Members holding staked $SPORK ($sSPORK) will receive a portion of community-generated profits in a groundbreaking DAO profit-sharing initiative.
Introduction to SporkDAO’s Patronage Model
SporkDAO, the Colorado-based Limited Cooperative Association (LCA) behind ETHDenver, has distributed $52,800 in profits to its community members—marking the first DAO patronage token distribution. This model aligns token incentives with long-term value creation, rewarding active contributors to the ETHDenver ecosystem.
"Governance tokens, as they’ve existed in the past, provide no real incentive to create value for a DAO. To achieve success as a DAO, the token distribution and the organization’s vision must align."
— John Paller, Founder of SporkDAO and Chief Steward of ETHDenver.
How the Patronage Distribution Works
- Eligibility: A snapshot on October 15, 2024, identified members holding staked $SPORK ($sSPORK).
- Profit Allocation: The $52,800 distribution is split among eligible participants.
- Qualification: Members earn $SPORK by contributing to ETHDenver (e.g., attending events, stewarding, or submitting #BUIDLathon projects).
👉 Learn how to stake $SPORK for rewards
Key Features of the Model
- Staking Rewards: Staked $SPORK grants access to profit distributions.
- Community Focus: Encourages sustained engagement beyond the annual festival.
- Regenerative Cycle: Rewards attract active members, fostering growth.
The Vision Behind SporkDAO
SporkDAO serves two core purposes:
- Web3 Innovation in Colorado: Supports Governor Jared Polis’s vision of Colorado as the "First Digital State."
- Community Integration: Connects the global Web3 community through collaborative events and value creation.
$SPORK tokens cannot be purchased—they’re earned via patronage activities like:
- Attending ETHDenver.
- Submitting #BUIDLathon projects.
- Creating festival art.
Upon creating an ETHDenver Account, members receive 1 staked $SPORK for future rewards.
Upcoming Patronage Events
The next distribution will occur during ETHDenver 2025 (February 23 – March 2), themed The Year of the Regenerates.
About ETHDenver
ETHDenver is the world’s largest Web3 #BUIDLathon and Community Innovation Festival, hosted annually in Denver, Colorado. It unites blockchain developers, artists, and innovators to advance decentralized technologies.
👉 Explore ETHDenver 2025 details
FAQs
Q: How do I earn $SPORK tokens?
A: Contribute to ETHDenver by attending, building (#BUIDLathon), or stewarding.
Q: Can I buy $SPORK?
A: No—tokens are earned through participation.
Q: When is the next distribution?
A: February 23 – March 2, 2025, during ETHDenver.
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