Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Spells of Genesis - Innovating the Game Economy with BitCrystals (BCY)
by
heunland
on 23/03/2016, 11:51:54 UTC
Now that bcy worth 19.000sat (7,8 cent. $) i think that we have some problem with many old card price.

For example
https://swapbot.tokenly.com/bot/spellsofgenesis/bearwhalecd#choose

Bearwhale Card: 1200bcy is 93.6$

This price is Insane expecialy for a 3000 pcs. issued card.

At this price tag I think that it is almost impossible to sell any other card.

I have to proposal to fix this:

1) cut the price

or

2) Burn some Bearwhale Card not alreadybsold so the curent price will be more in line with the card rarity.

The second solution probably is the best. A win win.
Win for who own the card
Win for EDS, probably a deflated card is more attractive for customers.

For example, actually :
https://counterpartychain.io/asset/BEARWHALECD

2830  Bearwhale cd are still in EDS stock,

2830x1200Bcy is 3.396.000bcy, that is: 264.888$ @19.000satxbcy and @416$xbtc

Are we kidding?

At 1200bcy price tag, probably the MAX reasonable number of card in circulation is 500pcs , so 2500 berawhalecd sholud be burned


Supply and demand on the open market will take care of this, no need to burn any cards. There are already resale offers for Bearwhalecd on swapbot for 1000 BCY and on the DEX starting from 910 BCY (equivalent in XCP). If noone buys at that price, I am sure price will naturally adjust to whatever people are willing to pay. Same goes for the other cards that were the first to be issued when 1 BCY was worth a lot less than it is now. BCY price relative to other cryptos and USD or EUR can fluctuate up or down. Burning cards is a way too drastic and unnecessary response; IMHO.