RE: Revamp Market Fees to Include 2% DAO Royalty

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(Edited)

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APPROVED
Even if the numbers could be slightly different it is essentially what we have been asking for for years. Aka that both sides of the work for listings be rewarded. Yes it does cut down on the earnings for sales of which we're presently the biggest recipient ... but that's alright because the adjustment is worth it as it brings a long awaited fairness into the market tools dynamic and gives incentive to all sorts of websites to build a full suite of tools for players.


Nuances

If we had our choice our team would have chosen to see it at 2.5%(sell-ui)/1.5%(list-ui) With perhaps 1% going to Splinterlands to help pay for the API servers instead of the non-ui fee. BUT... even still we will happily support this proposal as is. The beauty is that after these technical changes take place making a small adjustment to the numbers will be very easy.

The reality is that the choose your own fee was a unique and worthwhile idea in theory that we supported but in action we have seen that low fees were predominantly used by BOTS so we think it's fine to have a set fee and will mostly impact bot farms and i think most people are gonna be fine with that. We have had sub 5% listing abilities on our site for years and not that many people used it so I think it's gonna be fine to have a set listing fee.

We could argue that maybe 1% of all sales should go to Splinterlands API for their work on servers that support the marketplace instead of taking bot listing cut which seems like more of a thing that should go to DAO. BUT... certainly not something that would change our mind on this vote. We'd be interested to know which of the two things Splinterlands would prefer more. There is a good amount of non-ui action that goes to Splinterlands already so they're more aware of it's benefits.

RECAP
We hope this passes. We did let @cryptoeater know we would support it as he worked on it after we heard that he reached out to Splinterlands and they said they'd be willing to make the change if it passed. Even if it leads to a smaller cut on sales it will give us and others to build a well rounded suite of tools for both sides of the equation.



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I think my own personal opinion is changing a bit on this proposal though i'll continue to support it as i think we can make a proposal to make some compromises after this proposal has finished (successfully or not)

Been watching the discussion and some of the issues people have with it and Based on feedback, I have always thought 2% for listing is too high even if i think that other market places will adapt i still think there should be more emphasis on sales than listings but should the proportion be 3.5/.5 or 3/1??

So my idea for a compromise is
3.5% selling ui
.5% listing ui
1.5% dao
No UI used =>linterlands servers
Total 5.5%

Anyway i'm still listening and thinking about it.

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