HIVE MOVE UPDATES
- Everything has been going pretty smooth with everything we moved to Hive.
- BIDS system is still our top priority moving forward but it isn't an easy project ... requires doing stuff with DEC purchases that we used to do with STEEM/SBD purchases but without some of the same tools we had from the blockchain that DEC transactions don't provide.
- RENTALS new system will be some time after bids... we are working to find a solution with @splinterlands to make a better system viable.
What do we do with DEC?
Presently we are trying to figure out as a business what we do with DEC.
One of the two partners has zero use for DEC... the other one already has more DEC than the market can easily liquidate.
If we sell it in the market for pegged hive how does that impact users and not over-devaluate the token we are trying to sell? And that gives us 1% less profits because of withdraw rates from pegged hive to real hive. So we are open to suggestions... we can't pay our bills with DEC or pegged hive and DEC is a token meant primarily for players not for business owners.
There is an option to make PeakCredit (for use in features like bids) only Hive/HBD and peakmonsters will pay using our DEC holdings. Similar to what Splinterlands interface does with Credits.
NEW SELLER FEE OPTIONS
- We will now support listing of cards with market fees below 5%
- We will accordingly give a UI for sellers to list at 4.5% and 4%
BACKSTORY
Since the beginning of the market protocol users could always list a card with whatever fee they wanted, that fee is what the seller is willing to give the markets for helping sell their card. Splinterlands teams stated that their market interface would have 5% as their default for what they are willing to list on their site. In addition no market had any reason to develop an interface for users to list at lower than 5%.
At one point (now ancient history) PeakMonsters was the most used market well above splinterlands market interface. Now there are hundreds of users who perhaps don't even know we exist and our share of the market is pretty small... sometimes almost too small to justify ongoing development, we are sorely missing bids and are motivated to get that back as that provided a feature unique to Peakmonsters. Also perhaps to develop a rental system that is actually profitable.
But in the meantime we're trying something new and relatively easy for us and something unique to peakmonsters.com ... a reason for card buyers to come to PeakMonsters to buy cards.
Also it should be noted that we get lists of cards for sale on the market from a Splinterlands API and previously it didn't even supply cards in that API under 5% but we asked and they provided... so kudos to Splinterlands team for enhancing a system they will not be directly profiting from. (Assuming they stick with 5% which is our gamble)
WHAT THIS MEANS
The short: PeakMonsters.com will have cards that other interfaces may not show.
SELLERS: You as a seller have a choice.
- List at 5% and be listed on every site.
- List at 4% or 4.5% and make more money when you sell the card.
BUYERS
You will see more options on PeakMonsters.com
It is possible to have cards lower than the stated "low buy" or "low per bcx" stats.
You won't see all those cards until you open up the cards for sale list for that particular card.
I'm not a card seller very often so this won't really impact me, but I think its always awesome when you provide a better service (or offer it for less of a fee). So as always, great job Peakmonsters!
On your DEC question, I think you should not feel you will kill the market. You might want to use limits and be strategic about it, but there is no reason you can't sell into the market to pay bills, pay salaries, buy presents, or even buy more monster cards :) ... You don't have to put a market order at any price out there, just set reasonable limits and sell over a period of time to let the market absorb it. Its not healthy for the market if you withhold it either, so in the long run you aren't doing your customers a favor by holding it if you really need to sell it. We all want you to succeed, so don't worry about us feeling like you depressed the market.
Again, good job on the listing for sellers and I hope you get the bids and rentals going too... Both should be awesome!!!
I'm happy to take rental earnings denominated in DEC. Not sure about the other owners, but I re-invest it all anyway.
Will be interesting to see what this change means long term.
I would love to see cached buys, in the same way I can transfer many more than 45 cards with one click.
Would make it easier to accumulate.
Question one? Why should I choose to pay 4.5% when I can just choose 4% ?
Question two? The bids and rentals could just be done as they were before, but only with hive and hbd ?
HIVE/HBD are not supported anymore by the Splinterlands market protocol.
I'm with you on both questions @tsnaks...
and I think the rentals Jarvie has a more improved Rental system planned, but still I wish they could do the bids with either HIVE or STEEM til they get something better. I guess the issue is taking and receiving payment through SPL might only be in DEC, but if there is a auto-converter like happens on the buy of CREDITS, then maybe its feasible.
given the same price the 4.5% will be listed before the 4%
Regarding the withdraw of pegged hive to hive (SWAP.HIVE?) when withdrawing from Hive-Engine you can reduce your fee to only 0.25% instead of 1% by using beeswap website to withdraw..
OR
manually👇I use beeswap's tools often, they are super fast and efficient.
Why are ther some people who only pay 0,1% on their sale fee??