I enjoyed reading your thoughts and am thankful that members of the community are coming together when issues occur!
In time I think we will see a good portion of the @sportsprojects tokens being burnt in some fashion. They are intended to act in the needs of helping develop projects to grow the community but as things stabilize they'll be removed.
The 10 SPORTS was the preferred distribution for the platform until the initial exploit against the SPORTS token happened. This forced us to inflate the token economics to offset the growth the initial abusers had over the platform.
This creates a situation where it's tough to go back down. That's because anyone who has used the platform over the last 30 days would now have a 10 month advantage over any new users that started today at the lowered distribution rate. This will dissuade new users from joining the ecosystem as they will have little way to excel in comparison to the early adopters.
The recent changes with the addition of @sportsvoter and the redistribution of inflation towards Steem Power delegation is likely the biggest contributor to changing market conditions. I say inflation but what's actually occurred is new tokens have been decreased to 80 while the 20% are being paid from
@sportsprojects until this idea pans out to be worthy of distributing actual inflation. Since rewards have been paid out to SP delegators as liquid SPORTS it's created a large downward pressure on price as new supply is being directly introduced to the market.
To remedy this we will be deploying an update as soon as it can be coded into the system where earnings will be rewarded as SPORTS POWER instead of just liquid SPORTS. In the short term this will lower the supply being distributed to the market as users will need to power down to liquid SPORTS to move to the market.
More importantly this will force delegators to decide if they should be foregoing powering down and instead join the SPORTS community by using their new SPORTS POWER to curate content. I feel this will encourage delegators to be more aligned with the long term vision of SPORTS as opposed to be merely being a financial tool that they use to print more tokens.
In addition to the change towards only SPORTS POWER we'll also be changing the amount that's distributed to 10% of the token's inflation. This will better align the value of @sportsvoter's upvote and thus burn to the number of tokens being distributed through
@sportspromo to delegators.
These are still early thoughts so would love to hear your thoughts on the potential upcoming changes in this regard. If you have any suggestions for a better path or are not clear why we'd choose to go a certain path please let me know. The more minds behind this the better it will end up!
RE: My current thoughts on the economics of the SPORTS token.