Hello everyone,
ApeOfWallSt here, been a while since i posted on PeakD. First time posting on PeakD and I am ready to be the bad guy where everyone flames and throw salt on. This is a super informal proposal in which i want to lay out all my thoughts before editing and cutting out opinion and sarcasm.
**Proposal
**
This proposal is for Splinterlands to impose a restriction on the rental market for monster cards to be a bare minimum of bronze league level.
Purpose
The purpose of this DAO soft Proposal is to help reduce circulation of monster card assets, improve new player experience, less strain on API, and many other benefits like prosperity and longevity of the game.
Key Insights
Fact 1: The biggest profitable rentals ARE single bcx cards.
Single bcx cards are not only the biggest profitable rentals, but they are the easiest to sell, worth more per bcx than a combine version.
Fact 2: Literally the entire community whines about bots.
Single bcx rentals are what fuels the massive bot farms. Some farms may own single bcx while majority rents them for less than 0.1 dec sometimes.
Fact 3: Card appreciate only happens when there is demand or when circulation is low.
How will the card appreciate if everyone wants to hold single bcx? The value will not increase, but rather fluctuate to the downside without any real demand.
Fact 4: Every day single bcx rental transactions are calling the API.
This drains the API and can be avoided.
Pros If This Idea Is Supported
New player experience will see a boost. The reason being is new player will be able to play against other new players with similar skillset instead of playing versus bot farms in novice. The FRUSTRATION in novice. The RAGE in novice. The INABILITY to win a single game with ghost cards in novice. The worse part? Unable to earn as ghost cards are ghost cards. No earning potential. By imposing this idea: New players will play against new players using ghost cards to get out of novice. New players will toy with ghost cards and with due time, without the frustration, rage, and inability to win a game in novice, there is a good chance that these players will stay. These new players have a good chance of being converted into owning asset and become what we hope every new player to be. PROSPECTIVE INVESTORS. People may say that new players wouldn't be able to rent single bcx cards to try out. New players would be encouraged to actually buy or own assets if they see a card they like to own. People may say I want to support this idea, but I don't want my single bcx cards to be combined or sit idle. Well, one possible solution would be to create "new player scholars" either through NFTY platform or privately.
Splinterlands in the beginning of time, did not even have a rental market. This is a privilege as many games or NFT projects do not even have a rental system. By having a restriction on the rental market, single bcx would not be rented out as low as under 0.1 dec. IF YOU DO NOT WANT TO combine, you will lose out on rental gains per day. In return, you will see appreciation of your single bcx almost as soon as this is implemented. For common monsters, it requires 14 bcx to make a bronze level copy which is at level 3. Taking an example would be Gargoya Lion with copies over 1.4m in circulation. Assuming this 1.4m in circulation was all single bcx (its definitely not), 1.4m/14 = 100k in circulation if people were to combine.
Alternative idea as suggested by many voices in the community: setting minimum on rentals to 1 DEC. This will manipulate the rental market into renting single bcx cards AT 1 DEC. At that point, you might as well BUY the cards. This alternative idea ultimately would solve nothing.
TLDR: If this idea/proposal brought saltiness
I would like to apologize if making sense is looked down upon. I would like to apologize if i prioritized the future and longevity of the game over your short term interest of roi. Sorry if i laid out the economics in your face, but like the feds, it will take them MANY MANY months before admitting to recession.
BUT IF YOU truly care about the game and NOT prioritize your personal interest above the future of the game, I thank you for your support.
"Value only retains value if there is a game and economy"
Currently $6,000 daily rentals/ 20k estimated players. DO the math <3.
Thank you in advance for your support and any thoughtful commentary on ways we can improve this proposal as a community.