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The Splinterlands team requests that the SPS DAO hire Steem Monsters Corp. to build and launch a new promotional event within the Splinterlands game to encourage players to burn cards, DEC, and Voucher tokens in order to help work through some of the excess supply currently in the ecosystem and provide more value to the assets over the long term.
The team is asking for a payment of $100,000 ($100k) from the DAO, payable in USDC or USDT tokens, to develop and operate the promotion, in addition to 25,000 (25k) Riftwatchers booster packs to use as prizes for the event. Please note that the DAO currently holds just over 200k Riftwatchers packs.
In addition to the Riftwatchers packs, the Splinterlands team is planning to provide the following prizes from its own wallets for the event (nearly $100k worth at current market prices):
- 500 PLOT tokens
- 100 Alpha packs
- 250 Beta packs
- 500 Untamed Packs
- 50 Essence Orb Packs
- 100 Azmare Dice Packs
- 500 Nightmare Packs (Soulkeep)
- 10,000 Chaos Legion Packs
- 20 Runi NFTs
Finally, on top of all of the prizes listed above, we also plan to award the following in-game titles to participants based on their leaderboard position at the conclusion of the event:
- 1-10 - "The Burninator" Legendary Title
- 11-60 - "The Incinerator" Epic Title
- 61-200 - "The Scorcher" Rare Title
These are the same titles that were awarded for the first burning event last year and we purposely only gave out a relatively small number of them last year so that we could continue to award them for future burning events.
Event Details
The event is planned to run for 30 days, during which time players will earn points for burning cards, DEC, and/or Vouchers. Every 10,000 (10k) points earned by a player will give them a chance at winning one of the available prizes, and the players with the most points in total at the end of the event will win the guaranteed leaderboard prizes.
Players will receive 1 point for each DEC burned, 50 points for each Voucher burned, and 2X the collection power / DEC burn value worth of points for any cards burned during the event. Additionally, we plan to include the same point bonuses for players who burn assets at the beginning of the event as we had for the burning event last year. This means that on the first day of the event, players will receive 3x points, and the bonus multiplier will decrease evenly each day until the last day when players will not receive any points multiplier.
Request for Funding
As mentioned above, Steem Monsters Corp. is requesting $100,000 ($100k) in payment from the DAO in order to develop and operate this event as well as to put up nearly the same amount in prizes from the company's wallets.
The company needs income in order to continue operating and rather than selling new products directly, which dilutes the existing assets and takes value out of the ecosystem, we feel it would be much better for everyone over the long term to have the DAO fund the development of features like this proposed burning event that will add value direcly to the existing assets.
We hope that the staked SPS token holders agree that this is a worthwhile use of DAO funds and that it will provide a large net gain to the overall value in the ecosystem over the long run.