[PASSED] KICK-8: $KARATE Staking Working Group

I wouldn’t personally lock my tokens.
for any length.

1 Like

Think we have to prioritise onboarding and UX at every turn given growth is the mandate.

KC has a unique opportunity to be crypto’s first real-world non-financial app, and has a real shot as onboarding millions of users.

Let’s not forget that onboarding players during an actual event might have a higher retention of those players (seeing event in person, getting excited, downloading app & participating)

There’s also the added benefit of keeping the tokens used to vote locked up (feedback re: tokenomics)

These are the kind of incremental changes that allows a community-owned league to move faster than other competitors

Lastly, there should be additional tokens granted to winning bets that account for lockup period (longer lockup, more rewards if bet is won). Given that fights aren’t booked 4 years in advance (heard the Curve feedback above), I don’t think long lockup periods are an issue.

Voted yes - excited to explore staking as a growth mechanism for the league.

4 Likes

can you explain more why?

for staking to fix the current hurdles with marketing & onboarding, users will at a minimum need to lock their tokens through the date of the event they are voting on.

otherwise, without a snapshot block, the same tokens could vote multiple times, etc.

This is the way Karate :martial_arts_uniform: :+1:t3: a suggestion is to reach out to Dovu and see how they did it.

i dont think the exact dovu model will work because there is some lockup required to remove snapshots.

1 Like

@karate combat game love it

Start taking random snapshots… Next big unlock distribute a little to the fans who are also “founders.” I will use my rewards for a press release… Then watch buyers who hold flood in.

Be different.

Again a warning. Locked staking gimmicks are dumb as dog shit.

Please don’t require anyone to do something dumb as dog shit. I used to love the locked staking rewards. If I lose it stings, but doesn’t hurt much. Now I have lost enough doing that dumb shit. I fucked around. I found out. I use the app way too much and should probably offload a shitload of coins anyway to a safer wallet. But again. It will sting. :honeybee: For some it could be life altering bad.

Random snapshots are much more flexible for everyone, have infinite scalability, can be dynamically designed on an event by event basis.

Long term staking only benefits lazy rich fucks who don’t give a single fuck about the organization, the fighters, the fans or anyone else.

Fuck em

Sorry. I got off on a rant…

Butt fuck em

There are lots of different “staking” gimmicks out there. Let’s be completely different!!!