About
The purpose of this proposal is to approve the SPS DAO to enter into a Master Service Agreement with Steem Monsters Corp for the ongoing maintenance and development of the Splinterlands game as well as purchase of all Splinterlands IP.
Proposal
If this proposal passes, the SPS DAO will enter into the following Master Service Agreement with Steem Monsters Corp (The password to open the document is Tezjat-tesgyv-7mejga ):
The SPS DAO will pay $2m per year which is a flat daily rate of $5500 per day for a period of 2 years for ongoing maintenance and development services.
- The DAO Treasurers will make monthly payments in HBD then DEC or other liquid tokens the Treasurers agree on.
- If necessary, the SPS DAO Project Manager will work with the SPS DAO Treasurers to determine which tokens are used for payment. This may include paying in other tokens, such as HIVE, Ethereum or could require burning SPS to create the DEC needed to pay Steem Monsters Corp.
- Steem Monsters Corp will value all tokens at market value at the time of receipt.
- In cases where DEC tokens are used for payments, then the price will be determined on a daily basis. For convenience the DAO may prepay a large amount of DEC tokens, however the daily rate the DEC tokens convert to USDs will be based on the daily rate of DEC/USD for each day.
In return, Steem Monsters Corp will assign full ownership of the Splinterlands Intellectual Property to the SPS DAO. You can review the full agreement here. (Password to open the document is Tezjat-tesgyv-7mejga ):
Steem Monsters Corp will be responsible for developing:
- A new core set.
- A reward card set.
- A miniset.
- Continued development of land features.
- Multiple new game modes and features.
- Other items as requested by the DAO, such as promo cards, card skins, and additional features, subject to available development bandwidth.
Revenue sharing: The SPS DAO will receive 100% of all proceeds from sales within the game's ecosystem until it has recovered its initial investment plus 20%. After that threshold is met, any additional sales proceeds will be split 50/50 between Steem Monsters Corp and the SPS DAO.
The SPS DAO will appoint its current project manager
to represent the DAO during the execution of the associated contracts and to work with the company in good faith to ensure all obligations are met by both parties.
Notes
This proposal is designed to align incentives between the SPS DAO and Steem Monsters Corp, ensuring dedicated development resources while also securing IP ownership for the DAO. Potential benefits include accelerated feature releases, enhanced player engagement, IP ownership and long-term revenue potential. The risks may include dependency on Steem Monsters Corp's performance and market fluctuations affecting future sales proceeds.