Splinterlands - Last DAO proposal shows that the team is listening to the community
Splinterlands play2earn game on Hive blockchain proves once again that is not like the other blockchain games and that is because the team and the community built around this game are in perfect synergy. And if you are not convinced of that, the last DAO proposal should eliminate any doubt on that: Proposal #15 - Daily Burn of Unsold Chaos Legion Packs.
While most of us were surprised about the supply of Chaos Legion packs put on the market in the amount of 15 Million, it seems that as things slowed down heavily on that, the Splinterlands team took the decision to add a DAO proposal to burn most of the remaining ones. The community subscribed to this initiative in a big proportion and we can see and expect the proposal to be granted with more than 77% of SPS holders supporting it. That should be a breather for the Chaos Legion NFTs and also allow maybe the second market to kick in and make the price appreciate a bit.
This game thrived not only because the Splinterlands team was on the winning side, but also because the community could make a profit by investing early in the game and in the sale editions. And through this proposal, I think it remains something on the table also for the community to benefit from and that should help with the overall tokenomics from the game. So I salute this proposal and I will be waiting to see how the entire metaverse dynamics be positively impacted.
I hope this will be a lesson for future pack releases to be better sizes. Will the next edition entitled Rebelling be expected to see the market somewhere in the summer of 2023, an appropriate size for me would be up to 10 Million packs. That should be good enough for the current and future user base and make this entire ecosystem preserve value, rather than get it on a downtrend and hammer the price periodically. Nevertheless, great and expected move with this DAO proposal showing the care for the community as well!
Come join Splinterlands and forge your destiny!
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Its a good proposal I think and reaffirms what they said at SplinterFest.
I honestly don't think they should be burning packs and I think the team put out too many CL packs at too high of a price. I know that the packs are supposed to last around a year to a year and a half before the next edition comes out. However, I feel it would be better served to give out those packs as prizes rather than just burning them off. I did vote against it but I only have like 20k SPS staked.
In the end, I don't think burning the packs will really solve the underlying issues as most people are complaining about the rewards and bots. It might appreciate the prices of cards but that is all I can really see happening.
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At least the 15M supply will have a chance to get depleted until the middle of next year when the Rebellion will be launched. We need a shock in order to have the price improve on the second layer market, otherwise everything will stay stale.
As a fellow user of Splinterlands I was able to see so many things in SPlinterlands like others. While this move of voting a proposal was indeed one of the best decision made by the Splinterlands team. Not only it gives the idea of decentralization but also shows the team cares about the community. As without community the survival would be a close to no.
As for Chaos Legion I am also sort of excited to see what actually happens in the coming days. More like if it goes as the way I think than we are in for a great jump in the chaos market. Since it would move the rest of the cards out of existence which will give more value to the existing cards. So I am accumulating packs and cards as we speak. Lets see where it takes me and if my decision was wise enough lol.
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Right, we hope that the cards tokenomy will improve.
It is impressive to see the DAO at work, I particularly love how the devs and admin try to stay in tune with the community. These are prerequisite for a successful economy no matter the market
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100% true and when user proposals will kick in, that will get us close to decentralization and power of governance through voting.
So many people don't like this proposal but somebody like me that has invested in Chaos legion want this because after everything burn and sellout the value of chaos legion will increase
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I agree with that. I have packs holding and expect to increase in value to make a bit of profit from the market.
As far as I know and understand about Splinterlands, they always consider the community and its good. The recent proposal to burn CL pack is a good idea and I see it as a positive move. Hope this works to reduce the inventory and result in a price spike for cards.
Thanks for sharing! - @marianaemilia
Thanks for sharing your point of view.
They increased both the supply and price with Chaos legion so it was way more impactful than simply printing too many. People bought less because of the higher prices + they printed a lot more.