishing for fast recovery. Have a great day ahead.

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