Just days ago I was praising Splinterlands upon their take on the HIVE rewards for the official posts as to burn them - Did you know that all posts from Splinterlands are burned?. And today I have observed that Splinterlands changed the strategy on that (maybe because I brought that to the light...or not :)), and they've switched to pouring the Hive rewards for the official game posts into @sps.dao. And who controls how the SPS DAO funds are used? You're right, the SPS holders are the ones that decide upon the SPS DAO funds.
And this is just a simple angle that the Splinterlands team is playing to give and add more value to the SPS DAO. I know that the bear market is hard and we all are somehow disappointed about the economy from the Splinterlands that it almost went to dust, but these are clear steps taken for its recovery. And I must admit that I appreciate their initiative to put these Hive rewards into the SPS DAO fund, instead of their own pocket. This shows that they are here for a long and building up towards that future.
The SPS DAO treasury already has some hefty assets and only in HIVE assets, it has 116,250 tokens. And this grows day after day, post payout after post payout, and simply accumulates for when there are better market times. And at that point, the community can submit a proposal to sell some of the treasury assets and buy stablecoins instead, put them to gain interest and produce passive revenue for all the SPS holders. This will make the revenues transient outside the game and make it a strong investment fund for anyone that likes steady income. As well other uses can be associated with the assets in the treasury and I am sure that others are thinking about those and we might see them in proposals in the future.
Come join the amazing world from Splinterlands!
Posted Using LeoFinance Beta
The rewards earned on this comment will go directly to the people( @behiver ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
Thanks for sharing! - Underlock#8573
They desperately need to save the game by all means, I'm sure that was why they made that decision, it's prioritizing what matters.
Posted Using LeoFinance Beta
I think they've saved it already. And now they are putting the tokenomics straight.
Posted Using LeoFinance Beta
I think that is a good move by the team. It will at least leave the funds there to help out the liquidity pools or for use in the actual game.
Posted Using LeoFinance Beta
True, it continues to gather allowing SPS holders to decide on how to better use the funds.
Posted Using LeoFinance Beta
I think Splinterlands ecosystem is the innovation leader of web3. I am also bullish on Splinterlands assets.
Posted Using LeoFinance Beta
True, they've started gaining ground once again similar to the previous year's bull market. And they have a crazy roadmap that should get us excited.
Posted Using LeoFinance Beta
Interesting. A strong DAO is good for us, the SPS holders.
Oh that’s awesome!
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.
Well I did recently start pushing some funds into the sps pools and stuff. So far it's going great! Even if I have to say so myself..
Im not a player but I can be an investor 😎
The best thing is that they are continually developing even in the bear market. This thing makes them different from other projects and platform. SPS DAO treasury is a great and user friendly initiative.
Wow, that's very good news for SPS holders.
I plan to build up in-game staked SPS this year, and now I have more reason to do it.
Posted Using LeoFinance Beta
Thanks for sharing! - Underlock#8573
