RE: Market Listing Fees & Expiration
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So all prices will raise of 1 dec, meaning cheap cards will not anymore be cheap, nor sell nor rented, one better burn them, why couldn't you make a % fee based on price?
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not necesarelly, since the fee is only paid once you can actually still rent cards for 0.5 dec and profit after a few days if the card is rented
I think it only affects ridiculous rentals for 0.1 dec or people or bots that are constantly changing the price on low renting cards
cheap is relative. The race to the bottom for rental listings has been a problem for a while. Anyone who's been renting has been getting a very low-cost lunch for some time.
when season rentals come out I will list a ton of cards for 0.20 DEC... but only if people are renting them of course, but then that will mean there is demand for them.
I mean, good. We can get cheaper cards while Splinterlands can burn 1 DEC per card. I think it's a win-win for us except for you if you rented it for that low. But if you still want to, nobody is stopping you. I will say thank you in advance if you do so.
yes exactly. I think some cards should be priced in such a way to encourage players that need them to be able to afford them. I will list many that will be inexpensive I'm sure.
I do agree with you this is a win/win... In fact I think it will be a win/win/win ... players/renters/game ...
The reason is say the game is not only the burn for the economy, but also the much better user experience because card owners won't be yanking away the rentals every few days to get a few more bucks. Plus some aggressive card owners constantly tried to undercut each listing by trivial fractions that made rentals very frustrating.
"card owners won't be yanking away the rentals every few days to get a few more bucks."|
I so agree on this. I'm not rich and if anything, I'm poor and able to like put $3 only per 2 weeks on the game for rental (thank Splinterlands contest), and it's pretty annoying to deal with the change in price every day. I rent the cards for the whole 15 days, and it will be cancelled after 2 days because the owner of the card wanted to change the price from 0.5 dec to 0.6 DEC. I have to spend a few minutes everyday which cards has been cancelled and re-rent them or else I'll lose on my battles.
If you can still put the cards on 0.20 DEC per day, as a renter, I should be thankful. But business-wise, it's not smart unless you do can get that lost 0.80 DEC from other card rentals.
Either way, the extra 1 DEC fee will be burned so it's not going to rotate on the market and will be good in maintaining the value of DEC especially since people can play always Brawl and get a card to burn for DEC which increases the DEC in the market and thus lowering the price overall.
What about players who are playing for 2 days straight, want to rest or have some other important things to do than splinterlands and wanted to utilize it by renting cards out and then come back in 2-3 days and play again.
This way that player have to relist the cards again and again to alternate between play and rest. The example of such player is me and I like to use my non splinterlands playing days to earn via rentals. And this is pretty bad for me. I think they should implement that if I put cards again for renting without changing rental price, it should go without fee
You can choose to rent your cards or play them. Obviously you will do what is best for you at each time you want to make that decision.
Switching between both those has a cost. If you have 100 cards you are playing, then its 100 DEC each time you want to go from playing to renting. That's about 7c ... I don't know how much you get from renting but if its not at least 7c then its probably best not to rent.
Obviously there's a cost to the game every time everyone makes a transaction. In the past they didn't charge anything and it was abused. People found loopholes and listed millions of cards many times each day. In other words humans used tools to find ways to get every penny out they could and didn't care what happened to everyone else. This will make things more fair for everyone, including you. It will make using the resources of the team more rationale and thus people will only do things that are "worthwhile". Contrast that to the fact that people exploited things when everything was free to do.
Definitely I agree with you in this, the cards I rent out is max level and I play with them as well. I'm not a big player but whatever I play is max level. Definitely it's more than 1dec per card but since those cards also don't get more than 7-8 Dec per day average, my revenue is obviously impacted by 15%
That is based on the rental rates after this change, which of course might change as you reduce supply of cards overall on the market. Plus on top of that remember that land will start to use up a ton of cards as well.
And the second point is you don't have to pay the 1 DEC per listing each day. You only pay it one time as long as your cards stay rented. So you might keep them rented for 3 to 5 days, which will cut that cost down as a % too.
Maximum I put for 3 days, usually 2 days because that much space will make me miss champion league or wrong days
Financially it doesn't make sense cause you spend BEFORE the cards are rented, let's say you got 1000 cards and list them for 0.2, you gonna spend immediately 1000 Dec, then you need 6 days out of 14 to repay that considering ALL cards get rented, at this point one just burn cards
but I only pay that 1000 DEC 1 time. If I price my cards properly so they rent out one time every 30 days, then no more listing fees.
In other words, if I do rent them out once, then a new 30 day clock will start. In theory if I price mine right, then they will almost always be in demand and I will only pay that 1000 DEC fee the 1st time I listed them.
If everyone has your same idea, market will be flooded by cards thar were 0.1 at 0.2, exactly same as now, you cant know yours are gonna be taken and not someone else, then the rest expire and you need to pay 1000 again
Now you are arguing that the market will be flooded with cheap cards?
David, think of it like this. The market will adjust because humans will make decisions, there will be no more wasted listings at ridiculous prices because that won't be efficient.
Instead what will happen is everyone (big and small alike) will only list cards at prices they feel rent out for. They will not "flood" the market either because they won't want to pay to have them relisted either. So what the market will get is what it needs at prices that both the renters and card owners feel is fair collectively.
Remember there will be season rentals too, this will be a major factor as well. Plus people have land, this will take a lot of cards from the rental market too.
I know it seems scary at first, I have tons of cards listed too. But when you think it through you will see that all this is doing in make people list less frequently if they want to avoid the fee. At stable pricing if they want to avoid the fee. And finally only list cards that are in demand to avoid the fee.
I believe that in 3 months from this happening, you will find a much better player experience of renting cards, plus I think the card owners will find that the rentals have gone up as a result of it.
Wait, 1 DEC is not cheap for you? It's currently 1700 DEC per $1. Wait wut?
I don't mean to be rude but if 1 DEC or $0.00074687 rental is expensive for you. I do think you have to find another game. One where you can rent a card cheaper than $0.00074687.
I am thinking at bronze players for example, in bronze you earn 0.00x sps per win, if prices that were 0.1 now becomes 1.1 daily, you think that's sustainable for the player? Of course not, a full set is gonna cost just too much
It's literally 1 DEC per card, like, 0.0007$. It's 15x less than a single cent.