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RE: SPS & DEC Liquidity Provider Rewards + One More Ranked Rewards Update

in #splinterlands2 years ago

All initiatives on lp rewards are welcomed by my heart. I even find it good for 5% ecr reduction below 50% as I also posted about similar changes in your last post. But that day also I criticised 2 days minimum rentals. This is going to kill the rental industry. As you already know how expensive old valuable cards are and so as their rentals. And with the new system, I have to waste double Dec on those expensive one's. Previously I have dared to fight in champions league with those cards. But the question arises now, is it worthy to rent that much now? Answer is I'll never get back my return on Dec rentals, so why I'll rent. This is also limiting the competition to reach higher leagues where only your age old players who have all cards at max level will stay and rest all of us who were giving them strong fights will not be there. You are not even guaranteeing consecutive 2 days same daily focus for making 2 days rented cards useful. After all these things, no one will try to rent and this will either force fall in rental cost of cards which is not supportive for industry or rental store to collapse with no renting at all. After all no one wants losses even after putting time and efforts on battles to win when input is way higher than output of rewards. You can say it'll make card ownership more important and will definitely make card prices go up but not for all cards. Especially chaos legion cards which is still far from selling out making it's price almost same. But question arises about old expensive cards. Will one buy them? Answer is no, they are so expensive to be afforded by majority. I'm not going to sell my property to buy those cards and no one else will do as well. The overall effect will be loss of player base and who will buy those cards on market. This will cause fall in cards prices in reverse of your thinking to go up. Kindly listen to the community about this unethical 2 days rental and don't implement. Consequences are not positive. Thanks

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IF the market decides certain rentals are too high, people wont rent them, and owners of assets will lower cost of rents or accept no income from their cards. Rents that are high, are that way because there is demand for that card, so unless people stop wanting that card, the rental price will reflect that demand I would say.

This will happen to all cards of high rentals because of double day payment. It isn't that demand is low but the fact that input is way higher than output. Owners reducing rental fee resulting in low income for them and it'll also affect those card prices in the market. So its an overall downfall for those card owners who bought at high and got no choice but to sell at very low

these markets are very dynamic, its hard to predict changes, so we will see if u are correct, time will tell

The reason I'm saying this because people can still play nicely with cheap chaos legion cards. Although the users of old legions definitely have advantage over them but this doesn't limit the usefulness of chaos legion. Slowly the cards with high utility will go high in price while with lesser utility will put those old not so good cards back to low value maybe even lower than chaos legion. This will how things get balanced over time. So that's my pred about going old cards prices lower but not much because of limited number.

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