a39f3330ac627aec8cee9615c951e0171f559c82
WHAT WE ARE PROPOSING
To build tools for Splinterlands card renting... to build a fully functional and easy to use two-way rental market.
- To help make it easier and more straight forward for new players to rent at fair prices
- To automate renting and listing rentals that find fair market prices
- To build tools to have better historical pricing of the seasonal rental market
Essentially we are hoping there to be a healthy two way rental market with good data and save both sides time and help both sides have fair interactions.
WHY A PROPOSAL
We have been petitioned by many users, also the Splinterlands team and also a few large stakeholders if we could build tools for the season rental system. Which we can. However it is not a viable business decision based on rental fees.
These tools would primarily benefit the economy of Splinterlands, new players and card owners who like to rent and play or rent for land. To be honest PeakMonsters itself is not a primary benefit of this product, the income from these tools would never return the investment (we have done the math). So because the income of this feature will likely never be cash positive for us with such small fee revenue in the rental market (let alone automated rental subset are smaller players who often just transition to owning), this why we are doing a proposal to let the Splinterlands community decide if this is something they would like.
You must ask yourself do you want these features for your new users to have and card holders to have?
THE NEED
There is a huge lack of cards in the rental market. You can check stats of most every edition besides chaos and see there are very few cards available for rent for play or for land. Many cards have been sent to work on land and many owners have expressed concern to us that they have no idea what to price their cards at and or the time to do it. Many renters have expressed a desire to rent and all they care about is a fair price.
Presently the entire rental system can not support many new users that want to come in and test the game at various levels of play and they certainly do not have the ability and user interface to compete for rentals against automated bots who try to take the very best rentals for themselves and people can not compete against this, they simply can't camp on rental listings all day long.
We have also seen that getting a full team of rentals (let alone one or two) takes a ton of time and believe that the ecosystem would benefit from real users spending less time on markets and more time playing.
It's very challenging for a new player to come in and find a fair rate for rental because usually good priced cards get taken by users and bots quickly and to get a good rate they may have to check many cards many times a day and that's just not doable. And owners simply are just often confused about what the fair price should be. Thus the need for more automated systems and improved data that also help understand good ranges of prices.
FUNDING
We are asking for $14k and we will put our full attention to these features and will roll them out quickly in the month of July.
We have been informed that HBD is likely the best currency to receive from the DAO
We believe this to be a very good deal for the community... benefiting Splinterlands market indirectly benefits all of Splinterlands.
If you also believe so then vote on the proposal. If you do not think rentals is very important part of Splinterlands economy we understand. This is for the splinterlands community to decide.
RETURN OUR EARNINGS
We will not charge to use automated listing of cards... ever. This will be free.
On top of that we will return any earnings made from the automated renting of cards... for TWO years.
SECOND HAND BENEFITS
The new features would never every pay for itself BUT we do want (like everyone else) the entire market specially the rental market to increase. We believe and hope to see an increase of the entire rental market (beyond automated rentals) so there could be some good indirect benefits to building these tools for rentals both for us and the other markets that benefit from helping users fulfill rentals.
WHAT WILL BE BUILT
A simpler system for users to rent cards and list cards.
Essentially a fully functional BUY-ASK market for renting where both sides of the market are helped to find real market pricing with features that help prevent fast races to the bottom or price gouging of renters who don't know any better.
RENTING
Our focus will be on real human new users. However anyone will be able to use the data.
Rental BIDS will be able to be made with an eye toward finding the fair market values and meeting the owner in the middle and ability to increase pricing if their bids aren't being accepted quickly. We will help users understand historical pricing and how some bids may be a complete waste of their time and energy historically speaking.
OWNER LISTING
With good data and real rental bids by players we hope to help set pricing on cards that fits the pricing narrative for both that card and that entire edition and rarity.
A CHANGE TO THE FEE PROTOCOL
- After talks with Splinterlands team both parties believe cards using the automated system should have a free re-price of the card listing once per day. This is to help find the best market rates for cards but NOT a way to start bidding wars that race to the bottom. Aka no DEC fees paid by the card owner when changing the price once per day when using an automated system. This does not apply to Regular listings or systems that aren't trying to assist in getting a fair market value
OTHER DETAILS FOR THIS PROPOSAL
- Automated repricing for both Owners and Renters will be at MOST once a day. You will not see thousands of rapid re-listings crash the pricing. The hope of the system is to help owners and renters find a common ground not just beat out other listings.
- No cost to list cards or list bids by our team for both parts of the market.
- Users can of course still use manual means with regular 1 DEC market fees.
SIDENOTE: OLD PEAKMONSTERS SYSTEM
The old peakmonsters system was built on daily rentals back when there were a lot more cards in the market, back before the 30 day unrented card removal, before the migration of cards to land and back before season rentals existed let alone season rentals only. That old technology could not work for what we have now... however plenty of what was done can be used to make this new set of features go much faster.
We also did not store historical data, in this upcoming release we will be building a system to hold the data for historical rental prices