Proposal for SPORTS Distribution Changes

account = "sports-gov"

nodelist = NodeList()
nodelist.update_nodes()
nodes = nodelist.get_nodes(hive=True)
hive = Hive(node=nodes)


def transfer_token(to, amount, symbol, memo, account):
    he_wallet = Wallet(account, blockchain_instance=hive)
    transfer_tx = he_wallet.transfer(to, amount, symbol, memo)
    time.sleep(1)
    c = Comment(loaded_post, steem_instance=hive)
    c.reply(str(transfer_tx), "stake_tx", account)


transfer_token("sportsprojects", 1, "SPORTS", "Continue power down; send 100000 SPORTS to @patrickulrich as a refund for this proposal then send all other SPORTS to @null", account)

!end

I wrote about the issues I ran into when upgrading our tokens during the last tribe proposal a few days ago. In that post, I proposed the concept of updating our token distribution to align our tribe to be more like Hive while also giving us more resources for SPORTS projects. The feedback I received there was positive so I'm now making it official by proposing it to the tribe.

The Proposal

I would like to change our yearly inflation distribution in a way that would add up to 970,338,265 SPORTS to our supply each year. Those would be distributed as:

  • Content - 65% - 630,720,000/year
  • DAO - 35% - 339,618,265/year

That would allow us to still distribute 315,360,000 rewards/year to authors and another 315,360,000 of rewards/year to curators for providing the content that drives the ecosystem. The 35% allocated for the token fund would mean that we'd have enough to continue funding the 102.2M SPORTS to LP rewards for SWAP.HIVE while also leaving more available for allocating to other projects.

Since the last proposal I've also learned that it is impossible to fund our token contract with SPORTS from @sportsprojects. For this reason I realize that account is no longer needed. It would be made redundant by the portion of inflation being dedicated for their defined purpose. For that reason @sportsprojects will continue powering down and then send the rest of the SPORTS held to @null after refunding this proposal.

Update SMT Contract

The only change that will be made is to lower the reward per interval setting from 80 to 60. This will equate to 630,720,000 SPORTS a year that will be made available to content rewards. Those will be split 50/50 between author and curators.

Proposed Token Settings

The SMT reward pool will be updated as follows:

Post Reward Curve: Power (r^a)

Post Reward Curve Parameter: 1
For 'power' curve, this is the exponent - 'a' of r^a. Use 1 for linear. Maximum 2 decimal precision.

Curation Reward Curve: Power (r^a)

Curation Reward Curve Parameter: 1
For 'power' curve, this is the exponent - 'a' of r^a. Use 1 for linear. Maximum 2 decimal precision.

Curation Reward Percentage: 50
What percentage of post reward should be allocated to curators. 

Cashout Window Days: 7
How long, in days, until a post is scheduled to pay out. Must be between 1 and 30.

Staked Reward Percentage: 50
What percentage of rewards should be given as staked. Should be between 0 and 100.

Reward Interval Seconds: 3
How often to add tokens to the reward pool.

Reward Per Interval: 60
How much to add to the reward pool every reward interval.

Vote Regeneration Days: 5
How long it takes to fully regenerate voting power from 0 to 100%.

Vote Power Consumption: 200
How much vote power is consumed at full voting power for a 100% vote.

Downvote Power Regeneration Days: 5
How long it takes to fully regenerate downvoting power from 0 to 100%.

Downvote Power Consumption: 1000
How much downvote power is consumed at full voting power for a 100% downvote.

Tags: #sports, #sportstalk, #hive-101690

Update Token Fund Contract on Hive Engine

The only change that will be made is to update the maximum amount per day that is allocated to the token fund. This will move the maximum amount per day up to 930,461 and will equate to 339,618,265 SPORTS a year that will be available to SPORTS projects such as Diesel Pool rewards.

Proposed Token Settings

The token fund contract will be updated as follows:

Payment Token: SPORTS
Token to be paid out to the ranked proposals. You have to be the issuer of the token.

Vote Token: SPORTS
Token to be used for determining stake-weighted rank. Selected token must have staking enabled.

Vote Threshold: 20
Minimum amount of stake required for proposal consideration.

Maximum Duration: 730
Maximum duration of any proposal. Must be between 1 and 730 days.

Maximum Amount Per Day: 930,461
Maximum amount of payment tokens a proposal can request

Do you want to require fee to create proposals?: Yes

Payment Method: Burn
Fee can be burned or sent to the fee payment token's issuer.

Fee Payment Token: SPORTS
Token to be used for paying creation fee.

Amount: 2500 SPORTS

The Costs

I am requesting to be refunded 100,000 SPORTS for this proposal paid from @sportsprojects before the burn.

How to Vote

@sports-gov will reply to this post with two comments. If you'd like to see this proposal pass then upvote the YES comment with any % upvote.

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If you would not like to see that these changes implemented then please upvote the NO comment with any % upvote.

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