ETHDenver’s SporkDAO Issues First Patronage Token Distribution 

Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
SporkDAO pioneers decentralized profit-sharing with its first-ever patronage distribution, rewarding members holding staked $SPORK for their contributions to the ETHDenver ecosystem.
Last updated:
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content. While it has undergone editorial review to ensure quality and relevance, it may not reflect the views of Cryptonews.com and is clearly distinguished from our independent editorial content. If you wish to advertise with Cryptonews, contact us.

Members holding staked $SPORK ($sSPORK) will receive a portion of community-generated profits.

SporkDAO LCA (Limited Cooperative Association), the Colorado cooperative that owns ETHDenver LLC, distributes $52,800 in community-generated profits to its members. This is the first time a DAO has issued a profit distribution for patronage to its members.

“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. This is what SporkDAO aims to achieve through our patronage token distribution model,” said John Paller, Founder of SporkDAO and Chief Steward of ETHDenver.

On October 15, 2024, a snapshot identified eligible members with at least one $sSPORK. The $52,800 in profits will now be distributed among them. This distribution is SporkDAO’s first patronage event, showcasing a new model in DAO-based rewards through an LCA structure— a novel approach for decentralized profit-sharing.

SporkDAO’s patronage distribution operates within the framework of a Limited Cooperative Association (LCA) model, emphasizing equitable profit-sharing based on contributions to the ETHDenver ecosystem.

To qualify for patronage and earn $SPORK tokens for staking, members must actively contribute to ETHDenver by participating in activities:

  • attending events,
  • serving as stewards,
  • submitting projects to the #BUIDLathon.

Staking $SPORK enables members to access profit distributions, ensuring rewards are tied to both active participation and long-term commitment.

This distribution marks the start of regular patronage distributions designed to encourage sustained community engagement well after the ETHDenver festival. The initiative reinforces ETHDenver’s commitment to shared community value and rewards.

SporkDAO serves two primary purposes. First, to realize the vision of Colorado becoming a destination of choice for Web3 innovation while also becoming the “First Digital State,” as announced by Governor Jared Polis in February 2021. Second, to integrate the greater Web3 community with Colorado through access to events, experiences, and collaborative value creation.

$SPORK tokens cannot be purchased. Members earn $SPORK for engaging through patronage activities that contribute value to SporkDAO mentioned above. Upon creating an ETHDenver Account, members automatically receive one $SPORK staked to ensure eligibility for future rewards.

By rewarding community contributions and staking with tangible value, SporkDAO’s patronage model helps retain and attract active members, creating a regenerative cycle of participation and growth. The subsequent patronage distribution is scheduled at ETHDenver 2025, February 23 – March 2. This year’s theme is The Year of the Regenerates.

About ETHDenver and SporkDAO

  • ETHDenver is the world’s largest Web3 #BUIDLathon and Community Innovation Festival, bringing together blockchain developers, artists, and entrepreneurs to collaborate on decentralized applications and infrastructure projects.
  • SporkDAO is the community-owned cooperative behind ETHDenver, using the LCA model to facilitate shared value creation and support Web3 development through initiatives like Bufficorn Ventures.

For more details, visit ETHDenver and SporkDAO.

More Articles

Price Analysis
7,8% Growth in the Last 24h: Is PI on the Way Back?
Arslan Butt
Arslan Butt
2025-03-22 12:02:26
Price Analysis
Bulls to Reclaim $2K Threshold: Big Trend Shift for Ethereum?
Arslan Butt
Arslan Butt
2025-03-22 11:25:57
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors