RE: 16th to 23rd May - Weekly Staking report - POB and SPORTS

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What will be done with the extra 99 billion sports tokens?



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Right now there is no exact use case for SPORTS besides curating and having more say in the governance proposals. The proposals have been delayed for quite a bit though.

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They are essentially up to the community. As of now they are held in @sportsprojects account and as requested via proposal will be sent to the @sports-gov to help fund projects.

Our current proposal system is operated by ARCHON but is still centralized to their team. Hive Engine is in the process of developing and rolling out a DHF styled contract that will be operated via a contract on the existing nodes of the ENG second layer. When that's ready I'd be interested in moving our monetary proposals all to that system and eventually moving those funds into that contract. I'd just like to see it spend some time on the market and potentially have audits before sharing the full development fund to it. That being said if there was an approved proposal requesting it I would have no problem supporting the community's wishes.

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Thank you for your response on this subject.

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