This proposal was submitted by for review and approved to be ran as a DAO sponsored proposal by all members of the SPS DAO Foundation.
Proposal Summary
If approved, this proposal will remove Glint as an accepted currency for purchasing potions in the Splinterlands shop. After implementation, the only accepted currencies for potion purchases will be:
- Credits
- DEC
This change is intended to strengthen the economy by increasing the amount of DEC burned and improving long-term value for gold foil and legendary cards.
Rationale & Expected Benefits
Increased DEC Burn
Potions purchased with DEC are currently burned as part of the in-game economy. Removing Glint from potion purchases will force more potion sales to occur via DEC (and Credits), thereby driving increased daily DEC burns, which can help tighten the peg and stabilize the economy.
By current average figures, players purchase ~10,000 potions per day under normal conditions. These are greatly increased during new card releases (airdrops, sets, etc). Over 80% of these are purchased via glint.
If all glint potion sales were converted to DEC sales we would consistently burn an extra 10 million DEC per month, with added large spikes around special events.
Increased Value for Gold Foil & Legendary Cards & Potions
In reality not all of those glint sales will get converted to DEC sales. These lost sales will instead result in an increased value of legendary and gold foil cards.
It will also decrease the negative feeling associated with pulling potions from chests. This is currently one of the worst feelings in the game, pulling an item that could have instead been directly purchased with a fraction of the glint used to buy the chest. If this proposal passes, pulling potions from a chest will reward an in demand item that could otherwise only be purchased with DEC.
Implementation Details
Implementation should be relatively simple as the DEC and credit purchase options already exist in separate tabs. The glint option and all references to it will need to be disabled.