Re-Submission: Eliminate Leaderboard and Wearable Rewards — With Conditional Restoration Tied to Profitability
Gabe keeps deleting and reposting this proposal. Having achieved over 280M NO votes. Making this one so he cant delete and its on the record it "failed". New ones he makes cant be considered valid or in good faith, unless they get more than 280M YES votes
Background
The first vote to remove leaderboard and wearable rewards failed.
New financial data shows the cuts are now essential:
| Week | Net Revenue | Leaderboard + Wearables |
|---|---|---|
| 4/14 – 4/20 | + €1.40 K | €4.00 K |
| 4/21 – 4/27 | + €0.02 K | €4.26 K |
| 4/28 – 5/04 | – €4.81 K | €4.48 K |
| 3-Week Total | – €3.39 K | €12.74 K |
We lost money while paying €12.7 K to users who mostly hold no $BAG or create lasting value.
Rewards now drain ≈ €4.3 K per week (~€17 K/month)—about one-fifth of our monthly burn.
Redirecting that cash to paid acquisition with a 2.5 × ROAS could flip the business to break-even.
Proposal
1. Immediate Action
- Eliminate all leaderboard and wearable rewards right away, saving ≈ €17 K/month.
- Do not reallocate these funds yet; the goal is pure burn reduction.
2. Conditional Restoration
- When BAG.WIN records €100 K in monthly net profit (not revenue), wearable rewards resume at 100 % of former levels.
- For each additional €100 K in net profit, rewards rise +30 %, capped at 300 %.
- Profit figures reviewed monthly; payouts scale automatically with performance.
Rationale
- Data-driven: €12.74 K in rewards erased all gains and pushed operations €3.39 K into the red.
- Capital efficiency: Cash now subsidising zero-stake users can fund growth channels with measurable ROI.
- Alignment: Rewards return only when the platform can clearly afford them.
- Treasury protection: Cutting this 17 %–20 % drag immediately extends runway and lowers break-even.
Summary
- Cuts ≈ €17 K/month of unproductive spend.
- Extends runway and reduces burn.
- Sets a fair, automatic path for rewards to return once the business is firmly profitable.
- Re-aligns spending with common-sense, business-first discipline.
Vote FOR to protect the treasury now and reward everyone later, when it’s sustainable.
Vote AGAINST to keep paying extractive rewards that push the DAO further into deficit.
Off-Chain Vote
Timeline
May 14, 2025Proposal created
May 14, 2025Proposal vote started
May 17, 2025Proposal vote ended
May 17, 2025Proposal updated