Alright this week there's some interesting topics from townhall discussed that I want to add my opinions on. I want to give my thoughts on the hacked funds, guild points, and two future upcoming proposals.
Apparently, there were some old wallets compromised that led to a 6 million SPS and 8 million DEC loss and these fudns can't be recovered since it's already hit the markets and sold. I actually knew about this earlier from Aftersound having a YouTube video on this. The wallet he shared in the video seem to have no activity for almost a whole year. I have a friend who has a theory and I have it quoted below. This could be true or it could not but who knows.
Basically what happened is they were keeping the money in a Kohl’s wallet that had a policy if you didn’t move the funds for a year they probably message you a few times and then take control of the assets. They probably don’t wanna admit it because it looks really unprofessional I mean it’s just them making mistakes or all done on purpose or legibly hacked Not many options.
I'm just surprised that the team kept so much money in an old inactive wallet. This is almost 200k dollars unaccounted for? A few months ago the team had to lay off some employees; could this money have been used to keep some of them? Seems like a big oppsie in my opinion and it seemed like they brushed it off like it was a small thing in townhall; I could be wrong but this is how I felt. Oh well it's the past and there's no use crying over spilled milk. We have to keep moving forward but seeing this happen makes me worried about how the team is managing all their funds. I hope we don't see another news similar to this in the future.
I found guild points to be an interesting news to be shared. Basically, Matt talked about instead of just burning DEC to upgrade buildings, we can get guild contribution points in return which can be used to upgrade buildings. If we were to leave or get kicked out of the guild we could get back these guild contribution points. It kind of sucks that there's high chance this won't be backwards compatible for those that already donated their DEC previously. If this is the case, I hope they can compensate somehow in other ways for these players as if they were provided the option with contribution points, I think they would've done it over just donating to the guild.
This will be super great for the guild system and I think it will make it easier for people contribute to upgrading their guild without the fear of losing any of their contribution. There was also some talks about having a way to change the guild leader for ones that are inactive so there's no guilds that can't progress due to an inactive leader.
In the townhall, Matt also mentioned two topics of upcoming proposals. One of these proposals is to have a cap on base production of land at 100k pp but I don't think this number is confirmed yet. The reasoning behind this was because there were around 10 players who could have crazy amounts of pp on just a few plots that could get most of the shares of the rewards given by land. They will still get the value but they will have to spread their gold alpha etc over more plots. I think this idea is really great and I hope it passes as that makes things more fair especially to non whale players that maybe just invested in one plot.
The other proposal mentioned was revisiting the Riftwatcher packs for DEC. I really hope it passes this time. I think DEC for Riftwatchers would be great to get more sales flying through. We can see that nobody is willing to buy Riftwatchers for SPS as much because the sales have been really slow. Even though technically we can swap DEC to SPS and purchase Riftwatcher packs, I think it's just a mind game. People feel like they will be losing out because SPS is super undervalued as compared to DEC which is almost at it's max value. Personally, I would buy more Riftwatcher packs if they were going to be put in DEC. I also feel like it would also help burn more DEC to get us at the juicy 1000 DEC = 1 Dollar peg that most of us have been waiting for.
That's all for me this week. Insane news on losing almost 200k dollar of company funds which I'm speechless about. I'm super happy about the news on guild contribution points and these upcoming two proposals. I hope these proposal pass so we can get a fair playing field as well as sales popping off.
Thank you for reading and supporting me. What are your thoughts on all this you can share in the comments below?
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