Why I plan to HODL my POD's from the Sportspodium network
Today @sportpodium gave some updates on their emission model and governance structures.
It's seriously exciting stuff for me who likes to HODL coins.
The emissions model has some very interesting and possibly unique elements.
Below is the image used in the update that can be found here
A portion of the POD's created daily is targeted at the two (activity and recruitment) rewards areas and an equal portion is targeted at vested users as inflation protection.
What is intriguing is that the rewards element is not a fixed pool but is elastic and only grows to meet the demands of users, ambassadors, friends etc. rewards.
Any unused reward POD's are therefore added to the vested inflation protection. This implies that while the platform is still immature and underutilized those that show commitment via vesting their POD's are rewarded with a multiplier to their inflation protection.
That's great news for HODL'ers and will be an incentive to hold and secure the network by participating in governance structures rather than just dumping straight after the token sale.
The scaling element is also intriguing in that once usage is high a new rewards system can be adopted by the largest sporting code and be repeated whenever necessary to scale the rewards system.
Solid support for buy and hold strategy. Thanks for the good work.
thanks for your full defenetion man this was a wonderful article about sports podium concept
@gavvet,
"the rewards element is not a fixed pool but is elastic and only grows to meet the demands of users, ambassadors, friends etc. rewards."
Wow, you mean it's not a fixed pool and only grows to meet the demand! That's amazing and yeah perfect!
"once usage is high a new rewards system can be adopted by the largest sporting code and be repeated"
Definitely it will attract more investors and yeah HODLers will be the winners at the end!
Great news and yeah hope to be a part of this great project! Thank you very much for sharing such valuable information with us! Really appreciate your effort!
Cheers~
Follow me broo 💜💛💚
It is always good to hodl if you are a long term thinker or investor.
The people who hodl benefit when the user base increases.This is long term thinking.
Follow me broo 💜💛💚
Thatš an interesting structure, I agree with some commentators that this elastic rewards system might attract more investors. I always support decisions that are unique and made for the sake of users.
Follow me broo 💜💛💚
THX @GAVVET this is getting better by the day.. unfortunately I can't give up my steem power for now.. I also believe in this.. the rest of my small wallet has such a big loss that I have to HODL.. but i will follow this for sure..
I actually bought STEEM for the first time today.. i made a post about it.. nice feature the currency market!!
Thx @gavvet for your support.. this keeps me going forward on this great platform.. did you see this? https://steemit.com/archaeology/@rival/archaeology-north-brabant-museum-part-2-a-place-you-have-to-visit
This is absolutely amazing. I didn't realise this was how they were going to go about things. I guess now people can have more confidence that this coin won't instantly get dumped later on since now people have an incentive to hold it. If you couple that with the great concept they have SportsPodium could grow significantly in the future @gavvet
yes that's true
Interesting about new rewards systems being generated in high usage.
interesting to see the plan for distribution - i reckon it looks good for the long term and i will be holding mine too
I already get my POD's and I plan to hold it. I have a feeling that my POD's will soon gain a price as high as the bitcoin.
The PODs aren't actually released yet, right?