Proposal Pass Fail and SPORTS Price
There were three proposals. Two proposals passed and one proposal failed. 100% support went to the proposal for advertising change and proposal to launch @sportswitness for Hive Engine witness, so they passed. On the other hand, the proposal to adopt rewards change for SPORTS failed.
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We are going to see changes based on this proposal. People usually don't like to see ads, but here we all want to see ads because this is what helps this platform grow and expand its reach. :)
The revenue from the ads can be used for different purposes. The most obvious one is to buyback SPORTS tokens from the market and burn the tokens.
When SPORTS tokens are burnt, it will reduce the total supply, as a result, it can increase the demand in the market. If the demand for sports tokens also increases by buying pressure, there is a huge chance that SPORT will do much better in the future. Let's see the SPORTS price today.
Honestly speaking, the selling pressure is huge, still, SPORTS price keeps rising. The big green candle can put a simile on your face. On February 19, SPORTS opening price was 0.000297 HIVE, then it went up to 0.0004989 HIVE, and the closing price was 0.000408 HIVE.
You can do anything with your SPORTS token. You can stake it to earn curation rewards and you will have more SPORTS tokens since the curation reward is 50% or, you can sell it in the market. We all want to sell at a high price to maximize the return.
If you think SPORTS has a bright future and you can sell SPORTS at a way higher price than what the market offers now, you will hold the SPORTS token. Hope the change from the approved proposals will move the platform ahead. I'm also excited to see the upcoming development in Hive Engine. This will definitely grab more attention.
So what do you think about the overall impact? Please feel free to leave your comments below. Thank you so much for reading this post.
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I surely think tokens has a great future. All it takes in ONE community who wants to come and use the platform, to grow the userbase and spread out the tokens more widely.
Posted Using LeoFinance Beta
Is see this as the biggest benefit now as we need to get some tokens out from the market and out of the hands of people not believing or want to develop STS.
Yeah I'm impressed that it seems to still have a positive uptrend. Hope we can keep up the momentum
Yes it's crucial to spread the tokens around the community around it. That's one of the things that Leo has done really well when we see the vote diversification :)
Yes, the more people have the token, the better. Buyback token and burn strategy work well, binance coin is a good example.
Unity is power. As long as we are together as a community, things will move in a positive direction.
@rezoanulvibes keep up the good work sir...this is a great suggestion that will make the SPORTS token grow
Glad to see what's happening on SportsTalkSocial right now. It will get better as long as we are together as a community.
That a proposal can even come come out shows we are ready for a change the success or failure isn't the issue. To keep on innovating is the liveblood of any crypto network.
I believe we are on to something great here.
Let's look beyond the failure and success
Congrats, you were upvoted from this account because you were in Top 25 engagers yesterday on Sportstalksocial .
You made a total of 2 comments and talked to 2 different authors .
Your rank is 8 .
For more details about this project please read here - link to announcement post
You can also delegate and get weekly payouts.
I think it is better to move forward step by step. We will see more changes and it will get better day by day. :)
The proposal, which failed to pass, was it like to stop the way in which, we, the actfit users are getting free SPORTS for using the tag only, without posting from the tribes website?
There will be a new proposal with different percentages of cut-off rewards if that's not a native post. Hope the proposal will pass that time.
It was a great week and it can only get better. Let's keep pushing it through.
Yes, it was. Hope this week would be better than the previous one.
Have a great day!