RE: SPS Governance Proposal - Hire SMC To Create a New Mini-Set
You are viewing a single comment's thread:
Ok so it looks pretty straightforward with a minor oversight that people are making:
Use SPS Token to receive Discount and thus add value to SPS Token (increasing demand and price)
By giving "discount via SPS...", this will encourage the purchaser to use SPS as their primary token of purchase up to roughly $.01425 per SPS...
-- I think most people have made the mistake of focusing on the "discount via SPS" and their brain blocked out the second half of the sentence "... at current market prices"...
This should effectively put enormous buy pressure on $SPS up to $.01425... or almost double what we are at now
The goal is to generate funds for the Reward Pool - SPS being the Token rewarded thus the pay option in SPS
Once $SPS reaches/passes $.01425 then DEC/Credits/USDC would become equal purchasing options and allow for accumulation of other Tokens with accumulation of USDC allowing the DAO to generate Stablecoin Revenue WITHOUT SELLING $SPS AND REDUCING THE VALUE OF IT or spending $SPS (which it will need for the Reward Pools).
My conclusion: Unless I missed the mark on any of this, this seems like a brilliant move to increase the value of our Token and refill the SPS Reward Buckets...
My only hope/thought/wish: Of the packs given to the DAO, I would love, love, LOVE to see them take a % of those packs... and use them for "Jackpot" Rewards!
They could even livestream opening a portion of them and then using those individual cards at random as smaller "Jackpot" Rewards. After livestreaming, post a Peak'd article with the link to the video and the link to Pack Opening for Blockchain Verification
All in all - this seems like a great idea for a mini set and I think it will drive the price of SPS and DEC up :)