SPK Network's Governance Token Testnet

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(Edited)

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The SPK Claim Chain is becoming the SPK network. These changes are happening slowly to ensure the community owns this network from the beginning. Let's review.

There are three token types in our proposed ecosystem. LARYNX, SPK, and BROCA. LARYNX is the miner token with an ongoing airdrop that can be claimed monthly. SPK is the governance token that will help turn our HIVE "side-chain" or "layer 2" into a DPoS (Delegated Proof-of-Stake) layer 2. This current change being tested allows our Larynx miner stakers to earn a very small amount of SPK to build a seedling governance. At our proposed distribution rates of 0.1, 0.015(x2), and 0.01%, we will expect no more than 15,000 SPK tokens to be minted by the next release; after which these tokens will vote a top 20(and even the number 20) which will then vote for the networks validators and other key network variables.

A few features have been added for this release so let's cover them one by one. First, log in at dlux.io's wallet

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You might have a claim available (if so, actually claim it at dlux.io/dex), but you'll need to claim it on the test net to play with these TEST tokens.

The TESTLARYNX menu will allow you to power up your mining tokens. If you run a SPKCC node, the Lock Liquidity menu will also be available, earning the highest return rate.

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Now that you've powered up your LARYNX tokens, you're earning the base staking reward of 0.01% APR on your powered tokens. You can earn 50% more by delegating to a network provider account. You'll both earn 0.015% on the delegated amount. In the future, we hope this encourages network providers to provide better infrastructure and services without having to finance virtual miners and provide real services.

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Finally. You can see and change your delegations by clicking the magnifying glass:

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We don't expect this test period to last very long. Soon we'll be earning SPK tokens! Please leave a comment with your feedback.

Consider voting for our witnesses @disregardfiat and @threespeak.


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About the SPK Network:

The SPK Network is a decentralized Web 3.0 protocol that rewards value creators and infrastructure providers appropriately and autonomously by distributing reward tokens so that every user, creator, and platform, will be able to earn rewards on a level playing field.

Posted by @eddiespino


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24 comments
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Super excited and happy to see this taking shape. It's going to be nice putting those SPK tokens to work and interacting with nodes. The upload and encoding speeds on 3spk have also been great as of the last few weeks which has been another huge plus.

Any plans on creating a shorts type feature like tiktok, youtube shorts, Instagram reels?

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Wow! Changes seems awesome.
Thanks for sharing the details of tokens.

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Would it mean we could have a copy like google docs on 3speak?

It must be possible in theory.

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it is, it is

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it's about storing docs decentralized and allowing other people to edit it in teams.

I mean it must be possible with some front-end work. Sure not necessarily a good idea, but the point of allowing working decentral is a cool thing.

Special for idea7voting spreadsheets.

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Hmmm, I'm not sure what the versioning data on those DOCS is looking like. You talking about a GIT for Docs in my head :D

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Here we go, Speak Network is on the move and getting it to Testnet is a milestone on the path to success. I can barely imagine how this will transform the video sharing space and put the power in the hands of video producers, either professionals or amateurs.

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!PGM
!LUV
!LOLZ

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Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 15 SBT tokens to @spknetwork

remaining commands 2

BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-2.5 BUDS-0.01 MOTA-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

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Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

I'm a bot, if you want a hand ask @ zottone444


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cool update! How difficult is it to run a node (specs, IT competence)? And how much SPK tokens would we approximately earn on the mainnet by just powering up LARYNX and delegating it over a year, if e.g., we start with 1000 LARYNX?

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It's not too hard. Nearly anybody who's attempted to run one has succeeded. The Larynx cost seems to be in the 30K+ range to get a fee share(this number goes up every month as well with the airdrops), but you'll earn at the higher APR with any liquidity you lock to a node account.

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Hmmm… When I logged into my wallet a week ago, I had DLUX, SPK, and HIVE options. Today, only DLUX and HIVE:

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