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SPS Governance Proposal: Special Promotional Sale for Riftwatcher Packs

cryptkeeper17@cryptkeeper17 (65)1122d

c449882f2be62d8a36da56e28823451365760d4b

Proposal:

This proposal from the DAO would enable all Splinterlands players the right to purchase Riftwatcher packs for:

100 SPS plus one voucher per pack (no volume discount)

This would be a "Special 2-Week Promotional Sale" for all players regardless of the amount of packs purchased, and the sale would last for 2 weeks once the Devs initiate implementation (after a yes vote).

This proposal is be carried out separately from the current outstanding method of selling Riftwatcher pack for 5000 DEC, and it in no way slows down or stops the daily burning of 13,500 packs or the daily delivery of 1500 packs to the DAO. In other words, all current methods of purchases, burns, or transfers to the DAO continue to be as they have been implemented by DAO.

Current Riftwatcher purchase options would remain available both during and after the Special Promotional Sale, assuming there is a supply available before, during or after this promotion.

NOTE: All proceeds from the Special 2-Week Promotional Sale will go to the DAO Treasury.

Comments · 16

  • @smokelord(37)· 1108d

    i think this would have a better impact if the cost remained the same but a promo like we saw with chaos legion for a card instead. the salty bear got the gears moving, we need another event like that and one that wouldnt devalue current asset values. while your intention was good....this would have destroyed card value and in turn rent value and after market pack value aswell. I too am not a fan of the burn and would rather see the dao benefit some way more than 10% of burned packs. I think if we see a promo card proposal and the team would agree then we'd see a pretty nice impact in regards to pack sales.

    p.s. i know im really late on this comment lol

  • @hivebuzz(74)· 1121d

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  • @gadrian(76)· 1121d

    Have you thought about the amount of dev work necessary to add this two-week option?

  • @clayboyn(75)· 1121d

    As someone that already owns pretty much all the RW I need, I don't hate this at all. I would actually buy packs here, and if I'd let go of any SPS at that price, I'm sure I'm not the only one. (Yes I know this would devalue my own cards, it is what it is.)

  • @crypto-zard(59)· 1122d

    I made a video on this idea this week ... and no one was a fan of it https://youtu.be/niR2Gy8KZ-0

  • @uwelang(79)· 1122d

    Joke I assume? If not you are kidding me and others that spent tons of SPS, Vouchers and DEC later to buy RW packs.

  • @splex.proposals(31)· 1122d

    Thank you for participating in SPS DAO Governance @cryptkeeper17! You can place or monitor SPS Stake Weighted votes for and against this proposal at the link below: Link to this Pre-Proposal

    Updated At: 2023-08-10 01:43 UTC

    Summary

  • @garlicmints(25)· 1122d

    I suspect this proposal is going to fail miserably.

  • @ghostlybg(74)· 1122d

    I like the proposal, however, since the pack burning one passed so easily, it is obvious that the people, whom the outcomes of most proposals depend on, are mostly interested in pumping their RW bags, and definitely not allowing more RW packs and cards to enter the market. So there is no way this is going to pass.

  • @azircon(79)· 1122d

    It will devalue the RW packs. Sorry, I have to downvote.

  • @davemccoy(67)· 1122d

    I realize people can look at this as a devaluation of Riftwatcher packs, but you could also look at this as a REVALUATION of SPS. There simply isn't enough SPS available under $0.032 to fill the demand if this passed. (the price of RFW in DEC after discounts)

    So I vote for it, I would love to reduce the supply of SPS at such cheap prices. Its like a big buyback of SPS for the DAO.

  • @imno(64)· 1122d

    I want the Rift Watchers packs gone, burned, and out of the store. Any packs that are sold, I want the revenue burned. So I'm going to vote against anything that tries to bring more to the market. Especially at a discount. 🤷‍♂

  • @holoz0r(78)· 1122d

    No thanks

  • @swarminvestment(37)· 1122d

    As @bronko pointed out, this will lead to a massive reduction in card prices. Your proposal would allow the purchase of RW at 2.10 $ compared to the current 3.49 $ on HE, while the current EV is 3.81 $. 

    I see your intentions, and they are very good, but it's just not wise to try everything at the same time. We have an issue with both DEC and SPS supply and inflation, and the last few weeks have seen several proposals and initiatives to work on those issues. 

    If the market doesn't get the option to adapt but gets flooded with more proposals and initiatives, the results are just paralysis and shifting value within the ecosystem. 

    The company and community decided to burn RW and sell it in DEC to solve the issue, and this promo sale works against this decision by obscuring its effects. Standing alone, it would be great, but in the current general conditions set by the company and the community, it isn't good. 

    The main issue that remains unaddressed is that the inflation we have within the economy is primed to dilute value. But the excessive ponzi rewards we're handing out to asset holders of non-productive assets to artificially hold up their price (nodes, land, soulbound) are basically beyond return.  especially since all of them are close to becoming productive assets. The only issue is that I could have said the same thing six months ago; just as it was a burden back then, it's a burden today. 

    Neither the past proposals nor this will have any meaningful impact before we reduce the overall inflation paid out to unproductive assets, either via reduction of inflation or increase of demand, by bringing those developments on.  However, the least favorable thing to do right now is to divide the decisions made by a new decision in the opposite direction (favor SPS for RW), as with this proposal.

  • @bronko(57)· 1122d

    I see only pack dumping. result, Card prices drop to push sps for a short time....

  • @cryptkeeper17(65)· 1122d

    The important thought experiment is as follows: Original Riftwatcher pre sale buyers were able to pick up these packs with an SPS valuation (at the time of the presale) of about 8 cents (some a bit higher). At that cost at the time of the presale original buyers were able to get their packs (plus promo bonuses, plus quantity bonuses) initially for roughly 62.5 SPS/pack. ... With this proposal of 100 SPS tokens plus 1 voucher per pack that is about a 62% premium of nominal SPS paid per pack, so the original buyers are not being undercut nominally in SPS.

    But the most important facts that need to be understood in this proposal would involve the volume of SPS that could possibly be added to the DAO by players that are happy to spend their hard-earned liquid SPS. For hypothetical reasons if this proposal passes, and 1,900,000 packs are sold in the two-week period, that is 190 million SPS placed in the DAO treasury. The current total supply issued is 1,094,382,755--that's roughly 17.36% of all issued SPS at the moment being absorbed by the DAO. That is a massive amount of the total float of SPS as well as the available SPS not staked by stalwarts in game.

    At the moment of this proposal there are 1,958,712 total Riftwatcher packs available for purchase. This number will of course decrease due to players purchasing these packs and the game burning packs day to day.