Governance
Karma Grand Prize Pool Community Vote
Letting eligible Bookies NFT holders decide how the current Karma Grand Prize Pool is distributed.
Proposal overview
Karma is TBook's Prize-Linked Savings Account, where eligible participants receive entries into recurring prize draws while retaining control of their deposited principal.
For the current Karma round, the Grand Prize Pool is set at $500. This proposal invited eligible Bookies NFT holders to determine how the pool should be distributed.
Background
The $500 Grand Prize Pool was originally structured to be awarded to one eligible winner.
Following community feedback, TBook introduced an alternative distribution structure that would allow five eligible winners to receive $100 each.
As both options maintained the same total Grand Prize Pool, the final distribution was submitted to the community for a vote.
Voting options
| Option | Distribution structure | Winners | Amount per winner |
|---|---|---|---|
| Option A | One winner receives $500 | 1 eligible winner | $500 |
| Option B | Five winners receive $100 each | 5 eligible winners | $100 each |
Option A: One winner receives $500
One eligible winner would receive the full $500 Grand Prize Pool.
Option B: Five winners receive $100 each
The $500 Grand Prize Pool would be distributed equally among five eligible winners, with each winner receiving $100.
Voter eligibility
To participate in the vote, a wallet must:
- Hold at least one eligible Bookies NFT; and
- Cast its vote before the voting period closed.
Each eligible wallet was entitled to one vote, regardless of the number of Bookies NFTs held.
Voting result
Option B: Five Winners Receive $100 Each was approved by the community vote.
Accordingly, the $500 Karma Grand Prize Pool for the current round will be distributed equally among five eligible winners, with each winner receiving $100.
Check the voting results:
https://discord.com/channels/1405444803029766185/1519711649177534627/1532603155492110496
Implementation
The approved distribution structure will be implemented in the corresponding Karma Grand Prize draw.
Five eligible winners will be selected, and each winner will receive $100. The total Grand Prize Pool will remain unchanged at $500.
This proposal changes only the number of Grand Prize winners for the current Karma round. All other applicable participation, eligibility, entry calculation, and draw rules will remain unchanged.