SPS Governance Proposal - Crypto Gaming Recovery Fund
The purpose of this proposal is to determine if the SPS DAO would like to embark on a major marketing venture with Splinterlands. The intent of the marketing venture is to establish a Crypto Gaming Recovery Fund that will be used to engage with and offer an olive branch to communities that have had their games cease operations by providing them with hope and a long term opportunity to grow with us in the Splinterlands.
Proposal
If this proposal passes the SPS DAO will allocate up to 100,000 Rebellion packs and 30,000,000 SPS into a new HIVE multisig wallet to be used to establish a Crypto Gaming Recovery Fund in partnership with Splinterlands. The terms for this allocation will be as follows:
- 100,000 Rebellion packs will be sourced from the sps.dao wallet.
- 30,000,000 SPS will be allocated from the remainder of the LP incentives that are no longer being distributed.
The SPS and packs will be added to the account as follows:
- Year 1 (Initial funding)
- 2,000,000 SPS and 5,000 Rebellion Packs
- Year 2
- 2,000,000 SPS and 10,000 Rebellion Packs
- Year 3
- 3,000,000 SPS and 10,000 Rebellion Packs
- Year 4
- 4,000,000 SPS and 15,000 Rebellion Packs
- Year 5
- 4,000,000 SPS and 15,000 Rebellion Packs
- Year 6
- 5,000,000 SPS and 20,000 Rebellion Packs
- Year 7
- 10,000,000 SPS and 25,000 Rebellion Packs
The SPS DAO reserves the right to alter the terms of this proposal or to stop future allocations entirely at its discretion by passing a proposal to do so.
Not decided if I like this or not yet. It seems a lovely gesture but could be a waste of assets/money. I've voted yes for now until convinced otherwise
We're going to have a DAOn Hall in 12 minutes to discuss it in the Discord server and on the DAO YouTube channel.
oh snap, forgot about that. Thanks for the reminder
great DAOn hall, thanks for the explanation. Looking forward to those sticky pickles 🥒
Could make some inactive accounts active again.....won't know until you try!
I think that's already happening
Can we have more updates for this for people who cant join into the DAOn HALL?
hey @sorryismurf who nuked your account ?
@davemccoy and @blazekos joined me for a DAOn Hall to discuss this whole idea in more detail. I'd invite everyone that couldn't attend to check it out:
Can we have a summary? Not everyone can follow it or watch the full video + has good listen English skills
The summary is linked at the bottom of the post. It's a google doc. You can click here if you'd like.
Ok, I tought town hall had something more than it
It explains it a little further, going into depth about the economics and the expected results. Of course, all participants are very positive about the idea. It's a little redundant. The Fact Sheet works to know the most important parts.
Obviously I support it because I worked with Clay on the DAO side to figure out how we can make this work from the Splinterlands Team side. I believe the potential is huge and the risk is low.
I believe that this proposal embodies two messages naturally and are our 2 best selling points:
Both points are very powerful and this proposal if passed will make them very well!
Excellent written proposal clayboyn. Easy to read and understand. Love the additional information idea.
Will have a read this weekend, thankyou
Something to consider - pragmatically, of course. If the "Failed gaming projects" were a result of their audiences actions - (as opposed to one of poor design, or bad implementation, or poor security) - would we want that olive branch to be extended to a potentially toxic, abusive audience?
Is there to be due diligence on which projects and under which circumstances players are given an olive branch?
Are there provisions to not reward members who already have existing splinterlands accounts and assets to get free stuff just because they were involved in something that tanked?
I can probably think of other considerations, but just putting them here to provoke some discussion.
I no longer have any SPS stake, so my opinion may not matter at all, but I think these are important things for people to think about.
Yes we discussed the vetting process in the stream I linked above. The DAO will have to vote to approve projects as well.
Ok I'm for poaching the communities of failed games :)
If you do not see opportunity within tragedy, you are not capitalisming correctly.
Just want to say to start by saying I have no idea whether this idea will work or not. So in no way do I want to rubbish it before it has had a chance to succeed.
Here is what i do know.
Dave has said Splinterlands will run this itself, without DAO funding, if this proposal fails. For me then, it makes it a very easy choice for the DAO. Let Dave run it for a year. Come back to the DAO with evidence of how well its running. At this point, yes let us get involved as a DAO. Waiting a year has zero risk for the DAO.
Infact Splinterlands could put the extra funds in for year 1 and after proof of concept we retrospectivley cover our year 1 bill.
In this proposal they want the DAO to give away 30,000,000 SPS approx $270,000 and 100,000 rebellion packs $400,000 without any evidence it is going to work. This is on top of what Splinterlands the company will be giving away.
