Greetings to all. I would like to offer a simple and understandable idea. I offer a buyout from the Hopr token market and offer these tokens as an additional reward for participating in the staking program.
This will allow:
unload sales from the market and give even more liquidity for those who want to exit
encourages hopr token holders to block more coins in staking
reward active community members with a large percentage apy for the NFT received
these coins will be subjected to a 3 month lockup and they will not put pressure on the price
this program will raise interest in participating in current activities to raise apy and receive more rewards
To fulfill this initiative, Hopr tokens are redeemed from the market and after the end of the staking program are distributed among the participants in proportion to their awards for all time. The token blocking period is 3 months.
The budget can be any, but the larger it is, the higher the effect for the participants of the initiative
I want to explain why this will work. There are community members who have a sufficient number of Hopr tokens on their account, but do not participate in the staking program due to low apy. At the same time, he cannot increase it by receiving NFT for other activities ( there is no time / ingenuity / technical capability ) but there are tokens or money. These people will be very happy to block more Hopr tokens to increase the reward. Other participants are very active, intelligent and erudite, receive a lot of NFT and have a high percentage of APY, but due to the small number of tokens, their reward is not too great and they would also be very happy to get a little more. And for all participants, the motivation to participate in NFT activities has also increased. For the Hopr association, this will further reduce the pressure on the price until the end of January, as the number of Hopr tokens in staking will increase. It will also increase the activity of participants in the ongoing events. I believe that now the market is almost at its peak and right now we need more active community participation, we need to promote the project and as many initiatives as possible to increase the price, including blocking as many coins as possible. No matter how much we would like a cool product, everyone benefits from the price increase.
Anyone who wants to support this proposal, please follow the link and click the heart Thanks a lot to everyone involved
As happy as I would be to get more tokens, I don’t think it’s a good idea. This will not bring anything or anyone new to h0pR. Only existing holders will be rewarded and the possible dump in price at January 17th will be even more likely.
we can specify that the distribution of tokens will not be instantaneous, but linear in several months. and as for the growth of the community and the ecosystem, the team has Hopr tokens that are designed for exactly such purposes. in another branch there are excellent suggestions about the distribution of almost 500k Hopr tokens. I think it is not right to offer the same ideas in 2 sections, as many do.
This idea seems to be good however, if I’m not mistaken the question is on how to distribute fees going forward. HOPR staking is a temporary work around for the time being and the final staking application is yet to be build (Do correct me if I’m wrong). Therefore we can distribute it for once. After that what are we going to do? as fees will keep on accumulating after the staking period is concluded. So I guess this idea is sort of incomplete.
yes, you are right, now we are discussing only that part of the profit from placing liquidity in pools that is available at the moment. I think that now it is not worth thinking about what will happen with the next batch. when the time comes to decide their fate, everything can change and the staking program will finally be replaced by cover traffic. and we will get together again and solve this issue together.
I suggest to unite first part of the Proposal 12 with Proposal 9 . In this case Hopr DAO will do a buyback with DAI, and then with 1/6 of that HOPR Proposal 9 can be realized. Proposal 9 needs to be realized with HOPR not DAI. Other projects payed with their own tokens not with stables. mho.