RE: SPS Governance Proposal - Sell 2B DEC-B for DEC or Vouchers
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If you think that DEC-B should be "soulbound", meaning NOT transferrable or sellable, and can ONLY be used to make eligible purchases within the game, please upvote this comment.
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It being soulbound is a must, but this don't solve everything inflationary about this new useless token and this proposition. There is many other ways to create new ingame sink for your DEC, SPS, Voucher without the need of creating a new one, I'll vote no without hesitation as in this current form, this proposition makes no sense at all for the long term well being of our echosystem.
Stop creating more problems and simply deliver on what is already in the pipeline that will already be benificial for everyone:
-finish the lands
-implement the SPS player staking that will both force bots to stake SPS if they want reward and remove the need for any soulbound cards or new useless tokens.
-Implement more ingame burning sink to spend vouchers, DEC and SPS that will let the market work itself and make them all all goes up following the law of the market to dictate it's price by simply reducing the volume available on the market.
and again simply focus on the current pipeline to make the game better not worst.
If its soulbound the only people buying it will be people with big land assets and they will use the dec they already accumulated and are storing for that. So we are virtually giving a 20% discount for nothing.
Yeah we'll see the final form of this proposal and if it does make sense once final, so be it.
Not a big fan of this section especially :
"Once implemented, the SPS stakeholder community can vote to conduct a sale of a specified amount of DEC-B tokens, at any price in DEC and/or VOUCHER tokens, at any time, and for a specified amount of time, in order to help bolster the demand for DEC when/if it is needed."
If it's soulbound that will be less of a problem but I still don't understand why we need a new token for that.
Did we needed a new token in order to make the Xmas sells on pack?
But again, as not convinced as I am currently, we'll give them the benefit of the doubt and simply vote accordingly.
If it's not soul-bound then it doesn't really matter as big whales or people will try to scoop up as much as possible and then trade it on market at higher prices. It's like flipping money for 20% discount. Soul Bound Ensures that people that need to spend DEC but that instead of people buying to just sell it later for profit or arbitrage the market.
ehhh idk about your thought process. its stated that it can be used for future card mini sets possibly and promos. if you a avid player then you can bet that most people that participate in these things will also be buying. there is more this will be used for than just "big land assets". if this was not soulbound then the bots would buy this up and trade it and then dec would be moved with the price of it aswell due to arbitrage. that would more than likely drive the price of dec down as we have seen with many other items that are able to be arbitraged. this discount should be for people who want to put their dec to use in the game which keeps it in the ecosystem and for sure will be burned instead of just used as another item to suck wealth out of everyday players via markets.
This will benefit the WHALES only. Trust me, they had all the DEC and voucher in their hand and they can manipulate this.
I thought of a sink instantly. Add 10% fees to sales. SPL can pocket 5% and burn 5% DEC. Wont take long to burn 400 million dec without the need to create some new token...Might even make DEC slightly deflationary. Plus SPL can turn over a few extra k a day from market sales.
After seeing the new version(soulbound) and hearing what the Splinterlands team had to say about it in the last town all, I have to say I'm more favorable to the outcome of implementing this new DEC-B.
I'm however still not convinced this required a new token since they were able to apply a seasonal discount on packs and various other optional discounts in the past, without the need of any new token to be involved into it.
That said, as an active player, I do appreciate a 20% discount on future land and other sink option in the game and since the "soulbound" part have been clarified, this remove a bit of the market manipulation/margin trading that could have been abused if it would have been openly tradable.
As for it's impact on DEC/Voucher price for the short term, I'm definitely not sure this would have any benefit right away but at least from what Matt confirmed to us on the last town hall, they are working to implement the lands and with it, future potential sink for DEC as well as the Card staking (which will force people to merge more cards to gain better bonus from staking them at higher levels etc.) on top of the SPS player staking that have been confirmed to be on the top list of the priority. All of the above really reassure me that we're going on the right direction in terms of helping the value of our tokens and therefore minimize the impact I taught DEC-B could have on the long run in inflating DEC volume and be bad on it's price.
I'll potentially change my vote to yes as I currently think my initial reaction to it might have been amplified by the current bear market and FUD feeling that have been present in the current market sentiment and despair that kinda make us all react more negatively as we see our asset losing value every single day.
I do think we all need to step back a bit and appreciate the splinterlands team effort to improve our game as much as they can and as hard as it is in these dark bear market time, accept that price will keep going down until the next bull run and that until then, we need to focus on energy on what works and the potential future of the game to avoid the easy path of embracing the FUD.
To the splinterlands team : Sorry if my initial reaction might have sound harsh as I thought this idea was initially coming from the team and I really still think the focus must be kept on the pipeline, which you all confirmed it was on the last town hall which made me realize I was fast to judge base solely on front value of said original proposal.
Cheers!
soulbound would be nice, but what if DEC-B was soulbound was optional, but if you do then maybe an incentive?
dec-b is a bad idea and soulbound anything against the spirit of a blockchain game
Thanks for listening.
If DEC-B becomes Soulbound would you be able to use it to buy sellable assets?
Not normally, only usable to upgrade buildings, or in other use cases which would be introduced, where DEC is burned. Although if you consider land potions sellable items or even the option to allow mini-pack purchases for DEC-B, then the answer is yes.
pretty sure they said it can be used for future promos and mini sets.
Yes, they did state it could be used for a future purchases of mini card sets, among other things. If this wasn't spellbound I would vote it down, not like it would matter much because most of the steak SPS is from the whales of the game. Oh well.
I am not in support of this sh*t token called dec B i dont see it helping us in any way to improve the game syncs rather it is going to create more things to manage so i am voting for it to be soul bound for those who like the idea. There are many ways in which we can give use cases of vouchers and dec like Using/staking vouchers to boost the ECR recovery rate even using DEC for that, I would pay for something like that. using Dec to reduce unstaking period of SPS might also be an option.