SPORTS Governance Proposal: SPORTS Account and Distribution Changes

account = "sports-gov"

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


def undelegate_tokens(from, symbol, quantity, account):
    json_object = {
        "contractName": "tokens",
        "contractAction": "undelegate",
        "contractPayload": {
            "from": from,
            "symbol": symbol,
            "quantity": str(quantity)
        }
    }
    idxxx = "ssc-mainnet-hive"    
    trx = hive.custom_json(idxxx, json_object, required_auths=[account])
    time.sleep(4)
    c = Comment(loaded_post, steem_instance=hive)
    c.reply(str(trx), "delegation_trx", account)


undelegate_tokens("amr008.sports","SPORTS",10000000,account)

!end

I've made a couple proposals over the past few months that haven't been able to get enough support to pass quorum for @sports-gov. I've decided to combine these proposals into a single proposal with hopes that we can get these changes implemented and start moving forward from there.

The Proposal

This proposal is primarily a combination of my two prior proposals that can be found here and here.

Distribution Changes

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
  • Token Fund - 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.

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.

Once approved and updated a SPORTS Token Fund proposal will be made that offers to burn any unused distribution each day by sending them to @null. That means that some of these 930,461 may never make it into circulation. It will be up to stakeholders to vote proposals higher than that burn proposal for them to be funded.

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

Account Changes

I've created a number of accounts for the tribe and various functions they might serve over the course of the last few years. I would like to use this portion of the proposal to revise what accounts the tribe manages and provide a framework for returning any assets that were held in non-community accounts back into the community.

@sportstoken

This will become the main account for SPORTS and will replace @sportsrewards. Any updates to SPORTS must be signed by this account for the smart contract to validate them.

This account will be a multi-signature account to ensure that no one person is responsible for the tribe updates. It will have signers that are either:

a) self nominated using the SPORTS Governance system and receive a 51% approval before March 31, 2022
b) if at least 3 candidates aren't approved by March 31, 2022 then I will select a group myself to serve as the multi-signature signers for @sportstoken

These signers will accept the role of enforcing the community's desires. They should only sign transactions that have met the community's governance procedures or as a way to restore access to the system if for some reason the governance system becomes unavailable.

@sports-gov

This is the governance account for the SPORTS community. It also serves as a community wallet that distributes funds based on community governance proposals.

This account is ran day to day by the ARCHON Tribe's Governance system. If this proposal is approved then I would like to make @sportstoken the owner authority on this account and remove the individual keys it has now after completing any pending transfers.

@hive-101690

This is the community account for SportsTalkSocial on Hive. It's what controls the actual Sports Talk Social community that a lot of you post into.

This account is currently held by myself. If this proposal is approved then I would like to make @sportstoken the owner authority on this account and remove the individual keys it has now.

I'd also like to adopt two brief rules to the community to be used for moderation:

1.) All posts should be sports related
2.) Plagiarism is not accepted. All posts should be original content.

Additionally I would like to assign @cryptoandsports as a moderator for our community. This will give him the ability to moderate content that's outside of the above guidelines. It will not give him the ability to takeaway anyone's ability to receive SPORTS as a reward for their posts.

@sportsnft

This is the account that controls the creation of SPORTS NFTs.

If this proposal is approved then I would like to make @sportstoken the owner authority on this account and remove the individual keys it has now.

Other Accounts

Any other accounts that have been used for SPORTS functions in the past will no longer be considered a part of the tribe. To the best of my knowledge and ability I will send any assets from these accounts into one of the official accounts.

@sportstalksocial

A special account of note is @sportstalksocial. I will immediately send all of the liquid assets in this account to @sports-gov. The delegation to @actifit will remain active until it can be transferred without issue to @sportstoken.

@sportswitness

Another account that should be mentioned is @sportswitness. Since the majority of the funds held in this account are ENG it makes most sense for these to be sent to @sportsnft to fund any future NFT actions needed.

Remove Delegation

This will remove the delegation sent to @amr008.sports for his bot since it is no longer active.

The Costs

I will cover any network fees associated with these changes from my own funds. I may request funding reimbursement from the token fund at a later date.

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.

image.png

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

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Top 100 Stakeholders

I've tagged the top 100 SPORTS stakeholders to this initial proposal as notification of the new proposal. If you would like to not be included in future proposal tags please don't hesitate to let me know and I'll be sure you're removed from my list.

