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RE: SPS Governance Proposal - Adjust Listing Fees

in #spsproposal2 months ago (edited)

I’m definitely against this!

If our goal is to increase card ownership, raising listing fees is not the way to go. We already have the 1 DEC listing fee, which, in my opinion, has been sufficient to reduce transaction spam to an acceptable level.

This proposal effectively imposes a direct fee on owning cards. If someone wants to sell or rent cards, they will now have to pay even more, and that’s not the direction we should be taking.

Additionally, I believe this would negatively impact the rental market, especially for cheaper cards. If there's increased demand for cards on the rental market, many people might avoid relisting their cards due to the 10 DEC fee.

My estimate is that there are fewer than 20,000 listings daily. If anyone has more concrete numbers, please share them.

Assuming 20,000 listings per day:

20,000 * 10 DEC = 200,000 DEC

That’s 100,000 DEC burned and 100,000 DEC going to the team.

This would translate to roughly $3,000 USD monthly for the team, which, in my view, wouldn't make a significant difference. Keep in mind, we would likely see far fewer listings if we increase the listing fee. Even if we did maintain 20,000 listings, I don’t believe this change would be worth it.

Some concrete numbers would be helpful to assess this properly!

Market activity would likely decrease due to less card flipping. Rental prices might stay about the same since rentals only need to be listed once, but continuously increasing market and listing fees could eventually push third-party marketplaces to bypass the Splinterlands API for card sales or rentals.

If that happens, the official marketplace’s sales volume will drop, leading to fewer DEC burned and reduced revenue for the team.

So overall, I see this as a huge negative for the entire Splinterlands economy.

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Just for the record, I'm not going to champion either of these proposals. I just wanted to provide some context here, I mainly suggested this as an alternative to the people that were asking for a 10% market fee. 1 cent listing fee seems much more reasonable to me than that. The DAO doesn't have to accept either proposal. If they're both bad, vote against them.