It's been some time coming but we finally have our first look at the Chaos Legions Pre-Sale.
So was it worth the wait?
Well given Splinterlands is a trading card game, and we haven't been able to buy packs for several months, you bet it was! So let's talk about this pre-sale and what's HOT and what's NOT.
Set Information
Chaos Legions will be issued via 15M packs which is a 10x increase on the the last major set called 'Untamed'. And each pack will be costed out at $4 USD per pack which is double the previous pack price too.
Discounts on multiple packs are as follows:-
- 100-499 packs -- 10% additional packs
- 500-1999 packs -- 15% additional packs (500 packs is sweet spot)
- 2000+ packs -- 20% additional packs
So it's no surprise Splinterlands decided to increase the issue size, but 15M is actually about what I was hoping for and should get consumed in a reasonable time frame, thus allowing plenty of opportunity to see some card price growth.
That said, I think they missed the mark by pricing at $4, as maybe $3 would have got the crowd a lot more excited and still would have been a reasonable payday for the Splinterlands owners. You see doing the quick math, just this one card set will net the owners a cool $60M USD which should be more than enough to operate the business for a year. But I'm sure if priced at $3 per pack, $45M USD would have been plenty too.
So now it's over to the market to see if there is actually $4 value in each pack.
Bonus Cards
Just like the last few sets of Splinterlands Card Sets there will be scheduled card air drops once every 1M packs are sold. The idea here is that if you buy early you get in on all the air drops and gain bonus cards in addition to the 5 cards per pack you open.
NB: The first airdrop will be a limited edition card and only available in packs purchased during the 1M pack Pre-Sale.
The Pre-Sale Voucher Air Drop
So unlike previous Splinterlands sets, this pre-sale isn't being promoted on Kickstarter, but rather in the form of air dropped vouchers based on your current Staked SPS.
And in principle this appeared to be a fair system, until everyone realized they won't even have enough vouchers for just 1K packs. Which is a strange move given so many people are keen to get a decent share of the pre-sale pie.
So yeah, this is a big fail in my eyes, as some people will be pissed they can only purchase a few packs over the course of the 30 day airdrop. And some might not even bother and just sell their airdropped vouchers on the hive-engine to let someone else buy up big.
That said each 50 packs purchased will guarantee you one limited-edition promo card so that's something. But the whales will enjoy a Gold Foil version of the same card for every 1k packs. So you see why people might be pissed now?
And in addition to the limited-edition Gold Foil card, you will also receive a new title called 'The Legionnaire' which is another reason why 1k packs is the sweet spot for this pre-sale.
Pre-sale Timing
The Voucher Airdrop starts on Monday, October 18th, 2021 and ends 30 days later. However, the pre-sale shop is open until Nov 24th so you have plenty of time to trade for those extra vouchers long after the air drop finishes.
So are you excited?
I was until I realized my SPS haul still isn't large enough to get me a mere 1k packs in this pre-sale. Like people in the Mavs Discord Channel were talking it up saying they've saved $20K USD for the pre-sale.
So yeah, the No 1. rule of business is to make sure people have an opportunity to spend all their money when then want too, because the next time you ask they might not be as willing to open their wallets.
A missed opportunity perhaps?