RankAccountGovernance PowerStake
1@patrickulrich8.404035266356402% GP134509464.56
2@edkarnie5.721147250022993% GP91568922.414
3@uyobong.sports / @uyobong4.776157497110251% GP76444037.564
4@razackpulo.sport / @razackpulo4.242100082004381% GP67896265.61
5@bluesniper3.75858924642565% GP60157508.984
6@cryptoandsports / @cryptoandcoffee3.6827723249631052% GP58944033.173
7@airforce3.1448501405028852% GP50334404.261
8@ctpsb.sports / @ctpsb2.2538341374068573% GP36073387.774
9@toni.sports2.164051302368353% GP34636382.73
10@bulgaria-sports / @hive-bulgaria1.9560789278975481% GP31307713.603
11@rezoanulv.sports / @rezoanulvibes1.89260550814042% GP30291799.767
12@amr008.sports / @amr0081.6629368840886876% GP26615874.73
13@bozz.sports / @bozz1.632562602831563% GP26129723.949
14@dfacademy-sports / @dfacademy1.5866142942910038% GP25394305.524
15@erikahfit / @erikah1.3856274612138795% GP22177442.381
16@zahidsun1.2036467085168014% GP19264778.068
17@fitcoin1.1868339305010074% GP18995683.794
18@yousaf-sports / @yousafharoonkhan1.0962209863393686% GP17545392.569
19@splines1.0610670070526353% GP16982741.083
20@ph1102.sports / @ph11021.0552184120732298% GP16889132.316
21@dalzphoto / @dalz0.9211321257447666% GP14743035.351
22@abh12345.sports / @abh123450.8935255291796128% GP14301182.312
23@roger51200.8845556516438483% GP14157616.348
24@bcm.sport / @bcm0.8831412861776183% GP14134978.944
25@steem.girl0.7269149893235225% GP11634523.523
26@pele230.6965770706117459% GP11148954.737
27@hykss.sports / @hykss0.6874487551064598% GP11002852.919
28@pjansen.cpt / @pjansen0.6807435925888924% GP10895534.495
29@majorleague0.6647660795995779% GP10639808.924
30@talesfrmthecrypt0.6571364403450329% GP10517693.933
31@botefarm.sport / @botefarm0.6277568889910052% GP10047464.145
32@ebuyusuf0.572881955159427% GP9169172.023
33@voter0.5421631638158311% GP8677507.24
34@ptaku0.5278422867065066% GP8448296.694
35@xak0.49990201125063755% GP8001103.01
36@cedstruct0.49876290993092687% GP7982871.303
37@yohann0.4760172547041819% GP7618819.296
38@lightsplasher0.4466439141512485% GP7148688.914
39@brofi0.44367922299351664% GP7101238.016
40@deepresearch0.4374004087975632% GP7000743.443
41@flipstar0.42631252862852115% GP6823278.121
42@fun.sports0.4201855143061768% GP6725213.157
43@cruis0.41970829016047667% GP6717575.021
44@h770.41572196477101936% GP6653772.517
45@actifit-peter / @peter20170.39722582654900096% GP6357735.486
46@manuvert0.39612294013643784% GP6340083.411
47@devann.sports / @devann0.3606268886991597% GP5771956.943
48@tomlee.sports / @tomlee0.3431342532008253% GP5491981.317
49@salimbur0.342847280963862% GP5487388.228
50@solairitas0.3408996088289625% GP5456215.068
51@broncnutz0.32235136769260697% GP5159344.112
52@cloudblade0.32082131179513196% GP5134855.043
53@anicom0.3144165828320355% GP5032345.161
54@fural0.3124874465076732% GP5001468.673
55@freddio.sport / @freddio0.30726147449751046% GP4917825.2
56@flaxz0.30375520468328454% GP4861706.15
57@irman0.29007297350532824% GP4642717.351
58@jayna0.2761991111916855% GP4420661.43
59@sbi-tokens0.2675399190371104% GP4282068.092
60@costanza.sports / @costanza0.26259223572601087% GP4202878.725
61@alokkumar.sports / @alokkumar0.2531992902107632% GP4052541.413
62@sports.guy550.250766475824171% GP4013603.385
63@ekushya0.24529614222353252% GP3926048.821
64@mcshayn0.2331422120915299% GP3731521.004
65@cryptospa0.22573413835200784% GP3612952.245
66@markchu0.22092067453494368% GP3535911.107
67@stimp10240.21172181989652772% GP3388680.286
68@indosports0.2109932966644148% GP3377020.022
69@tbnfl4sun0.2106793268174716% GP3371994.827
70@sportfrei0.20862855967047492% GP3339171.596
71@browery0.20513717113710372% GP3283290.726
72@pouchon0.19933689027468743% GP3190455.243
73@jgb0.19522679184042485% GP3124671.709
74@beatsbema0.18957582499419334% GP3034226.048
75@actifit0.18108183886165727% GP2898276.889
76@ultratrain0.18073738625599212% GP2892763.807
77@ervin-lemark0.18016579312190809% GP2883615.263
78@arsenal4life0.1781201842524636% GP2850874.592
79@djsl820.17595744099643842% GP2816259.145
80@guurry1230.1729914541463631% GP2768787.509
81@obrisgold10.16624872367345678% GP2660867.797
82@wolfgangsport0.16599961341865113% GP2656880.702
83@kolawole0.16516117313994932% GP2643461.178
84@rosatravels0.1633371098546829% GP2614266.42
85@jfang0030.16147288585484976% GP2584428.876
86@chekohler0.15882076507387105% GP2541980.774
87@fit.zone0.15860065625992775% GP2538457.857
88@anderssinho0.15807917414281358% GP2530111.357
89@ireneblessing0.157494060960833% GP2520746.42
90@toufiq7770.1559029988095168% GP2495280.925
91@nurdinnakaturi0.1551761934412762% GP2483648.156
92@carinm0.149930218985314% GP2399684.537
93@zellypearl.sport / @zellypearl0.14987656415169254% GP2398825.773
94@moyse0.14865920683815986% GP2379341.552
95@opochtli0.14568730733743204% GP2331775.282
96@philnewton0.14437941644229954% GP2310842.04
97@tfame38650.14234816165475161% GP2278331.111
98@saoirseronan0.14050387593464422% GP2248812.686
99@engrsayful0.1390618668241575% GP2225732.836
100@simaroy0.13689299230297944% GP2191019.256


