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The goal of allocating a portion of packs from the sale to the SPS DAO is to allow the DAO to retain a relatively small number of packs to use for promotional purposes. Unfortunately, we believe that the way it is currently set up allocates significantly too many packs to the DAO, which will be a major problem as the set gets closer to selling out due to the new jackpot prize mechanism for the Arcane variant cards.
Currently, 10% of the unsold packs each day are allocated to the DAO treasury, however, since only a few percent of the available packs are sold each day, 10% of the unsold portion is more than the total number of packs that actually enter circulation.
Please see the table below for some specific numbers as of the time this proposal was written:
| Pack Type | Amount Sold | Amount in DAO | % in DAO |
|---|---|---|---|
| Standard | 264,251 | 267,113 | 101% |
| Alchemy | 159,852 | 48,735 | 30% |
| Legendary | 22,303 | 27,520 | 123% |
As you can see, the DAO currently holds nearly double the amount of total packs that have been sold, vs the originally intended target of 10%, and this percentage is increasing daily.
We believe it will be much simpler and have less potential for issues if we just choose the number of packs that the DAO should have up front rather than using the current percentage-based system that varies based on sales.
After discussing internally and with many SPS DAO stakeholders, we believe we should allocate the following number of packs to the DAO:
- Standard: 12,000
- Alchemy: 4,000
- Legendary: 2,000
This is nearly $150,000 worth of packs which we believe is more than enough to use for any promotions the DAO would like to run while not causing issues for the jackpot prize system or worry that huge amounts of packs will be put into circulation at some point in the future, lowering the scarcity of the cards.
If passed, this proposal will have the following effects:
- The DAO treasury will burn all three types of CA packs in the treasury beyond the amounts specified above.
- The mechanism for allocating additional packs to the
sps.daowallet each day will be stopped.
Why This is an Issue
The jackpot prize system introduced with Conclave Arcana awards special cards (Arcane variants, Archmage Yabanius, etc) randomly among CA packs based on how many cards are in the jackpot prize pool compared the number of unopened CA packs and the number of CA packs still remaining for sale.
For example, if there are 100 cards in the jackpot prize pool, and there are a total of 20,000 unopened or still for sale packs, then the next pack opened would have a 100 out of 20,000 chance of receiving a prize card (or a 0.5% chance).
Currently, there are still millions of packs left for sale, so the chances of receiving a jackpot prize in each pack is quite low, but as we approach the set selling out (no later than March of 2026) the chances increase dramatically. The goal of this is to create an exciting end to the CA sale and hopefully encourage pack purchasing and opening at the end which will generate much needed revenue for both the company and the SPS DAO.
If the DAO holds hundreds of thousands of unopened packs, as is currently the case, then even at the end of the sale it will be very unlikely to get a jackpot card when opening a pack, and the majority of the jackpot cards will never be awarded for as long as the DAO holds on to those packs, since they will not be opened.
In my opinion, this would undermine the entire idea of the jackpot prize pool, significantly reduce sales, and should be addressed as soon as possible.
Why It Should be Addressed Now
Some players have expressed concern that if we make this change it will have a large effect on the chances of getting a jackpot card when opening packs. While it is true that the chances of getting a jackpot card in a pack will increase if the DAO does burn most of their packs, the change will be relatively small if it is done now due to the fact that the vast majority of the packs are the ones remaining to be sold.
If, however, we wait until the sale is closer to ending, or ended completely, then it will have a dramatic effect that will significantly penalize players who opened packs before the burn. That is why it is of the utmost importance that this be addressed as soon as possible.
Here are the current numbers as of the time of writing to show the exact change in jackpot prize chances per pack as a result of this proposal:
| Pack Type | Unopened | In DAO | Remaining Sales | Jackpot Mult. | Total |
|---|---|---|---|---|---|
| Standard | 12,502 | 267,113 | 1,754,977 | 1x | 2,034,592 |
| Alchemy | 4,236 | 48,735 | 350,994 | 3x | 1,211,895 |
| Legendary | 1,604 | 27,520 | 175,495 | 6x | 1,227,714 |
Based on the above table, the total packs outstanding used in the jackpot calculation is 4,474,201, and, as of the time of writing, there are 4,191 cards in the jackpot prize pool for CA packs. That means that currently, each Standard Pack has a 4,191 out of 4,474,201 chance (0.0937% or 1 in ~1067 packs) of receiving a jackpot card.
If this proposal is passed and the majority of the DAO packs are burned, then the total packs outstanding will be 3,931,809, and the chances of each Standard Pack receiving a jackpot card will be 4,191 out of 3,931,809 which is 0.106% or 1 in ~938 packs.