This is an idea…. Was wondering could we create more creative ways of engaging our smaller holders and increasing DAO voters.
K9 could leverage Snapshot’s Boost feature to incentivize greater participation in K9 DAO proposals and community activities.
Objective:
Encourage K9 token holders, primarily smaller users to actively vote on governance proposals or engage in community decision-making to strengthen DAO engagement.
Reward Tokens:
Use $KNINE as the primary rewards.
Add a secondary token reward, such as knBone, Bone, Leash or a partner token LTD, Sharbi, to broaden appeal and collaboration.
Snapshot Proposal Boost Suggestions:
• Deposit a set amount of KNINE tokens (10 Million $KNINE) into Snapshot Boost smart contract for distribution.
• Snapshot Boost distribution methods:
• Lottery: Randomly reward 50 voters with a capped chance for fairness, ensuring that even smaller holders can win.
• Proportional: Reward based on voting power but cap the maximum reward to avoid monopolization by whales.
Eligibility Criteria:
• Require a minimum $KNINE holding (20 Million KNINE tokens) to qualify.
• *Exclude wallets that only recently bought KNINE tokens to prevent front running.
• Bonus rewards for locking $KNINE for a specific duration (6–12 months).
Expected Outcomes
Increased Participation: Smaller holders feel incentivized to engage, as they have a fair chance at meaningful rewards.
Enhanced Token Utility: The use of $KNINE and esKNINE as rewards reinforces their utility and attractiveness.
Broader Awareness: Partnering with other tokens like BADidea.AI, LTD, Shib boosts visibility within their communities.
Sustained Engagement: Active voting habits form, setting the stage for long-term participation.
I think this could encourage people to vote maybe have a little fish vote on bonus rewards, they could receive partner tokens or more knine, or something like that
Are we having trouble meeting quorum on votes? Seems like inventive to vote on Snapshot would be beneficial in that case, but i thought we continued to outperform quorum expectations.
I am going to double down on what I have said in the past about… I can’t even find a definition of what this would bring about so I will explain it.
In China there is a massive spread of influencers. Both fake and real. Most of them are fake. It’s not just China that has this widespread availability of willing “snake oil” vendors either. It is all over youtube, tik tok, musically, basically name a video platform and it has them including but not limited to all social media platforms. I should just shorten it to the internet.
Encouraging behaviors such as this will paint up K9 as just another PS. (Words withheld for obvious reasons.) Adding “trophies” or “achievements” in this manner to coins is NOT a good idea. Investing, staking, and locking K9 tokens needs to remain strictly organic. We have a product that does well on its own. There are going to be economic downturns in the very near future and most retail investors are generally short sighted. I project in the next 9 months we will see a grand wealth transfer. I say we avoid this behavior at all costs.
I had idea’s in the past about “rewarding” brand loyalty with badges for both musicians and brand names alike with “icon.” but that project fell apart as it caters to the ones with the most money to flaunt their wealth among the masses. It was worse than NFT’s. So I scrapped the entire project. It would only induce fringe benefits teetering on impulsiveness.
This is very similar to my idea of “Icon’s.”
To explain it briefly: those tags you see on brands with holographic images “authenticating” the item as an official purchase could have a QR code on them. This QR code could be printed on anything including tickets (to concerts, planes, events), Real estate papers (commercial and residential), physical goods (art paintings, CD records or vynil, guitars, luxury cars, backpacks.) This QR code would unlock what I called ICON’s, special digital goods to show off your collection of purchases made with any brand. The more you bought the more it would unlock. I spun it off to special editions including themes, holidays, limited runs, and economic progress.
A seemingly “harmless” project that could infect the world. I scrapped it because it would create an instability too quickly. And this behavior I now try to avoid. I see it all of the time online everywhere. Young people are especially susceptible to this as they look up to “millionaires” in an attempt to be a copy cat. They will do what ever they say so long as the whispering vapors of gold are flowing out of their mouths. This tag is quickly becoming synonymous with an individuals name who created a new definition in the financial sector. I oppose this.
There are pro’s and con’s… I tend to agree more on your side, we definitely need the most organic loyal community members, thank you for sharing your perspective Buzz.
But could we use the “Secondary” DAO token to help incentivize smaller holders to participate in the DAO. Buzz mentioned using a token strictly for Governance/Voting.
I think participation needs to be encouraged. I don’t believe we need to incentivize it. We will always have those who own Knine to just make a quick dollar and don’t want to participate. The true investors will always be the ones trying to give time to participate. We all have busy life’s and participation is not always an option. I think our continued focus on advertising and marketing is the best prospect to get more participation.
