$1500 on a Splinterlands NFT! And no Warning of the 5% Fee, Is that LEGAL?

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(Edited)

Here's the raw TX data showing one of the latest Splinterlands NFT sales:

Screenshot 20210918 at 19.40.45.png

That particlar sale was for almost 100 000 SPT which is $1500.

Note that 5% of that is a fee sent to 'spt-nft'.

At least I assume that's a fee - on the front end the sale displays as 100K SPT, it's only in the background that you notice 5000 of those going NOT to the seller but to the middle-man.

Oh, and 5% - WHAT THE ACTUAL FUCK, ARE WE TRYING TO MAKE ETH LOOK CHEAP?

I just tried a 'mock sell' without going through the final confirmation - and nothing - you get the impression you're getting the full whack.

If I were the @splinterlands team I'd go through and refund sales-fees SHARPISH - with no visible warning of those charges I think this might be illegal, and get the fees information up on this front-end.



14 comments
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Yeah I actually think they can be more transparent with displaying the fees taken from sales before the sale is done, same with rentals.

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With rentals I've no problem, they've got a 'small print' section! But the fees are mental.

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Sure, some more transparency might be in order, but illegal is another matter. On a global distributed blockchain, in which of many jurisdictions might it be illegal and how exactly would one go about seeking redress?

Caveat emptor would seem to apply here.

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Agreed... I bought more than a few and now selling them at higher price is not getting easy to cover the 5%, and did you know the official @splinterlands is minting nft cards on nftshowroom and who knows where else and now not only our NFT are now devalued but our SPT also... i agree, what in the actual fuck?

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I didn't know that about the minting on NFT showroom.

That sucks.

Not accetable.

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Agreed, they are lucky game is growing very fast or many more would be dumping their spt & nft cards

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100% there should be an indication of the fee placed somewhere. I think 5% is reasonable for small purchases but taking 5% on larger purchases is too costly. An easy solution to this is having a max payable fee.

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