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48 comments
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NO

Upvote here to STOP the proposal, any % upvote will trigger 100% GP support.
All rewards from this comment go to the governance fund

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Big fat YES for this proposal. Let's keep the steam up in 2022!

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(Edited)

It seems like whenever I am checking a post it is taking me to another.

Do you have a TL;DR version of what is prompting all of these changes and what is the benefit for that? I could some of them, but wondering about your vision for all of this.

No offense, but from my perspective, this is a proposal made by someone I barely see in the community, with 95% of people supporting it so far are people I have never seen active here. And the changes proposed are big.

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Thank you for the questions! Do you have any examples of links that went to the wrong locations? I'd need more specific examples to send the the Hive Engine team to get more detailed support but happy to dig into those.

TL:DR
Distribution Changes - When I launched the new version of SportsTalkSocial.com there wasn't correct information on setting up the token fund the way we wanted it. This led to us having a token fund with limited funds when we were expected to be using different set of funds with a large runway. The changes above will allow us to expand the token fund so that more pools and projects can be supported and grown.

Account Changes - These are mainly to assist with decentralization. Right now all of the SPORTS accounts that we use have single owner authority that I control. By adopting this change we are formally saying what accounts represent the community directly and making those accounts be held at root by a multi-signature account instead of just an account that I control.

This is a valid complaint. I am not active in the community as much as I should be. That being said I think the changes above help that situation by taking more responsibility from the founder and pushing that out into the community by voting. This in turns helps the tribe to continue to grow even if I'm not around at all.

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What I meant is that there seemed to be a lot to read that included more to read, no technical issue.

Thank you for answering me. Not that it matters that much but you got my support with what you said, it seems like the right way to go now.

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Ahh I understand what you mean now. Yeah there's a lot in the above that I've hoped to get changed for a while now. Hopefully this time will clear them all up in single push.

You are more than welcome! All support is appreciated, big or small! Your vote helps get us that much closer to reaching the quorum we need.

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Voted YES. I'll be rallying a support for this.

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Thank you for the support @uyobong.sports! Will you be interested in being a keyholder under the new @sportstoken account? After we get closer to approval I'll post a template for people to use to seek approval to be a signer in the multisig account.

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Will you be interested in being a keyholder under the new @sportstoken account?

I woudn't mind as long as it'll be to help the community grow. At least not much work is required.

After we get closer to approval I'll post a template for people to use to seek approval to be a signer in the multisig account.

Good. Looking forward to that time.

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Congratulations @patrickulrich! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You received more than 65000 upvotes.
Your next target is to reach 70000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Hive Power Up Month - Feedback from day 13
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Support the HiveBuzz project. Vote for our proposal!
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Yes . This community needs to move toward.

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I agree! I believe these changes will allow the community to operate even if I was long gone because at that point there will be a group of signers that can sign the community's will instead of just hoping that I'm around to implement it.

It'll also open up a lot more space in our token fund to propose new projects that can make SPORTS more useful for everyone. I'll be publishing a post later today hopefully on how the distribution changes could open up an entirely new market for SPORTS all by itself.

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Voted yes. Let's hope this actually passes this time.

Posted Using LeoFinance Beta

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I'm feeling positive with the first day results. We shot all the way to 40% in about 24 hours. I've been reaching out to other stakeholders as well trying to rally support from those that haven't yet voted. 🤞

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A little over a day into voting and we are looking great so far!

Total GP Voted: 41.44516635286583 / 100 GP
Required GP: 51
For: 96.47887851845577%
Against: 3.521121481544228%

We need another 10% of the tribe to vote and we'll be set to make some changes.

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We continue to improve our governance interaction! I'm thankful to everyone spending the time reading through all this stuff and helping guide our tribe forward.

Total GP Voted: 45.123812476175225 / 100 GP
Required GP: 51
For: 96.76461027032478%
Against: 3.2353897296752128%

We are less than 6% away from reaching the required governance power voting for changes to be in effect. We've got 4 days to convince a couple percent each day and we're over this hurdle!

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100% YES!
Hive is all about the communities and giving more power to the people can't be wrong!

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interesado en este nuevo proyecto!! comprando !!

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