To put it into context the DAO currently has
No plans on how to extended gaming rewards for existing players
No plans to convert a single dollar of DEC or SPS into other crypto to pay for its future bills. This is largely due to players being concerned about its effect on DEC peg and SPS price. Yet we are not concerned about the effect on SPS price, of giving away $670,000 worth of FREE assets !
The DAO has no money for exchange listings.
I am sure there is other stuff the DAO should be doing before this.
Another of my main issues with the proposal is 'I FEEL' it is being used to mask Splinterlands doing a U turn on using an external marketing company to do some real traditional marketing. Only a few days ago Dave said they weren't scaling back marketing. Yesterday he admitted they've scrapped plans to used the external company. Obviously this depends on what you feel is reducing or rolling back marketing. For me this should have been announced BEFORE presale.
I'm going to be posting this in discord Dave, let me know if you think anything here breaks your discord rules. As thanks to Azircon my comments here are hidden. I have avoided using the word 'conned' as it seemed to upset you yesterday.
@davemccoy @clayboyn
It's odd you trust a guy from a marketing company (who sounded like a sleazy used car salesman) more than Splinterlands, which says the guy couldn't deliver.
Nothing to do with who. Everything to do with being under the impression we were getting traditional marketing. Now we’re not.
I'm thrilled the company didn't blow the budget on an unreliable company delivering "traditional marketing." I don't want to see more of the same "traditional marketing" that failed to work while the company was flush with cash. SPL could have "conned" us countless times before now, particularly during the last couple of years when they've instead been fiscally disciplined.
Well if there is no doing traditional marketing they should have made it clear from the start of the hive funding. Do what you say your going to do or loose trust.
I don't believe SPL defined any specific kind of marketing in those proposals. They've been pretty open about planning to test, experiment, drop what doesn't work, and go with what does. Kind of like what's happening right now.
Glad your happy with their efforts I’m not.
I'm sorry you seem predisposed to be unhappy with their efforts.
Feel ya, damn buildawhale ... well az in your downvotes on Hive real human with real input here :)
I said that Splinterlands will be able to fund it separately, but not to the same extent of course. These are 2 separate entities.
As for your numbers, you are missing this part which is huge
The items you are listing in #1, #2, #3 are all irrelevant to this because the payments are not guaranteed, they are not liquid funds, and they are not being "sold". I do think all of those are important for sure though.
@fivemishras you are seeing what you want to see, but you are not seeing the truth. You said that you had lost faith in discord today and I feel bad for you. I wish you didn't and I wish I could get you to actually listen to what I am saying. But no matter how many times I tell you, you are hung up on that one outside marketing firm being the "only way we can spend marketing money". You are fixated on it and you can't understand that he is just a guy that decided how to spend money.
I am not rolling back on marketing, in fact my message is contrary to rolling back. But you only see what you want to see. I'm not even sure you know what marketing is, but I do know that you are 100% mistaken when you say that I'm scaling back. Removing a decision maker doesn't change the funding, in fact if it was a bad decision maker, then its can improve the funding. But you don't want to see that. You had your heart set on Andrew being the guy that would make things work, and there's not much I can do about it.
I'm glad you aren't using the term "conned" because that is not the truth. I think its fine if you post your disappointment, but please make sure you don't keep repeating things that I've clarified aren't true.
I am not scaling back marketing.
You may not think I know what I'm doing, and that's fair for you to think so. I realize that until I show you and anyone else that I do know what I'm doing, then there is no way to judge.
I'm happy to discuss with you via DM, I'm also happy to have a public discussion with you. But only to try to help you to understand the truth. I don't want to debate you about my intentions, I know what my intentions are and they are not debatable. But I am happy to explain in more depth my thoughts and plans any time you are ready to listen.
Also if you leave like you said today, then I will wish you well. I still will feel bad that I was unable to connect my message and objectives to you. I saw where you said you invested $40k in this new set, and it was more than you normally do, so I don't want you to feel worried or nervous either. Crypto is a risky business and as an investment its definitely tough. I believe that when people have too much in any one thing, then their mind and gut will tell then when they have too much. In this case, this might be true.
So again I wish you well whatever you decide to do, I hope even if you keep a small amount that you stick around. You are a long time player here and you've been part of our fabric and active regularly. I will be sad if you leave, but I also don't want you to worry as much as you are worried.
Feel free to reach out to me via DM and if I don't talk to you, then thank you for being here and giving the community your time and emotional investment as well. I respect that!
I invested 7k ish in the new set thinking their would be marketing. When i added all my assets up it was 40k. I don't normally check.
marketing
the activity or business of promoting and selling products or services, including market research and advertising.
advertising
the activity or profession of producing advertisements for commercial products or services.
