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We've been live for around 6 months now. We've watched how Hive users post, curate, predict, play and stake. We've seen what works, and where the gaps are. We are crossing 17,000 Hive Power through sales of our token Medals and through post beneficiaries. Any costs incurred are on the burden of the founders @niallon11 and
@blanchy so far. We have not taken a penny from the Medals token or the token sales so we can keep building up our Hive Power. One of our missions to contribute to Hive rather than drain it. A successful platform should be self sustainable at the very least so we start as a means to go on. Competitions are funded by the founders and any competition with a MEDALS entry fee funds the prize of the competition. Over the last 6 months most competitions have been free and I have to say we had some good ones. Higher or Lower, Blackjack Boundary, World Cup Contest, Last Man Standing , and the 4 golf major contests have been a great success.
Now that we know where we are we're gonna tweak things up a bit to increase liquidity for the Medals token.
One belief drives every change below: MEDALS will be worth holding. A token that's easy to farm is a token nobody values. So MEDALS won't be easy. They'll be earned, and they'll be built to last.
Here's everything that's changed.
1. Curator rewards: less, once, and staked
Curator rewards were the biggest source of new MEDALS on the platform. That's where we've made the biggest changes.
One amount, however you're rewarded
A curator can reward you three ways: a Hive upvote from any Hive app, the Curate button on sportsblock.app, or a !medals comment. Every route now pays the same:
| Content | Reward |
|---|---|
| Post | 25 MEDALS |
| Sportsbite | 10 MEDALS (to promote more short form) |
One reward per post
The first curator action on a post earns the reward. After that, the post is done. No stacking upvotes on top of curations, no second curator piling on.
Paid as staked MEDALS
Every curator reward now lands straight in your staked balance.
- It earns staking rewards from day one.
- It counts towards your staking tier straight away.
- Selling means unstaking first, which releases in 7 instalments over 28 days.
Earn it. Hold it. That's the game. No dossers selling straight away which has been happening. We know its gonna happen but we need a system that does not encourage it also.
Same rules everywhere
- Posts must be top-level posts in the SportsBlock community with at least 5% to
@sportsblock as a beneficiary. That applies wherever you post from: sportsblock.app, PeakD, Ecency, anywhere.
- Sportsbites just need to be in the community.
- Ordinary replies don't earn curator rewards.
- Curators can't reward their own content, and platform accounts never receive rewards.
- Each curator has a daily limit.
Posting from sportsblock.app sets the beneficiary for you automatically.
2. Content prizes go monthly
Weekly leaderboards stay: they're still the best place for bragging rights. The MEDALS prizes are now monthly.
| Category | Prize |
|---|---|
| Most External Views | 200 MEDALS |
| Most Viewed Post | 200 MEDALS |
| Most Active Commenter | 200 MEDALS |
| Most Engaged Post | 200 MEDALS |
| Most Curated Post | 200 MEDALS |
- A month covers every week that starts in that month.
- Winners are calculated on the 1st, checked by the team, then paid.
- A shared first place means that category isn't awarded that month. Win it outright.
- Bot and platform accounts can't win.
The first monthly winners are crowned on 1 October. Bigger stage. Tougher competition. Worth winning.
3. Staking: 10% APR, and your tier is earned
Staking still pays a flat 10% APR, every week. Each week you earn your staked balance × 10% ÷ 52, whatever your tier. The minimum stake is 1 MEDALS, and founder accounts don't take staking rewards.
Staking tiers now reflect what's really yours
| Tier | Staked MEDALS |
|---|---|
| Bronze | 1,000 |
| Silver | 5,000 |
| Gold | 25,000 |
| Platinum | 100,000 |
- Only MEDALS staked on your own account count. Delegated MEDALS don't. MEDALS you're unstaking don't either.
- A new tier applies after you've held the stake for 7 days. Your wallet shows where you'll land after 7 days.
- Drop below a threshold and the tier goes straight away.
Tier badges are live now. More tier benefits are rolling out next: a stronger curation vote, lower prediction fees and staker-only contests.
Your wallet also shows a more accurate MEDALS total: what you actually own, with delegations counted properly.
4. Prediction markets: fair fees, human sign-off
Fees only come from the losing side
| Fee | Rate | Goes to |
|---|---|---|
| Creator fee | 2% of the losing pool | The market creator |
| Burn | 2% of the losing pool |
- Winners always get their stake back, plus their share of the losing pool.
- No losing side means no fee.
- On markets created by SportsBlock, the creator share is burned too.
Create your own markets
Any Hive-wallet user can create a market with their own question. Back it with at least 25 MEDALS on one of the outcomes and it goes live for everyone. You earn the 2% creator fee on the losing pool, whatever the result.
Every result checked by a human
Results for football fixtures can come in automatically from live match data. Nothing pays out until an admin approves it. Every market, every result.
Play responsibly
Self-exclusion (from 24 hours to permanent) and daily, weekly and monthly stake limits are live on your account.
Streak bonus
Hit an 8-win streak and you earn a 200 MEDALS bonus.
5. Contests: free and paid, and no draws
- Free to enter, funded by SportsBlock: Last Man Standing, IPL Boundary Blackjack, Fantasy Test Cricket.
- Paid entry, where the prize pool comes from entry fees: Matchday Matrix and fantasy golf and football contests. Higher-or-Lower offers paid buy-backs.
- On fee-funded contests, 10% of the pool is burned and 10% goes to the contest creator before prizes are paid.
- Every contest has a tie-break question. No draws. Somebody wins.
6. More MEDALS burned
MEDALS leave supply permanently in three ways:
- 2% of every prediction market's losing pool is burned to
@null.
- 10% of every fee-funded contest pool is burned.
- Platform revenue funds MEDALS buybacks, and every bought-back MEDAL is burned.
Fewer MEDALS coming in. More going out.
7. Joining is easier
- Sign in with Google, X or a Hive wallet (Keychain or HiveSigner).
- New Google and X users get a real Hive account, created on your first post, comment or vote. Pick your username in settings before then.
- We hold your keys encrypted so you can post from day one, with no wallet setup. Download them any time, and connecting a Hive wallet removes them from our side.
8. Everything in one place
The MEDALS token page, getting started guide and whitepaper all show the current rules, with the whitepaper available to download.
Why now
Early days are for growth. We wanted people in, posting and earning. The Sportsblock reward wallet is now growing past 16,800 Hive Power at last count from Medals sales and from author beneficiaries. This is all from having around 30 active users who are the foundations of the platform posting and making predictions and sportsbites. We thank those who have been active from the get go and we are delighted there are users from every corner of the globe. Cricket is one of the leading sports which is a nice surprise. Football obviously is huge. But we would like to get more sports involved as well.
Over the last few weeks I have been pushing The Football Exchange , our new contest that operates throughout the season for all the Fantasy Premier League users and I have also been entering sportsblock in Reddit start up networks so we have seen an increase in traffic here.
@talesfrmthecrypt came up with the Football Exchange where you buy and sell players to place on your team and the aim is to make money like the stock market. The room for expansion here is ridiculous and it could lead down a player NFT route so this year is a trial.
So Sportsblock is ticking away and growing we want to build a solid foundation when we started getting real traffic. The first few months was spent monitoring the dossers as well and now we know who they are.
This next phase is about value. Across the platform, we expect monthly MEDALS emissions to more than halve. The MEDALS that do go out are earned harder, paid as stake and held longer. That's how you build a token that lasts.
We believe MEDALS will be a success. These changes are how we make sure of it.
If you're here for the long game, this is your season.
Pure Sports. Real Rewards.