One of the most exciting facets of a community-owned sports betting platform is the idea of a community-managed treasury. The community treasury is in charge of accelerating the SportX ecosystem through incentives (e.g. liquidity mining), marketing initiatives (e.g. tournaments), and other strategic partnerships. SX token holders that stake their tokens have control over the Treasury.
The community treasury will initially be seeded with 53.0% [530,000,000 SX] of the overall 55.0% community allocation. SX token holders can choose to distribute these tokens on an ongoing basis through contributor grants, community initiatives, liquidity mining, among others. It is up to SX token holders to govern this community treasury sustainably to ensure the long-term survival of the protocol.
The SportX protocol currently charges a 4.00% fee (subject to change by governance) on the winnings of every bet. These fees are automatically pooled into the SportX Community Treasury contract. The fees that flow into the fund are fully on-chain and auditable.