Splinterlands: Another Angle To "Rebellion"
Splinterland INC is looking to release Rebellion the next generation of cards in the game, and one of the most noticeable things from the announcement is that Splinterlands is looking to keep the value in the game and reward those who are willing to keep their packs, rather than flip them, cash in on them, make a profit and still be eligible for airdrops.
The reason for this is that the company wants to generate some massive income to run the business, pay expenses, pay bills, and keep the game running while hoping to incentivize investors who want to keep the money, immediately after they begin the presale and the sales.
The problem is that there are diverse investors in the game. There are people who just want to make enormous profit at the beginning. I think Splinterlands INC is trying to prevent this by putting a lot of clauses to holding packs, opening them, and still qualifying for airdrops.
This time, they're promising better incentives/airdrop for those who choose to stake the pack, rather than cashing in. With Chaos Legion you could easily eat your cake and still have it, but this time I think it's no longer possible.
Basically, anyone can still cash out as much as they want, but they'll not gain as much utility for their money unless they HODL their purchases for the long run
Desperate measures if you ask me
....and the reason is because I feel the company does not want to lose much money.
With the terms and conditions that come with rebellion, they're simply saying "hey, buy this, wait, don't cash out yet, stay with us, and you'll make more money in the long run". However it looks a little bit limiting, and it still favors your regular whale with massive resources to put in, but there's one exciting thing.
There's a daily burn rate which makes it possible to monitor the daily sales while burning whatever remnant at the end of the day. To be very honest, this is a very good feature. I think the company has learned one or two things from the release of Chaos Legion, and they're hoping to implement that on Rebellion. I believe the number of CL packs that were thrown into the market was the main undoing.
I think Splinterlands INC was carried away by the fact that it was the bull market, and over time, the sales carried on into the bear market, making it difficult for people to continue buying it at the rate at which they were in the bull market.
However, the fact that it was the bull market made it even more exciting.
CL had this advantage which I think rebellion does not have, but we can only wait till the presale on the 18th of October. Nevertheless, I want to believe a massive population of splinterlands players/investors are dependent on one crypto venture or the other, and since we're not completely out of the bear market, I want to think this might affect how the sales might generally go.
On the other hand, it's been over 2 years since Chaos Legion, and the excitement and expectations might just fuel the desire for people to invest massively.
However, I think the company knows it's the bear market, but it's what it is.
The game must continue irrespective of market fluctuations and all that. Nevertheless, I still feel that CL is arguably the most successful generation of cards and this is mainly because of the timing of the release. The bull market creates unimaginable wealth FOMO and hype. Sadly, this might not happen with rebellion.
This doesn't affect the quality of the packs or cards. In fact Assets in rebellion might be more potent than CL assets, but this is left to be seen. The presale might see a massive success, and this will grateful level out when the official sales begin. Of course, there will be a big incentive for the biggest buyer.
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It seems like SPL is starting a new chapter with Rebellion and all the euphoria from the last bull market is gone and maybe expectations are more realistic.
Yes, I think expectations are currently more realistic at the moment. Hoping to see how it turns out.
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Thank you
I have actually been wondering g what Rebellion is because a lot of Splinterlands players have been talking about Rebellion but thank you so much for sharing with us
I honestly think Rebellion is coming out at a bad time because land is also coming out soon. It doesn't help that they weren't earning much off the fees in the 3rd party markets until much later. I don't really have the funds to buy them on the first day so I'll see what happens when Rebellion gets released. I think I'll just buy the cards over time like I am right now with Chaos Legion.
I think a lot of people do not have the money at the moment. But there are probably whales lining up to buy. But in almost all ramifications, it's a wrong time to release it.
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There are new updates like this in the game and new things are coming so people are more interested and on top of that we will see that now new user will also come.
I think some form of long term holding incentivization will be necessary for Splinterlands assets. But maybe crypto in general is starting to see it with things like Reddit moons having incentives for holding and penalties for selling.