Stake based Governance Model coming to SportsTalkSocial Community; How much SPORTS do you have?
It looks like the long wait for growth in the SportsTalkSocial community is gradually coming to a halt with some crucial communication coming from the community's official account @SportsTalkSocial. We know how such information as this can be encouraging to stakeholders while giving other users the reason to get involved.
For a long time now, we've been musing on developments on Hive blockchain that would leverage the SPORTS token. It seems we'll get to see some begin to roll out. reading this post penned four days speaks volume and it's exciting that alas there is some more motivation to fill more SPORTS into our bags and as well power them up.
At the moment, holding a stake of SPORTS only allows a user to vote for favourite blogs to earn 50% curation reward. Here, we'll be having an added usecase for SPORTS stake - GOVERNANCE.
The governance model as proposed by the team lead @Patrickulrich is to help decentralize the operations of the Sports community on Hive by giving decision making rights to stakeholders. One can say, like being a witness on Hive.
In simple terms, the governance would allow SPORTS stakeholders to vote for a "proposal" that they feel would lead to the growth of the STS tribe and as well appreciate the price of the token while helping bring more users to Hive. With this, any Hive user can decide to build on Hive in a way that leverages SPORTS and the project would be fully funded by the community if approved by stakeholders' votes.
We are very happy to announce that we've prepared a partnership with the ARCHON tribe to deploy their governance layerware for the SPORTS ecosystem. Pending the approval of this proposal, we will be able to operate our community without relying on any one individual's sole decision making and instead use our shared consensus to run and grow the community through the use of governance proposals. - source
At this juncture, the stake of SPORTS a user holds would tell to what extent the user can support a proposal to build on SPORTS.
Meanwhile, a handful of accounts are holding hundreds of millions of SPORTS token. However, the price of the token is quite very cheap for others to join and build their stakes before external stakeholders join us here.
It is believed that the more decentralized the community is, the faster it will grow sustainably. I see a future when we'll have like 10 sports games leveraging SPORTS token and say 10 sports teams adopting the token as a fan token, then several SPORTS would have been sent to null to help grow the token value.
Decentralization is understood to be the future of any crypto project and having Hive communities going decentralized is nothing short of being awesome. With this new development, we don't just earn from our stakes, we also help to build the community.
Remember, I presently earn as much as $100 and more from SPORTS curation monthly. It would be exciting to support a huge project that would build a sports game with my stake still simultaneously.
It can only get better!
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I am trying to post via dbuzz and other platforms to ask users to vote on the proposal.
As of now we have 31% , we need 51% .
You've been a pleasure to work with at building this tribe and I can't thank you enough for the support you've shown the community. I'm excited for what will happen when anyone can begin building things for SPORTS and the community can then reward them!
He's a really dedicated man towards his goal.
Thanks bro for the supports.
Thanks really Sir. It's my joy to support a project that has a future. I hope the STS will come back to live soon!
Well, this is huge news! I have some Sports, mostly thanks to your votes, where all Sports have been staked. I think also it will be a good opportunity to hold on them with the upcoming development.
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It will be a good alternative to keep them staked. The future will be great for SPORTS.
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Yes ofcourse. One should be able to start powering up his SPORTS holdings to take advantage of the governance participation. I,m powering up more too.
https://twitter.com/Uyobong3/status/1351594245539426305
This sounds wonderful, right now I have staked around 124k SPORTS and I intend to continue growing little by little, I really like writing about sports and I am thinking of expanding my content beyond soccer, and knowing all these good plans for the future, it sounds wonderful
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Now is the best time to accumulate SPORTS because of the new 50/50 curation format, I hope you are successful on your journey. The more diverse content for the community, the better.
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Just talking about that, I got a contest of football when you can earn LEO or SPORTS tokens, if you want to participate, here is
It surely can only get better. Growth is a gradual process, in no time I see sports mooning, which is why am staking as much as I can with the little cash I have and from post and comments too.
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damn a 100$ a month from curation alone is quite something. ofc you need to have a big stake to achieve that. also it's really cool that their model is focused on decentralization and giving power to more people!
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I believe that anyone who undertakes to dedicate himself to his activities in the community and if he wants to buy some SPORTS for the very cheap price, he will be able to get great numbers in curation reward.
We all have room to grow and it's one of the things I like about the second tier community.
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exactly!
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Indeed, it's very surprising to see him mention those numbers. As for me, my initial investment in SPORTS has so far doubled.
i don't have much somewhere around 20k i think
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Excellent news! If it weren't for your post, I might have been slow to learn that.
I already voted there on the proposal and I hope that the SPORTS community can grow even more from now on. I am happy that we will have more decision-making power from now on.
Decentralization wins again.
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STOPIt's a great achievement to stay on top of the governance power list. You're doing big for the Sports Talk Social tribe. You're indeed a big man.