RE: SPS DAO Mints Promo Card for SPS Stakers
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Do I understand it correctly that the only thing you would be taking as a payment for this promo card is the voucher? Say I have 10k sps staked at time of screen shot, I would then give the dao 10 vouchers and get 10 promo cards in return, no sps changing hands?
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Yes that's exactly correct.
What does this achieve? The maths on this seem absolutely terrible.
If I have 10K SPS, i can buy 10 BCX of a common card at the cost of 10 vouchers or let's say $0.90 currently - and using the average common CL card, this promo card will be worth around $0.04 each, do a total of $0.40 value.
This is a -EV transaction.
It also won't even chew up many vouchers. It's kinda pointless as far as I can tell.
What do you think I am missing, that counteracts these points?
Its up to you and you will be able to make that determination once the card comes out. If the card will be worth less than 1 voucher then of course you wouldn't want to do it.
I would think the Devs would make a card that has a value of greater than 1 voucher or it wouldn't be effective. But having said that, who cares if that happens?
If no one wants the card, thus there was no "benefit" to being a staker of 1000 SPS, then there would be no value distributed. But also there would be no loss either.
On the other hand, if the card turns out to be worth more than the cost of a voucher, then everyone that staked 1000 SPS would get a chance to own something that they think is worth more than the cost of a voucher. Some chance is better than 0 chance.
Regarding your comment about this not chewing up much vouchers, I have 2 replies.
Again, maybe and maybe not. Depends on the card and the participation.
Maybe you consider it pointless, which is ok, but I feel its important for people to think about how the DAO can get things done to help anyone within the SPL ecosystem. In this case the proposal is attempting to reward SPS stakers, but someone else can make a proposal to help someone else.
So I wouldn't consider this process pointless, I would consider this process as just a step in a long journey to make something great.
You have to start somewhere and not all proposals have to be complete gamechangers. Sometimes the purpose is just to learn what you can and can't do.
I hope I counteracted your points, but its ok if you still view it as pointless. Honestly I just value your time (and everyone else's) spent discussing it and contributing to the whole process! To me that's the point and will make us much more effective in time!!!
I mean you let it open with your preposal so the team could also create a rare (or better) card.
I think if you get 5$ discount by buying a node with a voucher the card should be at least rare and not common for one voucher to really add a interesting oppurtunity, I mean if the card is rare you can also say 1 BCX with 1 Voucher for every 3.000 SPS to reflect the differences in the BCX you need to create a max-level-card.
Yes we left it open in the proposal because that's only fair because they (the team) are doing this for free. We offered to pay them to make the card, but they said they didn't need money for this one (but maybe for future ones).
I really have no idea how good the card will be or what the team comes up with, but I think the proposal is a good thing because 1) everyone can choose whether to buy it or not based on a 1 voucher cost and 2) we all can see what is possible over time by these type of proposals even being considered.
One card is just one card, but of course I hope its cool and something that we all feel good about and enjoy! :)
The question is what will be the further way, I mean when the nodes will be a success, maybe a voucher will soon be 1$, 2$ or even 5$ worth and you will bite your ass that you spent your vouchers for a card who cost arround 0.2$ like Arkemis the Bear, who know this ?
Definitely that's an choice everyone will decide when its released. But I like that we get that choice and each person can decide for themselves! :)
hope so my 18 soon 20 nodes will be worth alot of money lol
Just remember this is just ONE of many ways of doing this. I love that you are giving more ideas (that may in fact be better). But the point is to get ONE done, then we can have lots of proposals with all kinds of good ways to do things in the future! :)
let's say I will definitely don't spend 100k DEC to get a proposal ready for vote.
Maybe I would think about if you would get the 100k back when you proposal is successfull, but not in this way that Splinterlands can put every proposal immeiately for free in and others have to pay 100k dec.
I believe they are just making sure the proposals are serious proposals. But one day I think there will be more ways to submit proposals. The most likely will be a 'crowdsourcing version' where lots of players get together and fund the expense together because they feel it is important (but a small amount per person).
Really ?
I mean I am not a prophet or a fortune tellers but I think that most people would come to the causal chain that if they submit a spam or joke-proposal their reputation would be spoiled a lot with the downvotes they receive ... I guess you would not like if your reputation fall under 0 cause you had submitted such a propoal isn't it ?
So it would be just a try how many people here really care about destroying their reputation just for fun.
You can't base CL $ value to a promo card for certain reasons as promo is only available on shop vs CL can be obtained from packs and packs are also tied to DEC peg and all those mechanics.
It's on individual it decide if it's worth cashing out the vouchers vs buy the card. Depending on the card and how useful it is, market will auto price it. Also $$ value of vouchers change as well. So if you think that vouchers are priced more than cards you can sell vouchers and buy card from market at cheap rates.
TLDR; It's a card that can be played and will definitely be fun to collect and may be useful in many scenarios.
This math isn't really correct. The community isn't that dumb, they won't sell BCX of this card for less than $0.1, since it would obviously lose them money. Given the cost of the card (one voucher) plus the staking requirements, and the expected BCX coming out, I'd guess this promo will land around $0.3 or so.
if you get like a 100 vouchers a day it is less relevant i just sell them for now to get glx and will be saving again soon bc usually i can have enough lead time with the sps stake and nodes to get them
Will just lower the price of sps but i like it ill have about a million plus by then so ill get 100 cards so why not lol. Then i can sell them and buy sps cheap with all earnings if it drops.