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The Splinterlands team requests that the SPS DAO hire Steem Monsters Corp. to build and launch a new DEC/VOUCHER burning promotional event within the Splinterlands game to celebrate the upcoming Bitcoin halving.
The team is asking for a payment of $200,000 ($200k) from the DAO, payable in USDC or USDT tokens, to develop and operate the promotion, which includes creating and offering two new limited-edition promo cards, in addition to many other prizes.
Event Details
The event is planned to run for 30 days, starting shortly before the upcoming Bitcoin halving, during which time players will be able to purchase the two limited-edition promo cards by burning DEC, DEC-B, or VOUCHER tokens.
There is planned to be one Legendary and one Rare promo card offered for sale, both of which are planned to be dual-element units. As limited-edition promo cards, these cards will only be available for purchase during this event, and will not be found in packs. Once the event ends, the cards will only be able to be obtained on the peer-to-peer marketplace from other players.
The Legendary promo card is planned to cost 31,250 (31.25k) DEC/DEC-B or 625 VOUCHER tokens, and the Rare promo card is planned to cost 3,125 (3.125k) DEC/DEC-B or 62.5 VOUCHER tokens. The cost is meant to commemorate the new Bitcoin block reward after the halving of 3.125 BTC. Each card purchased will have a 4% chance of being Gold Foil. Please note that all tokens spent to purchase the cards will be burned, and it will not be possible to split the cost for a single card between the available currencies.
Additionally, players will earn points for each DEC/DEC-B/Voucher burned purchasing the promo cards. 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/DEC-B burned and 50 points for each Voucher burned. We also plan to include point multipliers to encourage players to participate earlier on in the event and reduce the ability for players to snipe leaderboard spots at the end. This means that on the first day of the event, players will receive a 3x multiplier for leaderboard points when burning tokens, and the multiplier will decrease evenly each day until the last day when players will not receive any points multiplier.
Prizes
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
- 20 Runi NFTs
Players will have the chance to win one of the above prizes for each 10,000 (10k) points they accumulate from purchasing the promo cards during the event. Please keep in mind that there will be a 3x point multiplier on the first day of the event, so purchasing one Rare promo card on the first day for 3,125 DEC will give the purchaser 9,375 points, for example. The multiplier will decrease each day, linearly, until it reaches 1x on the last day of the event.
Please note that, if this proposal passes, we plan to submit a second proposal to request that the DAO provide 10,000 (10k) Riftwatchers packs from its treasury as additional prizes for the event. While not necessary, we believe the addition of Riftwatchers packs would add greatly to the event, allowing many more players to get a prize, while only increasing the circulation of Riftwatchers cards by about 1%.
Leaderboard Prizes
While the prizes listed above will be awarded randomly to players who participate with each 10k worth of points counting as one chance to win, there will also be prizes for the players who accumulate the most points in total over the course of the event. The primary leaderboard prizes will be the following in-game titles:
- 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.
In addition to the titles, players in the top 20 leaderboard spots will receive the following guaranteed promo cards in addition to the ones they purchased during the event. Note that players will receive a single card pre-combined to the BCX specified in the table below:
| Place | RF Legendary | RF Rare | GF Legendary | GF Rare |
|---|---|---|---|---|
| 1 | MAX | MAX | MAX | MAX |
| 2 | MAX | MAX | 3 BCX | 16 BCX |
| 3 | MAX | MAX | 2 BCX | 11 BCX |
| 4 | MAX | MAX | 1 BCX | 7 BCX |
| 5 | MAX | MAX | -- | 6 BCX |
| 6 | MAX | MAX | -- | 5 BCX |
| 7 | MAX | MAX | -- | 4 BCX |
| 8 | MAX | MAX | -- | 3 BCX |
| 9 | MAX | MAX | -- | 2 BCX |
| 10 | MAX | MAX | -- | 1 BCX |
| 11 | MAX | MAX | -- | -- |
| 12 | 6 BCX | MAX | -- | -- |
| 13 | 3 BCX | MAX | -- | -- |
| 14 | 1 BCX | 85 BCX | -- | -- |
| 15 | -- | 60 BCX | -- | -- |
| 16 | -- | 40 BCX | -- | -- |
| 17 | -- | 25 BCX | -- | -- |
| 18 | -- | 14 BCX | -- | -- |
| 19 | -- | 5 BCX | -- | -- |
| 20 | -- | 1 BCX | -- | -- |
Request for Funding
Initially, our plan was to sell these promo cards directly as a way to generate revenue for the company. In that case, all of the DEC spent would go to the company wallet and would then be indirectly sold back into the ecosystem through the Credits mechanism (when players spend Credits on packs or cards on the market, the company pays out DEC tokens and keeps the funds used to buy the Credits). This would be net neutral to SPS token holders as any tokens spent would quickly end up back in circulation.
We believe it would be far better for SPS token holders, however, if the DAO pays for the event using its funds held in non-Splinterlands tokens, thereby allowing all DEC spent for the event to be burned, which would add value to the SPS token rather than being net neutral. Based on past events and current market conditions, we estimate that around $400k worth of tokens will be burned in this event, giving the DAO the opportunity to generate a very significant return on its investment and provide considerable value for SPS token holders.
As mentioned above, Steem Monsters Corp. is requesting $200,000 ($200k) in payment from the DAO in order to develop and operate this event, put up prizes from our treasury, and to cover the opportunity cost of forgoing the originally planned promo card sale revenue. We understand this is a relatively large sum (roughly 8% of the DAO's current non-SL funds) and we encourage the SPS token holder community to consider the opportunity carefully. If the token holders ultimately decide not to approve this proposal, then the company plans to conduct the event as originally designed with all DEC going to the company as revenue.
In either case, we look forward to an exciting in-game event to celebrate this important milestone in the cryptocurrency space!