As the discussion is evolving re. Haunt 2, one thing is becoming abundantly clear:
Certain market participants have not forgotten the woes of the initial H1 distribution.
Anecdotes and comments are flying in… People want 100GHST portals, regardless of the implications.
Once again suggestions are coming to limit buyers, to gift/raffle portals, to do presales, etc.
The arguments are very strong about having to grow the user base/ecosystem, engage a wider audience, redress the distribution of H1, etc.
The issue is the market has already priced portals, in their current form, substantially higher than 100GHST. I feel those that are requesting a H2 portals at a specific price, are applying a very narrow vision of their desire, without much thought of the implications for the wider ecosystem.
Devs have worked hard at creating a fair and efficient avenue for H2 portal distribution via auctions, the problem is many community members don’t even want to try this method, as they already sense they will be outbid by bigger pockets.
Direct sales at below true economic value have already failed twice (H1 & lil pump), I would urge the community to stop asking for this kind of distribution in chasing the dream of 100 GHST portals.
While it may be true that it benefits all of us to grow our audience, I do not share in the idea that forcing/manipulating the market’s supply and demand can ever yield the right results.
For better or worse, we have had people transacting for over 3 months and establishing baseline values for gotchi and wearables that many deem overpriced. The request to force prices lower, be it via restrictive mechanisms or flooding the market, would not be an utopia. For every “happy” new user that we acquire through debasing portal value down to 100GHST, we will have an upset early backer due to the crashing value of their NFTs. Once the first buyers are burned, confidence in the system is destroyed. Supporters of 100GHST portals may find that you can easily force values to plummet, but you cannot make them go back up once the market has lost faith in the spigots of supply.
So again, while it is a noble endeavor to wish for cheap portals for everybody, this shouldn’t be subsidized via value destruction for H1 buyers.
Since all arguments for affordable portals usually fail to admit a certain desire to strike big luck (5 figure gotchi) from a cheap portal, and instead double-down on affordability arguments for the base gotchi experience, I propose we launch two different type of portals for H2: traditional portals and single-gotchi portals.
If you think about it, the issue with current portals is that they are a packaged deal. You are forced to buy 10 gotchi randomizations per portal. These are 10 lottery tickets to what could be a previously unseen, enormously valuable 580-600 BRS gotchi. This is the reason why selling portals at 100GHSTis very difficult, the potential/lotto value within them is way larger than 100GHST.
I feel that if the segments of the community that demand 100GHST portals are sincere when they claim all they want is an affordable entry experience , they would not object to single-gotchi portals.
Instead of forcing the buyer to purchase 10 randomizations, we could allow them to purchase a single one via a second type of portal. If H1 portals have transacted mostly within a range of 700-1000 GHST , we could expect single-gotchi portals to sell for 70-100GHST in the bazaar.
A single gotchi portal doesn’t completely and entirely eliminate the possibility for the buyer to land the greatest gotchi yet, it simply does it in a way commensurate to their investment level.
Looking forward to your thoughts and comments.
- One type of portal - Same as H1
- Two portal types