Digital Marketing: Utilizes digital platforms and technologies, including websites, social
When we got the Hive funding and it was for marketing I expected the above. Place the ads for the game/product see if the ads work or not. Adjust as necessary. I have no preference to who or how it is done. Just advertise the game. In my head this is the usual way to market, most companies do it this way?
Are you planning a marketing campaign as described above that advertises the game itself, separate to any recovery fund campaign ? If so when is it starting and where can I see the ads
The recovery fund isn't my main concern, the lack of a separate campaign for normal marketing as I have set out above, is my concern.
Maybe I have missed understood you. I've tried to ask twice. So can you clarify for me please.
RE the recovery fund
What we've currently got is marketing, the giving out assets I have paid for, to people for free. I've experiencd this giving stuff out for free in other crypto projects. My concern is it may possibly undermine prices further.
But as I said earlier I have no idea if the recovery fund will be successful or not.
You say the items given away wont be sold. What you mean is they wont be sold by the DAO or Splinterlands. You've no idea what % of all the new users will sell once paid out or not.
As for my points 1,2,3. The DAO is giving away assets, it normally would not sell, even to help its long term funding issues. once given away they can be sold
Yes. It has already started. We have a marketing program with YGG and we also have started advertisements on X. This is just the beginning.
I have told many people on many shows, that we are going to be doing marketing. We have in fact started. We have a relatively limited budget, so in order to have a meaningful impact we have to make sure that whatever we do is measured and productive. We can have limited trials, which the 2 projects above are, but before we launch a full-blown marketing campaign, we need to improve our retention numbers. We are just weeks into the new set, and we haven't even rolled out our Foundation card earning program.
You are equating a lack of perceived activity as a sign that there has been abandonment of the marketing. I have told you that getting new players is my number 1 goal. I have to do that or I will fire myself. Of course I will need marketing to do this. More marketing than you envisioned.
I hope that clarifies this to you FM.
Yes what I meant by sold is by the DAO. They will be given out and possibly sold by the players in 1 year, 2 years, 3 years etc on the liquid tokens... and in 7 years for the packs.
You are right I have no idea how many will sell, but I do know what they CAN sell and when. The most that can be sold in 1 year would be 2m SPS from the DAO ($18k), that's if every single person sells every single amount they received. That is the downside cost for the next 12 months.
Thank you for taking the time to reply Dave
The target audience is nearly perfect for this type of marketing. If they have gone as far as to become investors and players of another blockchain game, we will have far less convincing to do to get them to invest in @splinterlands and other related projects from Invennium.
Gotta be honest I hated this idea at first. So much opportunity to game the system.
Devs spinning up games they plan to rug, spinning up alts to come to us begging after they rip themselves off. It's going to take a lot of wisdom to discern who's a straight shooter and who's an opportunist pretending to be a straight shooter. That said, I feel like the potential rewards outweigh the potential risks.
As always, it's the optics that matter. If people see this fund as naivety on our part it's going to attract the wrong people and repel the right ones.
Nobody wants to invest in a project which throws value away.
I like the idea of having a group of DAO members that are active in other games help to sort of "pre approve" the projects and then having the DAO vote to approve including them. It should help to filter out abuse.
We'll want to require something be signed by the EVM keyholder to verify that we're talking to the right guy before we let him claim that value here, and I'd prefer to see them play in Modern.
If you're confident the logistics are manageable and we have trusted community members willing and able, then I can see it working well as a marketing exercise, but I can't stress enough how much the optics matter.
If crypto gamers get the impression we're handing out free money to rug victims, we're going to attract empty wallets and repel full ones.
I would expect (given Dave and Blaze's integrity) that we would only approach the communities of the 'real' projects that failed, and not the countless obvious short lived rugs and scams, and would steer clear of any 'new/fast failures' designed only to intentionally try to take advantage of this program. Discretion for inclusion would be paramount and I trust their judgement there.
I like this proposal and the idea of alternative marketing. I'm wondering how much sense it makes to give out Rebellion packs once it goes out of Modern, especially if these are going to new players. If I were a new player and SL said to me: here are some free cards, but you need to pay to use them, I'd feel like it was a scam. I know the DAO has the right to adjust the offerings in the future, but I also feel like it makes sense to at least suggest in this proposal that packs from new sets will be included in future years.
Getting the iPhone app sorted first would be a great idea
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BEER.Too bad Splinter lands cant acquire the other games assets... probably risky legal-wise and too much of a distraction.
I hate to see Ember Sword gone for good. Hopefully someone buys it, but I assume the product was not good enough to sell at this point.
But really, it seems like a good idea.
Overall I think this is a great idea! Definitely will need to work hard on the vetting process but even just as a marketing campaign it is a sound idea plus it has the potential to push Splinterlands to be leaders in the cypto gaming world.